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Leader (1850-1860), 13th May 1854, Edition 1 of 1, Page unpag., %&fittttl Ttf fftl^ < j^tl^1>b /^J-vlUil HI l|Jt XXswR ¦¦ ¦

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    • %&fittttl Ttf fftl^ < j^tl^1>b /^J-vlUil HI l|Jt XXswR ¦¦ ¦
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      Untitled Article

      ^^ fStSs ^ ssi ^ - gsssid ^ s ^ '' 11010 Sanumrscs " * ^^^^ s ^^^^ o ^ itg ^ n ^^^ . r , , ;

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      $ kbs tf-. tfe Sfcelt .

      Untitled Article

      ,.. -- ¦'""" ** ' ! i ¦ K ¦ ¦ ' - * V ' - < . ( --5 SP ^ c

      Untitled Article

      bonds , which it will be remembered bear an interest of 3 £ per cent ., besides a premium 6 a the prompt payments of the earlier instalments , are now at a premium in the City ; and the new security may be considered to have established itself . , Besides tbi& statement of his pla-as ^ l ^ r . & 3 adstoxeahidvmdi ^ tedhiniselfandhis colleagues fxom maay charges / which had be « a preferred ; against thein . ; ^^ i ^ d ' ^^^ terest on Ex « hVquer-by ^^

      or hare been' disposed of lui ^ atiMf ^ w ^ liisd somewhat conspicuous for seveW ' r ^ lmi ilt ^ ip Adderley hl ^ vaji ^ f ^ avbutlf ^^^ l ^ K : reversal of : i ^' l 3 d ¥ e ? fnitt ^ t ds ^^ JW ^^^ x the OtamgV-ltr ^ .-i terr ^^ of teC ^ e j f Goo ^ Hdpe . ; Tt ^! MSd ^ i ^^ ^ a ^^ im ^ Sl'is ^ tihat ^ iihjtf ; terrii ^ ' nc * t ? b %% i ' colonised , and that the > est poUcv would be c ^<^ a ^| r ^ | g ^^^|^^^ K , ^^^^^ # ^^^^^^^^^^ ; JtWsfflirtlfiOlTf ' ^ Ava aaf ' im « 'df a ^ itdYiW ^ w f ¦ ' - A * t *^ '' ^ Ww ^ '

      mves ^ ltaf % * &&& : m ^ frn # ^«| i tion , ip ^ be ^ l ^ Vb ^ '& ¦^ rea ^ A » o ^ . ^ yare ^ ai ^ i&f / to jbatiVe ^ law . ; Li& M ¥ , ffl $ M ± rickFeel , in the name of Downing-street , justifies the abanddnmcnt . ' It is" one . of those . ' capnCip ^ is changes of policy beyond Ijh 6 border which " haVe more ' than oiice provolced rebellion in Boiijth Africa ,. ' The other tiubject is Mr . SbtWon ' p bill to improve the law relating to friefldly societies .

      Some parts of that bill—especially , an interference with burial societies , in order to , check the crime of murdering children . to obtain the burial allowance—had created great alarm . It does appear that Mr . Sotheron was attempting , legislation which would have inconvenienced luindreds of t ^ wifeasi oT '^ pi ^ : ^^ Wdof ^^^§ - tiona ] cases . ' Biit ihe b 5 U . fe ^ . , ^^ xef ^® r ^ ja select committee , evidehtly ^ with » n idea that it

      will not be adTanced ; fl ^»»|| TO ^ - Several of | % acts relating to friendly jgociMes ^ pire this year ; the , " Home Secretary promises" revision of the whole subject ^ and declares that he , shall legislate himself next session . Thus the measure stands over for more careful re-view , and if the workikig classes bestir themselves , . they may obtain other improvements besides those whicli occur to the minds of middle-class legislators , ' who confound a few murderers with the'millions 6 f the working classes . The progress of suck jmeasureg as the usual bill to authorise dtefoibu / tion ' of prizes <| uTing 1 $ & war , the rejection o ^ bilJki ^^ i i ^ f ^^ SP ^ late the better registration of 3 n € [ dical pjrWstttioners , or Mr . Hume ' s to thr 6 w hustinjge & $ C * penses on the country , are almost nia ^ er ^^ f course . We are beginning , in the view of . fatt c patient members , to en = ter upon this hite period of -the session when bills are . thrown Overboard like bales of spoiled goods .

      TpiNAKGE has bee-ii the leading subject in Par-JD lianxent this week , —the expense of the war , so far as it has gone , and the new taxes devised by-Mr . Gladstone to meet thdse expenses , "the additional estimates for the nav ^ lufmj ^ gd ~ ccr # v nance , " which he produced last week , amouiited tp 6 , O 00 > 0 O 0 / ., and to this sum he adds 85 O , Q 0 OL for ^^^^ , ^^^?^ s ^^ ig ^ which iieprpp ^

      are the following : r-A continuance of the ; di > uble income-tax , which will yield within the current year 8 , 307 * 0001 . ; an addition of \ 6 per cent , to the sugar duties , with some modifications which would relieve at once the consumer and the refiner , and yield 700 , 0007 . ; an additional . la . on spirits in Scotland , and 8 d . on spirits in Ireland , yielding- ' altogether 450 , 0002 . ; and an enhancement of the malt-ta , x from a little more than

