The Express. — London, England, 1852-12-14 00:00:00

"-------- ' to draw in brilliant solemn am areas there was en oression ft — ( ., hear, hair" and laughter)— oft▪ ihreste tends rlicT they found re s didence of 500,0001. between the .. t e mente On this /object hi must my that it",‘' ta thought they ought to limit their attention to 0 , ~, it year. Amongst the items of levies he hued use d ...sysil. oh account of the supposed teviabatios of the Bathe war. On that point he meet my ems word. The iiiiir war would terminate as a war whatever it was the p I littoral Cathcart I. my that it had mama ; but l a it e " slu o i r Lh - ter, the plunder, the espouse, and the name poneequ , nee. of the war could sot be expected to tem& site at ones.. Peace and war were mere tames when they were dealing with a bantam's enemy, whom so faith oeula 1,,,,j, no force swiftly subdue; who ehodedthers whesevre thee attempted to mect him, and returned when they Isnot es•••ctsil him. Ile therefore thought it extremely ~:nude that a portion of the item would yet be demanded. and he, fur one, would never be. here that they were free frost the expendi tan of the fiddle war until they had withdrawn the troops from the colony, with the ese i 3di or as many as might be necessary to delst i axial ...taboo. haute. a liberal supply of arms, and had ceeerel..l to the eoMnists the full roanagemeat of their owe m r,,,,. (t . l..rs ) Ile would sot repay' what had been so wed saw with respect to the Eva-Anion Loan Commission. lie !wooded that matter to this point of Mew—The go- s. mment bad borrowed mosey on Exchequer Bills is order ts lead it est, sad they had lest it out at a profit. hat. sew, was that a legitimate financial operation? ,Ih a. he it) Ile maintained the contrary. (Hear, heal 1. null not b e pottage:lW for an indieiolual, and it coal icy be so for • nation. (Chien.) He would suppom 2 gentleman to be possessed of a large farm, and to base no ready mosey ; he would suppose him ti base an opportuotty of putting one of his nom to great ,Isaulogo i s bualiorsa, but that 3,Uutli. was rsquired foe that purrs,; he would suppose him to have mortgaged his i•tate to the estate of the o,talltl., on the emulttion that hi co, should repay him by instalmerits aceordiog to his ;:s i clay ; and lastly be would suppose the son to have prow Is the world and bi have continued refunding the mosey until be had tetrad the whole. He asked the bouts whether a perm in th it situation, having • landed estate, as they I, it in t h is i ...led, and livi.ou • posterity, as they bad, to pr.-vale foe. s -old be actin.? Es • careful prudent tat& r of a family, in.. he receirel those inn/el/neat, hi spent no m as part at hoots :me; or whelk• r he ought not to carry theni to the orehunt of the moots/au,. t" Hear." and cheerio He trusted that who it the right boa. gentleman the Chan cellor of the Exel.equer roe to answer the right his. gee lemon th• niemoer to the University of Oxford, he would t.on.l.o.rsed to notice that illustration. Ile meat now pass an to the next year; fur in oril• r to estimate this memory they mast - oia their maul, to April, 11)1; they bad to look upon a polootbdiry upon • poen m,ts, • coojettiare upon • conjecture, an estimate upon an intimate, a speculation soon • *omelettes. Sep. peso,: thi y had I,Sieiv,OUtli. in April next, what WO to be the state .of things in Ara', 18i14 1 First, they were to hove • surplus of 10.00,0001. ; and ankle they were satioolited of that, they would be Mem - amble if is the pr. c•nt state of the houses they took one shilling from • moo remunerative ea the malt tax. What was there is toe cm.titatioo idlest house which gale it • prescience aeon' granted teams 1 How could they tell that out of so many ways and mean. none would fail, that amongst so way items of expenditure none would be ex eewise—that there would be no reverse and no change ? What he objected to was treating that as reality which . merely speculation. The surplus spoken of was merely spreshative, and yet it was that the right bun. gest:roan denuded or, to meet the reduction in the malt us. To illustrate the inaulticienee of trio inundation be Would • Oppoae • ease. Suppe., • obit) were to go a voyage awl he to speculate on the protits of the cargo. Ho could inside the skip. although unhappily be eetild not insure the govenneent—(a laugh)—but suppose he had a reasonabl e sate-Talon of pt tit, he might fairiy draw bills in advance agony the cargo, but if in arlditt-m he were term i n i . sh i n sh e MT would return safe, and on her return would proceed en .nether tropism, which could not pnesibly take place moil after the Knot hall brew terminated, should he not, if hr ;cl. Mated en the pronto of that second cargo, be looked larrok as an idle dreamer, loom like Voucher with his boat of glass, than a praetiel finnocier ? (Cheers.) The Croarellor of th.• Exchequer bowl nit soivanced the alighteat rrawn tor expect's., flu. surplus it 1.8•10,000/., further Thom that it was to be in ale up of two probable items. On I..:socium. he calcutettsl for laeia, ',cermet it had existed in lis.;.;, and 100.S11/. from the Ceo3trula of the Kafir war, al:hooch thy had Ward no annowininent of the policy by lii , ran 01 which that happy result was to be brought about. (dear) Such were the two items from which the right Isom gentleman expected his eurplus. and failing which, hew. have a deficit of 1,400,9001. in • year of the highest atonal presperity. (Hear, hear) With respect to the Douse viz, it would ihtlict • peculiar hardship oa his (Mr. Lowe'e) constituent., because in 1841 an set was paned exonerating house property below 101. value annually from a'd taxes whatsoever, and the result hail been enormously to encourage that tacit* of lovesmont. If now this now inducement were ado.ed he fear. 4 that • very extensive oisfranchise meat of the emotitueney would take place. (Hear, hear.) It appeared that in taxes which noiaxly quarrelled with, the tight hon. gentleman took off 1,2110.14114., end that to meet the deceit of toe malt tax, be trusted to the chapter Cl secolcuts. He, for toe, was not satisfied with the neht hon. gentlentau'eargument. lie trite 'evinced that ii the nation did not meet its obligations in a year of onexarah.ed prosperity like the present, it would to at any taste period. (Hear, hear.) If they set the example of laying th e ir hand s on money which they should not touch, if they set the exactople of reducing in • time at prosperity the malt tax when the people were quite of tested to pay it, there would in his 'Onion result IMO gle ton thugs: future parliaments would follow their tennis pie, oe wry would not. If they totlowed mph, they would win to rack sod ruin the finances of the nation, and Imola shipwreck our credit, thus holding us up to the cos tempt of the rest of the wend; if they dad nut, they would held es up to scum and execration aa reckless stewards, and • disgrace to the noose of parliament. (('heers.) Mr. MILLS (who a mks from the ministerial side) To rreon! that he could not cones,; agate with the govern stunt io their plan. The present was • moat unfortunate Lae for ditiblior the house tax ; and he could not concur in that part of the scheme; but the extension of the urea of te, at waaequi.able and Jo.'. lie did not believe that this extension would have the antiripsted effect upon the free. en 10, which he was Inc extending to all nameable livid a. II• aired *re sc.orrostent wool I rrOolroder toe inustarr. Mr. BARS, refeniag to otoory.tioce made by Ite. Lowe, dread that the browses entoyed aay ammeguily s tenet that which belayed to @warier eatergt : :: Cr.lity. It would le. as r.