New-York tribune., 1901-04-20
MANY TRADES DISTURBED.
COAL DUTIES EXCITE WELSH AND Ian
CASHIRE MEMBERS.
EFFECT OF THE BUDGET SPEECH-THE
NEW GALLERY EXHIBITION
THE SHAMROCK

SPEECH-THE
NEW GALLERY EXHIBITION
THE SHAMROCK.
ocopyricht: 1901: BY The New-Yorb Tribune,
GBT CABLE THE TRIBUNE
London. April 20, L a. n.-Primrose Dav finds
no lack Of spring flowers around the statue of
Beaconsfield, but the cold east wind is blowing
across Parliament Square from the Commons
where disastrous financial statement has been
presented from the Treasury Sir William Yer
non HaTcourts forecast that the liabilities Of
the war in South Africa will wipe out the 1000
100000 saved during the seventy years of econ
omy and debt paying has sobered ell comment
upon the Budget. Coal. sugar. tea tobacco and
other trades have ali been disturbed bv Budget
gambling and the final imposition or exemption
from duties. and the Street is forced to face
borrowing OF a large scale by the government
with effects upon consols and all classes of
securities. The Budget proposals will not be
carried without harassing debates. The export
duties coal have greatly excited the Welsh
and Lancashire members and representatives
Of shipping centres. The sugar schedule is in
tricate and not understood by importers and
reiners II is probable that there will be an
academic debate on the proposition for granting
diferential treatment colonial sugars
II is rumored that Mr.. Cham berlain advocated
in the Cabinet some method OF upsetting the
bounties on beet sugar and reviving the cane
interests Of the East and West Indies and
Queensland. and was overruled. This policy
would have caused irritation in Germany and
impaired the good feeling now existing. 1t is
more likely that Mr.. Chamberlain strongly ia
vored the sugar duties and an extension of in
direct taxation on other articles of general con-
sumption. Mr. Chamberlain has considered the
cooperation of England and Germany in China
rot likely TO have proposed diferential treat
rnent against bounty fed sugar.
Sir Michael Hicks Beach has probably
strengthened his position in the Cabinet by the
Budget proposals and thereby rallied the old
Tories This has an important bearing upon
the Cabinet changes certain TO follow the
tirement OF Lord Salisbury which cannot be
long deferred.
II is already clear that one of the weakest
points in the Budget from a political point of
view is the proposed tax upon the exports of
coal Tremendous pressure is being put upon
the Chancellor of the Exchequer TO make him
abandon this tax. and. though he is determined
not 10 give way. it is probable that the govern
rnent may find IT convenient to announce that
existing contracts will be exempted from the
new impost.
The new loan. which is expected to be for
i50000,000 and in the form Of consols will
probably be issued Immediately. About "a to
e415 is spoken of as the issue price.
The South African honors meet with general
approval. There is, however. some feeling that
General Butler has been unnecessarily sighted
and that General Baden-Powen has not been
sufficiently rewarded.
Among the subscriptions received toward the
Queen Victoria memorial fund yesterday were
600 from J. Pierpont Morgan and fl 900 from
j. s. Morgan & Co
The New Gallery will be opened for private
view to-day. The most striking work is Sar-
gents admirable portrait of the Duke of Port
land with two dogs, one playing with his foot
gear and the other caressed by his hand. Sar-
gent also has q hard. uncompromising portrait
Of Mrs. Garrett Anderson dean Of the School Of
Medicine for Women. Mr.. Shannon has two
portrait groups; John Collier d fine likeness of
Rudyard Kipling in a blue suit, hands in
pockets, and Richard Jack digniied If not suf-
icently animated portrait of Lady Jeune.
Watts has four works, with evidence Of declin-
ing powers. the best being contrasted figures Of
Greed and Labor. Dagnan-Bouveret and Ben
jamin Constant have strong portraits in places
Of honor. Alfred Parsons and Alfred East have
the best landscapes, and there is a sketch OF
Mark Twain by Edwin Ward. Burne-Joness
influence has nearly disappeared from the New
Gallery. 1t has become another Academy, with
little unconventional work.
Sir Thomas Lipton's yacht will be launched
at Dumbarton to-day in the presence of large
group Of personal friends The secrets of con-
struction have been well kept. and the witnesses
Of the launch not likely to be much wiser.
There is a growing feeling among yachtsmen
that the Cup races at Sandy Hook under the
present rules encourage the construction Of
yachts Of an extreme type, which are useless
and unseaworthy machines. good for nothing
when the contests have ended. Sir Thomas Lip
tons rare pluck is fully appreciated. l. n. f.
4 TAX ON SACCHARINE.
London. April 20.-It is announced that tax
Of Il oence per ounce will be levied upon