The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-04-22

eonsSosSu ioSaA Joust petWeeu ErI0 auu sn0
English shareholders Of that company.
The English Budget-shiftins the Money
Burden, but No Great Ease to the
ToiIers.
The Right Honorable Chancellor of the Ex-
chequer Lowe presented the Gladstone budget
to the British House of Commons last Thurs
day night. He commenced his speech ina
mediately after the assemblage of the MEM
bers, and concluded the exhibit yesterday
morning. The legislative attendance was not
numerous. We are astonished at this, as the
financial statement was certainly of q most
important character, and spoken at most
critical moment in the history Of the industrial
interests and monetary progress Of the Old
World. Mr.. Lowe required an exercise of the
most ingenious dexterity Of the Treasury
benches school to render his bill Of particulars
acceptable to the united family Of Mr.. John
Bull. The Chancellor proved that he pos
sesses this happy and most useful, ministerl-
ally speaking, faculty in an eminent degree.
He excited the national fear Of the British
people wholesomely by his allusion to the con-
tinental "war events" which deranged COM
mercial balances to such an extent that
''exact estimates were set at naught." Such q
situation is always saving one for British
Exchequer chancellors, more particularly
when it presents co-existent with the assur-
ance that the homes and flresides of the English
people remain sacred and secure amid the
surrounding turmoil OF, as Mr.. Lowe an-
nounced it, that England cannot be invaded"
The British people are ever willing to pay for
the honorable maintenance Of their indepen-
dence. Chancellor Lowe, consequently, tackled
his ledger facts and hard materialistic revenue
figures as sort Of treasury "rider" to his
patriotic preface and profession. He was very
hopeful in the premises. The revenue re-
sources of the United Kingdom evidence the
greatest elasticity" The cost Of the army
stands out prominently and rather awk-
wardly, as we can observe, particularly
at moment when the whole world is
is sick of war and when the Chancellor him.
self says England cannot be invaded The
British revenue income from customs may be
less during the year, deficiency may, in fact.
be experienced in that department. amounting
to So, 700, 900. 1t is proposed to restore the
taxes on dividends belonging to for.
eigners abroad and to abolish some other
exemptions from taxation, and to impose
duties on legacies and property SUGGESTIONS
proportional to the amounts. These latter
items are quite important to the people of the
United States. The tax on incomes is to
be increased. The home manufactures are
productive. The foreign trade is being ex.
tended. Commercial marine interests are
enlarged and made more profitable in conse-
quence.
Chancellor Lowe borrowed one idea
scintllation of treasury llght-from the gov
eminent system of America. He proposed to
impose tax on lucifer matches, 'resort,"
he said, ''of American origin, and thus con-
cluded his statement amid blaze of brim-
stone glory and burst of hearty laughter,
leaving an excellently good impression, how
ever, to the effect that Mr.. Bull pays as he
goes, possesses energy, industry and perse-
verance, respects the fruits Of honest toll and
the rights Of property, and is ready to defend
his "strong box" against violence or pillage,
no matter from what quarter the assaults may
be attempted This favorable state Of feeling
was no. sufficient to save Mr.. loves new pro-
gramme from very stiff and rather general
opposition. A test division was taken on the
match duty clause of the budget which re7
suited in favor of the government by q ma
jerity of 157, so that Messrs. Gladstone and
Lowe have had triumph both earthly and Al
inferno, and may reasonably feel proud, as ID
the vast power which they invoked In the
lucifer movement.
Neutral Rights at Sea During War-The
Declaration Of Paris Of 1850.
Does a neutral flag cover cargo at sea
In time Of WARP Such is the important sub.
ject which was reopened for debate in the