-asonabie to complete Ile i , o.eellor of the Exchequer enjoyed • monnpuff he hal more brains than his collector,. With mad le the muloble rednetico in the pros et Mier, spa the proposed alteration in the malt tan. ha UV tn.t it ought to !Mount to from four Me de a barrel. is pt patios to the quality el the bi t eseeek , (added the hon. gentleman, amidst roan Of Si. a . odes of the house) it would be pate le neat a 1.4*C.1011 in the price of the lila alert —la eia ,„ ;,..,, ale fir example —al in that of a dmieriptios. i he duty us hope was a suourct to width eareeetlycalled the alteration of the government. Ihi wars prepared to tr.. uo half of it, and ho• f 1 ,611/ asked them liar the other. Lord AIiOLIOII Us TANI imegilmeated the Chancellor of the Eulogiser ea his rot,. Iletaperett, and generally defended the propuoitioss of than Wept, and had us health. LAI in supporing both the extends. and the thiphostim in , 4e Loose tax, believing, not only that seek a 11111111116 Wel in.', but that tee combined prepositions of mievermemial would benefit the per of the country. He condemned the az... ,t.eo Ouch certain alwisthers were getting ay, out of • , r., rue. out the house•tes resolution. Mr 1.. I' ahL, alter some gement remarks upon the pre poety rat combining ilidirest with direct taxstioo, went through the various schism mataismid a the budget, is let.,ch he futiud ouch ho ohject to. The house tax was ow left a .ry. sad sot w minted by the nature of the enter itco.y ; the income tax, ni prepaid to be modified, wail full ,t otornelna and somas distinctions; the say og in tea .n. 11.1 lie very {nog is coning, and not worth mach when .o.d come ; mad as for the malt tax, it was the bee , tax we 444, mad it would he moot mamas to 'edam it. Tb, effect is 'lv !mama generally was to eabeettete a real earplug of a ratolOo• anti • half i.ie • imitiens surplus of Iris than half • mnim. He was doaptraimeed altogether in the scheme. Mr. WALPOLE said that they had some important ad lx-ium is the blunt of the debars. (Hear, hear.) They he,: bees declassing the question is llso manner suggested 'iv the nob:, lord the member toe Leedom as s whole, t iken a. s ivied., cad oons.dcred se • whole. (Hear, hear.) There nil win important admimions mode In the debate when . 1 , .. of.oort wan rmstdvred. Tatra had been the admission of t.te hon. emmiemes who hod just sat down, and which was iii roalcarmity situ Inc adssiations made by others, that the remissions( the duty on tea was wise end ben. 86.1. I ht a there was the adinisans of the right his. gentles - in the late (Season's./ of the Excheiser, that the ye esnistat had dealt with the shippiag interest , . wive yodel to that iiverest train res.rieteetua to which ... et...toned and twee reasinious also were wise and • nelicio. There was the admissioo of the hon. member I r do ‘I • a* kiiiiiir ut Yorkehire ano.unting to half ..1 the nauseate on the oth, ride on • most important point in the Clain, that the pespasi ion of the government with team' t'i'ne income tax win wise and beneficial. there had Wen Inn+ treat adatianows, and there had been an ethoosiou wilt errant to the ghettos.' resolisimin with which they were a iw &eon., that though there might be obketl-t e e to the rote is which it was carried out, there was no iobjeetion to the am on which they went. In junky they night not have token such ao ohje lion. These being the admissions wish hod been made, and eonsidering the budget as a *We. whit we, it that lii:i were opposing ? It was a nut, "d /Sly • mall part. (... 0,•• n 4 ehr.ra.) Ti ii pied* apemen which hod beim rased were two—the ingress. a the house La nail any nottioiion nt all of the melt tan. (Hear, bear.) 'These were the principal °Nettles* against which or -et the schwasions which had been mode ; and be xtod th t, destine , Nit.. the question a, a whole, they might support the scheme as • whiii.., although they might thin k 'n-' 'he 111 tails sight lie ri a...nobly modified. (Cheesed sad main cheers.) The subject was • Mgr ae. and .mss of (treat importance ; and he w it hi bring them to the test of redneiag it hili • Ow ; riiii-oles who . ti were iavolad and the conseqatelled they !..el to view, and thc results to which they snood lea o•. I whs. err. the !.rioerld 1 If they examine.. tire propthiri bona of hi* riots hon. friend, it would be found that *VI Vert anly its suu.lser, end that the objections to *OS seorreshadowl in ntenster. The Snit princip le was, Ow dew I st olid adioft to, or. es the laogoage of gmtlennu meet 1 belly Molina an ri d pendently extend the primal* ' harem:idled eompctitiou. That pnosiple was, that all WO& del Of , eilen and domestic produce (if they would hie •11111 e, llittr'il) shoold by obtains d as cheaply sad as readily as petal seek That priaciple was serried its in the form of a re- Weiss al Ills tea dudes sad the malt tax. The mooed =ltat she budget vas, that Mktg ea the remnamenda s *mesh from the dime. that if it was toned that ila establiablag the esemercial pelley it which we how Mid say Wog Ins ass to say particular iittetrit, you Wre; in 11111111111111 e rka to eadlesieur to mitigate that aed aid& dela to meet suritiosfully the *are- Misted eampleision whirl' was to be est-Wished. The ob. jast eithet tee, that the.. at boom should enjoy the same sieweemes Is Ileaspatialicr: loh others as si rs enjoyed is ampollei with them t was a rest principle, and !hey 11.1 Malt with kjamtly. The third principle (which bf 11111111 mmt ad le in the debate) was the made in whisk lillegaissamsat was to deal with the measles et the smithy, se se te pat kit a lair sad equitable fleerlag, end that all vibe view sear naming the me of lbw tradesalp4 rue equally. uasanrabered with Impadiseare which did not press on the rest of the eosantunity. Those were the principles on which they had meted, and he undertook to prove that ttey were just in themselves and fairly anted on in the proposition of his right hon. friend. He wield begin firstly with the commercial fiefdom policy. lm *hoot was to give the prism neresaaries of life to the pm& as cheaply u they =mid be procured. How had thee principle been worked in the last ten years 1 In 14142 this lint alteration bad been made in the tariff. By She ewaravel of prohibitory duties they had brought anise' dbwl to the coneumers of this country at a cheaper rate. 1. OW years after tea removal of those duties, instead of no welmale being imported iivo this ciuntry, it would be found *in 'undies) of the larger :animals had been ine. pined, and 200,000 sheep end lambs. Whether it was wise to let those animals in without any duty which would have produced some revenue was clues , double. (Opposition cheers and minter cheers ) 1 It was questionsble, on the ;emend that, although you would nut have materially rate. a the price, you would yet have obtained some revenue. Whet had been done with =other great article of food ? Ten years ago the quantity of corn imported into this country was two million. and a half of quarters, arid of in, al dear one million and a half of cuts. In November, le-12„ the quantity of corn imported 1 was five willies@ and a holf of quieter., and of meal lour three Neuhaus sad • ball of ewn., being an increase signor* than two millions in each article. 't hat was the manner in which they had dealt with artieles of food of the people and prime seesweries of life. But had they benefited the CUllllltaer equally as regarded cheep beverages ? (Lauglver and cheers.) No! they had left the duties on malt and tea where they were. He knew that they would say that there was a good reason tar that, because thay would have been dealing with such an amount of revenue that it =old not be done. But he (Mr. Walpole) said that on their own principles, if they were s.neere, they ought to have bene fited the coasumer with rs lard to what was •• much a ne =fury as mod. (" No, no," sheers and l au ghter.) Certsiolv, he thought there was sot • cottage so poor in all England but that any addition to its beer—or its tee— would Mere= its comforts. (Cheers and laughter.) He would reply to whet the right bon. gentleman (Sir C. Wood) had said on this subject (the malt tax), on which after all the great objections to the budget were based; and, for the moment, he would deal with it as entirely a consumer's question. Tne right hos. gentleman doubted whether the consumer could be benefited by a reduction of the price of malt bocatee he found, from statisti:s in his pos session, that it would not he possible greatly to increase the quantity. Such a statement had greatly astonish= his (Mr. W,ipole). The mad tax was first imposed at the cud of lb. 17th century. It wee raised denim the whole of the 18th century from 4.. up to 11. 15s. per qr. at one time, subsequently being reduced to 11. 