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

this country for exports 20 France beyond what wou
have been recci, ed that treaty had not been entered
districts for the sustained by them throughth the.
eis.... war IN Amsric,.
Earl GREY said-with regard 10 the preparations -
America. he believed that that measure OF prue
daIce, ard wise expenditure OF money. lie WIS Isr-
euaded that IN the r. oss prep ira aside at haf tins
for pos Die host tss n oopny ed lis esccre rom ne
graz calIsitg of being nrired ~ II was absolup1
necessary that the arm ard navy Of this conuuy
sho "a DC MAINTAINS IN elcie, sta:e and adeq ats
should b. made for defence Ia case Of war,
ne believed that WITH proper that mlPhs
be done much less than the pre- eni cost After tho
lAinen,abe failure which marAed the c"inmenceinehs
OF tie Russian war; owing 10 tue want OF goo msnnge
ment and flores ght II OIL that there had arisen
tendency 10 excess the other side and TINT thefG
now disposition, in the main enance OF ooth inc
and navy, to run 10 great exphse ~ the ena'.e
to vc everything OF more per ect character thaS
as actually required.
The Duke Of ARsy r. defending tho Chancellor o. tne
Evch qner sal The de icit ~ last year ~ 80 NANNY
from sources. tho failure Of certain branches oy
tr de- and the large preparati n winch was mans 20
meet the possible event OF wa. I've did not apenep%
IL could have supi sed iha Nr. Gladstone coia
hive the Of Captain vi kas or the outbreak
of war in America Such elnergene II impossibs
rovide agasx. Then, 70 tho sation Of "spend-
thrift" expenditure h onnard,d that every remis'oH
az "a es made by NJ Gladstone had fulfilled every pro-
mise that right honorable gentleman Ind made for IT,
ard win ara g. the French treaty. u had NOT only
been useful in placing our relations with France on
more "a isscorv footing, but Ind given stimulus 10
trade IN M nlfacturing districts, and In some IN"
stances hal been The ouly snbst u for that employ
which had lesSnned tns sun fnRA OrCtsOheu W
manufacturing eon'e nv the amer can war.
The Earl OF Drpry said hat The ID ect Of the Discus
$40 to cast blame unn this or thai government
but bring clearly and Distinctly h.Ore Pari ment anc
the country the seriovs nay, alarming condition o
which, nv some persons or bv some means, the rnoiS
had IN naced. The Chancellor OF the Exche~
quer mser had admit ell that tie nances OF the coun'
try "a an tnhealfhv Onf irl. and his berg so
surely the orirhire pe foctv right In cnnsids inf
thu Of thts state thing and enjevoring 20 hno
n roipedy. Tie noble Fin Y in aiusion TO what had 70
cen'ly passed in another pace, urged ina. ~ y
MIR. hisraeli had only intended 10 anlmadyere
on the excessive dime Of European
armamcnts generally and BY no means u recommcno
such reduction # own as 10 rntaoser the defence
of the contry He satd the note Duke asks how INC
chacelir Of The Exchalner VII a. srs1 list year oi
email surplus OF somc tio0a could have toreseerA
the events which have sincs occurred Wen whA' are
sho-o evenist Taey are the civil wa raging IN ths
INIT tsfes. the consequent rpi IL orr trade ana the
necessity crea;c d for 81 part. ast the
If The Americans shor' he turned Against onr.
solve which involved sn exnendn re II 81 coo O00A
When the budget was hr ig Cor yard last the crs
Gums ayccs VI M ntrv such that although MI.
adst'ne might no. have {, eseen 'hs whole OK
been consrios that II season when u was roo
merely hphy probable. hrt almost ce' tain that there
word DO additional expense for which u was ms
daty 10 mako provision rIcar har.) He did not do
49, md the result of the bdgets for the last two yeare
has b. en- ore h's attempted - deny dcnct o.
Eqri Nord jon) RrssErL the OF his spcechs
saiwith regard n another gres' head OF expenditure
ring tho az the ras; year am sure every one
would have pmed the vcrnmontif had not sent SUI.
hcient 70 Canan the time Sicr hosttes mRh0
have bi oxen though nobody conld very well have
r esesa thu American csptsn would have acted ~
his own government Thought, In so outrage uG
and ndsrcusibic . manner mr. The commander
If the ship that boarded the Trent These srss
things that would defeat any calculations. anG
tho Chancellor II the EXcheg'er. think,
would haze with very ~ grace before the H"sss
IF Commons ST he ha said noble friend on the CROSS
benches seemsi 10 think ought 70 have done, The
state sc IN ore l. much perplsxed war Ia going
on In America, pnh man can sly what NAV be thes
p-clences: give - 900 eco Of taxes in order tha0
be able ~ meet any emergency" The H use OK
Commons might sav-irodaCe the evidence OF danger |;
show som-hn which requires this Increase Of tax,
atom hut I'll hat done VIII rot give to your
tha reso rccs The rso,Ie. clear h~ar) am con-
WINGED that the policy which The present governments
has fol- we'd hss be which far from tendig To-
4 &c nts. las fenced 10 keen them within
moderate bounds. tflcar, hsr.) The fsIicV has
ben. in ~ fist pors. Of non n'eyventsos
IN the dmsI Affairs IT fss<v rana,rie. Can
any say that ts aggressive locy: that II VIC
had prep sod "a Interfere either behalf OF the'
snvera gns. OF the natl ms which depcsed IN so
eigns. shnrld Mt have ben more likely To In
yolve selves In all evcrts in prrraracn for
war, than been while eully ersing to inter-
rere In he concerns u those countrseS (ear hear
TIE OF e- pr ncie which have ke s'cadi In view
/. hat shaai'f al,dDs he 6d nence ar
n,re: tha d. far he 1fuNae1 IF Esyof~ 0nd
for he a'r nor The ro ~ hat dch inter nd nj iona
al nf is friri.sce and It's
rnso., f that, again, no, nrtpcile That tends to-
II is hit - Ills tn and 10 the pressrva
ton " he rights n every nation by oher Countries