The Sun.
London, England, 1819-06-08 00:00:00

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was\ this, that, the ,Sinking• Fund was to be kept
1311 such a footing, that at all times it would be
capable of redeeming any debt then existing in
the space 0145 years. how fctithfully this'.Wasted
' ut*.now, would appear that thefund, with the. ad,
dition of the revenueJo be newly created, would
Slot extend beyond five millions, white the debt
-Was about eight hundred. Besides, let the House
refieetthat this'wai the 'filth yeat.of peace, and
the duration for'which peace could reasonably be
calculatt:cl, and infer what was to be expected
;tom starting at such a time with a Sinking Fund
five' millions. If any man had ever ridiculed
tful laughed at the H'suse and the, country, in
seriously asserting that such a Sinking Fund
afforded a rational prospect of liquidating the
'National Debt, and at the same time .reliev-
AIN' the burdens of the country; because lie
new himself holdirs;;• wit such hope's, was a pal.
„Pable delusion. The Chmieellor of the Exchequer
ertainly might say, " I cannot make it more—,
can- get no more ;" but that did not make it.,
•less trite that the pledge to the creditor had been
li"latO. When he said that, however, he did not
tnean to argue that the Acts relative to the-fund,
"should now be strictly-And literally observed.—
.Tbe.), bad indeed been already infringed upon to
.an ample extent, both by the Right Honourable
Gentleman and Lord Siihnoutb. He did not
lean 'to say,-that in the present distressed state
of the country, and during the dAculties which
_all Classes, of the community had to struggle
against, this fund should'be scrupulously reserved
tor its proper destination. Parliament bad a
paramount. duty to perform, in protecting their
'over -burdened convituents•from newburdens and
-Presstires ; and he was . ready to acknowledge,
that, in our present situation, a considerable part
of the Sinking Fund should be given up to meet
the exigencies of the country. 'But wls it not a•
Shame to hear such a proposition, the necessity/
of which, he should always believe, sprang from
the improvident eXperiditnre and ilea Hong career
0f the present Ministry, accompanied' with the
same empty boasts, the, satVe proud: vauntings,
Ivhich the House had constantly heard. but never
.3een realised 3 The House might well say. when
.the Chancellor of the Exchequer required new
~
axes, What have you llone with the hundreds
61 millions you got already ?" But that was a
itilcumstance die Hight Hots. Gentleman-kept out
of view. There was no ack .owledgment of past

errors-no confession that the resources of the
country bad been lavishly and 'foolishly applied
'7o°, a single expression of contrition, t No—a
repetition of • the same vaintirothiks and asstir-
111,ees witli,:telfich they had been, so frequently
ittionstil and deceiveti already, " indemnity for
the Past and security for the future," and be
'itt not kobw- what besides. —" Only give
11'," said -he-, ":three millions' of Taxes,
4'14 you will find iourselves in the' most int-
t°vittg circumstances, and the greatest pros-
ritY for many years to come.'" He said
ii"lsivts hall no right to expose the stock.:hoideis
lto the jealousy eon obloquy of the rest of the
Ild'ion for the Paltry security the new taxes
1;01tIld confer oft them . he said that the rather,
because lie knew that much tt as said about the
4"vantages the stock holder would derive front
the meditated altera ion in the currency, as the
v4bre of the circulatiog medium would be vatted,
While they continued to ter:Otte the saint- oominal
"'"tint of litter cat, forget' iug how much that class
of the conitiontity had sutieted by the contrary
°teration during the war. In order to Iltinrd the
'louse time tor consideration, before they assented
t 4 the, Resolution, stating the necessity of a 8E11,7
ps,
kqus of iocOme over expenoit tire ot five millions, be
Ihould move the previous (rest* as an amend,-
te", both to that and the tollowing Resolution.
