The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-04-15
Heavy Deficit Last Year, Notwith-
Were in Excess of Estimates.
INCOME TAX TO BE INCREASED
AND THE BREAD OF THE POOR MAN
TO BE RAISED IN PRICE.
Import Duty of Five Pence Per 112
Three Pence on All Grains.

LONDON. April H.-Not for many years
has Great Britain's financial programme
been awaited with such interest as that
which attached to this years announce
ment, and there is no doubt that all the
proposals contained in the budget given
out to-day by Sir Michael Beach,
the chancellor of the exchequer, will be
adopted. II is equally certain, however
that none of the proposals will meet with
the unanimous approval of either side of
the House. More important perhaps than
the curious forms of the new taxation is
the statement made by the chancellor of
the excheQuer that the government had
acceded to the Boer demand concerning the
restocking of farms.
Al late hour tonight il is learned on
excellent authority that the principal pro-
vision of the budget, namely. the treasury
loan of e32,0o0OOO, on which Sir Michael
Hicks-Beach was remarkably reticent, has
a serious bearing upon the peace question
There appears to be a very strong belief
in the Cabinet that, owing to the expected
early termination of the war, the G32 OOOO 900
will never be needed. When that section of
the budget gets to the committee stage
the peace negotia tions probably will have
reached such shape that Sir Michael Hicks
Beach will be able to announce a diminu-
tion of to-day's estimate. In any case, this
loan probably will be called up in small
nstallments only.
The failure to explain this important
point is taken in the House of Commons
to indicate that the government has strong
hopes of a speedy issue of the negotiations
now progressing at Pretoria between the
Boer leaders, although it wishes to impress
the world in genera, and the Beers in par
ticular of its ability and determination
TO push the war to finish should the Brit
ish terms of peace be refused.
Sir Michael Hicks-Beach is seldom dra-
matte, but when ne referred to-day to the
governments intention to restock the Boer
as well as the colonial farms his voice rose
To an eloquent pitch His gesture as he
spoke in praise of the valor of the Beers
and expressed his hopes for subsequent
friendship between Briton and Boer took
the house with him, and the cheers es-
pecially from the opposition. prevented the
speaker from continuing his speech for
some moments. During this pause the chan
cellor of the excheouer turned toward Mr..
Chamberlain, the colonial secretary. who
sat pale and motionless, palpabIy none too
pleased at this official recantation of his
unconditional surrender formula.
INDIVIDUAL VIEWS
The opinions gathered in interviews with
members of the House of Commons indi-
cate the existence of a considerable diver
gence OF ideas with regard 10 the new taxa
tion, which, although comparatively unim-
portant in the revenue 1t will yield, affects
important economic principles which have
hitherto been held rather sacred by certain
schools of English politicians
Sir Charles Dixie voiced the opinion of
many of these when he said: THE budget
is a reversiOn to protectionist principles,
and, although only trivially so, l shall op-
pose 1t on those grounds"
John Redmond said: II can only speak
from the Irish point OF view. We regard
the whole thing as a war tax. and Ireland
has never approved OF the war. We shall