betrayed, and an article published in The Times at 5
a.m. told the world all •Mr. Gladstone had to tell twelve hours later. From the character of the budget- no harm was in this e Ise done, but suppose the reductions had been on tobacco, or wine, or spirits, or stgar, and that any accident had .delayed Mr. Gladstone's expo- sition, millions of property would have remained practically un- saleable. Even in twelve hours dozens of speculators who hap- pened to believe The Times might ruin other dozens who believed that Cabinet secrets were always kept.