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

Venue, and that, within the merest tide, the whole of that
lam had been made up by the increased consumption.—
(Hear, hear.) But the Hon. Member for Huntingdon had
said, that if we pat into the pocket of any one 51. every year,
it was no very great matter if at the end of ten years we re-
ceived back a present of 101., or even 11. or 21. during the
time. The Hon. Gentleman seemed to think that that was a
fair representation of what had taken place. But was it so?
The Hon. Member said, that since 1816 the Government had
had 5,500,0001. of income-tax. But had the whole of that
sum come to credit? It had not. 4,000,00e1. of it had been
employed in making up previous deficiences. He held in his
hand a return which had been obtained by his Hon. Friend
the Member for Liverpool (11r. Carwwell), from which it
appeared that the deficiency of the public income in 1842
Was no less than 3,979,000/., while the income-tax imposed
yielded only about 5,600,000!., thus leaving only an avail-
able stun of I,6oo,oool.—(Hear, hear.)
Mr. T. BARING.—But that was only for one year.
Mr. GLADSTONE. —But that was the first year of the
'intern. And then his Hon. Friend spoke of these great re-
duCtione as if they were recently made; but the tact was,
that the great bulk of these reductions were made in the
earlier years of the series. The whole amount was
11,000,000/. odd, but it was found that 7,000,0001. out of
tjnell,ooo,o3o/. were reduced before 1845.—(Hear.) Then, if
his Hon. Friend would compute the period of the year during
Which these reductions had been in operation, he would find
that this reduction of 7,000,000/. had been in operation dur-
ing 1815. The income-tax, too, it must be remembered,
uid not at first Come into play for the purposes of relief' from
taxation, except to a limited extent. But the whole of the
reduction of 11,060,0001. in the elastic portions of the re•
venue had been replaced by the increase of the commerce
and trade of the country.—(hear, hear.) In 1142, when
the income-tax was imposed, the revenue of the country
Was 47,000,000/. In 1845, when the new commercial sys-
tem had been in operation for three years, the ordinary re-
venue of the country bad so entirely recovered from the
effects of the reduction that it amounted, without the income-
tax, to a larger sum than in 1842.—(Hear.) In 1845, when
Sir R. Peel made his financial statement, he give the
House the option. lie said the income-tax had done its
work, and that the system of legislation connected with it
Might be abandoned. He gave the House their choice be-
tween either continuing the income-tax, or stopping the com-
mercial legislation begun by its means. The House wisely
chose the former alternative, and the results they saw in the
figures before them. It appeared to him that the Right
Ron. Gentleman (the Chancellor of the Exhequer) bad,
in justly disregarding any momentary advaetage which he
might have gained by attempting to meet the wishes of one
class of the community, or in giving a reduction of taxa•
tio a which the circumstances of the country uid not juatity
him in making, pursued a course which had entitled him to
public_ approbation. Nothing could be plainer than that
the connexion between our commercial and financial policy
'a" such that Parliament could come to nu decision
upon the one without the ()thin They were now looking
to the verdict of a new Parliament as to our new policy, and
when we reached that full and final settlement as to our
commercial policy which we expected from a new Parlia-
ment, the time would also have arrived to deal with our
flame financial policy. - (Hear, hear.) The Right Hon.
Gintleman not only deserved credit for the clear and able
statement he had made, but the higher credit due to him
for the wise and prudent course which he had adop ed, and
in which he deserved every support, in supporting he re-
venue and credit of the country. - (Hear, hear.) He en-
tirely agreed with the Hon. Member (Mr. Hume), that it
Was the duty of the House to see what remissions of
taxation could be effected, but that it was not the duty
olsthe House to anticipate reductions in the expenditure
"uich the finances of the country, would not justify. He
Was sure that the House would rally round the Right Hon.
Gentleman to repel any such demands, and to carry on the
fieeneeces and credit of the country in an unimpaired, healthy,
aim sound state until another Parliament should be in a con-
dition to give a full, fair, and impartial consideration to the
aribjeet.—(Hear hear.)
thelir• H. BAICLIE said it appeared that the total loss to
, revenue from the reductions alluded to had only been a
;Lee more than 1,000,0001. [Mr. GLADSTONE—" No, only
*""1000/. or 200,0001." j But tne Right Hon. Gentleman for-
got that during that time the populae ion had increased
'oft millions, and that there bad arisen from this cause a
•letisiderable increase f consumption. For exam
thple, there
had been no reduction ion the tea duty, but during e last ten
Years the amount received from the tea duties had increased
Oise-third in amount.—(Hear, hear.)
