The Daily Times.
Liverpool, Merseyside, England, 1860-03-19 00:00:00

is every reason to apprehend will be elected
raider such a Reform Bill, be likely to meet so
enornione a deficiency as that? Why, already
'we are told that indirmt taxation is entirely out
of the question. Ey the present Budget, indeeil,,
Parliament is tying its hands completely in that
respect. And even if the:new Parliament should
'eel dispersed=—which is very unlikely—to devise
.
some effective mode of raising a. large and con-
-siderable portion of revenue; by such means
new customs duties or excise duties, after tom`
principles of finance that are now being estab-
lished, and the arrangements about to be carried
out for giving them effect, it will be impossible
to do so. How, then, we ask, is so enormous a
deficit as may be expected to arise hereafter to
be provided for ? More especially if the war,
taxes on tea and coffee are retained, although
even then there would remain a large deficiency,
and recourse must . undoubtedly be had to
a direct tax; and we are decidedly of opinion,
that the only direct tax that will be found
available will be that of a still augmented
and permanent Income-tax----an Income-tax at
the rate of at least, one shilling in the pound, if
not more, and one which must press with aggra..)
vated severity upon those who are least able to
bear it, bit who find it utterly impossible, by
any ineans, 'to escape from its oppression. Well
amght Earl GREY ask so earnestly as he did, in
the House of Lords the other night, of those who
had beenin the habit of paying attention to the
finances of the country, whether it was desirable
that, an Income-tax of 'that amount should be
inlPosecl and perpetuated P For his own part
'the noble lord is reported to have said, "he
lOoked on the prospect with alarm ; and if any-
thing Ivereiwanted -to increase that alarm, it was
tat
the present taxes Were to be imposed for a
Yer
, only, We were deliberately informed that
tne HcWise of COmmons, chosen by the new and
enlarged constituency, 'was to go into the whole
question, and that what was to be the character!
41 our future taxation was to be left to a Housed
B:_ell6sen." Well might he emphatically add, I
"Lat "it was not wise, it was not prudent, that a
Ilunse elected by a larger proportion than ever
laud been the ease before of those who did not
,colitribute to the Income-tax, who did not pay
'ireet taxes of any kind, should in the first
2unle
• n f its existence have 'to decide on so
giVat a question as that. For the peace of the
'country, for the sake of promoting good feeling
between the different classes of society, was it
was it prudent, to allow a question of that
description to' be raised in the first moment of the
asseniblage of a new Parliament ?" No, -it can
never
wise or prudent to follow such a course
as this- And yet it is one which will inevitably,
be
,followed, if the Ministerial Reform Bill, in
itlir :thing like 'its present shape, be allowed to
Pte,-which there is only too much reason to
al3Prehend, will be the case.

Mt LATEST NEWS

[IrrBRITI6 AND IRISH MAGNETIC TELEGRAPH.]

FRANCE.

l'svo regiments of dragoons, quartered at
IYans, have received marching orders. They
arec, to proceed to Chambers, the capital of
oavoy.

The trial of the Bishop of Orleans is not yet
terminated. ,

PARIS, March 17.

The '3lon-iteur of to-day, in its report of the
last sitting of the legislative body, states that the
election of Ati de la Ferriere has been annulled.
The Patrie publishes a letter from. Turin, stating
that the ,question of the annexation of Savoy has
been, definitively settled between France and
Piedmont. The Pqtrie also thinks itself enabled
to state that the negotiations with Sardinia in
reference to Tuscany are, in a fair way of being
concluded.

The Emperor has received a deputation from

savoy.

Li the law suit against Bishop Dupanloup, the
Attirney-General prOposed, to-day, to reject the'
complaint brought forward by the. editor of, the
Siecle, and 'to admit that of the heirs of the late
Bishop Roussea, who have likewise brought an
action against M. DupanlouP.
The Paris correspondent of the Daily News
Says it is reported that a French diplomatic
manifesto will shortly, appear, in which all
designs upon the Rhine frontier will be expressly:
disclaimed, mid the inference will be repudiated
that because France, for special reasons, now
adds two.small parcels of territory to her empire,
she therefore means to set a precedent for claim-
ing what are called-natural frontiers. '