The Sun.
London, England, 1852-09-11 00:00:00

ON THE LANDOWNER.

Income arising from land let to a tenant at 3001.
a year (3001. at 3d.) ••• 3 15 0
Capital—i e., the value of such• land at 33,333
years' purchase (10,0001. at 9d.) ••• ••• 315 0

£7 10 0

ON THE BARRISTER.
Professional income 3001. a year (3001. at 33.), 3 15 0
Capitalized value of such income at 10 years
purchase, being the average of the English
life tables, with a deduction of 5 per cent.
(3.0001. at 93.)._ •• 1 2 6
Capital invested in professional education, li-
brary, &c. (1,5001. at 91) . 0 11 3
.. "'

£5 8 9

ON THE TRADER.
Income from trade 3001. (3001. at 3d.) .. 315 0
Capitalized value of the same (3,0001. at 9d.) 1 2 6
Capital invested in trade (1,500/. at 9d.) ... 011 3

£5 8 9
Terminable annuities to be resolved into capital and
income, and charged accordingly.
From the above statements, if the capital is at all cor-
rectly estimated in the respective cases, it would appear
that a tax of 51. Ba. 9d. upon certain incomes is equiva-
lent to 71. 104. on others; or, to state it in another way,
that sd. in the pound on income is equal to 7d. in the
pound upon real property—any inequality in the case of
houses or other realized property, when compared with
land, being duly estimated and allowed in a manner si-
milar to the poor-rate vain
obe-
dient servant, R. C.
N.B. In capitalizing the value of an income, it is not
taken at the sale value, bat at the presumed value of the
same to the possessor. ations.—l am, Sir, your

The extension of the electric telegraph Hurst
to
ELECTRIC ThLEGRAPH.
Castle, in Hants, opposite the Needle rocks,in the
Isle of Wight, may be considered of national import-
ance. Next year above a dozen foreign mail-packets
will pass the Needles every month, averaging one
nearly every other day, on their way to South-
ampton, and the fact of their approach to the latter
place will be known by means of the Hurst Castle
Telegraph two hours before their actual arrival. As
soon as the extension of the telegraph to Hurst Castle
is completed, the Southampton Chamber of Commerce
purposes etiecting some arrangernent wiLti the Post-
office and railway authorities, by which, up to the
latest period of the day possible, the foreign mails
shall be dispatched to London from Southampton,
either by ordinary or special trains, imme-
diately on their arrival at the latter port.
The railway authorities are opposed to special
trains, unless notice of them can be previously
given to every portion of their line. By the
extension of the electric telegraph to Hurst
such notice can be given. It is calculated that, taking
into consideration the readiness with which foreign
wails can be sorted in the General Post-office, and
distributed to all parts of the country from thence,
and considering also the rapidity with which the mails
will be forwarded to London from Southampton, when
the Hurst Castle telegraph is completed, that the ut-
most possible convenience will be provided for the
public next year. By the telegraphic overland ex-
press to Southampton announcing the arrival of fo-
reign packets off the Isle of Wight,
the Post-office,
railway, and mail company authorities will be able to
make every preparation for the quick landing and
dispatching of the mails to the General Post-office.
Practically, it may be said that the foreign mails will
be landed in London next year, for an express train
does not take two hours to get to London from South-
ampton. Now, when the immense staff of officials
in the General Post-office is considered, and the
numerous and direct postal communications there
are from London to all parts of the country, there
cannotmails will be dis-
tributed be
all a
overdoubtthethuatnittoerig
den
Kingdom quicker from
the metropolis than from any other town. There is
not much doubt that the extension of the telegraph
to Hurst Castle will be remunerative. Toe mail
companies, the Custom-house officers, the London
newspaper press, and the Post-office, must all receive
messages by it. The families of the officers of the
ships, the friends and relatives of passengers by
foreign mail-packets, numbers of whom are always
in Southampton when the packets are expected, will
no doubt order messages announcing the arrival of
the packets to be sent to them. A code of day and
night signals must be invented, to distinguish the
arrival of the various lines of mail packets. The
Hurst telegraph will be completed by forming a
double wire under ground from Brockenhurst station
on the Southampton and Dorchester Railway. It is
expected that the extension will be completed in a
month from hence.-11fornzng Paper.:

ADMIRALTY COMMISSION OF SCIEN-

TIFIC INQUIRY.

(From the Portsmouth Times and Naval Gazette.)
His Grace the Duke of Northumberland, First
Lord of the Admiralty, has ordered a committee,
formed of the following officers—Captain Warden,
R.N., Inspector of the Steam Navy afloat, President;
Captain Gordon, R.N., of her Majesty's ship En-
counter; Isaac Watts, Esq., Assistant-Surveyor of the
Navy ; Robert Hughes, Esq., Assistant to the Chief
Engineer of the Navy; 0. Lang, Esq., Assistant
Master-Shipwright of Chatham Dockyard; and
Thomas Baker, Esq., Inspector of Machinery of her
Majesty's yachts, to visit all the
principal ship-
building and engineering establishments in the United
Kingdom, to collect such facts as they may deem
useful for the conducting of the national establish-
ments, and also for the advantage of the mercantile
marine of the country,
Such a commission
as this cannot fail but realize
immense advantages for the national service. In its
appointment and organization we see the benefits
of having a master mind connected with the navy,
practically, at the head of its board of control. Had
such a committce as this been organized and set to
work by previous First Lords of the Admiralty we
think the public would have heard fewer reports of
breaks down in war Steamers
want of economy in
dockyards, and such like hackneyed complaints, whilst
the interests of the navy would have been far better
conserved and the mercantile marine would have
taken a position which might possibly have freed Cap-
tain Penny from
much of that indignity which we
cannot but consider
fore the Committee of I the Arctic search-
ing exploration. so unnecessarily shown him be-
fore on

