The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-06-16
THE AMERICAN QUESTION.

Effect or the Rebellion ON the Finnnors
nnd labiact p"l'cy OF Ensi an,!-One
on .ier Exports Lost in a YEAR hs
cabinet k'oltcy Il ttae OF :. sOn Inter-
vention" and ITO Encourage ln.ie.
nsnc-,'' &C.
Ii h. House I It,rds, on tho 30h of May. Earl
moved tho bird rea ing oi tho Cnstous ID Inland
Res vnue Ii and IN oing 50 review tho Inaciil con
ditirn oi England during he is yor is ling ,cc
ally ulon tho onal dcter Of the yer, and the
cx RI rduary elasticity of the Ia iona esoiirces In
the course u his address, 10 very iul use, be sii
Daring inc ,as. tire, years the government ha had
many ADVERSE circ instances TO contena With. one
year me deci vdy bad harvest, and next year
they bud a-an ba |, although MT 70 bad harvest,
and ! 81 yea that event, u,ttch had been
ragiep prolh 81 hdppa a. LIN ret. de 10 able &
the tHite states AMI asp deplrabe y the rect The
word, with whom tbcy Ierci4l r,itious. md
which MT only deprived rs u tie snily Of that article
SO cossary 20 manufactures, Mt only am alhs
arts 70 h c9un ~ on sun ~ f20 600 Uoo tSlu0.
900 o00J, b also effected the conne rc,a rlaons ~
neariy every count with which We were IN tfe u bit
Of trans ting Besides this had had, si;i.
in tie asst three years, wr with china and wac ~
New IL aalid dnd ue Lai bod { max erJesc fretara.
tons far odr tci tn. Caitd Stdes lie found
owing these circumstances the eAccss OF expenditure
over the last three years amounted 10 no less than
E20 90 90. lie tho, ght the way Ia which Parliament
had provided for that demand vas wise and prudent.
some estraordina resources drawn upen TO NEE,
the charge. The government spJiici tito SIanisl
p iyment, tho malt credits and the e,synsut
OF advances with res rd " works, AMI they
diminished the balances IN the excheqBer ~
G. SOC, 600 With regard 70 that dimin ~ D he hsa
heari very much objected TO- and be was aware the
Chancellor Of the Ex,h-aser ali not himself ink this
balance Irge. Bat ~ point Le boeved he was
tbofz a. say tho RI ~ the government that they
felt H. their dty 10 provide for ths oil potcts
of .lH island and tie gsaer do Of the country
With regard to this matter of sonuny, satt lac
tory conclusion mi ht be arrived II by c,arihg the
estimated expenditure OF the present year III the sx
penditurs OF tho years 1861 81. which showed diua
ton OF 81 1893 90 Comparing IL again with thc
penditufo 81 lsJO6l thsrc appe are u be dninutou
Of near possible Ii 500 0J0 II might be- oh
that this dimnution mercy In consequence oi the
cessation Chiness Ia the rsplrs
bostltes IN the North American provices bat dcd Ct
Ing those two great sources VI expense. II wod stl he
fou that the oxfsndItrro Of this yea compared
the years lseisS2 sn'wsd rsisc.,n q ESQ ~ ana
with regard to the state u the finances,
ing the 10 which h hal areay alluded,
siderng more ar uary tao state OF the eiv Ia
tho Unit ID States, dlou. tchich DcI 10 pro
phecy uhat ut De ne rl he conc vst that any
OF the ina ces must be serious aud above al, he con
sidoi Ell 1t m1st important AID al 20 that the
state OF the finances should be freely openly ~
cd, and that trer urshifs should act ncIrentiy with
the other branch OF the Legislature IN passing the
finance measures To thai extent. therefore 10 agre
with the nobc sarl that discussion sssa u.In
the serious state of the finances, but IL TOY wire
to attach 10 the word SERIOUS the meaning tLat the
finances wo.o Ia All alarming stats, ho could n1t
into the iscing OF drsl DndeEey aud alarm (ioas
hesr lie bclisysd II hal been well said that US,
~ we'll as confidence had it's de,ec anu whoa H.
c,hsiderSd the sta Ut this country, notw tsass the
temp depression In lancashire and some ia Is u
Yorkshire, when tie sidcrcd tn. benefit th hid re-.
eit,d from eaSed with France, and when
hs saw that up the prsssat tnns oar eypos to tt
country alone had ereasej o. the extent of EiO 600
0Vo very nearly cl 20 The .i20oc 90 lost year
Of conacrcs wLn tLs U.Ned States h. did tnnk tlat
there waa some "a for satisfaction thai they had
agreed TO the Iseuenis which Ia taken place Is
| wvud not trouble their lraships with hgure. but "
any doubts entertained explanations re tuirsi
VITA regard to details lac soad he glad " furnish any
| inlorns. ION IN ls power.
The Earl OF CARs1RvoS In studied-s pecch, criticized
the general financial policy Of The ,hanceDor q the IL
chcquer He conended SHAT there had been great wsts
IN solo ~ the dsn tucns Of the goycnnent and that
the Minister respo sbie for the inAuc"s VI the country
hal uced and dangerous policy In the tres
| IDent oi The calculations which TN
right honorable gentleman had msJe at the o,ninene
| mont Of every year with IN oh eoq icnt Comment,
hid been faisned towards the clvse. aud deilcit with
| n fundamental estimate was tie result.
The Duke II NEw,y sIiE reptile. " tloso ob sciions
He said-1he mob IA stated that the tendency a Mr.
q ads ones Auanea policy was 70 destroy pub.c com
dsnca aud To strike the rot OF public moral ty
W.T. respect The former ~ iicse charges he wo "a
AK tlair ordships Whether, under the adverse
c,us auccs there had neen any unusual fuctuatio ID
tile funds. during the late 81 eltenng aspect II
Affairs with the United states, whether tho funds La1
not ma intain.d ftma kabiv stead mess. tliear he !
AZ 20 Tho act ~ tn isur.s upon pub q moral "
| he con cssed he III not understand the arg mont
(lIeaf lie ca not eeo Inv these IL cal fraf g,n n
cou.a have u ct = dfstr ying bic moral - snd
he wouli thots re- dwell no OAaer upon tie bic d
Why, $40 ,yVv,vvV had been sYsd by the psop.s VI