The Sun.
London, England, 1856-11-25 00:00:00

114 E. S

SHARE MARKETS —(This Day).

i~~, ~.

RAILWAYS

AhNV •

Shr. iraid.

C}oßing PYc
yesterlay.

Ji nen ego! done
this day

Bedford
Blet:hley
Bu.clrghainsh
Clydosdal
Col. Stour V y.
E. Lin. g. pc.
E. Un. H. Si,.
Glas. Barr. &
Nails. Diree,t
Do, 'Jew._ ...
Glstr.&Dn 711.
Dk. ;•"R
Hull & SoPry
Do. f Share:,
Do. r Shares.
Iron.'&Orcenw
Do.-Preferene
Lon., Ti1.,1••-
Do. Bark. Sh.
Lowascort k .
4 per cont
Do. 6 por ct
Manch. 13x1n
and Hatlo,•".;
MI d. d.l esl7

4

Redc.g 6 P.C.
Midlcl.lsral.
Newmarket
Bury E. G.sp,
N.& Est.sp.,.
Do. 6 per ct
Do. Fixe(ls p
Prest. & R ye
Do.. Shr.;. A
Roystu & Hi
Shof. Roth.a7,
Gooleg.s p.c
Slarevrs. &Her
S. Staffortlah.
Wear
6 wr cent...
Do

1., fil '',.,r i s:, ON,
_rr E...,, E S D _,A_

LINES LEASED AT FIXED RENTALS

Closine Prices
yestc t ay

BUSIIICS3
this day

Loadc!...
L. &N. W.

96 - 98
98 - 102
12 -- 14
133 13
4 ... 4i

'EX diE.O
E. Count.
Caldonisn.

at. 'ffosa
Yk. Nov,.
Y. It N
Do
Do

06 - 106

S. A:4torr.
Do.
Pr3to k Co.
Do ...

12i - 13
22i - 23?;
.08 - 112
§ 1p

Norfolk..,,
Do

L.& N. W.
&
Stcktou
Darliugt.

21 2i

Coun.
E. Couu,

Mi 51 7

Do.
L. &N.W
Do
Gt Northn
Yorks h.
T. Brassey
M. hiCles.n
Stoat.
Dar ingt
(1' c*

136 - 136

- 8}
3i 30

33 34
89 91

OF THE
IA C()MP

(From the Morning Advertiser.)

