The New York herald., 1862-04-17
Sir Morton Peto seconded the resolution.

Sir Morton Peto seconded the resolution.
Lard Pslmerston admitted The great inporancs Of a.
question, and reoced that not brought forward IN
party spirit. The question had occupied the earnest
attention Of the government He did not deny that the
action OF the Merrimac and Monitor had taught lesson
but whilst II had dono that direction II had also
given warning In another, as showing what tney
could not do as well as what they could do
He pointed out the drawbacks Of the Monitor,
and what England doing with iron ships and said
that tenders had been sent out for the construction or
ship on Captain Coles principle. He questioned the ex
pediency Of entirely negecng forhcatons and favored
both forts and floating batteries He said e gooenme
not to suspending the worhs at Sphead for
time The Defence Committee had been instructed to re-
consider the subec and after Easter he would bring
the whole subject again before the House.
After further debate the resolution amended
to the effect that the House wn at an early day, en-
power the to expend the money voted for
fortcations, &C., onsheahed vessels and then
agreed to.
Preparations had commenced FOR cutting down the
Royal Sovereign, Of tho finest ships in the English
navy from l31 three decker 10 awsvc gun ship,
on Captain Coles plan. The Bulwark ninetyone guns,
was also to be converted into armed plated rigats
Tho Army and Nary Gasc3s observes that there 70
more than the usual element Of uncertainty about the
issue Of the civil In America, ewing to the igno-
rance Of the real capacity Of the South to resist and Of
the capacity Of the North to move. Tho federals will
haveto prove by getting to Richmond that they havea
ouartsrmastcr Generals department, good cOmmissa-
riat and military train.
The ship yorktown, regular packet from London 10
New York, has been captured on her voyage by . re-
bel privatcer.
Great Britain.
Tn fhn TIonso of h = inc
aid notice that he would sos1 sa attention tho
relations with Mexico.
Lord Pamerston announced that Parliament would
adjourn for tho Easter recess the 1h to the 2Sh
Of April.
Mr.. Gladstone made his financial repprt. He stated
that the actual expenditure of the the past
year was 37o s3S 0o0 and the 600 47S show
ing deficit Of 81 16o 900. Ho estimated the revenue
next year at 670,190 600, and the expenditures at
ooo thus showing sm,ll surplus AS regards
changes in dutcssnd taxes the only alteration
qucnce communication of the hop duty, the Of
which is 70 be got IN tho future from beer at
the ratio Of threepence per BARREL instead OF
from tho material. Tho duty ON playing
cards s reduced from shilling throepence Fo-
reign bonds and loans Of all descriptions pay
eighth percent. The other changes are merely modn-
cations of Sunday licenses and the wine duties The
18th Of September s the day fixed for the repeal the
hop duty Mr.. Gladstone in the Of his speech,
adveet 70 the great drawbacks arising from the Amcr
can crisis, which had turned out than anticipated
The Gotten crisis most serious feature England
boSkaoc had Of course, boon expected but it proved
far more rigorous and extended greater line Of
coast than had been anticipated and It's effect had boen
nearly to double the price Of COTTON Tho loss on Amer
trde was great the exports having cn from near.
y twentytwo millions sterling in 1850 to only nine mil
isonsSn 1861 Trade with America according recent
returns was, however, imprSsng
Inahe House Of Lords, the Ath instant the MARQUIS
OF Normandy again recurre the italian grievances
sndAOrd Kinnaird advertsa 10 Russisrvslsnce in Po
l land.
Rsrl Russell gave exra going
anto'tae general question OF $rs two conntres. :.
THE INvAsaoN OF MExICo.
Mr.. Layard said that the government had received
ohsca Information that had been entered
into Between the Commssonofs of the Mixed Powers and
nhe government Of Hexico, end u uS<aat the Britis1
foTrs had been oithdraos from Mxico, except email
bsdy Of men; that not the ntentioof the govern
nient that they should aGesxy part in e xpelion I'M,
the txteror, and they world all brousht home excep
about one hundred, WHO would be. sert there 70,
the performance Of ordinary duties. ALTHOUGH heI
Majestys government did entirely appxove of m In,
articles Of the convention ,ssy approved p it gene rally
Mr. Denman called attention to tho Polish questio n
Lord Palmerston, in respslse reviewed The post ON d
Poland and expressed synprxhy with tho Poles h. Il 70
commanded them to wait patiently, and ktha
the kindly feelings of the Eporor OF Russia would ht,
mat0ly grant their desires The subject was or IL
which England could not Sisely interfere.
Tho budget is generally vory favorably xeccycd san,
although some Of tho conservative ultra liberal hour
naexpFess some dissatisfaction tho gencrl convi ,jor
was tnat no serious oppostNnw be shown toll, It Il
amect universally admitted that the ex sl ing cir, ann
stances would not justify any remission OF tages
prospectus Is issued Of British Column Over AND
Transit Company whose object is estabHh reg, ,;a
transport system for mails and passengers by carts t
relays Of horses, through British territory.
France.
The Aoniter announces that in order to tighten IN
burdens Of the treasury aDd enter forthwith into d.
economy promised in the bmeet, the Emperor has VI
dercd reduction Of 80 900 the effective streng u
OF thesrmy. The dsbandng Of the One Hundred Al ID
First aEd One Hundred and Second infantry scgiments
and tho sale OF 2, 200 horses, ere also ordered.
Gencral Goyon q return frsn Rome was resxrded "a
almost certain.
The fsris Bourse was nrm;e 70f 15c for tho -entes
PARS, April q 1862
The question Of the socety.or ST. vincent do Paul ID
dennitsy settled The coacsssaces OF the soc&aty will
henceSonth DO separate and Aadepcndsnt Of thsentra
tie.
Spain.
| II asserted that span although wishing 80 rs
explanations relative 10 thadoubtful articles tho
treaty rcccxiy concluded bsswoan the Juarez ssvsrn
ment and tina Representatives Of the Allies has ns,asn
| tion Of naaasc treaty.
| MAsfD, April 8. Isa2
II is ociaiy declared that the Spanish eoyerncpen n,
doSa 49,