Mr. WAKLEY said that the Chancellor of the Exchequer
had shown how aemirably the commercial policy of the coon-
bad worked since 1842, and he admitted he deserved
credit for having done so. But there were Members on his
(the Opposition) aide of the House who had through much
abuse consistently, zealously, and honestly supported that
lielicy.—(Hear, hear.) 'There was another party, no doubt
as sincere and as honest, which had vehemently condemned
that policy, and first and foremost among that party, and
the'most eloquent of them all, he placed the Right Hon.
Gentleman.—(Cheers.) They had now brought the Right
Gentleman to acknowledge, with a candour that did
!um ififinite credit, that all that they (the Opposition) had
beets doing had been right, and that all that be and his party
had been doing had been wrong. Would to God Sir Robert
el had been alive, to listen to the elaborate and profound
et homage paid to hiiia by the Chancellor of the Exchequer in
he eZposition of the facts that he had submitted to the
tieuee to-night. - (Hear, hear.) Homage of a more exalted
th
tharacter or' more calculated to increase the admiration of
4. country for the memory of that great statesman
never made either in a senate or any other assembly.
(Hear, hear.) The Honourable Gentleman (Mr. T.
ciLing), it was said, was to have een the Chan-
ism"' of the Exchequer of the present Government; but it
eitre,ared from the objections he had made that the country
pro not have gained much from him,because be highly ap-
th-ell Of the do-nothing policy of the present Chancellor of
„sin th'le..ecluer, and the country would therefore have had
Ensue Ron. Gentleman a do-nothing Chancellor of the
ctiltsrsl,oet• The Hon. Gentleman maintained that the agri-
et colonial, and shipping interests were suffering, and
klzeh'e would do nothing for them. Ihe Chancellor of the
Pees, 'leer, after having marshalled and re-marshalled his
• 1111.,_' gave the word "As you avert !" He had, indeed,
(11,30 wed out something for the future, but he (Mr. Wakley)
41._not like the shadow, and fancied he shoula like the sub-
Lico-7eudeestill less.—(A laugh.) The Right Hon. Gentleman
to
indirect taxation, but was not favourable to direct
'eX "' Now, he (Mr. \Vakley) infinitely preferred direct
1t n• ,
the e • When the people were directly taxed they knew
direct extent extent to which they were robbed; but when in-
the dazes were levied on articles of general c.tnsumption,
the s'uvernment accumulated an enormous revenue, and
Pe -.I P
he scarcely knew that they were robbed at all.
we,i7Ould ask of the Right Hon. Gentleman was that
corod ri Pursue that odious phantom no further. He
latity
of him that he was mistaken as to the unpopu-
tles th.
:a property-tax.—(Cheers.) What was unpopular.
Lees," Lecome-tax, which taxed the fruits of industry in
in esh-reke
laseProortion as realized property, and also the manner
om the
ne, u law was carried out.— Hear, hear.) r
hawnor •
ed. wince' the Income-tax Commissioners had be-
trapoe: `,.‘ might be supposed their desire was to get rid of the
sables by tormenting the people until tt became intole-
eee ,s
ireorment them they did in the most unjust manner;
tel-1-1• ncome-tax were continued, it would be necessary
s
'taringsome means for relieving the people from the
aai4 Processes to which they were subjected by these
41, Lioners.—( Hear, hear.)
keh'e`v• WILLIAM a complained that the Chancellor of the
'l6,oe(ren had reduced the surplus of 2,100,0001. to
teishu,, and did not propose any reduction of taxation. He
debt_ `' 'which
his attention to the interest of the unfunded
was at the rate of 2/. se. 7d. per cent., while
,44toz m the City, upon the same terms, only obtained three
Inus'rere Per cent. The present premium on Exchequer-
hwas
gh.
i5..150 per cent. on the amount of interest, and the
,e7on. Gentleman, by reducing the interest, might add
8;1)1• more to his surplus of 460,000/.
ten„`f e• TYRELL thought there was no reason for the glo-
-'t'Oa of Hon.
oeieGentlemen opposite, for the budget was
tfer a provisional one.—(Cheers and laughter) The
ti;eitettlaltor of the Exchequer had said that the finances of
kid that ry were in a prosperous condition, but he had never
Colparticular classes were not suffering distress. The
ings were not at all incompatible.—(Hear.)
dnel SIBTHORP confessed that he bad experienced
se7j,derable disappointment at the statement which the
Cgmt Hon. Gentleman the Chancellor of the Exchequer
ad made to the House, and he was fully justified in cherish-
lug that disap
Caine-from t.hTePio:pile)ooste side:
*nil:Elea in consequence of the cheers that
lanaos et dons ferentes."
