Star. — London, England, 1824-03-03 00:00:00

t k a r Al the stock of • ttis..lcirsaWl C ! - *as in the Maria ild'be iMMedirfiely - disnost . d of; If 'the 'plan ptopesed by the Honourable IGeniierrian "(Na. Maberly) should be adopted: He did not •mean to deny that it might sn ot he poorer to remove the impediments which now eg i,ted to the 'full operntion of the law ; but he could n ot admielhat the' riper rinn Matter of course, ince the whole effyd: - anticipated 'from it. • The tiouourable Gentleman , (Mr. 11c:biro:Ise) pie - faced his f rotion with a great variety of remarks, inany of which ae did not consider appli:able to the subject under con sideration. It did not, however, belong to him to ani seadvett on the course the honourable Gentleman thortieht proper to pursue in thaarespect. He felt him. ;elf called upon, however, to make a few bbsei vatious in allusion to those remarks. When he spoke, in the course ,cif his statement the other night, of the gratification that *most ari-e in the breast of every person, both in and gait of the Hou,e, at ss itnessing the rapid improvement sof the country, he' did so ftont -a conviction that the i m provement was such as surpassed the mo.t sanguine expectations' that any person could have' entertaine.l. 'The 11 inourable Gentleman denied this a he contended that the country had a light to exeect much more. He must say, boa ever, that it was much beyond what the Honourable Gentleman himself had anticipated. He never heard the Honourable Gentlenu'an ' say that he hoped for relief from any other source but a change in the system of repesentation in that House: That was his ecanacea for all evils. Because he (the COancellor of The Exchequer) made use of such language, the Ho nourable Gentleman (M allobliouse) seemed to think that he entirely overlooked the merits of the people, the patience with which they bore the great barthens that pressed on them, and- the resolution with' wliich they met the unexampled 'difficulties of a long war. He hoped he never should be so ungrateful to the peoole of England as not .most willingly to offer thein'every triaute of acknowledgment in his power for the 'firm ness, patience, and intelligence with which they boie up against difficulties and privations; for a course of con e ciact without e Heft, he admitted, that no exertions on the part of that House, or of Government, could have availed. He expresied those sentiments on more occa• stuns than one, and he did not therefore thiniehimself liahle to the reproach cast on him by theam.Gentletnan. The Hon. Gentleman said a good deal on the dissatis faction ohich,lie was pleased to say,the statement made by him produced in the country. He said that much more was expected ; - that the statement was by no Means calculated to conciliate the people for the present, or to a fford a prospect of relief for the future; that it exe eluded all hope of fir therre,iuction, at least - for 'four years. He (the Chancellor of the Exchequer) wisfully aware that the propositions he submitted to the Howe could notain the ordinary sense of the word, be termed popular; that he. might have proceeded in a way much more likely to meet with temporary aPpl reuse out of that Heine. Bat was he to relinquish all those great prig. .ciples of commeice and finance, the wisdom of wilier was acknowledged by every person, both in and - Our 'of the House., who knew anything of the Subject; was he to give up a great and lasting prospeative adval“. cage, lot the purpose of winning a little popular favoue that could be productive of no lasting good ?—(Hear, hear). From the very unpopularity of the course pro po.ed, he thought the fair conclusion to be dr awn was, that Ministeis could have had no object in view, that 'they coula! have been influenced by no motive, but that of seizing the very first opportunity of calling into ac tion those sound principles, which, both in and out of Parliament, ire all enlightened countries, as well as in this, were deemed of the highest importance, and ab solutely essential to the well being of States—( Hear, hear). Of this conduct he was not ashamed, and lie enter tamed no apprehension that he should ever regret it. The Hon. Gentleman (Mr. Hobhouse) did him the justice to say that his ptinciples were right, but yet he thought the course pursued was imOroper and not cal culated to satisfy the just and rational 'expectations of the people. If this were the first time they were called upon to repeal taxes, and that they commenced in this way, it ought perhaps be - said that they began at the wrong end ; that they should set'out with the removal of other taxes. But did the Hon. Gentleman (Mr: Hob--' house) forget that Assessed Taxes to the amount of three millions had been repealed, and the whole of the Assessed Taxes of Ireland? He forgot • that in other branches of the public revenue, which tell heaviest on the poorer classes, in Malt, Salt, and Leather, Taxes were repealed to the amount of three millions more.