Whilst touching upon the mercantile marine we
must draw the attention of our readers to a letter '
addressed to a morning contem p orarY, which will be
found in the preceding page from that experienced
and highly esteemed
Oriental Steam Navigation ComPanY —Captain En-
gledue. That gentleman throws out a hint for the
adoption of the Commission now sitting to resolve
upon the most efficacious mode of miming the navy,
which if they fail to officer of the Peninsular and
avail themselves, of we consider
they will deprive themselves of one-las,lf of the means
at their disposal for arriving at a
proper and an ad-
vantageous conclusion for the benefit of the service
to which themselves individually be long.
In the officers chosen by the 39 uke of North-
umberland to prosecute their inquiries into the
working of other establishments, the service and
the country has a guarantee that the work will
be well done. Captain Warden is experienced in
steam navigation, he lately coma:lanai( the Retribu-
tion and Medea steam- , Ca'p'tain Gordon, at
vessels •
present in command of the Encounter, is another
highly talented practical steam of 6". ; Mr. Watts is
a scientific shipwright of the late echo() 1 of naval archi-
tecture at this port, and late master shipwright at
Sheerness dockyard; Mr. Hughes itt a civil engineer
of first class attainments; Mr. Olivet Lang is a rising
dockyard officer, and One of high prod nice ; Mr. Baker
is a gentleman
whose scientific atti linments are not
surpassed by any officer of his class in the national
service. With such men we doubt • not but the ob-
jects of their mission will be atta fined with much
credit to themselves and lasting bene it to the service
in which they are employed. We 11 ope their report
will be printed and circulated for ti le instruction of
the navy and the satisfaction 0f tht) public.-
................. -......

upon the of Sligo, THE IRISH IRISH BRIGADE.--The brig !a de is likely to be
particulß trily precarious. The
diminished in numbers ere the Perlis n tent has set many
days. Mr. Keogh's seat looks
petition against the return of Mr. Town ley, for the borough
TO THE EDITOR OE THE TIMES,
Sir,—With reference to your late articles charged with bribery and intimidation of the
inequalities of the income tax, it will be found, I be. highest character. Mr. Somers 's supporters have taken the
lieve, upon an examination of the evidence taken before matter up in right earnest, and already a considerable sum
the Select Committee, that the actuaries and the eeono- of money has been subscribed towards carrying the matter
mists are at issue upon fundamental principles. against the return of Mr. Cor-
heprosecuted with every probability of sues
out. In Clare, the petition . . ..„
The actuaries contend that the taxes for the nelius O'Brien .
will be proceeded with. -!.ne petition com-
yearnon.qualificalson of voters. At
plains of intimidation and
should be levied upon the capital existing in the year; Waterford,will be prosecuted against the return
while the economists assert that the income or produce of
_r a petition .
g_
lat that the petition against the
Mr. Esmonde. It is thought
of the year should bear the impost. proceeded with.—Morning
return of Mr. Swift will not be
The actuaries require that the actual value of the capi- .Advertiser.
h arson shall be estimated • •
cal possessed by eac. pe period'. TUE RECENT ACCIDENT ON THE BRISTOL AND
tally, and a certain amount thereof set apart for the EXETER RAILWAY.—The directors have visited the portim
purposes of the Government; while the economists, dowse line near Creech, where
dthe accident occurred to the
maintaining the income or produce of trades and pro. express train on Wednes liylas, The remains of the
tessions, as classes, to be equally continuous and per- poor fellow Umberstone, crushed._ under the engine, have
munent with that arising from land or perpetual an. been got out from under the ruins, but the engine itself re-
had -
nuities, require that the income or produce of all shall
__
mains
until the Government inspector visited the spot.
of the
Mr. Moncton, the coroner district, summoned a jury
be equally charged. at the Bell Inn, Creech, at noon on Thursday, who proceeded
The actuary forcibly adduces the inequality of a fleet- to view the body of uniberstone. The evidence of one of the
1 ing income when compared with an income in perpetuity; other servants of the company injured was taken, as his con-
but the economist holds that the barrister with a pro- dition was considered very perilous, after which the inquest
fessional income of 1,000/. a year is indebted to the Go- was adjourned for a week, pending the report of the Govern-
vernment for protecticn in the realization of that income ment inspector.
equally with the landowner, the freeholder, and the AN INFURIATED Cow AT NOTTINGHAM.—gyp
trader, and is liable to pay an equal amm with them for while the market-place Wednesday at noon, . was filled with
the protection of such income. hundreds of people, a young cow in an infuriated state
These arguments may be correct, as the inequality rushedf from its
• fellows, darting off in the d* •
h direction of the
abruptly turned near
complained of by th 3 actuary lies not in the income, but ish-market. It was
made a sudden dashte Feathers Ta-
vern, when the animal
in the capitalized value of each. ground and then paid its respects-
ware spread on the gra ,
To arrive at a true principle, therefore, it would ap_ pots and pans, plates and jugs, which garnisheda to the
pear that income and capital must be separately assessed; lion of theanas; pavement, smashing everything that cLge'por-
e in its
and were it desirable to raise a2i per cent. property and way. The maddened
beast then ran towards T' miber-hill,
income-tax, money being at 3 per cent., income must be where it overthrew
abutter-stall, but was eventually driven
assessed at 3d. in the pound, and opital at 9cl. in the back to its
former quattera withoutdoing further nua h-ef
c 1 .
.—Notte for