The Sun.
London, England, 1826-03-14 00:00:00

THE LONDON JOURNALS.

DAILY
Extractsfrem the Morning Paiiers;lllarch 14,1826.

DIRITISIIP. 11E9
The animating speech of the Chancellor of the
Exchequer on'
thei letroduction of the Budget,
which was looked forward to with such extreme
interest, *ill be fOtind to contain thtit, explicit and
detailed developement of the' financial condition
of the country, which was to be expected from
the candour and straight-forwardness which
always accompany" his statements onwhatever
subject he brings before the House. w h
e pres-
sure of distress which, of late, every branch of
national industry has had, more or less, to en-
counter, could not fail to produce a Correspondent
depression in the Revenue; but the detail of
last night fully warranted the anticipation that
our resources would be found. equal to our ex-
penditure; and this without any Increase of tax-
ation, and without at all entrenching -on the
Sinking Fund. In addition to which, the re-
viving energies of commerce hold forth every
reasonable prospect that, in spite of any tempo:-
rary difficulties, the 'substantial and effectual
measures which Parliament have brought for-
ward, %Oki neve the effect of providing against
the recurrence of those evils,' which of late
have berne so hard. on the mercantile com-
munity: The system of policy at: present pur-
sued by• 'Ministers has for its object to put the
wealth and prosperity of the country upon a real
and substantial basis ,• to give It a solid, and per-
manent, instead of a delusive and artificial struc-
ture. The object they' 'thus aim at is not
attainable by any , Sudden measore„ or by any
single effort. It must be the result ota series of
measures anti of efforts, each strengthening the
operation of the other, and tending, all of them,
more or less, to the saute common vvi,
any intermediate huffering arise, as possibly .it
may, ‘se most look for our compensation to the
essential and lasting benefits of that change to
which it paves the way.

rTHE .TIMEsd
It cannot he expected that we should enter
minutely into the Budget Ott the morning of its
appeaptace. We present it to our readers and
the pulinCiluCh.as it i's. If they CHU derive much.
consolation from it under the present pressure of
commerCial embarrassment, or much hope of ap-
proaching ease, the docuMents, are before them :
let them feast upon their contents. It appears
that the only tax to he really reduced is one
upon Tobacco, which had been already abated
through mistake, and from which casual ally-
NiatiOti the revenue had not suffered ; so much
better a financier is chenco: than .Iturnatt de-
sign. 'lite colMmera, hoWever, derived no
advantage from the reduetion of the duty,
as the dealer observed .the mistake, and appro-
priated the fruits of it, as a temporary 44 God:
send," It is callow: to observe the Chancellor
of the Exchequer, while he tonkeS no other sacri-
fice Of revenue than that just stated, calmly cal-
culating upon a .lass under the' head of Customs,
Excise,Szc., from the diminished.consmnption of
the people, of em less than 1,300,0901. There
are other articles of tea venue iipanwhich losses
arittOg from the same cause are' estimated and
expected. But if thee people pay tin 'fewer taxes,
from whence are these losses,(o the revenue to
but,from their wanting commerce, or cur.
tailed comfort:i? different these statements
from those of preceding years. We, look. back
to that of 18'24 as 'nlexaMple. In hiss budget
of that year the Chancellor. of the Exchequer
said, " the last year (1823) , the, surplus
" 4,qreYenue over expenditure', was 1,710;0851.
" hstbe-present year 1 estimate it at 1,052,0761.
" at 372,3.161.; in 1826, at 477,3'161.;
" and 'in at 522,34161. Adding all theie
44 Aunts together, it, appears that at the end of the,
" *far 1827," (and that,'he it observed; besides
th 4 rfund.,of 5,000,0000 " we shall have,
" total surplus of 4,137,0991. Thu next queS-1
Cron,: Fsir, k, what we shall do with it ?"---'
(lion, provident an, anxiety !) 0 I think we
" can do a great deal of geod with it.
" OW. f4Orv, if we. can, we ought. "—The only
nem; .4i-features" (as Lord gastlereali would
I►>ttiti`:yt+tle el ttmo in the Budget of this year, and
Side b;the reductiom of a ()anion of the ditty on
tob,eaco, itire proposals to repay the Iltnita, part
of its 4;dientio.s, to fund Exchequer Bills to the
fir-n-(
4M or 8,000,00 w. and 9,000,0001.,
(') employ the Sinking Fund in the course of
the i cient year, and the next.to redeem a Pot.-
time of the:unfunded debt instead of the.funded.
By tido liteatis .the4uoner-marktt will be, to a
ccrf,a4k relieved from a species of Security
wirier; has lately been produOive of embarrass.
meet and danger. .11ut would it not leave been
yeti(:,...;..- to heave foniledl9,oob,oool. of 14000,0001,
of Exchequer Bills, When Consols were al 94 that
Wben at 78 ?'

- tmott'NnAio - •
Mr, Mame, on Friday night, asked with rnuc
inqueti;, " tty was le that the landed gentleme
iti fhatitouie so conitaittly raised up their voice
vainst,,any, alteration in the Corn. Laws, if their
object was not to keep up. the price of Corn ?"
The •Honourable Member for Montrose cannot
siifiely' have lofgotten. that the great argument
urged by the country 'gentlemen, in favour of
the Corn Dill, at the close of the war, was, that
'it would make Corn cheap, for there was nothing
they'frall' So mach at heart as to furnish- the
i,„.•;;riang pt•nple with 'cheap bread. low often
Western contend, that it was gainninY
41;tiaiist the conntry gentlemen to say, that they
t"
w 'et ' -I dear Corn and high Rents? Mr. Hume
• the
help tufb, seems have no idea of
virltir., which is possessed in so remark-
ef..(ree, by the class of Apo) who are
able a tl
rr3llel Europo or America__..,
tt,b,king Iyr of the gooft‘uf buyers. Ile
thlt when a set of men pose a inea-
itire. they d because that meoapsure would
" •
be Inintious to their interests, tAtd not that their
Opposition has for their object to prevent their
own interest being 'promoted At the expence of
the interests of oilters.—No, no, in tills country