The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1870-05-07

DIOAt- hillllAo tui CoillIOuplc 4 'lS
New YcRk. April 1.-THE interest in the
Mcfarland trial reached a pitch OF intensity on
. g iav. rarely. - cvnr before, witnessed
r -.r.ar .sa-... Ii..-1 the rain came
''
....u. .. ..l. cool.
out ,io anal.
Of Mrs. korto r .UraHaI. ... ...... ODD.
now took her .a.r 1871. ...... rr
the proceedings OF the trIal TO the heUotou,ou.
The PaciGc Telegraph.
WASHINGTON, April IA memorial Of Cyrus
W. Field will be presented TO Congress tomorrow,
expressing his desire to undertake the laying Of "A
Geographic cable between America and Asia.
Eighty-ive hundred miles of cable will be required
for the purpose. The bill which accompanies the
memorial proposes 10 incorporate a company with
ten millions all paid up, within a year from the
organization upon the completion Of the cable
within five years thereafter the company TO receive
- acres of public lands in full property, with
the right TO select the lands. Naval vessels are 10
make the necessary surveys and sOundings. As a
guarantee of good faith a deposit is required 10 be
made with the Secretary of the Treasury of bonds
to the amount OF one hundred thousand dollars.
In the House. Mr.. Dawes presented the memorial
of Cyrus W. Field for aid in the construction Of
the submarine telegraph between America and
Asia, with a bill for that purpose which he asked
to be referred TO the Committee on Foreign Rela-
tons. Referred TO the Committee on Public Lands.
Mr.. Sumner introduced a bill to incorporate the
Pacific Submarine Telegraph Company, and 10
facilitate telcgraphic communication between
America and Asia. Referred to the Committee on
Foreign Relations and ordered printed.
European.
LONDON, April Photographic service with In
dia, rid Suez and Bombay direct by cables, prom
ises TO meet the expectations Of the most sanguine.
Messages are coming through promptly. Messages
of ten words between New York and Bombay and
India: cost only $l73 in gold.
LONDON, April s-The House Of Commons con-
tinued to consider the Irish Land Bill in Commit
tee. Mr.. Kavanaugh moved 10 strike out the clause
granting elOO out of the damages to tenants for
loss OF holding.
LONDON, April 1.-THE Commons had a special
sitting to-day, when Lowe, Chancellor of the Ex-
%chequer, submitted his annual budget. He makes
the most satisfactory exhibit Of the financial condi-
ton Of the Government.
lie shows that the total amount received from
all sources during the fiscal year ending March,
1870, was e75, 3zi, 600, and exceeded the estimate
by 81, Sl9, 900. OF the total receipts, customs pro-
duced Ell ,G23 900 against G2l $50 900 estimated
The excise was Ell 10000, against e20, 000,0 900
estimated. The taxes were ga. 5000 being the
amount estimated and the income tax was EIO,-
044, 900, against 80, $50, 900 estimated. The method
of collecting the taxes yielded Gl, 1874 600 more
than anticipated.
The total expenses Of the fiscal year were EG7.-
OG4. 000, against an estimate Of gGS.4OS 900.
The estimate for payment OF interest of the debt
fell short G35O,000 Of the amount required.
The expenses Of the army and navy underTan
the estimate.
The surplus realized was 1870. 600, Of which
81, 100000 has been expended in paying the debt
for the Abyssinisn colonization.
The expenditures for the current fiscal year,
ending March, are estimated by Lowe at G7,ll3,-
900, which he said falls eIl.730,0OO below the
total amount of the grants for the past year.
Mr.. Lowe said the budget proposed to abolish
the game business and TO impose 81 duty on fire.
arms. This change was expected to result in
doubling the revenue from this source, which was
amended last year TO El6O, 600.
He also proposed that savings bank stocks be
turned into terminable annuities. The malt tax IN
untouched. Beer is left tax free. Farmers arc
allowed to steep their own barley.
a decline in the revenue from sugar is noticed
also in the revenue on foreign liquors and wines;
also an increase in the revenue from tobacco.
Gl2l 900 and on tea. e55 900, on lower marked
to free breakfast tea was still impossible. in view
Of the size Of that department. lie was prepared
to remit the tax on soap and paper Ito equalize
the duties on English and foreign bills TO abolish
the newspaper stamp to reduce newspaper post
age to h%alf-price for six pence. lie ommen
that the income tax be reduced 10 four pence, and
that sugar be relieved Of half the duty now i'm
posed.
These. with como minor suggestions in favor OF
the agricultural interest, are mainly 10 reduce the
surplus 1896. 900.
Mr.. Lowe closed his explanation OF the budget
with a motion that the duty on sugar be reduced
one-half.
Messrs. Forthay. Crawford and others spoke on
the budget, taking different views.
Mr.. White complained OF retaining any duty on
sugar.
Mr.. Hunt. former Chancellor of the Excheauer.
felicitated Mr.. Lowe on the fact that be bad fol-
lowed him in a happy time, and under suspicious
circumstances, when the Abyssinian war was ended
and the expenses for military aud naval improve
ments were freely reduced.
Mr.. Smith, member from Stockport, eulogized
the efforts of America to reduce her debt, and
urged imitation of her example.
LONDON, April l2.-In the House Of Commons.
Mr.. Gladstone moved, in rising, that the House adj.
journ until the 18th.
Mr.. Bruce, the Home Secretary, said the Govern.
ment was earnestly working to introduce @ bill
providing for a complete licensing system, which
ne hoped the House would be ready to pass soon
after the holidays.
The HOWE adjourned till after the holidays.
PARIS, April lO--The Emperor having refused to
make any concession relative TO the plebiscitum.
Buffet. Minister OF Finance, has rendered bis resig-
nation. No other Minister has yet resigned, but
further changes are rumored.
The newspaper organs Of the Left Centre express
dissatisfaction with the ministry. II is said their
party in the Corps Legislatif will not support IL.
The refusal Of the Emperor 10 yield to the de-
mands of Buffet and his friends is considered Il
victory for Rouher.
PARIS. April I2.-Several Carlist chiettans have
succeeded in entering Spain. News of fresh insur-
rectiOns is looked for.
The answer of Count Daru TO Cardinal Anto-
nelli's note is expected to reach Rome tomorrow.
The Pope of Rome has decided to forbid clergy
men in Spain from taking the oath TO the new
Constitution.
Efforts were made to-day to persuade the Empe-
ror to make some concessions in regard to tho pie
biscitum, but they met with no success.
The resignation of Daru is certain.
The Emperor has appointed a Commission to
consider the political status OF the ocean telegraph
cables, and report what, II any, obstacles there may
he to their absolute neutrality.