8.., and tin n to le 2a. 7d. per qr. ; and those who would go into these figures would find that there was but one conclusion could be drawn. The tint and must startling fact (and it was most astonishing that this should he denied, as it had b en during that evening, and by the right hos. gentleman the late Chancellor of the Exchequer) was, that, notwithstanding all the increase in population and in wealth, the melt mann future of this country had remained almost stationers for • century. (Meer, hear.) Why ? Becouse of the high taxation. A great authority hod said, " There shnold be no Mistake shoat the tact that while milt liquor lied hemanill the principal beverage of the people of England during a lengthened period, the menuteeture, instead of increasing with the population, hail keen nearly stationary for the hundred lean soiling IMO. In proof of thin, there might be taken the quantity of malt which paid duty in England and Wales on SVC rages of 12 years. In the 12 years ending 1720, 24,000,000 and a fraction of buihels paid duty animally ; whereas the en. anal average quantity that paid duty in the 12 rue ending 1816, was only 23,000,000 bushels maga fraction. This apparently anomalous result was per hope, in some sense, to he at:coveted for by the inmost Slainimpuos of tee—which had come into almost universal wire. But there could not he a question that it was mainly' swims to the exorbitant duties with which malt and ale sod beer manufaetures had been loaded, and to the oppressive end= teseilatioes imposed." The authority he bad quoted Wne (Hear, hoer.) Another important "bet to be deduced from these returns (a fact answering the whole argument against the proposition of th.. govern- Went) was, that as the duty was increased the consumption pee head was diminished. He hold in his hand tables of SS Important character, to which he would refer. One hun dred years ego, in WOO, the quantity of bushels of malt Unfit in this country was 29,000,000 and a fraction ; the Olaf y was 6d. per bushel; end the consumption was live 15.3e1s per head. Between 1760 and 1801 the duty was in illeserd, first to Is. 9d. then reduced to Is. 41d., and 'seta increased to 2s. and • fraction per bushel ; and the effect, in 1801, was that the quantity Wade was 30,0 , 00,000 bushels and a fraction; the Soy beiug 2.. Al.e per bushel ; and the consumption per Ina was only 3 bashels and 3 gallons. (Hear, hear.) 'Nag praie6 of IV years, he would show how taxation balepealel en this article. Itetween 1801 and 1811 the dog WO Mood to the enormous amount of 4.. Std. ; but ban tedand is 1806 to 2s. 34. a bushel. In 1811 in &eat Britain and Wales it was 26,000,000, and a fraction bushels, the duty being 2e. 6d.; and the consumption per head, instead of being 6 bushels, es it was in 1860, and hosed of being 3 bushels and 3 gallons, as it was in 1801, walk reduced to 2 bushels and 4 gallons per head. Tbs Nan period was as remarkable. In 1821 the duty wee wised to 3s. 71d. per bushel ; and the oonsumptioe per bead fell again from 2 bushels and 4 gallons to 2 bushels. in 1828 the duty was reduced to 2s. ld , and in 1841 Om quantity of malt manufactured rose to 32,000,000 bushels, the ditty beim 2.. 7d. and the consumption 3 bushels per beat . - Mr. 08BORNB—The duty was taken sift 1830. Mr. WALVOLE world come to that, al would Mee anew. r the extraordinary assertion of the IMO Ohancether el the Ezehequer, that the remission el the bur duty Waft had the effect of inereaaing the quantity of be maw • faetursd. 'rho beer duty win ',peeled in Ina The nunlber of bushels of malt made in 'AI 30 .....e.•23,4281/A NI 182 P, aid 26,900,000 in 1830. But in 1831 the amifilber rem Ms 25,4n0.i5m to 34965,000 ; in 1832 to .18/oa#Bll la 1b33 to 33,789,000; up to the year 1 8 10, WIMIN the Demme was 36,642,01.10 bushel*. (Hear, bear.) Bat the thte Chan , celor of the Bleheqaer had Imre:rent., the f filing off in the years 1841-2. lie had r. minded the right boo. gentlemen at the time that 5 per cent. was then added to the Oneelien on malt; and it was just that 5 per cert. which soda so. dace.' the quantity of met manufeetured. Huth( been in 1840, 36,1553.000, it fell in 1141 to 30,966,000; and in 1842, to 30,706,000. No uoubt these two wereyearsof considerable distress, and that distress had had its effect in conjugation with the 5 per cent additional burden. The years MO 1842 downwards were, however, not years of deptentieny and in the four last years the manufacture of mak limb M armed as compared with 1840. (Hear, hear.) laskitti g at these facts it was impossible to doubt that the consump tion of malt in this country had been materially im peded by the unequal legislatioo, and if that were so, was it not logical to anticipate the greatest benefit: from the reduction of taxation in this lireetios now propose I by the government ? (Hear, Mu.) He believed it was ; and that the measure they had %ought forward would prove " wise, just, and beneficial.” (Yew trade ironical cheers.) He thought they would admit that it was wise to increase the quantity of that which was the swholesornist end hest Liquor used by the people— (cheers, end cries of "No, no ")--and that it was just to enable the aviculturist to cultists his lighter soils in the meet profitable manner—(cheers)—and be thought they • would not deny that that legislation was beneficial which conferred advantages on the community at large. (Cheers.) He come, then, to the consideration of the pro noun reduction of tea duties. Upon toe espediency of this redact on the whole house wu agreed ; and he thought that for this part of his *theme his right bon. friend was enti. tied to the greatest e. edit, seeing no Chancellor of the la• chequer fur many years had had the courage to deal with the matt-r. (Hear, leer) The people of this country would be benefited by a redaction in the tea duties in three' points of view: socially, commercially, and financially. &call, it would heneht them as cheapening the beverage which, after all, should be most encouraged—(ironical cheers front the oppositioii)—coorrirtei.illy it would open up to us a larger market, just in the same way as the opining up of the Nut ladle Company's trade had increased our market, mantithe tours finding a greeter readiness to exchange as the qua tit, of articles the Chinese lent to us became increased, and financally because what experience we bad had showed that a benefit to the revenoe itself followed a reductiou of the tea duties. (Hear, hear.) He thought he hail now answered the main objections taken to the go. vernment scheme. Tbe government were acting as the pri,ripl- at commercial freedom, applying that principle by the remission of two great duties, the remission of h .tli of which would benefit the consumer, while, as regarded the malt duties, pronto ion great advantages, as he would show, to the producer. lie now came tithe second principle contained is the hudget, via, as concerned the mode in which the government dealt with those interests which had 1 been mituliarly sleeted by recent legislation. In no de. ' gees, her., eauhl it be said that they were acting muffin. siantely with the recouoised new commercial system. The interests elected were the colonial, shipping, and agricul tural. With respect to the colonist interests the government proposed to enable them to refine the pro.l Jule of their 'stet.. in the manner they declared to 1 he most conducive to their interests, and this, surely, wen Jut and reasonable. The shipping inter e sts were to be gradually ri leased fro n those restrictions the evils of which the noble hord (Rueell) bad pointed out from the hustinesot the City of Loodon. The cirieultural 'surest moo to he hen rth it by enabling them ti cultivate Maielmis la the way, end to an cutest, in and to which q UMW nut cultivate them if the burden, which now UMW were to be left en them. The hm. gentlemen (Mr. Colin's) hail Mato el the question very lairly that evening wise rimed to tile agriculturists; and h..d made the important admission that by remitting the whole malt tax the legislature w.itild be doing only what it had doe* la 1830 for the calico maaufeetursm in taking off the duty of aid. a mean yard. TM sleet of that reduction on TIIE EXPRESII, TUESDAY EVENING, DECEMBER 14, 1852. the cotton trade wasle les EY *it calico exported was aft gg give after the taper% bed rims be theWalliW/WIS a AO yards, the declared vele* Wing telea lti. get. then, unlock the springs of indwaley. Y MISIMIIII.IIB Ilmillaer, in respect to the agricultural MINIM) Unques tioaetily it would hays the sane OW; IllgumPotiasably it would be • course consistent with the mew commercial prin ciple ; and es anquestionshly it wadi be preemptive of vast benefit, both to the COIIIIMIN and the . Hs