, 1869-01-18
Distress IN the Manufacturing
Districts.
The London Newspapers and
the New Ministry.


never &ar 4 sT1iable sbous retrcuchncnf
u the part OF the Grown. See
[or = moment what tho case Is:
1ha annual income Of tho United King |
dom derived from the taxes imposed by |
and the Income from es:ates IN |
various parts OF the country called the |
crown lands, IL collected into one fund clned
tho Consolidated Fund. The f1rnt charge
upon this fund Is the payment Of the interest
upon the national debt called the funds,
md up,u the unfunded debt. The Queen
then takos out Of It ecs5,o3o year for The
support ot her household. Bes1des this abe
has large income IRON various estates called
the DuchJ Of Lancaster On the Couson-
dated Fund likewise arc charged the follow
Ing sums allowed 10 members Of the Royal
Family $500 to The Princess Of Prussia,
80, 90 to the Princess Louis Of Hease Darn
stadt, &c, 900 to the Duchess Of Cau bridge,
G6,OU0 to her daughter, the Grand Duchess
Of Mecklenhurg- -strcIitz, 5000 to tic
Princess Mary Of Cambridge, and El2 900 to
thu Duko Of Cambridge. The Prince OF
Wales has an annuity Of E49, 900, payable ont
Of the Consolidated Fund, settled upon him.
&c has also the revenues Of tho Duchy Of
Cornwall, which now amount to more than
G5o, o,tto year, with every prospect Of their
increasing. Tho Princess Of Wales haa set
tied upon her bY Parliament the anunal sum
of 40, ,oU0, to he increased to G3o, ,oo0 IN case
CT widow hood. There Is not much chance
| Of - free bresktast table, with all these
| chkrgss kept up. ........
THE ESnL1su NATIONAL DEBT:
The p1cas IL savage with Mr. Rantef,
| the to cxrsph merchsnt, Tor om!tllng from
| the telegram OF the message 10 Congress all
| mention of the Presidents proposal With
regard to the debt and apfopos Of the sub
jcet many homi,its are rad 70 TIE people Of
| licsn credit. Tho react1onary party hcre
! hope ind p1sJ America Will sepadtstc, md
they a1e perpetuAily predicting that She
viii. u bile thoy arc debating will remind
the reader Of the present position Of the
ua1iok al debt Of the United Kingdom.
s,s,t of sums borrowed b, government to
make mp deficiencies Of revenue. Charles II.
| was The first King Of Great Brstala Who Dor
foEed money on the uatIoua1 credit this
began il 1666. At tha abaicataou Of 5amei
H. III 1sGs the amount Of tie debt vas
E66O,t00. But il WAS bis successor who
cs nblithcd the system. Motey lar beyond
| Thai the o,ditAry rtrenne Of the country
would provide wes required to catry Oh the
stru guile against tho slparts, and loan altel
repaid when the re.ources CT the couutr.
we're In q more fourlsh1ng condition. Sc
. how easy !.ls-ltke "tne letting oat .
Water'-and take the warning. Ministry
s'sr n1'1y now ADDED se.cass 20 ss e. ese' ese'
nou, MOI amount d OF. Of asoo.So, Us, beside. sum sum
! due upou exchcqueF of}ls-promIa.orJ cote
: izeued by the guverumcot for temporary pas
!, poses, which constitute the untunded debt
, FOR the gradual reduction Of tbs principal .
=. the debt, sinking funds vcEe establishes hs1
> b, Sir Robert Halro1c, ard second BY Nj
: Pill. tut The time came when there WAS
> surplus and when new loans were made. Ye
pos4tlvely = fanc&ed surplus Of nearly !
million was applied every yea. as before !
ties on which a 1u&u amount of interest wa
due with enc hand, and contracting fres
, outB upon which she had 10 pay lasRs tatc1
/ eut with the Other. She was in fact 1olloF1nl
: | the example of the 1rtshuan who, tndlu
! the upper part or his bed, cut piece oh Il
. | other end 10 supply the deficiency II
: flpanciers ol the day were deluded By
q tatclna1tng theory that the sinking fund >
d time equ1f. The debt. Or. Price, at whose /
L stlRAtion q second sinking tund Wat csts
e lsted, attempted to proSe this By calculate
Aow many globes OF gold penny inTest
ii compound interest, attho birth Of 1ea
Christ would amount to At the,date Of bis
1eslfeat1on. but to securc the marvellous
L. crease Effected in time " compound intere
! all the rrcceeds muli be <rciaSested y
3. added 70 the capital, not e1pend
~ in income. 4nd this Vas Deyer actua
s s.a done. Experience proved that The syst'
70 Wus fal1acious one and It was discont'nE
% Now nothing hut actual excess OF reTen
60 60. over exnnditurc I. applied tor tho rcducu
,he ol the rational debt. One Of the mcihs
successfully adopted for decrcasinx !
ted amount Of interest paid upon the funds
ort | bcen for the Eovtrnmcat TO ode1-When
-, had i surplus on hand-to redeem sums
pa. IN, 81. ck unless the holders agreed 10 accep
1~ lover ratio upon them, and, ns this WIS P
po4ed II the market price oi tho day, q
We frequently willing TO do 10.
