The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-05-05
PRICE TWO CENTS.


aentsd slrssay he p0gearay Of tas Emperor rAs IN
place to feeling of "hsultsd France" LORD Couisy
does no believe lseys ysanos this evening, Intended,
main in order 70 asosrAs effect produosd BY The 70.
suls Of Bsrnasds Trial and II b quite UNDERWOOD IN
S ON circles nss ne Isops VINO cassrsa Bernard are
N love with hslish freedom and hospitality 70 abuse
u On ali occas,ons.
IRON L. Nosd, or BRUSSELS nssian osgan). April 20
inc news Of bernardb acquisla hes produ0od = sreat
tensason In Paris 10 easy 70 undsrstand shat (h new
incident renders The posoo still dslsats bsswesn
France and England. The d1saluss VIII watch Lard Der
ministry VIII meet, ether 10 give sosisfbc9on 70
France OF 70 maintain ITSELF In he middle a NE snbe
EASEMENTS multiplying themselves from day 70 day, ca
French journals for she reflections Of shs prspoeoas q
public opinion They that subject of IN exvane
prudence OF consideration and circumspecton
The English Budget and its Dencsency.
The Chancellor Of the Excnequer brought fq Wod nts
puget ne Commons on The 10Th ulI, rspofaA "
Mr.. DsraeI afser commenting on the change whsch "a
commercial prosperity of tho country, end 81 the psop
that many chabges bad taken p!sce since Ne st budgU
In the commercial position at the country. e Asetea
Of aiss ~SssA ..sAsr as ~sssy .Sas ' conssdsr.S q
e amount exceeded any vikhin thsv xsessoyy Our en-
ports which bad been rspsaiy rising for oas time pre-
crisis Then cane resumption Of oonhdspce cspAi
now abundant, and the prices Of The main srtcIss Of
C00apor .
Still, though the general condiiou or he country w.
sound they were not usned expectiug that rapid ~
currspce Of speculative tprit which had done muoA for
the exchequer. Sir, since the commercial crisis RACED
which very much alarmed this country there hes ossn
need DOT remind the House. Considerable restoration or
ment which win copduoe 70 the Increased prososy of
the country. The rate or interest very low oAetAl
aounosnt money cheap and the prices Of shs principal
necessares OF life and OF many Articles Of ocusuupn
much lower than they year or the peood
ing year. But, al the same time, do noA feel thaA
In vxsA nS 40
although the general condition Of this country a III
moment sound, and although generally there has been
rss,on OF oHnndsnee ssa there are ndssSns o. M
in ndugipg the belief that tnere VIII be : rspid ~
currepce Of that spirit OF speculative enterprise which
buted, no doubt, very bereacaiy to The prospsrsy
Of the State (Hear.) Therefore, in framing esmes
ON The ne mo 10
cbequer, which IL Iesered In ia passage by a
1900 oOo which that department. win noI BE- liable N =
customs duties for this year must emember that hey
have since the commercial panic and disaster sxhibsd
crcumssucer Of The county ave hrSly fssosos . ooo
sumption-:aptal abundant, money oasap, ~ bread
between forty and nfsy per cent less IN prcs sAsn
was. Then ~ 70 sugar, which very high IN price n
the course Of ast have The propsc o. ssua
dsnt supply, and the price has Considerably fAllsnas
circumstances which, under ordinary crcunssanoos wouid
stimulate consumption, and must also Ssmsmbeg tAat
there one great Influence which hss been most advsn
geous 70 the exchequer, viz that the coy now -
ginning to feel tho bsnsn, Of that rsas remission q >ax-
atom which was decided upon last year. No eoaes thae
the quarter just terminated contributed great 1sss
70 the restoration Of confidence and 70 ths nrsasS a.
on N. r ss,. " ss cs"s 2 -
for the interest Of The funded and unundsd dsbs -
100000. There wa decrease In thh item, compared
Of s.s
Use Of resortDg 70 The exploded sinking fund
Ss out Of sy
plus revenue Under these circanassacs. hs sAoeghs
they ought 10 repeal the act authorizing his stnkg
fund, or else suspend until the Exchsq bonds
paid on and this latter the he Was Pc
% place tbsse debt: on The coS:odassd ma M
would leave 81 500 900 70 be dealt WITH me right hoa.
