Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-04-19
IMMENSE COST
OF The BoER WAR
It May Yet Exceed Two Hundred
Million Pounds,
COMMENTS ON THE BUDGET.
Redmond's Regarded Judicious 80
Times rbinks Proposals Fairly
Satisfactory.


the Tribune from London says.
Mr. Redmonds comment on the
speech, mo Mafeking now was, per-
haps. the most iudiclous reflection
which found expression from a crowd
ed house. Sir Michael Hicks Beach made
most depressing speech, which sob
cred both sides Of the commons. The
cost of the war, the magnitude Of the
deficit and the extent TO which recourse
must be had TO borrowing powers were
on larger scale than had been ex-
pected, and the new burdens Of taxa
tons were more serious. The estimate
of fliS,5OOO0O as the net cost Of the
war would have staggered the taxpay-
ers even II the end Of the military OBJ
erations had been in sight, but with the
resources Of guerrilla warfare appar-
emily inexhaustible. there was a general
conviction with the commons that It
might exceed E2OG,0O0 QUO before a set.
Element could be reached The perma-
nent debt, already increased. would be
enlarged by eGO,O0OO00 with a suspen-
sion OF all arrangements for a sinking
fund Consumers Of beer, spirits, to-
bacco and tea were spared further
increase Of taxation because the limit
Of profitable revenue had been APP
preached, but Gill; 100 was estimated
as the outcome Of increased taxation,
with exported coal. The main burdens
will be IA pence instead of a shilling
on incomes, the duties on sugar, aver
aging half penny on the pound to
consumers and the export duty on coal,
which constitutes IL per cent of the ex-
port trade Of the United Kingdom.
A crowded house heard this speech
with mingled feelings of dismay and
satisfaction. Many conservatives
would have been better pleased If the
sugar duties had been doubled and the
two pence dropped from the income
tax, The liberals would have been de-
lighted, from a party point Of view, II
the area Of indirect taxation had been
widened by duties on corn and manu-
featured goods, so that there could
have been grand rally In defense Of
the free trade. As II was Sir William
Harcourt was enabled to make
strong protest Of a revival of anti
quated export duties which would en-
barrass the shipping interests and also
against reputation of the tariff poll
cies Of Peel and Gladstone.
There was general satisfaction over
the miscalculation Of a large number
Of budget gamblers in tea and tobac-
co. Many importers had been warned
by treasury inquiries respecting sugar
classification and polarizing methods
and had been allowed TO overstock the
market and make half penny on every
pound consumed for the greater part
OF the year.
There was intense excitement in the
galleries and Hobbies, and the impress
sion prevailed that the wedge would be
driven into the free trade tree. and that
II would never come out but would be
hammered further in another year.
On the whole, the budget proposals
have been fairly well received by the
newspapers, The coal duty has al
ready caused CONSERVATION among coal
owners and shippers. The shipments
from Newport, Wales, amount to 3,000,-
900 tons annually, and the proposed tax
will, II is estimated, result in a loss
organized effort will be made to bring
pressure on the government to drop
the duty but II Is not to be successful,
With regard to the sugar duty there Is
a strong feeling that the colonies ought
to have been granted differential treat
ment.
Although nothing was known in the
business hours on the exchange about
the new loan. fair number of trans
actions took place in 1t half to Is pre-
MUM.
COMMENTS OF LONDON PRESS.
London, April 19.--On the whole the
statement of Sir Michael Hicks Beach,
which was listened to by j. F. Morgan,
among others, from the distinguished
strangers gallery, appears to have
been fairly we'll received, and the chan
celler of the exchequer is generally
congratulated upon just distribution
OF burdens. A heavier addition to the
income tax had been expected, and the
fact that only two pence were added
brought a feeling of relief. The lib
erals In the lobby declared that the
budget proposal afforded them the best
electioneering weapon they had had for
twenty years. one liberal figured out
that the war had cost 1000 for every
BOer Killed.
There is little doubt that In raising
new taxes instead Of increasing old
ones Sir. Michael Hicks Beach has
courageously courted much hostility
and given the liberals an opportunity
to close the ranks and to attack the
government on its financial policy.
Many mlnisterialists are dissatisfied
because the government has failed TO
grant differential treatment TO the
colonies in the sugar tax.
In the course OF an editorial on this
point. the Daily Mail, reproaching the
government with a failure TO show
gratitude 10 Queensland and Natal
saws: "A few words from the chan
cellor OF the exchequer would have up
set the whole bounty system, but they
have not been spoken. On the con-
trary the chancellor OF the excheQuer
appears hopeful Of an increase in
bounties, cheapening sugar OF Great
Britain, but at the same time complet-
ing the ruin OF the colonies. II does
not seem to strike him that an In
finitesima decrease In the price OF
sugar would be miserable compensation
for driving the West Indies into the
American Union"
The coal duty, however, seems TO be
destined 10 exert the keenest oppose
ton, Il has created CONSERVATION In
Wales and the north OF England The
north country exporters 10 the CONT
nent assert that the duty will almost