The New York herald., 1866-05-17

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o the coal there contains 70 large an Of aphrs
cite that is not nt for steam or for smelling pay.
nsncs in the ckss production cf coal should bs carried
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Ua0es There win be precisely the reverse OF what We
have all seen taking place a within our smsman inorss
And when rents profits and wages decline what will the
owners doi Those .0Ao reesivs xages fnding as wags
a: ssd s1sss: s sssa sss;'s Pc s ssss 20 "a
dol It appears to me that they cannot migrate. Per-
sonay they may do SO, but that from which they derive
their INN ans vSsh . w
main as q permanent mortgage on the IandA
could convey 10 the House the impression which
the consideration Of this subject makes on my OWE
upon the results arrived at by able and skifu sta
clans who under the authority Of the government have
made inquiries into the matter Mr. Hume estimates
the quantity Of coal in the United Kingdom within 400o
feet Of the surface at 900 million tons He states that
in 1854 the consumption was o. ooo in 1861 waa
So 600 000 Based these numbers the computed m
nual rate OF growth in the consumption Is 81 per cent
Now, not taking 1t at SO much as but taking at ~
per cent this would give the annual consumption IN ISo4
this time, the consumption will have reached 1870 ooe
million tons or greater quantity than an the coa @ sow
Of the surface believe that long before reach thss
consumption the causes will b. found in operation
Jeyons winch %hoss an sas @ sUd h
member for Westminster has quoted, has gone very
fully and carefully into the facts and he holds similar
opinion In respect of coal supply TO that which
have just stated. Honorable members remember the
statement made two by Sir William Armstrong.
Sir John Herschel agreed with Mr. Jeyons, believe
does Dr. Percy also myself have had opportunity
Of communicating with my distinguished friend siT
Roderick Murchson on the subject He for years. has
aud demanding most earnest consideration
Hear hear) In vain would it be to think of stopping
the consumption of coal in this country in vain would
be to think Of diminishing that consumption by the
imposition of tax and it would be more vain st to
think of prohibiting Its expectation. IAN honorable
member expressed dissent am only giving
my own opinion; l shall not enter into thss
remark that even could lint the consumption
Of coal think it is perfectly obvious that canDos
present low prices for an unlimited tme-or say for one
centuries In thcl face of such state Of things
in the future ought 10 make preparations for H. and
the to do that is by using moderate and reasonable
efforts to rid ourselves OF our membranes (Rear,
hear) As those who to come alter may have -
encounter difficulties of which have practical
knowledge ought not to hand down to them in their
worst form difficulties which is in power TO allevi-
ate. l hope that have not been unwittingly
led to prophesy, 10 do anything more than 10 give
such sketches Of the future will appear probable and
present. fair and reasonable claim upon the sttsn-
ton Of prudent men, Regarding the statements
l have made would not say moro than this
The facts which l have lad before the House
grave facts, urgent, indeed, within certain limits Al
though perhaps the proper business these occasions
to announce the financial proposals for the year. did
ght us, actuated as we believed by grave and
reasonable causes To cast our gances into fuury and
endeavor in degree to meet those demands which
might justly be made upon us, that when -
apply ourselves to our arduous tasks-and when say
'we' do not moan the government but honorable
members who now constitute this HOusc-when We have
passed away from active life, those who come after
may have confess that in the provisions made
for own sons we have taken some thought Of them
and that conduc. has not been such TO excite heP
regret o condemnation Cheers
The right honorable gentleman concluded by moving
certain formal resolutions calculated give effect TO the
propositions indicated in the financial statement givoA
above. in a
The English papers generally approve the budget me
London Times remarks that II has other claim ~
attention IL will deserve to be remembered that In
which the duty Of the passing generation to pos.ety N
reference to the national debt first insisted upon By
a Chancellor Of the Exchequer