The Sun.
London, England, 1852-05-01 00:00:00

fclspensed with. Unfortunately, Sir Robert Peel's moral cou-
rage did nct equal his sagacity. Daz.,:led by the popularity
consequent on the remission of indirect taxation, he suffered
himself to be diverted from the strict path of duty, and, for
the sake of catching for the day the applause of the massses,
or possibly of getting into his hands a powerful lever for the
effectuation of further half-formed projects, he permitted him-
self to be guilty of what, in our view, is the most serious fault
of which a statesman can be guilty—he broke faith
with the nation. Ever since that time the country,
financially speaking, has been in all the difficulties
consqueut upon dependence on income of which it had no
certain lease—nay, worse than that, from year to year the
nation has been assured by a Chancellor of the Exchequer,
constrained to live from hand to month, that he was in
yearly expectation of being able to release them from the
burden of the extraordinary contribution of the income-tax,
and from year to year the impost has been grumblingly sub-
mitted to under the influent 3 of a sort of vague hope that
faith might yet be kept with the tax-payers. No one knew so
well as the Government which held it out how absolutely
groundless this hope was. No one knew better than they
that the revenue had been so overprnned, and its elasticity,
so overstrained, that, without the extraneous aid of the in-
come-tax there would be again a deficit as serious as that
which Sir Robert Peel undertook to supply in 1842.
And this is the result of ten years of financial
legislation. The vanity, or the weakness, or the self-
glorification, of its author, call it what you will, neu-
tralised the operation of a scheme unquestionably,
founded on sound principles in the first instance. The con-
sequence is, that Mr. Disraeli has now to deal with substan-
tially the same difficulty as that which the Whigs found so
insurmountable eleven years ago. He has to deal with a great
r avenue which is only kept up by an extraordinary and
forced supply from a temporary source. Mr. Disraeli is uni-
versally acknowledged to be a man of great ability, and
even genies, while those who best know him give him cre-
dit for great powers of application. He has, indeed, need of
all these qualities to meet the difficulties which will even-
tually present themselves for solution. We incline to concur
with the opinion last night expressed by the Chancellor of
the Exchequer, that nothing short of a re-organisation of
our entire fiscal system will suffice for the ultimate settle-
ment of the finances of the kingdom on a permanent foun-
d ation. We sincerely hope the new Chancellor may be
found equal to the emergency. At all events, the general
leeling of the House promises to allow him fair play, and to
support him, with less of prejudice than we have witnessed
for some time, in grappling with the multifarious difficulties
inseperable from his official position.

HPR MAJESTY S THEATRE.
Diacuie. Jot-lea:yr& WIfINTVTA
Mr. Lumley has the honour to announce to tkie nobility, subscrib-
ers, and the public, that the Injunction against Maxine. Wagner and
Mr. Frederick Gye, founded on the documentary evidence laid before
his Honour the Vice-Chancellor Sir James Parker, remains in full
force. This fact affords the best confirmation of the accuracy of Mr.
Lurfney's previous announcements, and thP, most effective refutation
of the unwarrantable attacks to which he has been subjected.