now mood to the third question s erlieli rsbeled to the direct taxation of 1. is country. aWriMitiles thethe was right that the remission of the tea dative ad of the malt unties were beneficial—assuming that he was right that, eonsietently with this great principle which they had established, the 'peat principle of commercial freedom, there was no injus tice in relict se any interest frees restrictions or impedi aints—let him now see whether they might not legiti mately carry into execution those principles by the mode in which they proposed to oiliest the direct taxation of this country. The hog. gentlemen told them that direct taxa tion wee first put on to tea:mance a great commercial re form. He (Mr. Walpole) Paid that the addition to the direct taxation—if there really were an addition—as now propoeul was to - enable them to templets that great commercial reform. They put on originally, not as had been said repeatedly in this debate, because there was a deficit. There was a deficit it was true, hut that deficit did not require them to put on a tax of fire millions; two millions or two millions and a htlf would have been sufficient. But they put en this direct tax, Out met ely to get rid of a deficit, bet also to commence a great commercial reform. It was true they had nu deficit now, but the addition of the direct taxation now, it there was an addition, was to complete this same commercial reform. 1 The direct taxes they dealt in were the house tax and the rtv and Mem*, tax. They dealt with the house tea . icreasing it all it was in 1461, but not inerea,ing it I ea elispered with what it was twenty years ago. They trateaskil the area on which the boom tax was to be seemed, end they varied the property and income tax. The . right hos. member fur llalifas said their proposition was an I eppryesiye tamition. lie (Mr. Walpole) said they were re mad Mg the injustice first perpetrated in repealing the tax and substituting the house duty. The window duty produced 1,11.50,0001. The house tax, with the increase I now proposed, would yield 1.720,0001.; so that, actually, in I 1842, the alteration of their taxation, instead of increasing the direct taxation, as compared with what it was iu 1360, would leave it 210,0001. lees, and would remedy the injustice which, it was admitted on ell hands, was done when they subatitutml the partial house duty kw the window tax. I Then, did they object to this tax on any phileso phierl or scientific ground ? Remember the reamns 8W which they took off the window tax. They were tea s vim, the improvement of the sanitary COliiitlol2 of the sentry, end, secondly, because it pressed unequally. Was Ike remedy for that the sacrifice of • revenue of a million a year? Their remedy was to substitute a direct tax which was not unequal- 11 they had laid • house tax as a substitute for it. " would have done that which essmemenity. The right honourable gentlemen had thee proceeded to tale of the large reductions in ' the excise duties which he proposed to effect. The government of Sir R. Peel had proceeded on such a bans, that by a skills' management of the receipts and ex peediture of the mutiny, they had a large balance evade. ble out of which th e y cou ld afford to make reductions. (Cheers.) They did not, in the first laetrusee, create a deficiency, and then call upon the house to make large re ductions of taxation. (Hear, hear.) This was the broad distinetion between the course pursued by the present go. vorament said that of which he was a member. llis righ• boa. friend talked of the acclamations with which the budget had been received in the City ; but if, whin two years bad elapsed, instead of a surplus there wise deficiency to be supplied, by luau mud other illegitimate soure , a, it was very doubtful whether the same applause would continue, (Hear, hear.) This question involved fee higher considers. moue their whether they should relieve • m rtsio eh.' by the reniksion of duties which they now paid, or whether they should cuter into a controversy about the I consumers or the brewers deriving the larger portion of the benefit ; it involved tbo etability of the finsecial e) stem. (Cheers.) The question we., whether the finenees were in that state in which they could 'tad to part with two. und-a-belt minima of productive duty, which might press in a certain degree upon the general consumer, but which was the !mut oppressive of all taxes, and the removal of which was the least celled for. (Hear, hear) And they were doing this at the risk of creating a de firienry. We bad been letter') employed in removing evils that had miles from our tamer uegligence, and in adding to the defences of our country, nut with the view of hustile opera- Hans, but to place ourselves, during peace, in the position is which every greet country ought to stand. But, bed the government turgot that it there were any element a safety foe the country, any ground on which its delouse mum surely rested than another, it was the VW i embarrassed state of its finances ? If they did wilfully end wantonly create an etturl deficiency, and cuter upon the service of the year with a confident expeetafigla theist its close they must necessarily involve themselves tat debt, they raised up an obstacle to adequate defence here after which uo military preparations and no amount of troops would overcome . • they iodic:tit a blow upon that public credit which had previously nabkd us to wi th stand the most hostile demonstratimis. (Hear, hear.) The budget proceeded on the assumption of a surplus of 400„0:001. at the end et the next financial year. With a surplus so am ill, it was naturel and reasonable to look at the items out of which it was derived; and though individually there might be small ilifferene,s of opinion as to the valuations in a MP plus so small, toe amount of difference made the whole distinction between having • deficiency or a surelii , at tie end of the year. The right hon. gentleman did not captain why he estimated the less Oa the malt duty at nee million. He stated that he should have to pay a million so draw backs. Surely the boos* had a right to expect sonic ex planation on that point; in default of that they could only form their own opinions. Ile had had some experience as to estimates of' ~ they w.__ e ... .as to Nome._ 'drawbacks , and he never yet wee just and that which all the best political economists bad knew an instance of •e Chancellor of the Exchequer assent advocated. They all told them that a house tax was pro- log a reduction of duty and • drawback on the stocks in behly the fairest impost they could place on the different hand, where it did no t no t t urn out t h at his connate was dames of the community. (No, no.) Well, if they would falsified to a great degree by the event. (Hear, hear.) not admit the word " ail," he would chugs his phrase, Should that occur to the right hon. gentleman, which had and say the best political economists, whether they went occurred to others, this would be an element of loss which back to Adam Smith or they took the Rune am- it was impossible to calculate. In the same way, there was', item political economists—he meant Mill and Ricardo, a trifling difference made by the tea duti es , a b ou t 60,0001. I both of whom said it was the fairest income Ile amassed that 400,0001. was to be received from the re tax they could propose, because the rent a man paymentsof loans; the sum was in reality but 300,0001.; paid foe his house was the beet criterion of his mean.. making a loss of 40,000 f. more. Taking into calculation flie other subject of direct taxation was the income and that by the projected alteration of the income tax there' cry Ma. He hardly knew that he need de- w ou ld a l so b ee lees of 160,0001., and that the expense of the alterations they had: th ere made. The c o llectio n wou ld b e great l y augmente d , i t was pro b a bl e tha t ! leme. member (Mr. Cobden) had teisepletely shown the fair- 1.30,0001. or 200,0001. more would have to be deducted from lamer a distiuction beta een precarious and fixed internee— the surplus. If that were so, was it not quite clear balms, from precarious sources, and incomes from realised thst the right boo. gentleman, having in his piosesaien meggenty. Tins übj.ctiesa hart been principally them, the a real surplus of le millions, proposed deliberately emu ininneted by the 'totem lord the other night, and and