The Sun.
London, England, 1819-12-20 00:00:00

I3RITAIN RESTORED

Honouretb'e Rc'irf, without 7'az or Poor's Rate.
wages of industry are lionourable."—GLuttoN.

Financiers aver that it is necessary to keep up the Price of
the Stocks. Remove the Sinking Fund, and the Strielis will
fall, perhaps ~O per cent., without the chance of redeeming
such fall. Diminish the Interest, or cancel part of the Prin-
cipal, and the Stocks will fall to half their present price :
even such fall would be nothing, compared with the breach
of- pphlic faith, a national crime,. only justifiable hy other
crime—that of Revolution

1 submit that. the Government instantly negotiate a Loan
to the full extent of the objects to be attained, say, 30 to 50
millions. This will depress the Stocks less than might he
supposed. It could be obtained, taking the 3 per Cents, at
31. to 61. under the price of the day; but if the price were
lower, the operation of the Sinking Fund, which must on no
account be touched, would redeem the debt with proportion-
ate rapidity, and very soon bring back the first hiss, which
would therefore only he ideal. .Half the Assessed Taxes
should be repealed, and a Tax of 21 per Cent. be substituted,
on real property only. This would provide not merely for
the repeal of the Assessed. Taxes, but for the Interest
of the Loan also ; or that might be provided by borrowing
so much 'note than would be wanted, as would cover the
Interest, until the Works to be accomplished, being com-
pleted, begin to produce Revenue. A general Survey, by
Counties, should ha made throughout the whole Empire, to
ascertain what Public Works can be immediately engaged in,.
to emplorevery man. who wants work, on Roads, Rivers,
Bridges, Canals, Inclosures, Embankments, &c. Tls Stints

requisite might he lent by the Public to the respective Coun-
ties, through the medium of the Lords Lieutenants, and placed
under the gratuitous direction of the CommiSsioners of Land,
or of the Magistracy; the Principal and Interest to be
repaid to the Public by Rates, levied ou the Works when
completed. Great efficiency might also be given by eniibling
the Bank of England to giant Loans to the Landed and Cont..'
mercial Interest ; and, by compelling Country Bankeri to
give security to the extent of their issues, they would acquire
greater stability, and their notes would circulate freely. Per-
mission to Country Gentlemen to issue their Securities, with-
out stamps, in proportion to not mare than half the value of
their property, in Land Bills, of not less than 50, nor mere
than 5001. at 4 per cent for a term, not shorter than one, nor
longer than Five Years, would likewise greatiy assist the
proposed object i as, when it were known that individuals of
Real Property had granted, or were wining to grant, the aid
of their Securities, or Land Bills, to Bankers, or Merchants,
on any emergency, it would most probably, by the confidence
it would give the Public, remove all necessity for the issue
even of their.L.nd Bills ; and thus, confidence being general-
ly restored, the present difficulties would be, almost instan-
taneously, removed.

"_ This, by giving Universal Employment, will create as
universal a circulation of money ; will occupy those who are
at present clamorous from real want; rendre!• unnecessary all
Poor's Rates, except. for the infirm and infants; and the Po-
pulation being thus profitably engaged, will be under no dif-
ficulty of maintaining and clothing this mselves and families,
whose consumption will give a new tone to the whole internal
Trade and Manufactures of the Empire. Unlike Loans which
have been expended abroad, this will circulate wholly at home ;
and the Instalments, fur the more general encouragement of
Subscribers, may be made payable in small proportions, and
at distant intervals, according- to the probable time the ex-
penditure would occupy before any returns could be looked,
for. The Tolls chargeable on the completion of each sepa-
rate object, would not only repay their original. expense
with interest, hut even furnish a lasting and productive ad-
dition to the National Revenue, probably sufficient to do
away the remainder of the Assessed Taxes.' It may, in short
well be styled, " A LoAN for the RELIEF of the Country
and by a mode which will amply repay principal and interest,
from the invaluable sources of productive labour and circu-
lation.

On Saturday a smith in Kilsyth was taken to
jail for making pikes, anti on Sunday morning
three men were apprehended for having-pikes in
their possession. Twelve of the Kilsyth Yeo-
manry escorted them to Stirling.
At a Meeting of the Civil Authorities of
Renfrewshire, held in the -Town Hall, Green-
ock, on Saturday, it was resolved to concert
measures :tor. the immediate forming of an
armed association, of a description similar to that
adopted in other places, for the protection of the
public peace.