.s snsn - ,sS1 Sy AGAINST = ss
that tax on income was not jusuAAbls - . per-
mansnt source Of revenue cosld oaly h.n bs ~ rs
however dssgrseablc this might be- the parties oppossd
70 must rSr'snber that, directly o. isdSscuy, iAsy
portion Of the dsscsn.y $, n .qs.ssse q ~ , so
land. and scotland had been : gamer By he ssss-
Iish Spirits, which ne proposed should now b eivss
up, and from this they would gan f6eSSoo.
but de,rous have something in de shape a suS
plus and this be hoped 70 derive from Of one psnay
2. each check dr..n on banker. me result you'd =,
The dehctof the 81, 800 600 would BE- thu made up
md 10 u: :,ss.s ;st Is.s
be proposed should be liquidassd by pay
M. %sp'' ,ss ScD., 2 each a.. p: S: isSs
tar would have ceased, and that there would be 3
large surrusof reveuuc over expenditure the hon. zen
Ia ~ Gu ns ss amidst general Cheering from an
>. sssysr::aes beloved, in which the proDs.,.ss.ef
oriticisms ofihsm condicDs Tnc Increase q Ss
IoombersJ ibs po.sponsmeut y he payment Of Is sn
reality 70 borrowing Chimney on these bou ma wss
predicted that considerable resistance would be offered 70
Mr. Gladstone urged . reduction or The srpsndmurs
Mr. CTdwen recommended q snuasoe Of the al M
me pay ment OF the debt Incurred in ~" 49, "a, 49,,
be practically rcpudated.
The Chancellor Of the Erchequer replied 70 the osjse.
ions made 10 his budget and insisted upon the Accurate
though temperate and cautious prD ples upon which N
estimates Of the revenue for the current year ware
founded.
The resolutions then agreed 70 and ordered 70 10
reported.
lrtsm the london Tines Getty Ar.ic'e), April al
The Chancellor Of The Erchequer last evening eunaysd
20 heh eshn Of finance and the result has been ihA No
budget has given general Satisfaction. As NE denessssy
on cans Of course the i.sins q fsssS ban nssssS
resoTtpg ioa prolon cation Of the old oues-suppossg
sssn . 'a On Ss .% have
her The psdge given BY Mr. Gladstone, thAs The osnsy
should annually effect certain reduction Of hs aaGsona
more solemn pledge The part Of hat gsnsleAa eor
sradu. mitigation Of the income ar, thsrs nksiy 10
r ors any a's ss
az The country would have vilmg 70 scosds 70 n.
,ut IN ne preseoi form VIII dessrvedy prove smhar
'sssmeDt 10 every Minister who may endsavcr 10 aug
nent or even N maintain ~ A ths time sasinlHc
'on felt M the final blow appareouy given - ne
indenned system Of binding the nasoa, by ke essAblhh-
nent OF nxed sinking FUND, 70 redeem annually sps-
'hc portion q debt whatever may BE- ~ aspcsttsoa
lblhy 70 funl The ta<k when the tina oomea round-
ard N, h. vofs 49,
initial rate In favor Of rkh sprits nesdleea 70 sAy
here cannot NJ the present day In commercial crsles b.
oom Tor the slightest discussion and finally A&hsaeh
he propcsit,ou for penny stamp chechs hkely 70
meet With moet active ana well arranged oppos5tsn non
NO or three select bodies Of persons prsg especial
The London BANKERS and The members d he aooh IL
hanee, there reason 70 believe thai the m2oss would
CON Do found BY the nstou II large 10 b " NJ
bjecuop that could Be- made 10 u has ben answered
yer and over again during the past twelve years
M Dsraeh seems prepared, After TIE erpsrsenoe ~
he orpoeiton 70 The penny postage and penny reoett