calmly to subject the country, at the gad of the next seguattly pressed in argument by his former colleague (Sir financial year, to a deficiency which it was impossible to C. Wood), and the other taken by the eight hon. gentleman calculate beforehand ; for it was impossible to foresee what (Mr. Cilaoshene). They were both of a formidable charm- might be the effect of accidents and adverse seasons. He ter, and if they could be sustained, would clearly affect the gave the right hon. gentleman credit for courage of a cer picipmety of the budget. The objection of the noble hod rain kind. The geverument of Sir Robert Peel had not was that they had increamil the number of exemptions. the courage to spend the money when they had it not in Now, what had been the exemptions hitherto ? First, they possession. (Cheers.) They had not the courage to risk exempted all property in Ireland of all Musa and deecrip- the credit of the country in order to gratify any lions , . and the eecond pleat class of exemptions was personal cluicasnts for Teeniest el of taxation, when they income. under 1401. by their proposal, instead of exempt- knew that it would end in injury to the public ing every class of property in Ireland, they, for credit, and perhaps a sacrifice of coufeleu ce. the first time, excluded from these exemptions Surely the right hon. gentleman could not view with very the salaries of officials in Ireland, and the ennui- tranquil feelings the prospect before him, comparing it • ties from stock. They had also diminished the num- with 1842, when there had been a succession of deficien ber of exemptions in this country. They had reduced the cim, and the national credit was only recovered by a great I point of exemptions with referee., to precarious incomes to effort. We should bo reduced to the same state again, I lOW. instead of 1501., and with reference to reel property to mamma the right hon. gentleman was prevented from 601. instead of 1301. How the noble lord could object to making away with the email surplus Ile had. He did not their dealing with these execuptious be could not couceire. complain of the reduction of the tea duties; that came He might say that the alterations they had made acre not within the means of the existing aurplus, end it might equitable in themselves. Then the variations they had give increased employment to the shipping interest and made were not of au exempting character, but to put the great comforts to the pour. It might, as in the cue of tax on an 'mutate.) footing. It was said they sugar and ciffee, replete the revenue that would be sand had benefited the farmer. Why, what had they aced in the first instance. But the repeal of the malt tax done as regarded the farmer ? 'luny said that since 'toed on quite a different footiug. Barley lands had sat. the repeal of the corn laws the proportion between feted the least of any in this country ; and yet the govern. rent and profits, were not the same that they were before. meat now thought it necessary to relieve their cultivators , te ith regard to the exteumeou of the tax to the Irish altho ug h th e way i n which it was proposed to be done fundholder, he defied the right honourable gentle- would be no relief at all. (Hear.) He hail heard with great man (Mr. Gledatone) to *miry this on any ground satisfaction that the goverument proposed to allow Auger to el national engagement, or on any of the consequences bo refined in bond; he presumed that it would be that flowed from such an engagement. (Hear, hear.) confined to certain classes of sugar. Thin would cause a How then ought they to deal both with the Irish loss to the revenue ; why was not a statement given of the and the English fuudholder ? Tbey ought to tax him in probable amount ? Whatever injury clans interests might I precisely the same manner as they taxed every other elms of sustain, he was certain they would suffer from nothing the community, the quality of whose income, and the nature more than from what effected the national credit. Then of whose estate—as regarded its duration—was the legitimate relief was found in the growing pro.perity of • mime as his. (Hear.) It was clear then that they would the country ; and he was no friend to those interests who, not be justified in lookiug upon the fuedholder's dividends forgetting what was due to the national credit, sought to as a precarious and uncertain income, and therefure they gain support by professedly relieving the hardens un e rtaia had nothing left but to treat linti its a peewit with ap: rum- Masses. (Hear, hear.) The Chaneellur of the Exchequer, vent propeity. (Hear, hear.) He was sorry to trouble the is 1849, addressing a meeting of agricultueists, had eaves. house at such length, but when the public faith was in ceded term formation of a sinking feud, in order to raise the question It was right that they skald 4 sa4eavour, not with national credit, and hail declared the , it was not by the any party view, but fairly and honestly, to se• whether they reduction of this or that tax that imperilled agriculiure were dealing with the Public creditor in any unjust or ite- was to be relieved. (Hear, bear.) The right hon. gentle- equitable manner. (Cheese.) For these reasons, then, he man hod refereed fa tempi of approbation to the effect of thought he might ask the house to assent to the principle the measures which he (Mr. Ouelburn) had assisted in of his right hoe. friend's proposition ' which was all he was carrying out ; and ha had hoped that he would act on th e contending for. (Hear, hear.) He had now gone through p r i nc ipl e of ome measures; hut from the way in which he the whole of time propositions which had beta submitted to .notched atthe small surplus of a million and a half, them by his right lion. friend ; and he challenged them to so a means of reducing certain tines, he feared that he was show that the principles of those propositions pursuing a course which would have the very orposite were anaoand or that their objects were other- 'beet to what he professed to desire—the raising of the oa wise than beueficial to the whole community. nonal credit. (Hear, hear) It would have been much ' (Cheers.) And though he did not see the right hon. better to have emerged the surplus for a time. lle objected baronet (Sir C. Wood) in his place, he meet take leave to to • surplus being sacriSeed instantly. (Hear, hear.) He add that, notwithstanding the tone of self-consututed knew that political economists represented a Louse tax as a superiority—(minkteriel cheer.)—which the right hen. fair and legitimate direct tax to which the community ought gentleman had assumed the other night, he defied him, or to be subject, and it might be, under circumstance.' which any of his supporters, to prove that they ware propositions required it, a correct tax if properly distributed and midi which wield impair the credit of the country or tarnish the fled. He objected, it was true, to the house tax of the right good cams of England. (Cheers.) The right hen. gentle- hon. gentleman the member for Hebrew, because be believed man (continued Mr. Walpele) has told us that my right it to be defective in the principle on which he thought a hon. friend ought not to be ashamed to follow the example house tax ought to be placed ; and he likewise objected to of the edministratiem of Mr. Pitt or of Lord Liverpool ; the present proposal of the Chancellor of the Exchequer, and to take back his Budget for re-consideration during because, although it obviated some of the defects which be. the Cbristmarie rem e. If there were any necessity to do longed to the house taxed thehon. gentleman the member for so, my right bus friend need not melt for precedents ao rs- Halifax, it contained others which were essentially fatal to mute. (Loud cheers end laughter.) He would have a its continuance. The right hon. gentleman said that his propo precedent in a late Chancellor of the Exchequer, who sition was precisely similar in principle to that proposed by in the course of one year amended and remnicaded his his late right hen. friend Sir 11. Peel. He (Mr. Oeulburn) Budget, and amended it main a third and even entirely denied the accuracy of that representation, for his a fourth time—(cheers and laughter)—and that chancelier late riolit hon. friend only introduced direct taxation when wes the right boo. member fur Halifax. (Renewed cheers) indirect taxation