Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1855-05-15

Atlantic arrived on Thur sday and we iaa' H'-"''
important rews on Saturday the 9TH. THIS NOR -
ing we have the news by the arrival OF TIE . sac"
five days later The news 10y her Is also 81 --'e
IA portance, but ia very brlet. =,
The Vienna Con ference had totally ia'iru' auu
LONG usr in prospect was the prevalent ezpecsa-
tiou ~
.eSohseo,entlv to the 23i of April when sup
nlementary conference was held by the Plenipo-
tsn,iares without results, another meeting of the
Eb,,r Powers was held at the request of Prince
GoRrscnAKoFF, when further propositions were
made by the Russian Plenpotentiaries, and re-
jeeted BY France, England and Turkey.
SIEGE OF sEBAsroPoL.
April l9th-The French Minister of War learns
that the allies were still advancing.
Prince GoRTscHAKcFF's account of the same date
as the foregoing, says the fire of the allies is prov
ing less violent.
The Russian batteries replied successfully, and
on the 18th the Russians made successful sortie
and DESTROYED the most advanced works of the
enemy
The loss of the garrison during the last few days
has been uncomfortable.
The latest accounts from GoRTscHAKoFF, dated
April 22d, state, that after twelve day lombard
ment, the allied fire was becoming weak, and
caused but little damage to the works!
The Duke MICHAEL and NICHOLAS were again on
their way to the Crimea.
Prince MEYsoH1ooFT is not dead
TIE FINANCIAL BuDGET-TwENTY- THREE MILLIONS
STERLING OF DEFIoTr-INCREAsE OF TAXES, ETC
On the re assembling of Parliament on the l6,h,
several hundred thousand pounds were voted, in
the Commons for salaries and expenses of govern
ment officers. A motion by Col Boldero, for a Sc
lect committee of inquiry into the medical depart
ments of the army and navy was negatived. On
the evening of the Goth, the Chancellor of the Elk
cbeuuer submitted his financial budget, showing
that the expenditures of the year were estimated
at EST. 339 900, including 9l6,2000OO for the
army, Sl6,7OOO00 for the navy, ct 100000 for
ordinance E27 $500 600 for interest on the existing
debt and 96, 500, 900 for civil service, The reve-
nue. from present taxes is estimated at only $685.
339 600, leaving deficit of 923, 500, 900.
He (the Chancellor of the Exchequer) then stated
that he intended to impose additional taxes to the
amount of Go, 100000. He would raise this
amount hv increasing the present duty on sugar
by So per cwt, varying according to quality; to
increase the duty coffee Id. per h.; on tea 3d.
per h. Id. on all bankers checks or notes payable
on demand; Is l0d. per gallon on Scotch spirits
and 3D. additional, making Cd. per pd. on all in
comes. After discussion, the resolutions were
agreed to, and ordered to be reported.
The whole of the new loan of ZIG 000, 900, just
negotiated, must be paid in to the government be.
| fore the 18th of December next. No discount al
| lowed for prompt payment, and no exemption from
income tax on the dividends. An extra credit fol
the expenses of the will be submitted to Par.
| lament, probably to the extent of 00(
sterling. which amount will be raised by Exche
ouer bills Government will not pledge itself mo-
to raise new loan during receipt of this; nor car
| il be promised that foreign guaranteed loan will
| be offered in the English market
The above statement relative to the financial con
dition of England is one of great interest," and
! should the war be protracted, menace formidable
| dangers to England. 1t is greater sum than Eng
| land has ever expended in one year for nstions
objects. Doubtless her ability has vastly increased
since the close Of her war with NAPOLEON 1-bu
it is an enormous expenditure in the first year o
action that may last six nay ten years. 1t is very
nearly four hundred and thirty millions of dollar
a little over that sum. The amount of tire,
millions sterling or nearly fifteen millions Of dol
lars spoken of to be raised by Exchequer bills i
raised on the same principle as our Treasury note
| -(whea we formerly issued theE.) They are usu
ally without interest payable at certain tint
ahead, and if not then paid, they are funded anC
and thus become loan. Sometimes they are ISSUED
with interest, commonly not exceeding two pc
cent
This is certainly not very favorable view of thu
British finances. 1t exhibits, indeed, fnancia
ability without parallel Rome in her proudes
days (aIthough at one time she had vast nationa
debt, which was swsmped in the misfortuues O
the later period of the empire) could not have
raised more than hall that sum in one year. The
value of money, however, was much greater ther
than in these times.
Nine pence on incomes, besides having addition
al taxes on sugar, tea, and coffee, are most serious
burdens to the man of the people, and to many
of the middle class-whst does the aristocracy care
if it does not reach them? ! think the minimum
amount on which the income tax is assessed is 20(
mounds. or not quite thousand dollars. Nine pence
in the pound is 9 260 or little over one TWEEN
tv-seyenth. This on thousand dollars is amos
exactly thirty seven dollars. Enormous is THU
tax, indeed, when added to the increased taxes O
England.
If the war be protracted but half dozen years
land it is Just as likely to last ten half DOZEN
then we may expect such disorder in the inances
of the several powers as will prepare the way fol
popular revolution. The end of the war may leave
a majority of monarchies of Europe more firmly
combined together than ever, but if Protracted to
the extent, which is altogether probable, will leave
the great body Of their subjects oppressed
and Disconnected than at any former period. Pro-
baby this war will wind up with a more complete
evidence of the selfshness of kings and mobiles
than the world has hitherto had
The speech of NAPOLEON III, at Guidhall, Lon
don, is one Of the most ingenious and magnificent
humbuGs that has ever been enacted. He rivals
his great uncle in the skill of the Charlatan
His uncle had basis in his own really great
achievements on which to WELD the structure Of
his impositons; but this man-without ANYTHING
of his own really greats able, by the prestige of
his uncle and concurrence Of circumstances IA
vorable to his trickery, TO deceive many and TO
WELD increase power. But his day is coming.
SULPICIUs.
FEDERAL LEGISLATION.
We notice in looking over the acts of the last