DtsTRE5s IN TA1 1AASpfAETuAiSdp p1aIE1e
short time in Lancashire IVES once The
ror ol the government. The disparity bctN
&c. the earl ipgs Of the working classes and
aat pticc Of their food, which used to Cause vi
IAN families to pass through gradual stafTn
af- and TO rebel, IL not likely to return
..p e ous1feas. 1nc Refossn biii vii DO, and
! r. done much 10 arc1t poll lcal aissur rbaoee.
',ra ,n ftsmcr seasons u pr.rAtion the !nd11ence
III sut,el ICES Of tho operatives induced 4 ST
lies cion In ihc minus Il many Of them
oae their Legislators. their magistrates, i :
employees shq 1ee.f ml1sta 1hu5 ., rea
" ns5e' Id erentess sn' aud We1e a Ia ie. ie.
,s;l. ~ for their prosiraiiou and cnthralment.
j no wonder. Before the frcc tra1e days
a.a pie used to hear In Lancashire OF pgovi
: in. shops where ha'parths Of tea, sugar, bu
arc nud wet -four were sold TO accomoaatc
{ Is fndicxut; of parents sitting IN their clio
: - by ihc flreslde during the whole night
[Ho- se1en weeks together, IN order that tht1 :
x.a bed aud bedding might be reserved for
ii Of use Of their large iamily Of Others slee
aud up.n coId rttstone lur weeks N sh
eav1 t sion. without adequate means Of PROV
con. thetnsesyes with iood or iucl land this Il
sttu4 deuth OF Niu.e1); OF others being comp
lann. Th. 10 takt for days together, nuchecrcd By
.heir ho1e Of better fortune, living, moreoEc
' Aad rather star!ing, 1o crowded sar7st or
,rac4- | cellar. and gradually s1oklnc unae1
nrcseQrc of want and despair lnto a p
ID r. {urr rrsrc, THIS state Of things WAS X
. . .1e I'd dustng the American rebellion ou
'o u cause thsn was 50 patent that the opef
were TOO Wise and tuss 10 resort 70 u
ID. north OF England, and the rcck}essne.s
sprcu1asass ~ho hare brought II ab
loudly condemned ; bat It must be rc
heseo that that very speculation has
..nse the Cause Of high TaRes' Men Who
a uo: every shilling they get, whatever thc1t
ID nit hrs. nrc rs much to blame as the
fnt- Via clpt nsrkets and gamble Ia costo1
e euu ~ TuE rREss AND THE GOVERNMENT
Pact Mr.. Gladbtonc's government y kef
: ~ supposed 70 b. stro1g u a ~ = tpppon Of
u the tort. Tue Tsas1s Vas once great p<
a. nre In. la1 d : but the circulation IS deer
aasa md thc leading articles atc nbout the
r. he nccn. Its conductors appear TO
upon r.aa: one Of ~ The no5;sx hs.t p R'opse e.
.,,,,,, jour1tA n, 80 thai ine po,'sr VI ~
.eo]ssd ~ naper cpes with the a1mtnIst1stlot
'ot H. ns1snf. The editor, i tho .Earsn: MI
EsrI Granville. and would prefer
that elderly noblcman frem1e5, oot
not 70 into opposition. Inc 0asg -. =,
alvnys BE- urging The goyeEEmsht OF
direction Of fsd{caisln, and VIII tusn
nK. ~ i;isdsfonr the moment he comp
Golyrr the f.,btrai programme, Ths 1f!fg
ak and he foremost trumpctcr Of the fTrm
'suteo' con1.lyes at the sasue time not 70 Que!
"a 4cre ! die caa.s ConserSntaTe tendencies.
:rassea. Thpueh The propri.tors sre all Jews, /
more of The sush!ng'' OF the aver
f.. hi KIND 10 tho 7titg,upA thaa In AZ
ID nep- secular paper, aud not uIffequent'y
q Kea sermon Is used !or leading s1'tc
1,,.. - .ho Thornton Hon',l the editor,
,!s.;..s ss'.:n dt,laas' to BE- ~ found s@'
,.ss,I *syn,Se fa1aeIlish .Propresor.: Nr: oeor
sstoa ~ ~ho contributes copions1y to its {
l. Sens. would bettay himself IN tho work,
light, ae- tumpnslllrrs arc usually attribut:s
"1e. Arnold, who, by the way, was lhtelJ
to AZ American lady, The d1ughte
Rev. N. Il. Charming. The 1e.t9ra
a e1?stss Is knid, The Hon. 31r Lswlcy In II
buy. was | and through Lin ob:1Ins tuforn2
loass s:f se;:'f tbs :. Peoples T1[i!am.n The
Swo Ics, ceased to be the organ Of the b
ons oytr. school OF Radlcallsm. md is mo-
'atera1:iou | 1Iiatsterlsl shade. The Morning. +
pas4e.rrr | dentfr in rbn rnArket md tfJrlfuS
OF ENtt's | 49, - sS '.A. sts.- - 80 ~ ~ r
T. A n1p- | tou%eA!cte,ok = PalIuoset ~ G =.
nj bruised | 100 ztalonAlV. IL Is AroFaple, ne
or teuuf | The government. The solo Co
daily paper In London. tho Sal
comparatively an easy part to p!a
tnmefa. eomris,n Of everything.
cAtlan hon An.nH ue 1eekiY pscs.. the Sdturd
liz, from ka. snnts,ss rAn TN tne stream - A. p1
9MaPFnnes W government, hul iii
amer Wesx, ~. ae!t aord hope, hAa IN intcns
MI a1Adseoae, ana ths tone Of