had been carried to the fall extent, and Bat my right hon. friend will have, 1 believe, no necessity was found to be unproductive. (Hear, hear.) The budget to alter his budget oa any material point ; and I think that of the right hon. gentleman was likely to accantenulate dell you will Sad the miscalculations to which the right h,o. ciencies in future years, and so far from being a completion member for Halifax adverted are his own, and not my right of the system propounded by Sir E. Peel, it had merely hon. friend's. (Cheers.) I think you will find that while the temporary object in view of giving partial relief, and I that measure is a large and comprehensive one—so urge was not at all likely to be generally beneficial. The right and so comprehensive that the right hon. gentleman wishes bon gentleman said that the house tax recommended itself, to divide it into two parts, and to make half of it I 'appose because it was only a substitute for the window tax. But, the budget fur 1833, and the other half that for 184-- he recollected the time when no tex excited so much oppo (lingliter)—it is not so large or so compreheusive sition as the house tax ; and in the years 1832.3-4 this but that my right hon. fri.nd will be able home was inundated with petitions eomplainini of its ex to show to this home that he can do in Wrote. (Hear, hear.) Time right hon. gentleman must one year what the right hon. baronet would only do in therefore be prepared, if he doubled the a ousel tax for the two. (Idiaisteriel cheers.) But I mum ask—and t would sake of ropealieg the malt tax, fur a repetition of that arena. out have entered at ail into this suieect but for the dime time which curled in the removal of the former heuse tea, ' teaming tune which 1 think hes beau somewhat impro- and would ensure the repeal of the present use at no distant petty assumed—l must ask whence is this extraordinary dare, if the right ',lion. gentleman succeeded in imposing feeling against my right hon. friend? What is the came it. (Hem, hear.) Hie right honourable friend said why he is to be assailed at every point when be has brueglit that the government had remedied the inequalities forward in one year two financial statements, Wei of in the present income tax by removing exemptions and which were attempted by this LOW*, and certmiuiy, making a il stincqua between permanent and prima -1 believe, by the country i (Cheers.) is it became rises incomes. The right hon. petit man must look with you are jealous of his success ? (Cheers.) Is it a very paternal feeling milted un the proposition of the gle ' because he has struggled hard arced ;end with Resin., worriment if he expected that it would remedy those peed with rank, and mos er ' until he Las obtained the Ligiiest eels: grievances which were made the sub cot of complai o t eminence to which an honourable embitioa can aspire—the by various gam tits who were unposed to the continuous ot leadership and guidance of the House of Commons? the La. (Hear hear.) The right lion. gentleman saki (Cheers.) In spite of the dispara sing tone of the right th a t he remov ed an exemption by extending tie income kW I boaourable member for llahfax, I think I may say that to Indult!. Ile (Mr. Oeulbure) should rather say that by the budget of my right hoe. friend will bray extending the income tax to Ireland as he heel done, Ise comparison a ith any of hi.. ((teat ministerial charts.) added to the number of exemptions. (Hear.) Nothing 'fhe best judges in the country have declared which passed iu 1842 could justify the right hon. gentleman that he ha, put himself on • level with the boldest and yet in attending the income tax to Ireland. The priuciple of the most prudent financiers this country ham ever seen. the income tax of 1842 was that emeriti' residing in Egg (Loud cheers amid cries of "oh.") They will tell you et hind should pay income tux on their property, though that any rate that in time greatest einpuriton of commerce in the property reeved in Ireland or any foreign country. Bet globe, these plans of his have r. heeled upon hies the Ireland herself was exempted from the tex on the ground higheet praise in the judgment of those who are capable of that other burdens were imposed on her which were eons+. thinking upon such subjects. (CliceisO They will tell tiered as au emiivareet for the impotition of the income tax you as ) ou have been reminded ten night, th at ho Lembo- in England. (hoar, hear.) When has right hon. friend proved by thug propositioos the common talleewhat men el hiol him that he was at litter y to select funded pro genius may nut he essentially and practically men of pert, for the phrpase of eubjetting it to the tax, business ; and whatever may he the result of this debate ; be clearly violated the contract with the pule whatever may be the future fate of the present govern- lic creditor. (Hear, hear.) By imposing a separate tax mint—whatrver may be effected by that ilLassorted Atheism on the undies of property, I u violated the public faith as se hieh I see berm, me—(ministerial ch ets)--the country much ashy the mist arbitrary ievesion upon it. (Hear, will say, I firmly beli ore, the: toy right boo. freed his hear.) The right hes. gentleman a mid that he made a dis earned for himself a reputeti It hIl ostensive as the empire tinetiou between permanent and precerious ineomes. But for which he him so meetly Irmieleted.—(loud erl.ll of he did indeed place funded property lu the situation of pre " Oh!")—ad agr allude at le ruienent a. the ho est r une. carious property, for if the right hon. gentleman model h realty of a thankful, enlighteneo, suit r e fleeting cumin eaity. putting his own c ons truction en the contract with (Lied cheers.) the public ereditur tax funded property oils third Mr. GOOLBURN reseed:atm' any fer liege of ielfownstis mete then other progeny, what was to prevent I toted sutmerwrity or of jealousy ; but he rime to oppose the a kid moderate Chancellor of the Exchequer from hu•lrri•t be,111164: it was opp.wed . i them principles nu vili;ch teeing it to • greater extent ? What was the penny now he had administers I ti.o pelnie thrums mid on alma. ft might become the eluding, and whet was the shilling be lied ever eche] ohm nin epousitioti —principle, which be might L. e.,111•1 the pound, When the cOUCtfy wee weaker or ceseidered henna imp with the best interne. of the e e m o ury, m e mini e r er more wicked. (Hear, hear) As it shied be. and from winch he erer out piepered to dee irt, in deter- I lore hire, the prepesition of the government into'', d the ince either to 'lie elmmuence iii leis tight Lon. and homed whole question in Ilo•Efie mile diftie uhtiea. (Hear, hear ) friend or to the talents of the lielir hen. ireutlenum. (II ear.) the teem whimed the right Loa. st..utlein mu rave the foment The right hon. gentleman had told Mom that the object of wa. sio tmou et all, Meat ihe present time if time r roiits of the budget was—first, to maintain and einleeLy to memo' - the farmer did not am cunt to half his rens, he had the free trade or utireesreeed cenimietitime ; la tne si coed place, I poser art going lit the i nil or the year before the commit to deal with the distressed interests in such a Manner that, • 'Liner, and gettirm it reduced or altogether remitted, if he in aderding relief, they should nut coatravene the geueral i aetislied them that he made nptleing. (Hear, hear.) Then priaclples which had hue 'Mooed by the house; coil, with regard to the elergy, if the right hon. gentleman thirdly, to apply equal taxmen' to every clam of the gave the benefit of the lower asemeramit to the clergyman with 1001. a year, beams, his income was precarious, he had no right to stop at 1001., because the income of the clergy ! man with MN was equally precarious. (Hear, bear.) tic ' objected to the budget of the right hon. gentleman, incense it was likely to produce a deficieney in the revenue—a lye ' tent which it was his ambition to put an end to, and the • evils of which were too much forgotten. (Deer, hear.) On , this ground lie viewed with alarm the proposition of the government. Ile believed the right hon. gentleman wee , debarring himself from those legitimate advantages which in the present state of the revenue of the country he might fairly look forward to. He believed they were lessening the power and resources of the country in use an occasion should