The Sun.
London, England, 1859-07-22 00:00:00

HIGH WATER AT LONDON BRIDGE.
THIS DAY.—Morning, 6h. 7m.—Afternoon, 6h. 26m,
To-Aloßnow-Morning, 6h. 47m.—Afternoon, 7h. 9m,

Next to the reception of the Chambers, the
Emperor NAPOLEON yesterday received the con-
gratulations of the Diplomatique Body on the
happy renewal of Peace. The Papal Nuncio spoke
in the name of the ambassadors, and well he
might, for the POPE having been placed at the
head of the Italian Confederation, his representative
was, of course, the proper party to take the lead.

The EMPEROR, in reply, seemed to writhe under
the pressure of the circumstances, and vented his
spleen in the following observations, which we
give more to satisfy the curious than as the true
exponent of feelings which are too deep for ex-
pression, or too reserved for discreet utterance :
" The EMPEROR, in reply, said—Europe was in
general so unjust to me at the beginning of the
war that I was happy to be enabled to conclude
peace as soon as the honour and the interests of
France were satisfied, and to prove that it never
could have been my intention to overturn Europe
and to provoke a general war. I hope to-day that
all reasons for disunion will disappear, and that the
peaee will be of long duration. I thank the diplo-
matic corps for their congratulations."
The accounts from Italy do not by any means
promise a quiet return to Peace. Indeed the shock
of abruptness was so great, so unexpected, and so
unpeaceable, as to have startled every one from
any confidence in the sayings, still less in the
doings of Emperors and Kings. So far as the
King of SARDINIA is concerned, he has done his
duty nobly—most royally ; but, like other well-
meaning people, he is at the mercy of greater ones,
and so must pay the penalty.
In fact, every thing throughout Italy is in one
commotion—confused and aggrieved thanks to
the magnanimous interference of the Emperor
NAPOLEON, who has contrived to unsettle every
thing without satisfying any party—no, not even
himself.

It appears the SULTAN has given up his pro-
jected journey to Egypt :—we never expected that
be would go. The SULTAN in Europe, and the
POPE in Rome, seem both to be like fish out of
water.

The amendments proposed last night in the Com-
mittee of Ways and Means upon the Chancellor of
the Exchequer's resolutions in regard to the income-
tax and the malt credit—were one after another
coolly negatived. These amendments were three
in number, were reasonable enough in themselves,
were proposed two of them by the hon. baronet the
member for Evesham, and the last, and in some
respects the most rational and the most important,
by the right hon. gentleman the member for Buck-
inghamshire. The proposition made by Mr.
DISRAELI was simply this—to omit the subjoined
words in the first resolution submitted to the Com-
mittee by the Chancellor of the Exchequer—
and such additional rates and duties shall be
collected and paid with and over and above the
first moiety of the duties assessed or charged under
the Act." The consequence of which omission
would have been at once to eliminate from Mr.
GLADSTONE'S Budget the cruel wrong which must
now be inflicted through its agency upon thousands
and hundreds of thousands of honest taxpayers
throughout the industrial mass of our already
grievously overburthened population. The adop-
tion by the Committee of this most reasonable
amendment would have Prevented the monstrous
anomaly of taxing the year's income of each indivi-
dual by an additional fourpence—in reality, how-
ever, raising that cruelly abrupt increase upon the
first half-year's assessment ! So that for every in-
come above £l5O per annum the rate of taxation
will not, 'is the financier's first proposal might have
implied, amount simply to an aggregate tax of 9d.,
but will actually now attain by reason of
the egregiously complacent concession of the
House of. Commons, the outrageous maximum
of 13d. for the next six months. As for
the rejected amendments moved by Sir
H, WIL-
ZOUGHBY, they were formally placed upon the
papers of the House, and must have been clearly
enough understood by every member in that House
last evening before they resolved themseves pro
forma into a Committee. The first was simply the
proposition by the member for Evesham, that in
lieu of the proposed additional tax of fourpence in
the pound, on all incomes about Xl5O per annum,
during these next six months, there should be
added to the sd. already insured to the Exchequer
an additional 3d., in the pound. The amendment
subsequently submitted to the Committee of Ways
and Meansby tli„chon. baronet proposed the reduc-
tion of the tat on Long Annuities to id. for
every pound okraividend. One after another, as
we have said, these three very moderate amend-
ments were set aside by the House, then. formed

# ~k7l
,41Le
4 „ .
b g 17. , taitiooP
, , fieg,
''"."`Tver? '

THE SUN.
FRIDAY, JULY 22, 1859.