— He forgot the important measure so highlfapProaid of by the House last year—the repeal of the tax on the Distillation of Irish Spirits, a measure likely to be pro ductive of the best consequence's on the morals 'of the people, without any 'diminution of Revenue. The Hon. Gentleman and the House must see that it would be impossilOe to do everything 'at 'once; that by attempting 'too much, in place of doing any effeatnal good,• they would throw everythieg into confusion. If taies 'to a considerable amount had been already redeemed, Whe ther that reduction had been forced by the exertions of opposition, or brought about in consequence of the ex piessed sense of the country, if Government, when the fit opportunity offered, shewed a disposition to relieve the pressing difficulties of the people, it was too much to charge th em now•with indiffeienCe to the distresses of the country, and to pass a sentence of condemnation a . t a moment when they were beginning to act upon just principles (Hear, hear). When Government shewed a disposition to act upon such principles, and to free the commerce and finance of the country from prejudices of long standing, the wise course for the House to pursue was to give their support to a system which was most likely to erable Government in future to reduce the public buttliens, and to render essential and lasting service to the country—( Hear, hear). It was because he looked upon the course proposed as the first step to motint the ladder, the - lirse advance toward. Whe pieciples, that he called upon the House to take a wider range,. to look beyond the apparent benefit of the moment, and to support the tine of policy he re commended. Though sOrae of the details might per % 0 :tos be liable to some objection, there was 'no one, either iii or out of the-House, who ventured to contend zor a moment that the principles were Wrong. Thete oboe - rations had reference to that part of the Hon. Geetleman's (Mr. HObtionse) speech, in which he at-, ewei, tl.at by the . financial statement Which he (thel thancellor of the Exchequer) submitted to the House a former occasion, the country was pre:Andel hum !finking to any further reduction of taxes for four years to come. It was never his 'intention to produce , such Impression ; nor did he think the onelusion be fairly drawls from anything he then said. He !oak a period of four years, because he did not wish to ;:.cur the risk of holdrfig out hopes, the realising of Which depended on contingencies. Becatine lie was not C.cir disposed to go too far for the puret;se of concalia- ' , tingt/pistobation, h 4 did tSet caletSl tie on the improve ment of the gevenue, .whiCh mutt arise from the ap plication of real commercial principles, and from the. remission of taxes which had already taken place. He did not hesitate to allow that thereduction of taxes was in itself a , positive good, hut hp,fele corifident that no man who looked at she subject with an eye of practical experience would gay that the oieasuroproposed by the llon.Gentleman (Mr. Hoblionse) was, under all the cir cumstances, the most eligible. The Him. Gentleman agreed that the antici,rated incre ase of Revenue from the taxes proposed to.be repeale d this year, would jilt tify the House in m rk..0, , ,r a further reduction in the As sessed Taxes. He (the - Chancell.t Eychequer) felt no doubt in his own mind that . the effect of •repeal ing the taxes proposed now naturally, and even neces sarily, be to improve the Revenue in the cow se of time, but he would not say that the improvement . mnst take place within a limited, period. Let it not, howe,ver, be understood by the House, that when he b: ought for ward his statement on the finances . of the cuuntry, he was so prepos t erous as to argae,p)itat their Revenue was not to increase in•four years, or their expenditure to diminish, and that therefore no further reduction could, be expected within that time ( Hear, -hear, s hear). These were by no means, his views or anticipations,. quite the contrary ; but he abstained from throwing . out any such stivestion, for it appeared to him that nothing was so improper as to entploy language which might posSibly lead the House or the country into an error. The Honourable Gentleman (Mr. 1-1 0 htto t w.) mistook the nature of that surplus,, which enabled him to temit taxes in the present year. He seemed to think it arose pal tly from -the repayment of the Austrian Loan. In reference to the taxes . to be remitted, it was not at 411 taken into concideration. It was quite clear that it Must have bert added to the surplus Revenue, as it was not to be employed in meeting any part of the usual expenditure of the country. The manner it. which it was proposed to dispose of it he had before stated to the House. Having . said this, much in reference to what bait) fallen from the Honourable Gentleman (Mr Hobhouse), he might as well take the present opportu nity of adverting to a subject of very considerable im portance, which had been touched upon by the Member for Midhurst (Mr. J. Mdnck) upon a former occasion. The subject to which he alluded was the Duty on Law Proceedings. He never was