Zatit that led hiM to the must importaiir of all: the
flesolutions-1 he proposition for increasing the
•A
-I'd
of the country, by the imposition of
A-dts to the amount of 3,000,0001. per annum,
rskinst that he felt himself bouud to ►<lige his voice,
ar he cook not conceive any country io a state
/I''hiell would not justify the imposition of new
far bti man scented to have taken the intended re-
,,":4atioo of a metallic circulation as one ground
;` this Resolution but it that circumstance was
i? be introduced into the argument, it Seemed to
virn (Mr. Tierney) to be lather a reason against
:le Resolution, because, as the value our'cur-
;:ney was to undergo an alto atiou, no one knew
hat Ihree millions was. '1 he very alteration of
u
eircelating medium was a new tax, inasmuch
its'` disqualified people, to a certain extent, front
;raYil'g the old taxes. The nominal amouut of
'l.nler taxes was the same, whilst the payer found
ts nothioal iitcome diminished in consequence of
hilginented %nine of money. He was thus
el. her to the alternative of avoiding the
• rYthent of his taxes, or denying liiirsaself the corn-
te"ls and elijoynteuts to which be had been netts-
bl)lll,ea•
sßut the strongest objection to it would
"'Lind in lo''kttig'at the other circumstances of
e ""ntry. The evidence given before the
Aapce Committerts proved that there .was the
lire'test 'Stagnation io trade ever' known, and
t,) tti"trli: but distress in all the manufactures.—
liie
table was loaded with Petitions from all
Aairts of the country, complaining that the Pe-
tl"ers were Unable to pay their taxes, in AiS-
' Charge their •pour-rates—stating the difficulties
ethe agriculturists, the wretched and starving
_itti--7tlndei(tiii‘antidoyf the maoufaCturers and artisans—and
after Ministers answered to these re-
that they were to be subjected to.
111"_ree millions of new Taxes. Could any thing
ft:v e a more galliog effect on the Country, or at-
-4i :A a more dangerous handle to the disaffected, it
suchexistrd ? The Petitioners complained
wcht they could•not pay their Taxes-that they
c not able to live. The flight Hon. Gentle,
rePltedr ,'have found, a remedy (for a re-
,_r ry he had called it) for all your distresses,,and
''',.:entedy is the imposition 'of new. Taxes.—
ou,.'_,"gitter.)----I have takeu Off eighteen millions
it since the termination of the war-1 find
I ijotioos to the Country, and therefore return
jete of them to bring back our former prove-
1111_4, (Laughter.)—Sueb a declaration
ens:end the sutleritrgs of the people. He allotved
zit right to endeavour to reduce the finances of
Country to a more steady arrangement; but it
• attempted in a manner calculated to strike dis-

may and terror to the heart of evert trader and Ma-
nufacturer in, the land—particularly, after they
, had read the Noble Ltird's (Castlereagh's) Ron-
tisfang -description of the circumstances and re-,
sources of the country.. -.He conscientiously said,
he would rather have a sinking fund of only.two
Millions than one of five on such terms.—
There were bot two ways of enlargilig that fund
-,-either by reform and retrenchment, or by the
imposition of new taxes--he put that in the front
of the battle which the Right HonOtuable Gen-
tleman had placed last. None; from what he
• lrad seen—from conversation with others=—from
the investigations and inquiries he had carried on
at a former pet iod of his life, when the state of
his health permitted it better than it, did now—
it was his serious belief that a saving` in the
present expenditure might be effected Of one mil-
lion. The Right Hon. Gentleman might smile ;
but it was remarkable that it was that night he
had, for the first. time, discovered a saving was
practicable'in the collection 'of the revenue. It
was not to be forgotten that the Noble Lord
(Castlereagh); in moving for the re-appointment
of the Finance Committee in the present Session,
had itrtimated that that was the last year it was to
sit; Many subjects, however, deserting its most
serious consideration still remained unexamined..
The Right Hon. Gentleman 'their commented'
on the conduct of the COMinittee, which he de•
scribed'-as merely the organ of Ministers; 'He
animadverted on ,the, resistance., given by Minis-
ters to almost every proposition for retrench-
ment coining his-iide Of the House. 'He
thungist the whole :limy was toolarge, but al;
loivcd that reductions enough had' been made in
the Navy. He insisted that in the Colonies great
expences might be saved, in the collection of the
revenue and' the consolidation -of Office's. No Ad- •
ministration should:he suffered-to. remain in office
,which would, tree sine penny from the people
more than they repaid in real solid services. He
took the measure in question to be one of the
strongest ever proposed ; and he told the 'House,
that if they assented tO it, they parted with every
security for economy. He dial not wean to cen-
sure those who recommended the intended appli-
cation of 13 millions of the Sinking Faad, but he
would rather abolish it altogether than augment
it by hying on new Taxes. He thought the late
war might have beets carried on by 14n ecouomi,
cal House of Commons and Ministry at halt the
expence incurred by it. Tuinking that savings to
the extent of a million veiling inis.,,ht be made` in
the public expenditure, he could not contribute
towards a measure which would.offeod the \whole
country; he could not agree to laying on new
Taxes,at the present moment, and should there-
fore move the previous question to the two last
Resolutions.

