The Sun.
London, England, 1853-08-22 00:00:00

THE SUN, LONDON, MONDAY EVENING, AUGUST 22, 1853.

the indirect taxation by five times as much as was
actually charged. Never, in fact, was there a
proposition savouring so strongly of protection, or
so eminently calculated to cast heavy, almost in-
tolerable, restrictions on trade and commerce as
that so boldly put forward by the Right Hon.
WILLIAM EWART GLADSTONE, in reference to
licenses, and which he has by no means abandoned,
but merely adjourned.
The Income Tax, which has been renewed with
all its inequalities for seven years in place of three,
under the notion that it will then be permitted to
die a natural death (! ! !) must also give occasion
for many energetic debates. The member of the
middle classes, who earns by arduous physical or
intellectual labour a precarious and fluctuating
income, will no longer consent to be assessed at the
same rate, and placed upon the same fiscal footing
—any other is impracticable, as the owner of
accumulated and realised property, of well cir-
cumstanced real estates, or of the dividends of
Government funds. He will protest against the
injustice inflicted on him by the dereliction of
every principle of honour and consistency that
should be binding on public men, by the base and
scandalous tergiversation of those in whom he
had formerly placed confidence, who, dazzled by
the specious protestations of the Coalitionists,
voted black white, in order to retain in office
Ministers who were Liberal only in name, who
with " free trade" on their lips, and " unrestricted
competition" as their watchword, voted the per-
petuation of the salt monopoly in India, and were pre-
pared to carry—if time permitted, for it was want
of time only that prevented—the complete success
of the Budget in all its parts—the great extension,
almost the universality, of the licensing system.

LATEST FOREIGN NEWS.

FRANCE.

The Moniteur publishes the treaty of commerce
between France and Uhi

The Florus, of 90 guns, steam-ship and sailing
vessel, was launched at Toulon on the 15th inst.

A favourable symptom of the hopes of a speedy
settlement of the Russo-Turkish question is, that
the Emperor has left Paris for Dieppe, where he
will remain till the end of the week. He will then,
without delay, visit some of the towns of the de-
partment of the north and the camp of Helfaut.
In addition to this, the Austrian Ambassador in
Paris intends proceeding to some part of Germany
on leave of absence.

A memorandum has been communicated by the
Austrian Minister for Foreign Affairs to the Min-
isters of the several Foreign Courts with regard to
the events at Smyrna.
M. Salamanca arrived in Paris two or three days
ago, with the object, as it is stated, of bringing out
the project for making a railroad from Madrid to
Bayonne. It was that project which occasioned
more than one Ministerial crisis at Madrid, and the
excitement, which was one of the consequences of
it, was very near leading to something more vio-
lent.

The Prince of Echmiihl, Duke of Auerstadt,
only son of the celebrated Marshal Davoust, has
just died in his 43d year, after a painful illness,
against which he struggled for six years. He
served in the short expedition to Belgium in 1831,
and acted as an officer of the staff, under Marshal
Gerard, at the siege of Antwerp in the year 1832.
He was subsequently decorated with the order of
Leopold, and appointed to the Ist Regiment of
Lancers.
There was but little business transacted at the
Bourse on Saturday, and the Three per Cents.,
which opened at 80f. 45c., closed at 80f. 30c. for
the end of the month. The Four-and•a-Half per
Cents. closed at 104 f. 85c.; Orleans Railway shares,
1,255 f.; Rouen, 1,098 f. 75c.; Havre, 520 f.; Great
Northern, 897 f. 50c. ; Paris and Strasburg, 993 f.
75c.; Paris and Lyons, 965 f.; Lyons to the Medi-
terranean, 817 f. 50c. ; Western of France, 753 f.
75c. ; Bordeaux and Cette, 642 f. 50c. ; Caen to
Cherbourg, 625 f.; Great Central, 558 f. 75c.; shares
of the Bank of Credit Mobilier, 885 f.

The Succession Duties Act will also attract at-
tention next session. It was a fitting retribution
on those who, satisfied with their own exemption,
regarded the iniquitous Legacy Duties with com-
plaisance, if not with favour, thinking nothing of
the hardships so long as they did not come home
to their own thresholds. The repeal of the ex-
tension of the impost to all kinds of property,
real or personal, settled or unsettled, had become
inevitable. The former was not provided for
through the indifference of the landocracy. They
have, therefore, got the latter partially; and,
unless we are greatly mistaken, they will now try
to get rid of the entire tax, willingly assenting to
the substitution of a judicious and equitably ap-
portioned property tax in its place. There will
also probably be a counter movement, inasmuch
as true Liberals, who cannot be contented with the
inequality still subsisting, will exert themselves to
render all kinds of property liable to the Probate
as well as to the Legacy Duties, and to get rid of
the untenable distinction between rateable and
non-rateable property. There will, therefore, be
no lack of stirring occupation on fiscal questions,
to say nothing of the promised Reform Bill and
the Indian agitation.