insensible to the'evils arising from those duties---(Hearj. Ile did not mean to say that when he formed his financial statement, he was so strongly impressed with the. evils which do, and must result from the Operation of duties of this nature, as he afterWardswas. It was a fault, he admitted, that the repeal of those duties did not enter into the plan which he had laid before the House. ' He was now, however, so deeply impressed with the infinite. evils(tbat . svi , r.) he thought was not too strong)--(Hear)—which arose front thoie'duties, that he had endeavonred, by all the 'mean's 'in his power, to find a:Wiaa:by which they might liereduced—(Hear, hear.) Alitlit was with the greatest possible satisfaction he could how state to the House,, that thwe duties might be redoced, and that too, with-, out in the sli;-htest 'degree. infringing on the. financial calculation:Which he had 'already laid . before Parlia, Mein—At/eat, hear).. He_knew, that by 'this statement, he exposed himself to the reproach of not having con. sidered the subject sooner—(Hear, hear, from► both sides of the House). He was extreotely.happy to find that 'this Was not the case, and he felt most grateful to the House fur the manner in Which it had received his marion—(Load cheers). He repeatted, that these taxes oa law proceedings were productive of infinite evil, and that was no exaggerated representationof the effect. They were nearly a century old, but this was no argument in their favour. The only argument he ever heard in sit pport of their continuance was that they prevented litigation. This he doubted ; but whatever glad they might pro duce was ten thmisand times less than the evil, if they were the occasion of depriving one single man in the country of justice—( Hear,. hear.)--Before stating to the House how hi; meant to affect this object, he should !first mention, that on iaijitiey into the subject, he was . rather surprised to fi nd that in fact those doties did net exceed 180,0001. in England, and about . 20,0001. in 'lreland. Supposing these taxes to be taken off, all they Nwi old have to meet was a'deficiency of 200,6001. There', were two ways of doing thisfiist, by finding other resources, or secondly, by a reduction of expense. He. was not going *to . propose any other tax as a substitute: But in the calculation he made, in.a former statement,, of the revenue likely to be received, he omitted to ad vert to a growing branch of ittre meant the Crown,. lands. The administration of them was under a pal calar department, devoted exclusively to the purpose, and their product since the arrangement of the Civil List was, as the House knew,_ applicable to the revenue,: and was assigned over to the Public. Many objects of, great importance, such as the pregervation of the Royal Forests, and the supply of timber 'for the Royal Nayy, were connected with it. From the improvements, par= ticularly in London, the produce of the 'Crown lands had Considerably increased ; but that increase had hitherto beenpore' than absorbed' by the expense attend ing the formation of the new street, under the Act of Parliament. All the surplus produce had been devoted to that object; 500,000/. having been borrowed at an in terest of Five per Cent. which had since been .reduced to Four per Cent. These expenses had, however, ceased; and the Revenue would now be availeable for public par poses.For some years thi , , branch of Revenue had returned very little to the Exchiquer. The only sum he believed *as about 0001. or 10004 from some alum mines in Yorkshire. On liaikinganinutely into the accounts, he found that in 1825 a considerable sum would be paid into the Exchequer, which wool) go on increasing up to 1827, when it would be no less than 100,0001. 'This, the House must see, would beaufficient to make up for half the amount of the tax proposed to be repealed. The other half he proposed to make up from savingsto,arise •in consequence of regulations now in progress fora Mote economical collection of' the re: enue( Hear.) He was authorised to say, that from the improved . mode of col lection recommended by the Commissioners, an addition of 100,0001. to the inconte-of the country would be made. lehis statement on a former night, he assumed no more than an increase of .50,0001. on the collection of the Cus toms. fie war now happy to infoian the .House that a saving of 100,000/. might be . contideri4y anticipated from that source. It gave him i the greatest satisfaction that this sum Might be applied to so desiratile an,object, without infringing on Of df the pytneiples,99 which it was proposed to :itt—( Hear.), It was n ot necessarx t flar him to follow the Honoui able , It for ,Wes*pn?ter all those oojections %Ouch he made to the. aßplica- Lion of a part of the surplus to the liaildino.pf Churches. The Hopourable Member made one very adpis sion. He said. he wOuld not . object ,to . ..the:eseetion of new Churches, if 4 . necissity. fp! t it s could . staeaat!.7-r Nothing could be More lair than this. If the necessity • - . - was not shewn, .he could not • etpect that the Hosisi would give their appiobafion to. the "grant. He was prepared to prove that the triop l ey granted,for ,a simi lar purpose before had been properly, and jadieioursly applied,, and that the. &ether "am- proposed was. ne• cessary. He 'should:6'oooler night have gone fully into the subj ect , *as regarded the expead,iture of the 1,000,0001. before voted, but he did not tht.n. think it would have been agreeable to the Il.tu,e to go minutely into all the details of what had been done.