PROPEUTY IV7) the war, But upon the declaration of peace the Minis
TAX. ter proposed an income-tax at the rate of 5 per cent.•
and when the country rose up against it the reply of the
Government was that, though they had pledged them-
selves not to continue a war-tax, they were not pledged
to abstain from imposing an income-tax as a peace-tax.
They then proposed to exempt all persons possessing
incomes under 1501. a-year, but, that also being defeated,
' the Ministry were obliged to give way. History showed
them that if 'they acted energetically no Government
could withstand the expressed desire of the people.
He hoped, therefore, that this movement would be gener-
ally taken up throughout the country, and if it were
there was little doubt that the required eencession would
he made. Oe the whole he thought that no reduction
of present duties would give such immediate relief to the
people at large as that of the additional income-tax, im-
posed for the support of the war. (Cheers.)
Dr. JOHN WATTS said that, although agreeing in the
main points of the arguments used by the previous
eraker e there were some upon which he differed. He
should b very glad to see the unjust mode of taxing the
people remedied, and that professional persons who ob-
:ani,d a livelihood by the labour of their hands or brain
were not placed in the same position as men whose in-
c_me was derived almost entirely from causes which
would remain weetber they were alive or dead. The
ne v and ieceme-tex last year wee about 16.000,000/.
and assessed taxes 3,000,0001., so, of the 54,000,0001.
wuicu comprised the general peace taxation of the
eounlry there still remained 35,000,000/. to be raised
by indirect taxation. The Customs' duties did not
prooerly represent the indirect taxation, becau e
something like 22 per cent, was added to them
during the treesit of the goods from the importer
to the con,unser. The Excise duties also pressed very
mum] upon the labouring classes, because they had a
teedency co diminise the production. They now proposed
to remove 3,000,000/. of direct taxes, whereas, if they
directed their efforts to the removal of 8,000,000/. of
indirect taxation in the shape of duties, allowing for the
increase to which he had alluded, the amount of relief
actually afforded would be 10,000,000/. By removing
the iucoale tax they would render it necessary for the
j )r. ‘vatGovernmentts continuedto rare s 4t
05 osopo,ea OkooB/ of
t.
so
me indirectien taxation.oh
amid
much interruption, the meeting evidently disagreeing
with his observation on the expediency of procuring a
remission of the import duties.
A good deal of discussion followed, the speakers
tailing widely different views as to the expediency of the
t repeal of the tax, when
The CHAIRMAN pointed out the advisability of con-
fining their efforts to a practical object.
The resolution on being put was carried unanimously.
Mr. W. COLIC then moved the following resolution :
"That the present system of levying the income tax, by
taxing pr -carious and permanent income alike, is mani-
festly unjust, arid leads to a general and systematic
evasion ; that the despotic and inquisitorial mode of
assessment is repugnant to the feelings of Englishmen,
and has been submitted to from time to time under the
impression that the tax was only for a temporary pur-
pose ; and this meeting hereby pledges itself to use every
legitimate means to obtain either a more equitable
adjustment of the tax, and an improvement in the mode
of assessment, or a total repeal of it upon trades and
professions."

Tiliq resolution, which waa seconded by Mr. G.
CLARKE, was also carried unanimously.
Resdations were then agreed to with a view of pre-
paring clncurrent petitions to Parliament, and forming
district associations in connexion with the present ii
all the large towns of England.
Mr. Alderman Sidney was elected treasurer of the
society, and a vote of thanks to the chairman concluded
the proceedings.

LORD JOHN RUSSELL AND THE
PEERAGE.

We have deferred for some days adverting to
the feelers which have recently been put forth in
the journals in the interest of the Bedford family,
relative to the reception of Lord John Russell into
the Palmerston Ministry, and his contemporaneous
elevation to the peerage. We have hitherto been
silent on the point until the journals in question
had exhausted all they had to say on the subject.
We presume they have nothing more to advance in
favour of the two honours which they suggest
should be simultaneously paid to his lordship.
Let us now pronounce our deliverance. If the
friends of Lord John are bent on pitchforking the
noble lord into the Upper House, we have no ob-
jection. On the contrary, if that be their wish, we
sty "So be it." He will be as well there as any-
where else. Though not possessing the shadow of
a chance of re-election for the city, he would, no
doubt, in virtue of the family influence of the
house of Bedford, get smuggled into the House of
Commons for some place or other ; and in the
Lords he will be rather more harmless than in the
Conimons.

