11 MARCH 1854, page 13

Topics Of The Day.

THE TWO FLAGS. "IT is best," says Mrs. Malaprop, "to begin with a little aver- sion"; and from an nn pleasing commencement it would appear as if France and England were about to......

War Expenditure And Commercial Development.

Vsnsors historical parallels have been drawn to illustrate the pe- culiar position of our present Chancellor of the Exchequer in pro- posing his first war budget,—parallels......