The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-08-04
SPEECH OF Mr.. DISRAELI.

wAR-NECEsSlTY OF KEEPING PREP AIRED
FOR WAR.
SPEECH OF MR.. DISRAELI.
In the House OF Com mons On the 10th July,
Mr. DIsRAEI said-Sir, before you leave the chair /
wish TO make few observations the present financial
condition OF the country which it will probably be
convenient, for me TO offer now than when are 10 com
mttee II is scarcely necessary for TO advert N the
conduct Of finances the late government to the
condition in which they left them because the right hon
orabe gentleman the Chancellor OF the Exchequer, has
noticed generally what took place the late admins
raoD with respect 10 finances and he spoke their
conduct ia fair spirit that not disposed in any
way question his description being quite sure that IL
in one very in pos.ant particular he conveyed
impression to the House. he did merely through
psdv erterce may, however, remind the House that
when acceded to Office and 1t beca my duty the
part Of the government to state the position In which
found our finances, and the ways and means which
proposed TO meet tnem the country had scarcely
vered from Of the monetary and de-
gree commercial commissions which it had ever expe
rienced. Hear, hear Indeed, IL take the amount
Of disaster the test Of the gravity of the cr
sis, what happened nearly two years ago was.whou.
ceptou the worst state of depression which the
cin OF this country have passed through in
time II under those circumstances that called
upon to state condition Of our finances and TO pro
pose the and to this house at the early part
Of the year 1858 The House will recolect that tina
occasion there was deficit If / remember right Of
deficit met by proposition the part OF the late 60
verpment that should put end to the fictitious sink
ing fund which bad been instituted and that should
not pay of two millions of exchequer bonds which were
becoming DUE The sinking fund and the exchequer
formed the greater portion of the deficit which had to
face And II the opinion of the government that
not expediens, perhaps under any circumstance but
especially a, moment when the commercial classes
suffering in the manner to which have referred to
great increase in the taxation Of the country In order
to pay of membranes and to reduce debt. Well,
it was, think may say, the unanimous opinion OF
Parliament that took right that occasion
will in the first place, say that to the decision to
which the government has arrived Of dealing with this
deficiency by taxation and not by raising loan, give
unqualified appreciation (liear, hear) don't mean
to say that there are net cases in achch eren in tine Of
knows that such emergencies may arise but they
only very rarely Twice In the experience Of the
generation am addressing those great emergencies have
arisen am not prepared broadly to lay do that even
the question of the national defences which understand
is to be brought before the House, not be excep
which demands the most curious investigation and the
closest reflection But say there nothing the
penditure incurred by the late government and sane
TONED by their successors, which in iis nature and
amount justified recourse to loan (Hear.) :
The Consciousness that this country dya single tar If nscs
sd,y, at moment Of erigeacy raise great
those loans hat depoic ondrchs raise Nth so nsucA diff
Guilty. at high rate Of interest, and 70 ,chch they appeal
tax in the ways and means Of the year. giyb
overeign sum az great as those loans which sa{cton
aggression and nvasonths is Of those greafacts
hat influence the minds OF nations and of Cabinet
ID source OF strength TO country that ssncacdable.
That s why why should not fritter AWAY
this treasure And although may be desirable TO ppea
TO the income tax at times Of great commercial change
risk 10 enable 10 effect reforms, ought u look
upon this the habtua OF financial schemes
And every scheme consistent with sound finance will
serve the income tax a weapon in armory which
ought not TO used for trifng and common purposes
Cheers Sir there is other point to which my
duty 10 call the attention OF the House, mean the gene
raj condition of finance The right honorable gentle
has had great difficulties to encounter this year. The
prospects OF this year under ordinary circumstances are
extremely perple1ing, but under the circumstances
have sprung Of late in Europe and which still in
state that occasions anxiety the financial position this
country in time Of peace ought not TO be passed
wh o mot notice are nov raising revenge Of nearly
country that raising $40 600 900 year time OF
peace with IMMUNITY Gear, hear England cannot do ii,
and England cannot, country can do IT, (Hear, hear
How 10 this great and growing evil? 1t
useless to throw the blame the government TO what
party may belong There are persons so inte-
rested in the economical administration of the country as
the government ofth day whatever party they may
Cheers Now, sir, let approach the greatso
ces OF expenditure 10 is country. They enormously
increased iear hear) If TO follow the advice
Of some, even Of many in this House and the country,
they would be still further increased 10 very great
tent (Hear, hear) Great as is the expenditure, we
still told that the detences Of this country most
imperfect (Hear) Vast as have been preparations,
still told that the honor of England not SAFE and
that 1t becomes as 70 make still further exertionsthat
feet ought TO be ucreased-(hea hear, from Sir c.
Napier, and a laugb)-that our army ought 10 be in
creasedand thai other should be taken for
derng the position Of this country powerful and
satisfactory Well then what are the ways and means
that you have to encounter? You have great difficulty in
meeting the burdens that 1t is necessary 10 bear How,
then to encounter the future prospect that s
ments and defencesS Now, Sir have Of twice
deavored to impress ths House that when you come 10
pubic expenditure scale, expenditure depends
upon policy, and when those who BIT in this House date
upon the expenditure of this country deplore the waste
Of our resources and then eau upon the Minister to re-
duce that expenditure, and administer With more ability
the ways and means placed IN hs hands-when we do
this We are in fact doing nothing The Minister only
maintains that expenditure which upon the whole the
policy Of the country demands, and you responsible
for the policy OF the country at this moment. (Hetr
hear Mnas our present policy What e our future
net neglect II you sincere 10 your determination
that this country shall not be involved In difficulties
fap lawn ND Narr(po
the creates, sacrifices 10 extrcate her. There Are
two points Of policy pressing upon US at this monsnt
lament to consider fully and respecting which they mist
require from those responsible for administration Of
affairs the most precise views aud the most accuste
knowledge little while agono! than two months
ago-a European war seemed impending; a most stn.
culinary Struggle in one European country had commenced
II has now terminated, and in manner most unexpecNd
at this moment the House has scsroey recoveed
from the surprise With which received the thai
struggle which many expected TO last for years had std
the transactions that led to the commencement OF Aat
war u was the policy of the late government uncr
those CIRCUMSTANCES TO maintain g.rict and impartial
neutrality y was msrepresented for time, but The
country has already believe, done usce 10 thatre
sgee as Saear s, hear although from some speeches
the last debate when addressed the House from thego
vernment benches might have been supposed that bur
Ahcush Happens as poc
wholly different character must eusue from change
Of government. yet have the satisfaction Of knyw
Ing that no sooner had the new government taken
her seats than they announced their Intention To follow
be footsteps OF their predecessors upon foreign adrs
tHearl That was very satisfactory statement but
events nave since occurred OF such Importance and With
SUCH rapidly az 10 add Immensely 70 the value OF that
statement There 10 an armsticc that produces petce
which welcomed by every one not only on account OF
he interest which all feel In the restoration Of peace but
wnat tnnk 10 stu more Interesting to this country be-
cause we were not at all mxed up With the comnerce
ment OF the struggle nor are In any way responsible
Tor its conclusion. (Hear) Now, we hear there IA
prospect OF Congress or Conference that Congress
or Conference 10 70 be attended by the neutral Powers
The moment either of these Powus attends such onoresf or
CoyTencen CEASES 70 es nsurat-(hesr, hcar)-and mt