— It would he no very difficult tok to skew, that great advantage must arise to the gene:al interests of the com munity by the ex,lenditure. of the Kul ther sum proposed for the erection of Churches. That, however, was not the subject at present. It did not at all affect the question between him and the Honourable Gentleman ( Ir.l lob house). 'Die Honourable G.:a:lei/kali was involved in this radical error —(Loud laughlrr). Ile begged pardon, he meant no Alltiston. The liotiourairle Ge.itlanm.was involved in this error, namely, th tt he assumed that they conk! Aur..l to re•nit one mil . ;i4ln mere of taxes in addition to th•-se it was proposed to , take away ; and the Honoitrals'e Gentleman seemed, t o thick that this .'tight be done by a differrot applicati:m o f the sum received from Austria,. by appiyinB, fir instance, .50(),0041. to the remission of taxes, in place of build ing Churches. Tie- Hollow able Gentleman did not consider that the 5J0.000/. ptooosed you the et.ection of Churches was lint annual 111COMe to that amount. It was merely a Slim to that amount paid by Austtia. The Honourable Gentleman's plan might do very well for this yeas, but what were they to do next year ? How were they to meet the deficiency that would arise front , the repeal nl taxes to that amount.? He did not mean to deny the val..e of. be objections made by the Hon. Gentleman as to the pressure of She Assessed Taxes on the people. They pressed heavily on the people—,they pressed with peculiar severity on sonic. classes. But' it shout' be recollected, that since the year 1821, a re, diiction of those taxes, to the 'amount of 2,500,0"00/. fob England and Ireland, had been effected. It was no-i , thetefore, because he denied the pressure of those tares that he could not agree to the proposition of. the Hon t l Gentleman, but because he wished to begin at the light L end, by adopting measures that would ultimately lead to the Honourable Gentleman's own view, or to some other that would move equally beneficial to the people, He had blamed the Government - for a step which had been taken last year with respect to the collection of the house and. Window Tax ; and he referred to a cir cular letter which had been sent by the Treasury to 'the 'different tlx-colleaors, directing them tore, survey - 1 certain houses, and, whereat appeared necessary, to make a surcharge; ,as h was clear, if those surcharges were brought to bear, something considerable would be gaioed; He was glad of:this _or-port : o4y .to give the House some explanation of what the Government intended by that letter--..what tea on guided hi in sanctioning the survey, a;:id . %hy. he afterwards directed that none of the surcharges which had been made should be' eni;? force.!. It appeared, as the subject had been brought! under his vier, that in the count' y a great. inequality, prevailed in the mode in which houses were assess.ed:. • some, indeed, were not assessed at all ; whilst many houses, in the same relative situation as to site, conve nience,. and ealue, with others in the same neighbour hood, were assessed a: different rates. It was not un-, usual to find houses assessed at a much higher rate than., other dwellings in the neighbourhood v hich paid the same,rent, Now; the essence of a tax of this kind wasi equality and justice ;,and if an evasion was effected by one set of` persons, those'Who paid the whole tax were actually robbed of that portion of msiney which they paid over and above the sum paid by their neighbours. He therefore thought that Government ought, at all events, to examine whether this alleged inequality did exist; and if it slid, it then became their duty to see that it was' levied fairly and equally on all. He was led to .bei:eve that the inequality retailed to such an extent, that if' it were removed, and all were obliged to pay alike, the pro - duce of the Tax woad be raised considerably above the average of the last year; but he never tlontemplatesi screwing this money, at the existing rate, out of those. who were subject to the Tax,, He thought if the-full., Tax were gathei ed : from alt those who ss , eie b.outid to • pay it, and if, in consequence, the amount was greater than in the preCe4lng year, that he would he then - boand justice, consistency, and fair dealing, to come down to the House, and reduce the rate. in proportion to the increased productiveness of the Tax sist,er, the,.. g .receding year—( Hear, hear)., —But his ob.iect was . misunderstood, and when he found that clamour and misi-epresentiition. had gone . abroad, he directed that those