      28 . 8 id . to 4 a ., makiag up the total amount required . Independently , however , of mere expenditure and income , the Chancellor of the Exchequer has another important consideration to keep in viewhe has to secure an ample command of cash ; and Mr . Gladstone aims at doing fk % , independently of t £ e 5 $ ftk of ^ Engli ^^^^ -Hifee- .. pTjin ^ j ^ money n ^ erchaiits , who 4 iBl 0 k ^!^ h ; b ' usiness ^^ 4 ^ Q 4 ei '" $ m * $ i it , and prefer to deal in largo loans offering large pirate . Thia ^ y as the Object 6 f His pro posed iflsiio : <^ f Exchequer-bonds ; a plan which l& now

      somewjhtit modified , v It appears from hast statement that four-fifths of the tenders sent in were within a very smalfl fraction / of his own sealed price , but they scarcely exceeded 1 , 300 * 0001 . in amount . After the price was stated , more subscriptions came in ; but still they fell somewhat short of the 2 , 000 , 000 / . for bonds U A . " The reasons are two-fold— -in the first place , the jealousy of the contracting class ,

      which has sought to" throw cold water upon the plan ; and J ^ cM ^ g ^^^ l B ^ of information in the public , 'wBlo * aro ^ WRVl ^ pcejat > a ti ^^ Si ingly convenient ani safe fornfWf i % estmeri ^ l ^ they should betray ignorance and make mistakes . The repeated , explanations on this subject-, however ; will contribute to strengthen the public confidence . Mr . Gladstone still wants the remaining ^ ur ti ail ^ Qn ^ of the six , aridlie took authority from ^« piaiwenj ^^ rajse that Amount in Exdfc-equerbius . oi bonds . Irf the rndbn ^ fcae the

      Exckequerlower ^ thevpremium oa tho » e ^ uHties-a prcniituninwhichthepublic ^ asnai ^ er ^ t-oncltlra ^ ^ was . enable ^ to ^ reUetF ^ f i ^ t ^ r ^ et pf ' a considerable proportion left floating by iispredecessors , hj buying in . I | e explained the distinction ber tvreen his advance of cash frdni the public on Exchequer-boads , and permanent loans . He showed that he had never been * ' borro > ring money * ' from the Bank , except when he had lbdged in that establishment a farmer amount of money than that borrowed . He showed that there has been no

      dispute between himself and the Bank . He proved that he had not , as . some of his critics said , abandoned revenue , but that entering office after Mr . Disraeli , he found a de 6 ciency throughthebreak do-vra of the income-tax ; and he had restored the balance of income over expenditure . He had met his claims for war by raising income to the level of expenditure , aiid he ha <| doiiie so v ^ hout disturbing the public credit , without tl | rowing new taxe ^ upon industry , or impeding tljiei operations of commerce .

      Besides an ordinary "budget , Hf . Grladstone ' s speech constituted an ample vindication of himself as manager of the finance , an explanation on the conduct of finance , in many respects not well understood by the public , and , in short , sucn an account as the Minister of a free country ouglit to give to the public as well as to tie Parliament . It has had a great Parliamentary success , and it has had a success Out of doors , even in that place where narrow-minded " practioal" men with salfish objects to serve have been endeavouring

      | prove h priori— for there is no A priori casuist like your * ' practical man "—that so accomplished PSMmh-imilded a gentleman as Mr . Gladstone tfotua ^ nb ^ D © a good man of business . The pulse of thO commercial world , however , responds to the chord which hx > , > h . as . touched ; and after he had explained hia measures , showing that they were financially as sound as the public revenue or the commerce of the country , the funds rose . Among the many other measures before Parliament which have made more or less progress ,

      Untitled Article

      - VOL . V . No . 216 . ] SATURDAY , MAT 13 , 1854 . . \ : ¦ : ; '¦ . ' : M ^^ Su 6 S ^^

      Untitled Article

      NEWS OF THE WEEK- ~«* ^ ^^ JfSS ^^ Brttle ....... 4 W S THE ARTS-¦ ¦ ••• . ¦ > V . » . a Dermco . ' ................... 4 * 0 Education r . 4 is - ¦ ^ r . . . g wliatoent of the W « ek ........... 4 S 4 - i ^^^ k ^ iW ^ ik ^^ ' ' ''" IS Jk \ St ^ ge ^ inP ^ i& ^ 6 nt ' ::: 4 iA The Eoyal Academy . ^ . ^ Z ^ M « Befornuof tho Corpomtlpa of the Pflwstft ana Conneromud 419 i iTPBATiiii » r ..- ¦¦ - ¦ - - - ¦ -- ^ ¦' - ' - ^ ' " - """ wr " ' OitvO ? IiOlldoil " ' " ' "" 4 SH ' ' ' mi utniuhiei ¦ _ __ ... -- L —™^—•« 1 J ^ SJSBSnfffS ^^ SI P T < S ^" s » I * IemanM ! . jB ^ SSBSrSTB-LSSS « " Wr ^ ffij ^ g ^ ^ B ^ ... « : * $ & ^ :. ^^ . * Z ' m i&gbr&eiSB&sas- " « S . ^ -af » s ^ aisr . ^ == r 1 ^ smmbiii ^ ai ^ ¦ , ..,: ¦ .. \ : ' iaasns £ issaess ; . A . x ^ s ^^ . ^ .. ^ ^ ^ . ^^ s ^ i ^ ,-.....,...... « t - ^ gtte ^***^* - ; -i ^

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      Horace M * tatistics - _ >; * ¦ . . ¦ ¦ - ^ , - - ^ ^ ¦ " ~ " ¦ ' ¦¦ ' . ' ¦ ' ¦ -- ¦ . , ¦ { 3 / 0 ntvtit £ * ¦ . ¦ ' ' ¦ . ' ¦ ' ¦ " ¦ ¦

  • Citation
    • Leader (1850-1860), May 13, 1854, page unpag., in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/vm2-ncseproduct2038/page/1/