The Express.
London, England, 1849-02-27 00:00:00

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&WM will be arida plik Os ~lag al W Ilikb Feb.

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of the 7
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Aden. Ceylon. India, klewodiong, and Ws bouthenir ton. wit
be made upon the womb. et the 30th Menda.

TO CORRKBPO!CDENTS.
•.. ad•rdidll•Mt. in ix " The Cs prem,- Landes maim pwr.enust
be at tee *for, !), Heaved* meet. by Two ulluck as Wily pablisailuo.

MOH WATER AT LONDON =IDOL
Tr Me —nosing. II oda. pin 4. Afrivoma. 10 Ws. pat S.
T.llmasyr —maraw, fYJ. pan O. Alassassa. SS 4418. 0•44 S.

LONDON, TUESDAY, FEB.
FINANCIAL reformers have gained knowledge at
least from the debate of last night. They know, first
of all, that they have nothing to expect but from
their own exertions and from popular support. Par-
liament will remain deaf and apathetic as long as it
durst. Moreover, financial reformers have disco-
vered
the exact line and position which their
opponents have drawn, and which it is their
intention to take up. And we must ewe that in the
views of defence the whip are not maladroit. For
whilst Mr. COBDEN takes his stand upon the
expenditure of 1835, Sir CHARLES WOOD de-
clares that he takes hie stand on Sir ROBERT
Pries budget of 1845. Sir CHARLES has,
it seems, infinite deference for Sir ROBERT's dis-
cretion and authority, especially in the matter
of military defences, and be completely creeps
under the gaberdine of the ex-minister in the matter
of estimates, and thus orals whig and Peelite alliance
against efficient economy. In the lauded budget of
1845, army, navy, and ordnance, were each about
ha f a million under the estimates just proposed
for 1849. This million and a half is to
form the limit of even prospective economy,
as long as the aristocratic parties are in power,
and have a common understanding. Adieu,
therefore, malt-tax repeal, window-tax ditto ; adieu
further reduction in the excise. The status quo, or
some insignificant figure below it, is to form the
normal burden to which the country meat perma-
nently submit.
And yet the CHANCELLOR OP THE EXCHEQUER
fully joins with the member for the West Riding in
admitting, that was peace more solid ; never
were foreign powers less capable of even meditating
aggression ; never was war more remote. Why then
sot recur to the military force of 1835 ? Why pre-
serve the 5,000 men added to meet Russian inva-
sion, and the 8,000 raised to put down Canadian in-
surrection, with the 6,000 more due to the Newport I
riot, and so on to the tune of seven millions star
ling? In vain does Mr. Mu.foxa GIBSON ask,
what the Wu-office and Admiralty do with these
150,000 men? The only answer is—We have got
five new ports in China to overlook, and we have got
the savages of New Zealand to awe. These are the
additional calls on army and navy since 1835; and
they require an additional expense of seven millions !
Another grand argument was, that our army under-
went more Lordship than any other, that it braved
every clime, was shipped from the frigid to the torrid
sone at great expense of health and life as well as of
money. True no doubt this is, and it is precisely what
is complained of, the sending men and guns from Eng-
land to the antipodes and bringing them back again,
instead of leaving each colony in a certain degree to
defend and take care of itself. It is clear and
plain enorigh,that without a change in our colonial
system a . great diminution of our domestic
taxation is impossible, sad Sir CHARLES WOOD
merely meets the demand for economy by pleading
the very abuses and absurdities of colonial defence.
The most useful and admirable part of Mr. COBDEN'S
swas that in which be stated, lucidly and
, how colonial reform was a consequence of
trade, and how Englishmen could no longer
coasent to be taxed for, (in the majority of the taxed
°boom) the more wealthy and better-provided
.colosiste.
The debate turned much on the comparative
burdens of English and foreign taxation. Mr. COB-
DEN calculated our own at eighty millions, all in-
cluded; the French, even in their year of revolution,
at not more than seventy-two millions. Sir MURES
WOOD followed up the comparison by stating that the
expenditure of levying the taxes was in England but
percent., whereas, in France, it was 11} per cent.,
and in Belgians 43 per oent. There are here several
mistakes. It carts us seven millions to raise sixty;
surely this is more than six per cent. France, In
addition to customs, raises revenue by monopolies,
such as those of salt, tobsooo, and gunpowder. Each
shop for selling these is a government appointment,
end leads
etrorgest expenditure and abuse. Why
should we ourselves on being above the fiscal
barbarian our neighbouis
Mr. Emus followed out another branch of com-
parison, and attributed the warlike spirit and exorbi-
tant expenditure of France to its division of
The concentration of property in a few handl:Tit
clued to produce a much more economical govern-
ment I Good heavens! where have our eight hundred
millions of debt come from P Or granting that
France, since 1830, was prodigal, how can that be
considered due to its de , when its government
was based on a chamber by some 50,000
electors in a nation of thirty-four millions ? Is not
France another illustration of the fact that the most
expensive of all governments is that which calls itself
constitutional, but which is really the government of
a limited, and consequently of a greedy, and self-
class

It was not easy to follow the involved and some-
what desultory statement of Sir Camas Wool)
respecting his anticipations of the financial year.
He admitted that, in consequence of the cessation of
the oorn duties and China money, and of his not
being able to keep down the estimates by 4, appro-
priation@ in aid," he would have 1,360,000 L lees to
count upon than lest year. As, however, there
is a redaction of 1,447,000 in the army, navy,
and ordnance estimates (he doubted there would be
none in the miseellanecim estimates) be expected to
be able to make both ends nest notwithstanding.
And be caseludsd by stating that, inasmuch as last
year's ordinary expenditure (ezeinsive of the cost of
the UM: war and the outlay for Irish distress) was
lees than the income by 370,00 W., he thought himself
quite safe in promising that this year's expenditure
will be within the mane. This is tolerably vague
and hazardous.

—The risnit—si the diviiioa may fairly satisfy the
refannera. Eighty Totes in the House of Oessesems
ifer a reduction of ma millions, and as an emendeasnt
Who committee of supPlit i. Iran*. And we
are g
-lad to see, notwithWmiftg adoration of
Mr.Hunias, that several peelsslienist atindlllll for
counties voted he the asslin. Mr. Fuwiir, Lord
RENDLEMAlll,Sallf&DirintoND,mambsreforoar
southern counties, 'Med with Mr. COBDEN. no