The Portland daily press., 1874-04-24
FOR Il / q N.
Famine.
CoNsTANTINoPLE, April pa famine pre-
walls in Anatria

Famine.
CoNsTANTINoPLE, April pa famine. pre-.
walls in Anatria
What the English People Say.
LONDON April 23-Only one opinion pre-.
walls in monied classes, namely. that President
Grants veto of the finance bill will act bene-
ficially on American credit. Any other course
would have been fatal
The Herald correspondent has seen nearly n II
the prominent bankers, bullion dealers, brok-
erS and largest investors and thew unanimons
ly applaud the Presidents action.
Many persons felt confident that President
Grant would show pluck. Initiation is gener-
ally considered violation of principle 1t
would Indefinitely postpone the resumption of
specie payments, act iuiuriously on the present
investment and lead to total cessation of
further purchase of American securities on
European account. The response to the veto
will soon be manifested in increased invest
mentS therein.
prevents an immediate rise in prices which is
to be expected in view of the removal of the
feeling of apprehension which prevailed when
the financial bill passed.
How il is Received i'm France.
A correspondent of the Herald at Paris re-
ports that the veto message was extremely well
received by the French financiers bankers and
merchants. All believe it the best thing done
since the capture of Richmond. The capital
lists there dreaded the increase of paper money.
NOW confidence is restored and speedy return
to specie payments is expected.
The Herald correspondent at Frankfort re-
echoes the reports from other quarters of the
excellent impression made by the veto, which
is OF vast Importance in allaying the fears of
constant expansion and points out the only
cial basis
Duties ON Sugar Abolished.
LONDON, April 23.-The bill abolishing sugar
duties from May LIST has finally passed the
Ho use of Commons.
Proceedings i'm Parliament.
the House of Commons to-day Dsraeli
stated that the minister had advised the Queen
to confer mark of distinction upon Captain
Glover for his services in the Ashautee var
Gladstone, in speecq reviewing the budget,
SAID he regarded the reduction Of a penny in
the income tax an important step tow ard the
abolition of the tax. He approved the removal
OF the duties on sugar, but opposed the aboli-
method proposed for the relief of local taxation
because the question next year would be preju-
diced by this years legislation. He generally
congratulated Sir Stafford Northcote, Chancei-
lor of the Exchequer, on the favorable exhibit
of the finances he has been enabled to lay be-
fore the House.
Got Their Backs On.
HALIFAX, April 23-In the House of Assem-
bly, last evening, Mr.. Holmes of Pctou called
attention to the fact that while the United
States charged duty on our coal, the Dominion
admitted American coal duty free, and argued
that this was operating injurlously to Nova
Scotia interests He moved a resolution that
the Canadian government impose equal duties
on American coal to that imposed by the Unit.
ed States on Nova Scotia coal, and that Nova
Scotia communicate this resolution to the gov
eminent at Ottawa.
AT the request of the Provincial Secretary,
the resolution was allowed to lie over
The Dominion Parliament.
OTTAWA, Ont, April 20. = Mr. Mckenzie
said last night in Parliament that the Govern
ment did not intend to take charge of the tele-
graph lines
The bill to regulate construction and main
tenance of marine electric telegraphs, the
main object of which is to prevent any COM
pany from possessing monopoly of landing
cables at New Foundland, was read third
time.
During discussion on the militia Mckenzie
said the Government intended to place the
whole force under the control of the Major
General of the British army, to have it less
numerous on paper but better paid and organ
lied, and to establish Military College, on tina
West Point plan, for the thorough training Of
officers. The vote for the military bill was
carried.