arise for Galling them into greater vigour and action. He believed the propocil of the government would gra - dually weaken the public confidence in the faith of the nation by expending in the year more than they received. (Hear.) Having regard to the several changes proposed—the :then lion in the property and income la:, the increase of the house tas, and the reduction of the malt tux —with the con sequences involved in them, he would conclude by implor , mg the house to avoid a measure which, by impairing the public credit of the country, would damage our beat lute rests, sod ultimately be equally injurious to the m.inufse turer and the serilulturist. (Cheers.) j Vise:mot JOCELYN moved the adjournment of the dt q bate. (Cries of " On int" and " rdjourn.") The CHANCELLOR of the EXCHEQUER. hoped the committee would remember the time of year and the day of the coonth—(" bear, hear," from th • ministerialist.) —and would come to an agreement to conclude the debate of. the • followiug day. It would, he was sure, be very convenient to hon. members present if there were a genera/ under standing to that effect. (lle.ir, bear.) Loud J. RUSSELL did not think it poesible, when so many members were absent, to come to any understand ing. (" Hear, hear," from the opposition.) Ile would he very happy to find that there wan a disposition on the pat of the hotom to conclude the debate on the following right; but, as many members who had not spoken wished to re present the views of their constituents, he thought the matter must be left to their discretion. The debate wile then The report on the Swop Duties on Pstents for Incci.• tions (purchase of it derma of specifications) Bill was re ceived. ball NAAS obtained Icace to bring in a bill to extend the protisions of the Desitrns Act, 18i0, and to give protec li in from piracy to persona exhibiting new inventions in th, Exhibition of Works of Isduatry in Dublin, in the year 1863. - 2ito holm adjourned at 20 nt;outcs to one o'clock. itr tt-74r431:e4a.'-:). TO CuataioP,liDENTs. t • turf Selo. Tl;74•reet: : ;;:i7.asnit . ;e eame etenli.ee Genets'," as et tAislitel leer; Tom.ler tr. I Yndaj siaht, thee Ode p.m& I•T !MOO Potetweaded toe "77. e Ezereer,"l,o top p Ter, Itnet 4.t the ihhhy int roeseete-etrect. Two on the lay of yakieetica. tilUli WATER T I.ONPON BRUNIE hn Du—Vorrin:. 3 SY • . furetoos , 4h. Me. To.mortaw—Ntori.lpr. 4n. 44g. AtttrGo o, 1%. la.. LONDO', TUESDAY. DECEMBER 1-1. ONE of the features of last night's debate is the curious and instructive contrast exhibited by the speeches of Mr. Cuenex and Lord JOUN MANNERS. It was the antagonism of reality and dilletantitits ; of common sense and political foppery ; of power to grasp the substance, and the helplessness of incapa city. But apart from the intellectual disparity be tween the two speakers, we are forcibly reminded throughout of the difference between the antecedents of tne two men. The member for the West Riding speaks for his class with the vigour of conviction and the force of truth, derived from intimate and practical knowledge of the wants and wishes of the great body of the penplc. Lord JOHN :MANNERS talks like one who would fain be praised for condescending to take care of the interests of the many, without being certain what those interests are. Mr. COBDEN, speaking in the name of the millions whose meaus of subsistence are to be affected by the fiscal changes now in discussion, utters with instinctive precision what they would say for themselves were it possible to take the sense of the country on the various items of the scheme. And first, with reference to the doubled and ex ' tended House Tax. It is plain, us we took occasion to observe some days ago in arguing against the in equality of this form of direct taxation, that practi cally the pressure upon property consisting of houses, amid property consisting merely of land, would not only be different, but utterly and intolerably dissimi lar. Mr. COBDEN reduces the reasoning to comparative ' per centages, and shows that a sum of money vested in land renders the possessor liable only to th ree p e r cent. contribution in direct imposts, while the same sum iuvested in dwellings or in shops would, under the new system of finance, subject the possessor to something like twenty-one per cent. Both descrip tions of property pay three per cent. Income Tax : but dwelling houses are already charged ninepenee in the pound, say four per cent., in addition. flu it is now proposed to double, or in other word, to burthen house property with nearly eigh' per cent., beside the three which it bears in common with land. And inasmuch as land usually brings thirty years' purchase, while houses seldom produce mare than fifteen, it is manifest that a rateable charge upon the income derivable from each must full with double pressure upon that which consists of bricks and mortar. In other words, town is to pay six or seven times as much as country. This, then, is, in point of fact, the measure of the fine which the landlord party would inflict upon the towns of Great Britain for having wrenched from them some six years since the right to buy food at its real value, instead of a monopoly price regulated by act of parliament. The naked enormity of the scheme is thus laid bare. Were the resolution now before the House of Commons to be affirmed, the CUARCELLOR of the Exalt NUM would immediately after the holidays bring in a bill to early that resolu tion into effect. Such a measure would simply be a bill of pains and penalties against the industrious classes of this country, of which the preamble ought to be a recital of the net of 1846, whereby the Corn Laws were repealed. Nu wonder Mr. DISR.A ELI and his c.d. leagues demurred at the phraseology of Mr.VILLIEss's memorable resolution. If it was .‘ wise, just. and "beneficial" to enact Free Trade in food uncondi tionally in 1846, it cannot be right to come down now to exact under mystified terms and novel forms the old price from us. " You may call it compensa " tion," said Mr. COBDEN. " but it is nothing atter all "but protection over again." It is an unin eessary and unrighteous tax, levied not for revenue but for rent; and this is the reason why it is certain never to receive the deliberate sanction of the legislature. What the fate of the preliminary resolution may be depends to some extent on accident, and in a still meter degree on the intensity with which the whip is applied during the next few days or hours. fo escape the ignominy of defeat at the very outset of their financial career, no efforts or inducements will of course be spend by the present occupants of power. But were a nominal majority, by fair means or foul, obtained to-morrow in support of what may be called the abstract prin ciple of the scheme, Ministers would be as far as ever from accomplishing their dishonest purpose. To carry a measure like that which Mr. ()ISRAELI has shown to place in the first page of his Budget, lie would not only need a clear and reliable majority in Parliament, but he would need come potent spell whereby opinion out of doors should be thrown into a deep sleep. There is fortunately as little chance of his being able to count upiri the one as the other; and hence the insidious offers unoffiei .lly thrown out in certain yeerters that the shnnieless change lings arc ready in this—as in ether mattes—toe icld to the will of the country. The H.dget may yet withdrawn. We trust the country will be spared the waste of time and temper which the carrying of even this initiatory resolution would involve. The juggle of taxation has united against its authors J men of every shade of political opinion. Confirm.' tory in many leading points of the views expressed by Mr. COBDEN and other Liberals, we have the matured experience of n financier like Mr. Gout,- Hoax, the • rati lent ILA ass:atant of Sir Roextur PEEL iu all his great alyssums of fiscal and financial reform. The right hon. gentleman told the house last night thst he felt hound to disapprove of each item of the lkrhyite Bud get, with tho single eseep•ion of the modification of the duty on tea. With respect to the Hop Duty we very much incline to the opinion that, consider log the inherent vicionsness of the mode of collection and the uncertainty of the revenue derived there from, there would he wisdom r.nd justice in the Rho- , lition of it altogether. The cultivation o f th e