The Sun.
London, England, 1866-10-31 00:00:00

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ER

1 These feelings spring from greater energy, e,
Fmw
ohe
ren
rt,
such
adt
edt
hobetaihrmer
barriers
iresui
nat t which
rporfigetrpetashrs
ee
dma
—ref otrhrei
e.mcoavre :sr. 11
is open, and the warmest invitation given. By the •
introduction of superior negroes the Republic is
strengthened, an-d becomes more fitted for a larger
immigration of their kind. What America has been
to Europe, Liberia will be to the negro, and if ou a
small scale still in a far higher degree. Its very
name is a warm letter of invitation. To men just
emancipated from generations of thraldom the
" land of the free" offers an asylum in the cradle of
their race, from which their fathers were torn and
carried into slavery. Thus the mission of the Con-
sul-General is twofold. It is, as we have before
said, on the one hand a mission of diplomacy, and
the
theaeccoretldleitredhand a
01)hailafnretch rozyt.e,
i'%l
es
plenipotentiary
mission
or
h
appeals to the Governments of Europe—and, as the
and Christian agent of a noble scheme, to
redeem, as far as in us lies, the wrong done by our
forefathers—he appeals to the eitizens.of the coun-
tries, He has succeeded in establishing treaties of
commerce, amity, and navigation with Great Bri-
tain, Hamburgh, France, Belgium, Holland, Den-
mark, Lubec, the United States of America, Italy,
Portugal, the Republic of Hayti, Sweden, Norway,
and some other Powers. Articles have been in-
serted with the Republic •of Hayti and the
Kingdom of Portugal which assimilate to and
give power to punish as piracy the slave
trade. His efforts are directed to procure
the insertion of similar articles into -the treaties
with other Powers, so that the slave trade may be
denounced by international law as piracy ; and it is
to be hoped that he may succeed in obtaining the
mutual right of search, which would more than
any other measure tend to the suppression of this
inhuman traffic. If a great Free Negro Republic
can be built up—and little doubt now remains of.
the ability-of these 'people'to tablish stichTMAtteMm""Wstil
—a power will be fostered which will cut at the
root of negro slavery, which will elevate the negro
character, and silence for ever those who hold the
lowest opinions on the capacity of the race. Liberia
is to the negro the promised land, and GERARD RAL-
STON will long be remembered by them as their
benefactor.—Anglo- A merican Times.

PRICE.... 4d.
STAMPED sd.

American Revcnue.

