The Sun.
London, England, 1853-04-19 00:00:00

(Peonz the Morning .ACvertiser.)

The new Budget, to the development of which public atten-
tion has been so much directed of late, is at length before the
country. The intense interest felt on the subject was evinced
by the exceedingly crowded state of the house, and by the
close and continuous attention with which Mr. Gladstone's
speech was listened to from its commencement to the close,,
though the delivery occupied five hours.
The financial schemes of the right hon. gentleman, though
in part good, will not, unless we greatly mistake, meet, as a
whole, the views and.wishes of the country. They are not
certainly what his more sanguine friends expected.
For the various things which the Chancellor of the Exche-
quer is not to do, we must refer to the speech of the right
hon. gentleman. After having alluded to these, Mr. Glad-
stone came to the great financial question of the day—the
income tax. Our anticipations yesterday mornin., respecting
what he would not do, in reference to that unpopular impost,
are verified to the letter. He will not consent to make any
distinction between precarious and fixed incomes. And here
he will find that he has committed a great error, as well as
perpetuated an existing injustice. The income-tax part of
his Budget will be the most unpopular of all. It is true that he
proposes to reduce the assessment from 7d. to 6d. per pound
after a period of two years, and, after the expiration of other
two years, from 6d. to 5d., at which latter sum it is to con-
tinue for throe years more. This is no better than a piece of
miserable peddling, and, besides, it sanctions the flagrant in-
justice of taxing the brains of the professional man, or the
pen of the clerk, at the same rate as the rich landholder or
the wealthy fundholder, whose income is altogether irrespec-
tive of effort of any kind, mental or physical. But we need
not dwell on this feature of the Gladstone Budget. We have
expressed ourselves, by anticipation, in as strong terms as we
could employ iu condemnation of this gross injustice to the
toiling myriads in the various uncertain proceedings of life.
The income tax is to be extended to Ireland. That is com-
mendable. The announcement will be received with a re-
gular Irish hoWl on the other side of the Channel, even though
it is only to be fivepence in the pound there, while it is seven-
pence here. The tax is also to embrace all incomes down to
1001. a year ; but for these it is to be fivepence, not seven-
pence.

With a limited surplus, the reduction in the amount of
taxation could not be expected to be great. The Right Hon.
Gentleman proposes to make a compromise between himself
and those who defeated him on the advertisement duty. He
could not consent to abolish the duty entirely, but is pre-
pared to reduce it to sixpence. This is a concession un-
doubtedly, but it would ,be better far to extinguish it en-
tirely, as the sixpence will keep up the troublesome machinery
by which the present duties are collected. The halfpenny
stamp duty on the supplements to newspapers is to be
abolished. . •

Mr. Gladstone proposes to impose one tax, which will meet
with great opposition from the landed interest. We allude to
a legacy duty on all real estates. This is a righteous tax, if
any tax can be said to be so. But it will not on that account
have to °mounter one whit the less hostility from those on
whom it is to be imposed.
The grand conclusions to which the Chancellor of the Ex-
chequer comes, are, that in 1860, when his financial plans
have come into full operation, they will produce an amount of
revenue which will exceed the expenditure by 5,959,0001.
a surplus which will enable, should he be so disposed, the
Chancellor of the Exchequer of.that day to dispense with the
income tax altogether.
The Budget of the Right Hon. Gentleman is, it will be seen
from the glance we have given at its leading features, a cum-
brous and complicated affair. And on that very account,
were there no other objections to it, it is not likely to meet
with the approval of the country.

SPORTING INTELLIGENCE.

SPORTING NOTES.—No. COCCXIII.

(BY ELECTRIC TELEGRAPH.)

YORK, TUESDAY MORNING.—TIIO Craven Stakes, run
at 3 p.m., will have Hunca. Munca and Audubon in the
first and second places. Zetland Stakes—Ruby not ar-
rived ; Wild Huntsman and Horatio the probable first
and second. The Flying Dutchman's Handicap—Talfourd
certain to be first or second ; Osborne's nag very handy.
Champion Handicap Hungerford or Sir Rowland
Trenchard.