p l ant! now too capriciously and unfairly taxe.l would in all probability he soon extended 't) a considerable degree; and experience shows that there are few crops in which at is more tlesirteole to insure, by this natural and free method, tle a o asitsge , o f a more sway land equable supply. FRANCE. PARIS, MONDAY EYNMINO. I understand it to be settled that M. de Oenniny will be Minister of Finance. lie is a connexion' and a mere creature of M. Pould. Thus, when M. Bineau shall be transferred to the governorship of the Rank of France that unity in the control of the public finances which is considered so essential nil! be per fectly established. There is not tho halt chance of any attention being paid to reinonstraects of some of the senators against the monstrous clauses of the modified constitution. The government journals aro instructed to argue that the vote for the empire must be construed as an expression of the opinion of France against every species of parliamentary gu vernment. They claim, in distinct terms, the un lettered right to exercise despotic power for the elect of universal suffrage. The privilege of concocting a budget in the dark is averred to be necessary to the cause of order. Meanwhile, all vacate its occasioned by extravagance are expected to be tilled up by articles proving that credit can be indetinitively expanded, and the rate of interest led( finitely re duced by imperial decrees. M. Chavoix, the ex-representative, has we itten to his friends, to say that the letter signed with his name, and published by the Mooiteor, in which he is represented to have solicited his pardon hem the Emperor, is a furgery. M. Chavoix say s tl,tt both he and his wife would rather die iu than submit to the degrading condition of the proffered amnesty. Ho has instructed his hiked, M. Jules Fevre, to institute a prosecution against the tete.. All the government jou. mils publish thu following anecdote: Some person. , lately spoke in prewscii of the Emperor of an article published it, an Austrianrura J, and eivieluil terms not wiry levaurahla to the revena lof Alsu.l Prince. This artiilc gave a wary incorrect nit wpretation of the cite.witte addreiewiel to the Senate I y hie Nlateety. With the Prince de Seherartremburg," the Ein peror, "such nuerepresentatione were slot to he anpre• hend•pl. He sod I 'poke the same IllflplllC, and awareelly he would litre better translated the Met, ry st the new CEDrife." The Petrie says it is Inured that the Emperor will leave Paris tomorrow for Conipiive and to main there until the 20th. The following legitimists hare resigned tht it OfliCCII: Count de Ituurr.•Benurent, councillor-general of Montpelier; Baron Julcs Thi , anit de Wiliam), mayor of Vernon (Indre and Loire•); M. Perron! Gressely, municipal councillor of Clivors; M. S. do Planteruse, municipal councillor of Pltstan; and Baron de Berthoult, municipal councillor in the Pas de Calais. When Abd-el-Kader and hie companions left Am bone on Saturday they were received on their ar rival at the Orleans terminus by a muumuus crowd. Three large carriages were in attendance, and eon ve-yed them to the station of the Lyons railway, where a collation had been prepared for them by the company. Daring this repast, a number ut persons of distinction obtained permission to have interviews of the Emir, and several ladies visited the wives of Abd-el-Kader and his two Kalifats Si-Kaddour and Ben lthamy. At about half-past nine all the Arabs, to the number of forty-two, toa their seats in th special train prepared for th in. The family of the Emir is composed of his mother, Johra-ben- Doukka, aged 79, his legitimate wife, Kheira-ben si•aly-bou-Thaleb, aged 32, and three rfjont's, Aicha- Charguia, Barka, and Incha-ben-Batka. Hi, eldest child, Sidi Abdallu, died at Pau, in 1818. The three other male children are&Mohammed, aged 12, bunt at Kheira; Si-Mahrel-Din, aged 9, born at Kbeira ; and El-Hachemi, aged to, born at Aicha. Kbedidja, his eldest daught r, and Johra, aged 17, are married, and reside in Morocco; his two other thiu,;ll;ers, aged 8 and 6, accompany him. The other members of the family of Abd-el-Kadcr are Mohammed-ben- Mohammed, his nephew, aged 12 ; Msouda. his mother-in law, and the mother of Aiche, the wif.: of Kara Mohammed, and her nurse Mubra. • The first section of the railroad round Pat is to connect with each other the different stations of the great lines seds inaugurated yesterday. The train consisted of twelve carriages, which were filled official personages and ethers who had received in vitations. Among the eapindists who attended mere M. do Rothschild and M. B. Foetid. 'llw (lain left the Rouen station and proceeded for shout a Vague to beyond Montmartre, where the company had to alight, and to walk abunt 330 yards to the station of the Notheru Railway, the road fur that distance not being yet completed. At the Northern station there was a train ready to convey them to the station ![ the Stress urg Railway, where they partook of A splendid collation. The portion of the ehestiii de ceinture which has just been inaugurated will imme diately he opened to the public, and the remainder to the Lyons and Orleans stations will be completed in April. ITALY. ROMAN STATES. Our Roman COrlesisond;iit,wiiiiug un the Sth December, describes the formalities of the proclama tion of Napoleon 111. in Rome on that morning, and the impression produced in the Papal court by it. The piiests kept aloof from all rejoicings—the army was eold—Monsignor Amid was in disgrace on account of Politi's escape from prison—flungari.a soldiers were extensively shot at Ancona for revokt tionary demonstrations and desertion. PORTUGAL. (1 , 1( iLtCTRIC 1111.201011"11 SOUTHAMPTON, Use. The royal mail steamer, Iberia, from Lisbon, lims arrived. The ship Geelong. from Belfast, bound for AIN. trails, foundered in the Bay of Biscay. All 1113,ds are rave& The new, of the defeat of the Spanish mini+!ry had caused much political excitement in Lisbon. The ministry was relieving comma tee tram many restrictions. The channel feet is at Lisbon. Exchange i 4. Discount of Liston notes 21 per cent. SOUTH AMERICAN MAILS. The royal mail packet Tevilt, Oiptain arrived at Southampton yeaterd., v. and Inetileil r mails under the charge of Lhatt. J.ll iy, R.N., ratty agent. lier 'lmes are :—Bneh.e. Ayres. NO . ; Monte Video, 4th; hio de Janeiro, 14tit ; Pernam buco, 22nd; Bahia, 19th : St. Vincent , Seth ; Tei.e riffe, Dec. 5 ; !ilnderia, 6th ; Lisb m , gth. The Teviot brings 77 p7sser.ger;, and hr r frei,;fit• includes 311bs. 2 of gold dust, three ot diamonds, and one of Eh Risk coin. No political event ot interest had transpired at Buenos Ayres since the dl-retwe et' the previous mail. Dr. Valemiec Alsine, a pi,'Ncicn (avowable to the principl at fr. ecommeice, hail been elected by the Chambers President of 'teems; Ayres. The official i'enertsso publishes two nets of the (lumber of ltepresent at lets of llaciins Ayres : The first of these declares that the Chamber recognises as a prineiplo the general cotatilimiee uf the Par.i.et to the mercantile tr dlics of ...l nations; witi henceforth declares and concedes it for its parr. and farther saPhori ..t4 the excretive to ea-re out the PlllllO principle as fir to Hamm, Aires, procure the silhisimh of t 1 conterminous provim t a to the same policy. I'ne suceud not couctyks the ic lations of Humes Ayres with l'areguey, whose iv depeitilenc,,. is a zain recognised, and retviintions aro laid down for placing the intereour s r u f the state and province on a litter ..! basis. General Urgiess was still in Lis neon province of Entrerios. Leiters' trots fiusieguayeihu oh the October state that he was expeced there about the 20th, and that zrest W 1.1., being as !At fur his reception. The decree of the Septienher, del,Arring :.:1- tercourse with Buenos Ayres, only lasted three being-revoked he another in the 2:4;.. II e m,. a forces had been disbanded. It n:,• to establish a posit between and M • i• . tevideo; end web rlaillar:va that C.lrril; •t• representative of this province to tiie abortive C,ot grew of Santa Fe, was to be °mini' , Finance to the provisional die COMM (te.ui tar It to r &Nicoll to d. floe t.. tot, Gs itMll bs resumptl ~ to be aporeeteu ...mutter ot lel directory. Ak. . 7 - 11 bIEttCIA , • 11/, e Lrito /'ac BeiN c _ : t . the sitult . o ,--,-, 4 / • N r. oapta.m. s es ei , % - ••• • 3 ,„ _ 4.