surcharges should not be enforced. He, however, felt it necessary to say, that this system of equality would still ba pur sued, and that the surcharges should. be cootirined, be .cause it was. most unfair that one nun should escape the operation of a tax. at the expense of another (Hear, hear). —But if the result were a collection 1.,f ditty to a greater amount than formerly, that woad furnish a vet y good reason for lessening the rate of .the Tax —(Hear). He had now touched upon the principal topics alluded to by the Honourable Gentleman. It was not necessary ;o,go back to the question of the Sinking Fund..lt was , no part of his duty to weary the House now with argu ments which he had employed before upon this subject, and, as be had a right to conclude, with satisfaction to the House... Unless_ they were prepared to alter the law passed last Session, they mast adt - ipt rropos:tion• in preference to that of the Member for 'Vs'estminster. H. would now leave the question to the He had 'never shewn any indifference to the wi•iies or the feel ings of the people; he not, and he hoped never. should, court popularity by an:acquiescence in what he knew to be inconsistent with their real interests, but: always acted from an honest and sincere desire to dis charge v...hat appeared to him to be his duty—( hear.) Mr. JOHN ail said lie took credit tohimself tor having called the. attention oi* the. Cilancellor of ,the Exchequer to the typortutrity.of conferring a suisstati tial benefit.epoo the country by the repeal of the duties on law proceedings—(dear). He hoped that Right Hon. Gentleman would persevere in the patriotic and honourable course which he WAS pursuing, and lie might calculate upon reaping a rich re and re the gratitude. of the country. Upon tie 'abject, however, .he, (Mr, Smith) differed - pith, hies ; namely, as to the applica-. 'Lion of .5j0 . ,W01, to biril3ing Churches. Flourishing as the country was, it sill had many burdens pressing upon'it, and this sum could be more beneficially:g(n . ployed in remitting taxes Lisa& in-budding Churches,—; lillear). A mares first duty was .to pay his ecbto hiss .seetii,l, to see that those under him were happy.. SoiC w;is'with a State.. When we had'paid -, our debts,:arpd made cur people comfinkable, then Ate, might 'bekip- to ithink.of. hoild.ingsChLircltc!it, .:A 41IficoltY existed the . pre:.entation of elczgymen to Churches, 4y . 1411, 0 1f li t was•rertioved§ would .afford. entouragopeut epqugh for building both Churches and Chapels, even if money 41 1 4J ra sairmeetgroraitarptreposeta! Ax to! the Sink. ing Bondi , he•did-nottliok-that.we were justified in keeping it up whilst the people weire opplesved. • - .Mr..GIPPS sepportedebe grime foe buihilagashurches, and referred to. this- last Report of the Commissiosters, to shevr that they hadfbeen ohliged,,ini many instances, to reject the application of . parishes for want of funds. Mr. WHlTMORE:recommended to the Cheneelliir of the Eitchequee to make some altteation in' the,Coin Laws. • It was of the utmost importence'to the pro -ducers and consumers that these laws should.beit laced eepon an equitable footing. He was an advocate for a Sinking Fund, and thinking any further reduction of taxes ioconsistent with that, he should vote against the present 'Motion: , ~s „.. ,- . . . Lord ALTHORP said :he should vote for the Mo tion. Ile conceived, that in order to diminish the bre den of a debt bearing interest, it is the same thing whe ther you redeem a great part of the :capital or reduce the. annuity arising nut of that capital. Suppose a Ca pital of debt at ten millions, upon which an interest-ef [five per cent. was payable, way it not the same whether vou reduce the interest so much that its general ailment I will be lessened—say one-eighth, or redeem one-eighth part of the capital, upon e filch of.cotirse interest will be no longer payable? The Sinking Fund had for its object to redeem the capital, but tie would reduce the interest. This might be done by reducing the rate el interest upon money generally, by which the public creditor would be obliged to looser his interest upon the debt. At this moment the interest upon money generally was low ;. why was it so ? Did it proceed from the small operations of the Sinking Fund? Certainly not, but • from the increased 4. earth of tee country. Increase.then that wealth, by the remission of five nrillions of taxes, and the interest on the debt will be eventually dirainisl.ede To think• -of redeeming a debt of 800000,0001. by 5.00 r,000!. a-year seemed absurd, but circulate these .5,000,0001. amongst the peOple, and commerce will be stimulated, wealth increased, and the interest upon • . money lowered—(Hear). Upon the ground then, that a s . i. a -.• -ase- .. Is'e 1.0, .: surplus of revenue over expenditure was impolitic at Na , -•a% .• ., A this time, he should support a remission of taxes, and, • iia' asahete was none which had a better claim than this to be repealed, he should give the motion his support.