The daily union. [volume] (Washington [D.C.]) 1845-1857, 1853-05-04
Foreign. ny the baltic.

Correspondence Of the N. Y. Commercial, Advsrussr1
LONDON, April 10, 1858.
The budget OF the Chancellor Of the Exchsquer was
brought forward last evening, and has proved TO be a
highly comprehensive II has been followed by
slight degree Of Atne in the funds, because he chief
ly deals with the surplus by reducing commercial bur
dens, and there will therefore be large amoan APP
pcabe for investment but the relief he proposes 10 The
nation is very great and such cannot fail 10 have the
effect OF largely increasing the general prosperity
These estimates for the present year show an ex-
pendure OF G52 005, 900. and revenue oil S3OOO
and The surplus under these circumstances would be only
gsO7 900 BIT the Chancellor proposes 10 increase the
produce Of The ncomelax by applying IL 10 incomes be-
tween fIO0 and ESQ year, thlthero exemp9 and by
extending lis operation 10 Ireland while he will also OBJ
tain large by making landed property liable 10 The
legacy duties and by an increase OF the tax upon spirits
By these the revenue will ultimately gain 20,
10000 per annum, and an immense reduction OF the
taxes which press upon trade thus be achieved The
excise soap yielding Ellll00O is 10 be totally abo
shed the stamp duties are TO be greatly reduced the tax
on advertisements is 10 be lowered from Is Cd to cd
the lea duties are TO undergo gradual reduction from
their present rate OF rs 2l per pound 10 Is, and The
imposls upon about 270 ohe articles OF food which, al
though small IN individual amount, interfere with the
progress OF commerce and The general coaors OF the
pespe, either to be removed or smpfed These re-
duclions will ultimately reach total OF f,l9i0OO AT
the same time provision is made Tor gradual dImInu-
ton of the income and its complete expiration in 1860
On the whole the scheme Is regarded with great sals
faction, and although desperate attempts will probably be
made TO ASSAULT, there seems 10 be no doubt about lis
success.
Apart from the budget The only subec that has attract
ed much attention has been The discussion consequent
upon the recent allegation that large store oil arms
missiles and gnnpowder had been found in house in
the occupation OF kossnth. Lord Pamersion bad SAID
that the place which was searched was not kossuth's
house, and proves to have been warehouse in which
Mr.. Hale has for many years carried on the business
OF making explosive compounds, andi Is likewise as
serted that neither arms nor gunpowder were among the
articles seized Kossuth through his friends denies the
slightest participation IN the existence or purposes OF the
mandatory question and Mr.. Hale, the proprietor,
maintains that bis business Is and always has been con-
Quoted with perfect legality, and that the present seizure
IS violation OF private rights Tor which he Will seek
the fullest redress Thus far nothing whatever has
tfanspred TO justify an imputaon upon Kossuh any
of the refugees in this country and unless the govern
ment ultimately show that they had some good grounds
for their proceeding the effect will be damaging to
them.
The warrant is believed TO have been issued upon in
formation that quantity OF gunpowdsr, beyond the
amount allowed to be kept IN any one spot, $50 lbs.)
was odgedn Mr. Hales premises; but according TO sub
sequen statements, II would appear that the article i'm
pounded was not powder, but mixed preparation for
rockets, against which there is no prohibition It's even
added that the warrant itself Illegal il authorized
a search OF the premises OF Robert Hale, Mr. Hale's
Christian name being William. Under these crcum-
stances the government will find themselves sharply
sailed not only the merits but also the lechncali
ties OF the Mr.. Hale has been in the habit OF ex-
ecutng large orders for foreign governments but whether
his existing stock had been prepared for any OF the
tinenla powers, merely upon speculation, supply
orders from private individuals has not yet TRANSFERRED
There has been OF importance from the CONT
absolust tendencies OF the court TO render early
CONFUSION inevitable. From Vienna il is reported tina,
some mitigation Of The system OF military rule in Lom
hardy by partial recurrence 10 civil FORMS has been de-
cided upon, but there signs that any real improve
is intended, and The conduct of the government in
their conscaon OF the property OF the Lombard refugees
in Sardinia has been such to cause the withdrawal OF
The minister OF that country from the Austrian capital
In France the OF events has been without interest
Consols at the last date quoted 1909 They have
since touched 1905 and have closed this afternoon al
1905.
Ihe grain market has remained without alteration since
the decline which occurred week ago.
The next steamer from this side will be the Asia on
the 23d. Our last dates from New York are to the 9th
of April. SPECTATOR