He would not place
they had 'shown with Y reliance on the admiration which
reritterd to the statement of the
Right Hon. Gentleman.
prosperity of the country.—.(t(aCuolonel Sibthorp) denied the
previnciaighter.) From inquiries he
had made in various
honour of consulting, he was full t'"as
which he had the
justified in the opinion
te had ventured to express.—(ear
•
fax He was disappointed
thetntimation that the income-tax He
to be continued.
de would almost say it was a breach of faith to continue it ;
he would protest against it, and whenever he han o r
as he
wase couldonly taogPbaPoi
in
t.lll[lity of voting he would vote as strongly
lk(llear,) It was said at first that it
4.Peration for a short period ; there were three years, and
`area
11 years, and one year, and they could not say how long it
18 to continue :
Rustiens expectat dum defluat amnia, at ille
Labitur et labetur in omne volnbilis amine."
4 kr. REYNOLDS said, comparing the speech of the Eton.
stt Gallant Gentleman who spoke last, with the speech of
10ebRon.Gentleman who preceded him, there did not appear
nee! Perfect harmony on the other side of the House. Gen-
eoe
tele on that (the Opposition) side of the House. Free-
tte'eersai had received the speech wit much satisfaction, as
see/ had a riht to do. Now, be recollected reading a
11—e suit' of the Chancellor of the Exchequer delivered before
entr"',,r.• Reynolds) had the honour of a seat in the House,
oe `.seue Right Hon. Gentleman, then taking the Right
worth to task, said he
ese.ponanrodnet the Member for riamwor
loth clothes.
the Whigs bathing and had run away with
the
tges. That observation excited much laughter
ten*
4g Alen found time, but it appeared to him that the Right llon.
Apinn. the late Chancellor
s t The Right
god. and had run away with his budee •
of the Exchequer
m- entleman had order,
and
eg fa put his figures in consecutive
e. ras that went his stetet was unexceptionable.
that
the 613 'Praise of it stopped themes and he must say
it
ttsith atement was remarkable for two qualities, that d
to • er
'save diminished nor increased taxation. He appeared
t:de „..101lowed the pathway tracked out for him by his
oticer:" Now, it occurred to him that the Right Hon.
tlevee tan Plight have diminished taxation, and have re-
f!azt poes7 labouring classes without doing any injury to
or the. „13sers of property. There was an item of 650,0001.
ti;:arderous warfare carried on against savages at the
1;(t accPunts of which no Christian could read with-
,tir,e_sehamed that his country should carry on such a
ir,ll aZn Rear, hear.) Then the Right Hon. Gentleman put
fruool. for the militia. He (Mr. Reynolds) had ab-
i;'ditia_ e-41 'voting oaths question raised with respect to the
tloi.tur,..zote
itlinaeleqe hadatlio those with whom he acted; but he should
against the proposition in all its stages, and the
tting ittseFi• Gentleman perhaps might not be so sure of car-
esi glter all. Before the Easter recess he had given no-
-17444 Zontstion. to the Secretary for Ireland, whether lie
siersets of 1;"ng in a Bill this session to place the manufac-
40'taettlresneens ade spirits on an equal footing with the ma-
Prep' f"eign and colonial spirits. Lint the Right
st 4 glele onernau the Chancellor of the Exchequer put a
hi skean hepe mouth of the Chief Secretary, and said that
h 4rlsw °aged to his department, and he should reserve
44114 ristelleredtitil was making his financial statement. He
‘ll, ee ore th ° the speech, and had not heard a single sen-
esteo4 at question, and he now begged to repeat the
h? of theue,had formerly put. There was one thing he might
talto h Right Hon Gentleman's speech—it appeared to
e,.°elltey ave seta vexed esstpieoentaactlesreastn. Farmers in the
I:th l'ill:ghst Put on their d look at it, but,
wouhie magnifying powers those sectacles possessed,
ti lee f.. . not discover any passage holding out the pro-
ere ItProtection to one class of the unity over
some
theY Were to go to the countryco, mmit must be on
IleekerY ; but
xe. ne hoped it would not be a cry at all, but
hear. 11,.." weak as the
4IGHT rgely i could honest]
mulieg of an infant.
ay that he participated very
gaellrtellereantch. at. general satisfaction which had been expressed
enut e to the matter of the spetech of the Right Hon.
Owev It the Chancellor of the Exchequer. He thought,
Nekte.mi„r'ylutlaocenrilin:l4 !lon. Gentleman had been six
"WWI Nato i error from which Lis