- Mr. BARING said, that if there mesion of ntax. was . to depend upon the question of a Sinking Fund or no!: Sinking Fund, he (Mr. Baling) should certainly vote for the maintenance of thelatter, however unwilling he might be not taremit the former. Witheut, however, admit ting that the present question was involved in that is- sue, he would endeavour to reply to some of the. Noble Lord's arguments, more particularly as they seemed to have made some impression upon Gentlemen. at this side of the House. The Noble Lord had stated truly, that the debt was a perpetual annuity, of•which the ca pital might be taken to he that limitation of amount at which it -could be paid off. And from this he drew *the most extraordinary inference, that it was the same thing to the Stockholder whether his interest was re duced from Four to Three and a Half per Cent. by law, or whether, by depressing the tate of interest in the market generally, you reduce him to the necudity of lowering his interest, as if you had offered .liim the alternative of doing so; or being paid off. Bat there was this essential difference in these two modes of pro- . ceecting : that in one • case yon fulfil the contract with • the public creditoo---(1/enr),—you off:r him his 1001. and give him tire option of disposing of ices he thought proper; whereas here, by creating an artsitrary.redue tion of intered, you compel him to lower his demand without leaving him any discretion at all. Lord ALTHORP disclaimed the meaning imputed to his %voids by hie Honourable Friend. Mr. BARING cnntinut d.—He did not wish to misre present his Noble Friend, but such was the idea the words conveyed to his mind. Bat, abandoning that point, his Noble Friend had maintained that the price of Stock did not depend in any. measure on the trifling operation of the Sinking Fund. N w, he. would say on the contrary, that it did entirely deeend on the opera tion of the Sinking Fund. The rate at which Govern ment borroaed money •was always measured by their credit, and that credit was enhenced by their Fayingoff. In Holland, now, and in France• at one time, Govern ment could not raise money many. teats above indivi duals. In Holland money may be had for two and a half per cent. upon good security, by an ilidividual r hut the Government will not get it at five per cent. because their Revenue is not equal to their expenditure. -Who could say whateould be asked of this Gra ernment in a hundred years hence, if we . were always borrowing in war, and never paying in peace ?—(fiear, hear.) — The Sinking Fund had brought its through our difficul ties, and would be still a stay to us in time of trouble, and was now to be calculated upon in this country. O.casions might arise to force the country into a war. Suppose this occurrence had can place in a country where there was a revenue calculated to meet its expen diture. A question of war arose—you wanted to, make an armament=to speak to France or Russia, or make a political demonstration—would it be wise, or consis tent with the interests of the country, fur the sake of a passing cloud, that might begone M a month, to derange theinterests of the country with taxation ? You wanted 25,000,0001. extraordinary ;no system could be. more - wise than to borrow the sum, and wait till the return of . peace for its gradual reduction. The Sinking-Fund had got a bad name, and had grown a little into. ridicule — (h eer, hear); but taking. it as a surplus of Revenue he mail - stained we could have ho credit or security, ur any respect in a foreign country, without i . Any country in Europe would laugh at used we made declarations with our pockets empty. Better have an Army and - Navy in disorder than a • Treasury, which was the real source of power. In alluding to a further reductiop in taxation, the Honourable Gen tleman said he did not think the repeal of the Salt Acts air object. If you consulted people out of doors; they would tell you the present duty was very little felt— (Hear, hear). Ask them what taxes tl4ey considered pressing, not one in a thousand would think of salt. The preselit duty did not prevent its tr,e in agricstitaie. On _ the question of the Silk Duties, he objected to thein being taken off, the manufacturilig interest being in a thriving state. The repeal of the Window Tax %souk!, :howeeer,giee more.setilection to every class t.f. peop•e. He considered the course laid down by the Itiala Ho nourable Gentleman 'not only ctinsistenta with the cha- • raider, fecurity * . inc and 'resaectability of the country, but e most effectual .. . t rans of arriviuget Whet everybody "T • • *anted; the'faie :alter ()Labe people 11-01 1341440ful• ''''Lord A LTHORP eeplained..l. - iis LlonotrrahletKriend, ;late, Netplier -fot ,Tau 'nen, lied enjoinder - stood thesecoi:e of : hiiyollservetitios. . Jle"did,pot mean to speak of the -etivctaahicii woukirestrktdoalie.Stockafromliayiog ao ar.e a sum * in the!-pockets•of the people,, but , what agdi 'j 'uld be the effects of that - in increasing the cavital of the country, , a., „.,. . . . , 1 ..„•.,.:;..., . 3 , r. ' •. • R • • *, - m a i r .. 7 " - 01 ,- 7 • ••• ..- t