Lord CAsTuttogAGN thought it was not neces-
sary for. hitn to trouble the House atiengtit -; for
though the subject was one of great importance,
and in sorne•of its details of great difficulty, vet
the question of 'hat night lay .vit bin a very Dar-
io* compass. The Hose had to consider; first,
whetlivr, under all tue circumstances of theCoun.
try, they were not called .upon to make some
effort to place the finances of the Conntry in a
state of adequate pi osperity ;- secondly, what was
the extent of the effort.to be made; and thirdly,
whether this was the moment at which that
which might be necessary ought to be_attemPted.
But, before tie app:ied himself directly to the
question, be hoped the House would allow him to
offer some remarks on the preliminary objections
of the Right Hon. Gentleman, which he had
thought proper to plead in bar to the present
plan= The Right Honourable' Gentleman had
said he had no confidence in the present Minis-
ters. But he did not state,that the Taxes pro-
posed were. not necessary. He did not say
but a time Might come when these, 'Or taxes'to a
greater amount, might be properly imposed; but
so long as the country shoulfi 4v; cursed
tiie present Administration, he would not grant
them. He could not have confidence iti their ap-
plication of them; and therefore, if hisjudginent
wire to influence the. House, they would carry op
an Address to the throne to dismiss. theta, and
Choose a more efficient Ministry. The Right
Hon. Gentleman had made some 'observations on
the decision come to on a former night. It was
not unna(ural that be should think the vote 'Thiel)
had been come to favour of Ministers disgrace-
ful to the House, and he could assure those ki ho
voted against,the Right Honourable Gentleman
on that occasion, that they would never purge-
themselves in his -eyes from that disgrace till
they.read their' recantation. Till they did 'that
they would. all be very low in his estima-
tion ; and if ,their names were not inserted
in his perpetual register, they would be at least
inserted in his black book.—(A laugh.),--But the
Right Hon. Gentleman said, that hail his• Motion
been carried, they might .have been far advanced
in those inquiries on which they were .only now
about to enter. NoW, with every disposition' to
do justiee to the readiness of the Right 'Hen.
Gentleman to accept of office, notwithstanding
the inconveniences attached to it, he doubted
much f had that motion been carried, if the new
Admmistrationiwould have so far completed their
arrabgements as.to be ready io enter upon buhi-
ne.ss. by. this time. But the argument of the
Right Hon. Gentleman was this, that the_ first
step the House ought to take was to call for
a new Admittistiation. This forming no part
Of the Resolutions under consideration, he :could
not vote fore them. He (Lord Castlereagh)
must be candid enough to tell him that he had
never hoped for his vote, , but he hoped they
should still 'possess-the confidence of ttie House.
The Right Hon. Gentleman had accused Minis;
tgrs of being unfriendly to economy; but this he
had merely charged against them to bring in his
objections to the Lords'of the 'Adinir.alty and the
third Secretary of 'State, in'order to raise an odium
against them in the country.
.Ministers, however,
had greatly reduced the public burdens, and had
brought the army, navy, and ordnance estimates
so low in the present year, that the Right -Hon.
Gentleman had, been able to urge no very strong
objections against them, and had only brought
forward his ancient nostrum for the relief of the
cOuntryhis recoMmendation'that the two Lords
of the. Admiralty and the third Secretary of State
should be reduced. Now if the army kept up
were too large, why did not the Right Hon. Gen-

denials sOppose tlt amOnnt nr. Its rinfahers At the
proper time ? He must protest against the coarse
taken by the Right lTher:-Gentletnan eufferiee",
the Estimates to pass, anti then: on patiCadet
trhet ion 'assumin g that Ministers deserved ecensere
for their amount. The question now for the
House to consider was;
..evhether 'esr not they
were in posSession of sufficient-information to de-
cide on the resolutions before them.: The Right
HolL (al-e-thleniali said, he (Lord-Castiereagh) 'had
stated this to.he 'the FaSt • Session In which the •
• Committee of Finance would sir, and he therefore
concluded that all anxiety OH' the sailect lit eco-
nomy most be at an end. This weVeitedirecteop-
position to his former arguments, when he taunt •
ed Ministers that thee were the Government of
'Committees, nod reproached them- because they
coultt do nothieg- wit hout ti-Committee. He had
hoped that in the coerse of the present Session
the Committee or Finance would tneke such
progress itt their inquiries that -ell e the. Elenterits
of fieance ewould he .50 Jar biought nuke
the obseevatiou of the House; that they would
be enabled to see whether- or not Ministers
went as far as they ought -to go in the cause
of economy.. , When lie seidt this, .be had. Rec..:
suaded himself that the •Committee Would have
been able to go through the subject of the Bone:
ties anti DrawbaCki;. • The Sittings of rite-Bank
Committee had preventerthis (rain being gone
through with, but he had never supposed. that
there were to be oce future inviries on the sub-
ject of economy, and he trusted that the House
would feel an additional pledge litiA been given'
by Ministers of their anxiety to introduce eenao-:
tided reforms, by:theirchat ging theinselves
•the" htieging the DraWbecks and The Collectioni,
of the Revenue tinder 'the consideration of the!