-a--

The amount of revenue derived from duties on
imports and internal revenue taxation is swell-
ing to such large proportions as exceeds altogether
the calculations of oar financiers, and exhibits an
example at once of willingness and capacity to bear
taxation on the part of the American nation in a
time of profound peace, which, we believe, is en-
tirely without parallel. The revenue of the United
States for the three months from July 1 to Septem-
ber 30, 1866; will stand thus :-1865: Customs in
gold, $51,092,140 ; taxes in currency, $102,000,000;
total, $153,092,140. This is the amount derived
from customs and excise taxes alone, without any
reference to miscellaneous receipts from the sale of
Government property or other sources, which dur-
ing the quarter amounted to over seven millions,
but cannot be calculated on as a source of perma-
nent income. These returns, as compared with the
corresponding period of 1865, show a gain for the
three months of—Customs (gold), $4,082,646;
taxes in currency, $3,381,124 ; and abundantly
warrant the conclusion that we may expect the
revenue, under existing circumstances, fully to main-
tain this amount, which at this rate will be over six
six hundred millions of dollars a year. The expen-
ditures for the same period will foot up as follows :
—War, Navy, Interior Departments, and miscellane-
ous expenses, $44,000,000 ; Interest on Public Debt,
s34,ooo,ooo—total, $78,000,000; which would make
the annual expenditures of the country three hundred
and twelve millions, or as near as possible to one half
the income. Such an exhibit of financial strength would
be incredible to foreign countries, if it were not sus-
tained by facts that cannot be denied, and very
greatly exceed the estimate of the Secretary of the
Treasury, who calculated that the revenue for the
year, the first quarter of which we are now examin-
ing, would be for Custoni, gold, $100,000,000 ;
taxes, currency, $275,000,000; total, $375,000,000;
while the expenditure in every department would
be $284,317,181 ; leaving au estimated surplus of
$111,08:281.8 instead of $300,000,000, which we
have seen the past experience of the country shows
now may be expected. It is thus made apparent
that the United States, after paying all the expenses
of the army, naval and civil governin,eciiwnioTttue,
henrbaeteenrslydtie
questionion cnneai khi
its
‘t'
thehi snai osreniia:
Britain
siiornureriatrillei
otecvns
epelnae
ueyf
xternegoeerfpne
ttaaentodeyfrl
world,
ogtlrellnfdi Icti: ticGlheia:brento:
then arises, and it is one demanding the thoughtful
consideration of the statesman who can comprehend
all the results and consequences, social, political, and
moral, which arc involved, rather than the mere
financier who can regard the matter only as a ques-
tion of debtor and creditor, of money resources and
demands, what disposition may be most widely
made of this enormous and unlooked-for excess of
income over expenditure. We have, ever since the
close of the war for the Union contended that a
moderate payment in liquidation of the public debt
—say from fifty to one hundred millions of dollars
a year, would be the wisest financial policy, giving,
as it would, satisfactory evidence to the world of
the national solvency, and so maintaining the public
credit, and we see no reason to change our convic-
tions upon this subject. We should therefore be
glad to see a very material abatement proposed
in the taxation of the country. In looking for the
direction in which this reduction should be made,
we find in the preliminary report in the United
States revenue commissioner valuable suggestions.
This document advocates (to use its own words)
" such a revision of the present internal revenue
system as will look to an entire exemption of_ the
manufacturing industry of the United States
all direct taxation; distilled and fermented liquors,,,
and maintains the wisdom of the abolition
tobacco, and possibly a few other articles
• h, like the income
speedy reduction of all those which, like
The amount
eexcepted,"
c eP te
d,
or
tax, fall chiefly upon realisedo I
millions a year ; and
we believe, about seventy-five
derived from the direct
doubt can exist that this taxmay
here presented no
Other suggestions we
tanwmanufactures is, we
once safely abolished.
as to modifications in the
bein tahteocnondition of the public revenue. which we have
offer in future articles
may
we have said enough on this occasion to de-
• fi an • I d lt t
1 CU y, a
trate that there is no n
present revenue system of the country. we think
mons
least in the Way of the immediate and'ffi complete
abrogation ofmanufactures.objection to
And i
f this b
sot the tax
canonti
surelydomesbec
no
the course we advocate. Here at least " free
traders" and " Protectionists" can combine in a
demand for the liberation of our domestic industry
e
from a burden which not the most heavily taxed
Ncvouhnattrivesasotf
sEoucriaolpe a inmdp opsoel
iut
ipe
ao nl
at he
d v their
antage
s productions.
would
tdhisconlisieoalisduarteiownoonfldoubre
the
system, e tteon swi ohni a
chn
iow
industrial from
an important aid, we cannot here expound, but
may do so at another time. We content ourselves
now with the demonstration of the fact that there
no longer exists any financial necessity for the con-
tinuance of this unjust and injurious impost.—
The Iron Age.

TILE EYRE DEFENCE FUND.—During the last few
days the Eyre Defence Fund Committee have re-
ceived donations from his Grace the Duke of Buceleuch,
Viscountess Palmerston, Lady William Russell, Mr. Alfred
Tennyson, Sir William Mackenzie, Lady George Quin,
Right lion. Sir Hamilton Seymour, Admiral Sir W. Bowles,
General Sir George Bowles, Lieut.-General Breton, the
Countess of Harrington, Sir William Fitzherbert, Lord
Boston, Sir Roderick Murchison (second
contribution), the
Earl of Dartmouth, and Earl Cawdor.
EXTENSIVE FRAUDS. —Yesterday morninogf
Laiornee;
re-
ward of £2OO was offered for the apprehension
latellhiolll,dsewhiorrtha,ud
inosfulrla6n,
insurance
brokeronchurci I-as
utrde e
Joseph
oasni: pd
h s
o f N
ao
nt Notting-
hill,
fnegi
Deane, alias William Ailsop
fate
Bennington, formerly trading at of 101, Leadenhall-
street, and New-street,
Tower-buildings, Liverpool, as commission merchant.
iotnhdcoonmnainitdtineglseswerihoeures.fraTuhdes
upon
These
tpheersnonndsearrvire
ric thearrsgoe with committing serious frauds
upon the underwfltors of L
sum of £lOO is offered forat
itohne a
aptpreLhleonysdi
sn, oafner
Ihnoefpteheet
emr
by the Salvage Assoc
Hamilton, of the City detective force, holds a warrant for
their apprehension.