National Republican., 1880-03-12
THE STORY OF THE CABLE.
Minister LoweIl's Arrival at 81.
James.
The british Budget Presented to tho Com
mous-Heavy Denolt In the Revenuos-
Cost OF the Zulu wnr--Mr. Glad
stones Address--A Severe Crit.
ioism OF tho Ministry
A Royal BotrothAl,

Minister Lowell Presents His Credentials.
LONDON, March i2.--Mr. lowell the Minis-
ter Of the United States, presented his Gro
dontials TO tho Queen at Buckingham Palace
yesterday.
LONDON, March Ii..--In the House Of Com.
mons to-day the Chancellor of the Exchcqusr
introduced the budget showing that the
revenue this year yields %, 1876 900 less than
estimated, leaving deficit of e, $4,000
The supplementary estimates he said would
have further Increased tho deficit to about
45000,00O if all the money asked for under
the estimates had boen spont, but contrary 10
expectation ID was more than covered by
savings IN other branches Of roxpen lilures, and
the deficiency Is only G3,340,00O. The cost Of
the Zulu war was e5.l3S000, nearly all of
which had boen dcfrayed by England.
TnS ESTIMATES ron NEXT YEAR
are ~ follows Expenditures, s5l, ,4s5, 900;
revenue, GSI 100000. The Chancellor of the
Exchequer thus estimated the surplus for tho
yeais 1850 81 at E75,OO0, but he proposes to
alter tho probate aud administrative
duties in manner which will Increase
the surplus TO Ell 500, and also proposes
to make tho cooperative stores liable
to the income tar, though the exemption OF
industrial and ptovident societies will bo con-
tinued.
Eight millions IN exchoquer bonds are now
out E6,OO0,000 Of these viii he converted into
terminublo annuitles, tho last annuity ter.
minating iu 1885. or the yearly fund ncGes.
sary for tho payment Of these annuities, Gl,-
1000 will DO raised by new sinking fund
and fSOOOOO by increasing tho permanent
charge OF the debt. This will absorb the lu-
creased surplus OF $4,000 and the proceeds OF
the income tax on the cooperative stores leay.
lug surplus of ll7S,000
Tne Chancellor of tho Exchequor In his
speech explaiulmg tho budget in detail stated
that US ho was obliged, iu consequence of tho
early dissolution of Parliament, to present.
the budget before the close of the financial
year, be had taken great pains TO make tho
estimates for tho unexDlrcd portion cautious
and safe. Tho G5O,0O0000 OF exchcquor bonds
were Issued on account of the expenditure for
preparation during tho Eastern excitement
nnd the cost oil tho Zulu war. Ho had no In
tention TO sabmit vDto for contribution
from this country toward meeting the ex-
penses OF the Afghan war. In conclusion, he
declared that the result OF six years tenure of
office by the present government would bn .
reduction of the funded debt by $50, ,3i2 900.
Gladstone Arrsigns tho Ministry.
LONDON, March ll.-!rhu Right Hon. Will
lam l.. Gladstone has issued addresses To the
electors Of Midlothian. lie says in an
electionoering address Issued by Lord Bcacons-
field. An attempt Is made TO work upon our
fears by dark illusions to The repeal Of tho
union aud abandonment of the colonies.
Those who endangered the union with Ire
land were the party that maintained there an
alien church, an unjust land law and fran
ChiseH Inferior TO ours. AS to tho colonies
Liberal administrations gave them pop
ular aud responsible governnlent under
took to defend Canada with the whole
strength OF the Empire, and organized
the great scheme for uniting the SOW
oral settlements OF British North Amer
lea into one dominion. Tho present Ministry
have neglected homo legislation, aggravated
public distress by continued shocks 70 conf.
dence and augmented public expenditure aud
taxation. Abroad the Ministry have Cndan-
gered their prerogative by gross misuse, weak.
eued tho Empire by needless wars dishonor0d
IL In the oyos of Europe by tichug Cyprus
from the Porte under u ClaudGstina treaty,
agyrandized Russia, lured Turkey to dismom.
bormont and ruin, and loaded India with an
nujustifable war; Tho Ministry have done
nothing to improve our social condition. You
are promised tho advantages of asCouduncy in
the councils Of Europe. The word ascendlnoy
is best known to us by its banoful connection
with the history of Ireland. l must assert tho
cOequal rights OF independent allied powers,
but in the mouth of the present Ministry the
claim is ridiculous, You have great issues
before you. and do not donbt that the Mid
Lothian viii nobly discharge its duty"
n Royal BetrotlIai.
LONDON, March I2.-rhe NeUS has tho fol-
IRNV eli - la.