So far we acquiesce in the wishes of the personal
friends of the noble Lord. But his reception into
the Ministry is quite another matter. Lord Pal-
merston, we trust, will resolutely and successfully
resist all attempts on the part of the families—
the Bedfords, the Sutherlands, and the Devon-
shires—to force the quondam Home Secretary
into his Government. If he do not, he is ruined
as the First Minister of the Crown. Were Lord
Juhn only an encumbrance in the Cabinet—wore
he simply, from his Finality predilections or de-
plorably defective judgment, a mere drag-chain on
the' onward progress of the Government, that,
though bad enough, might be got over. But there
are no bounds to his ambition ; while his mind, in
the pursuit of an object on which it has been set, is
as restle ;s and uncontrollable as the sea. He would
never be at ease until he had supplanted Lord Pal-
merston in the Premiership. That is the nature of
the man ; and no more can he change it than the
leopard can change its spots. With Lord John in
the Ministry, Lord Palmerston would never have
a moment's peace. He never would feel secure of
his position. Why then should Lord Palmerston
be so simple as even to entertain the idea of again
receiving Lord John into his Cabinet ? To do so
would be a piece of consummate folly. It would be
official suicide. Lord Palmerston never stood
higher in public estimation than he does at this
moment ; nor was his position as Premier ever
:core secure. Why then gratuitously introduce
an element into his Administration which, before
long, would inevitably prove his lull ?
Even already a man so shrewd as Lord Palmer-
ston cannot have failed to discern indications of the
most unequivocal kind that Lord John Russell's
friends contemplate his speedily superseding the
present head of the Government in the Premie-
rship, and that they only regard his admission into
the Cabinet as the first step towards that end. They
plainly state—and thereby betray the cloven foot
—that Lord Palmerston's day is nearly done ; that
Lord John Russell is ten years younger than he ;
and that the ex-Home Secretary alone would be a
fit successor of Lord Palmerston. This is actually
stated, in so many words, by a journal which first
suggested Lord John's re-introduction into the
Cabinet, and which may be regarded as the organ
of the Bedford family.
We therefore warn Lord Palmerston against the
folly which some of Lord John's friends say he is
half inclined to commit. We are unwilling to be-
lieve the representations made to us on this point
by the friends of him who would have sold not only
Dietetic' but all Europe to Russia, at the Congress
of Vienna in 1855. Perhaps no greater weakness
can be detected in the character of Lord Palmer-
ston than his belief that Lord John Russell is still
a man of some political importance. He is nothing
of the kind. He is a perfect cipher ; or if he be
good for anything, it is only for weakening what-
ever Ministry he may chance to be connected with.
We put the question to Lord Palmerston, whether
he has ever found any difficulty in carrying on the
government of the country since Lord John ceased
to be connected with it ? If the Premier will be
but. plain and candid in answering the question, he
will unhesitatingly say, that so far from the exclu-
sion
of Lord John from the Cabinet bbing an ob-
stacle to the satisfactory conduct of public affairs,
it has, on the contrary, eminently contributed to
the smooth-sailing of the vessel of the State under
his presidency at the helm.
Should Lord Palmerston entertain en.yne.vseor"..
over-
tures that may be made to him by the friends
to
the Noble Member for the City
he will will not only
tender him a seat in the Cabinet,
have the rime Minister
joefotphaerdQi suee
Queen
s ownbut h
e positionwill
notas
.tehroeehnl.
f his overthrow.
sym-
pathy pt. the people in the . -
t There will be but one to have his heels
that will be, that he
_doo‘
n.
Lord Palmerston, it
tripped up by Lord J
had enough of his quondam
feseehrenFsnon the subject, and.
might be supposed, has
colleague already, and could not be expected to wish
for any more. Lord Palmerston
Foreign Secretaryship by Lord
John ;
an opportunity does not mean to give th 'Atter
; 1851, from the was expelled, in
we hope of berepeating the game, as regards
the Premiership. '
on this—that those are not his real friends, be
they who they may,
ord Palmerston may depend
who counsel him to receive
Lord John back into his Ministry. He ought to
feel thankful that circumstances occurred when
him a happy riddance of the ex-
theytio
rn e
did, t o gi v
Secretary.e

ABRANGRMENTS FOR FORWARDING MAILS TO CANADA.
—Letters for Canada, unless specially addressed to be
sent by any particular route or by any particular line of
packets, .will irn future be forwarded, as a rule, by the
first mail-packet, whether British or Canadian, which
way be despatched from this [country after they
are
posted. The British packets leave Liverpool every
Saturday, and the Canadian packets are
appointed te
ball from that port once a month during the winter
season, commencing on Wednesday, the 26th instant.
The rates of postage chargeable on letari, &c., by these
two lines (,1
packets will remain
as heretofore.—By
command of the Postmaster General, ROWLAND RILL,
S•.ch.tary.—Gakt.ral Post-office, Nov. 22.