The Eglinton Stakes, to-morrow, is booked to Vin-
dex. The Londesborough Cup seems to be a good
thing for Agnes Wickfield or Haricot ; only half-a-dozen
are expected to run.

THE SPIRIT OF THE TURF.

TATTERSALL'S--MONDA Y.

A comparatively thin attendance, and very little betting,
the chief business being the settlement of the accounts con-
nected with the late Craven meeting. Two or three move-
ments, however, in reference to coming events, had a
striking significancy.
For the Two THOUSAND, West Australian was in so
much in favour, that 2 to 1 and 7 to 4 were taken to some
money. Orinoco had also several friends, and was backed
freely at 3to 1 and 7to 2. Sittingbomme meanwhile,
was under strong suspicion; at first 1,000 to 200 was
booked, but afterwards 10 to 1 went begging. In the
course of the morning, in the City, 100 to 6 was laid against
him.

THE DERBY. —Somo ups and downs amongst the
favourites had their usual mystifying effect. West Aus-
tralian had a strong upward tendency ; the last bet taken
about him was 700 to 100. In Honeywood's position there
was a marked improvement, 8 to 1 being taken about him.
Sittingbourne, for this event as well as for the Two Thou-
sand, was quite out of favour ; 20 to 1 was offered, but at
the Club as much as 30 to 1 was laid. Orestes, Orinoco,
and Brockot were " looking up" in good quarters. The
Iteiver's friends were somewhat cheered by his return to
1,000 to 30, and, notwithstanding the powerful opposition
which had been arrayed against Cineas in the City and
at the Club, 5,009 to 200 was taken about him, and to-
wards the close, 20 to 1 to 501., odds which were after-
wards currently offered,
The prices at the conclusion of business were as follows

THE FLYING DUTCHMAN'S HANDICAP.
7to 4 agst Talfourd (taken).
4to 1 agst Grapeshot (taken).
TWO THOUSAND GUINEAS STAKES.
7 to 4 agst West Australian (taken).
7to 2 agst Oronoco (taken).
8 to 1 agst Barbatus (taken).
10 to 1 agst Sittingbourne (taken).
ONE THOUSAND GUINEAS STAKES.
5 to 2 Sylphine (taken and offered).
4 to 1 agst Comfit (taken and offered).
6to 1 agst Vaultress (taken and offered).

CHESTER CUP.
10 to 1 agst Lady Evelyn
25 to 1 agst Richmond (taken to 501.).
25 to 1 agst Peggy (taken).
30 to 1 agst St. Michael (taken).
40 to 1 agst Friday (taken).
40 to 1 agst Indian Warrior (taken).
50 to 1 agst The Sutler (taken).

DERBY.

7to 1 agst West Australian (taken).
Bto 1 agst Ironeywood (taken).
10 to 1 agst Orestes (tr ken).
13 to 1 agst Pharos.
20 to 1 agst Orinoco '(taken).
20 to 1 agst Sittingbourne (offered).
20 to 1 agst Unibriel (offered).
20 to 1 agst Cineas (taken and offered).
25 to 1 agst Filbert.
1000 to 25 agst Barbatus (taken).
1000 to 30 agst Brocket (taken).
1000 to 30 agst The Beiver (offered).
1000 to 30 agst Cheddar (offered).

COVENTRY RACES-MONDAY.

SELLING STAKES.

Fawn
Eccentricity
Five ran.
COVENTRY HANDICAP.
Sleeping Partner ................
Jack Leeming.

Six. ran.

STEEPLECHASE.

Gulnare
ThurgartDn..
Seven ran.
SELLING STEEPLECHASE.
The Screw .................................
Slashing Painter ..........

HURDLE RACE.

Theodine .......
Toni Gurney ,

Only these ran.