House itt another Sestion. some- of the Right:
HOnoerable Gentlemen's. remarks lie.hed_a_ri4ht
to complein ;'• and the more so, as hie understood
the topics on which lie bed toutchM Vtlto well to
give a false impression- tii the public, if he 'bird
not thought proper to throw more of -.matinge-e•
meat in his speech than in his opinion becente a
person of his character. Halt of his speech had
been delivered' to • alarth 'the Stockholders 'arid
the Public- on 'the :subject Of -the
Fund, but his arguments„ were.; unfounded itt
fact,' and the presents motion, Which was now
opposed was, in feCt, the very measure which
had been brought forward' a few weeks back by an
Honourable, Membe'r. on the opposite side of the
Flouie,'who had not pressed it to a division.,, ken
detstanding that such a proposDioe was slior'ly to
come from Ministers. Yet.-this
-was theOieastire
with respect ttt which the,Right. Hone qentleman
would now alarm the country, by persuading them
that it involved a violation of faith with the nubile
creditor.- He was sure not hing‘would be pritposed
by the Chancellor, of the lixchetper that was in
opposition to the spirit of the Sinking Fund Act,
but he maintained that the Sinking Film!, if soff:ted
too rapidly to accumulate, tar front provinghene-
ficial toehe public creditor, might, by its operatiote,
be most •injerious to him and tort he country, by.tlte
effect it would have on the value of property. A
time might come When it would he the duty of
Parliament to interfere on account of•its rapid
accumulation, but he, denied that it was intended
now.eo depart from the spirit of the Sinking Fund
Act, arid protested against the argnments
posed to this assertion as unfairly urged. It was
now for the House menfully to look at the finances
of the countryeand determine whether, while we
were at peace, -they ought to be put' in such a
state us to be prepared tor' a new war, if such a
calamity should again) befell the nation. in deciding
on this q festion, he called on the House to consie
der the Government only es far as'they might be
rendered the means of rendering servide. 10 the
country. If they could, not be _trusted.; the
Hotese, owed it to themselves, and 'to the great
community ,ith whose representation they were
charged,' to 'carry up an 'Address' to the Throne,
praying for their removal. The present Ministers
would feel that they disgraced' themselves by ree
raining their situations, if the HauSe should re-
feseto give them 'the means of carrying on the
hasiness of the country in the- way .most tor its
advantage. He therefore conjured them to put.
Ministers wholly out of their consideration, but
as they might- he useful in the country ;•' girt
Ire fairly told them they .must now decide be-
tween removing them, and giving thenieithel,
means of doing•their duty. Ile defended the state-
meats he had. Made at the commencement` of
the Session on :the 'subject of the increasing
prosperity of the country. .That important re-
trenchments might be made be• would riot:deny,
hilt supposing that the sum .of one million might
-be saved, as the Right flonnerable Gentleman,
had assumed, though he' had'nut taken the It onbre
to say hove this could be done; still would he con-
rend that the case of the Chancellor of the Ex.,
Chequer was good and entire. He would maintain
that in time of peace the country ought to have a
Sinking Fund 'of-2,000,0001. Feeling this; be
did not support the proposition of his Right Hon.
Friend for the sake of the stockholder, but for
the sake of the country. This could net
he prepared for a future war, if a progressive
auction of the debt did not take place in time or
peace. It was, therefore, necessary that we shoidd
have a Sinking Fond, rising froth 5 to 8,000',0001. ;
,and if the saving mentioned by the Right Hon
Gentleman could be made, it . was so much.
the better. The state of the Consolidated Fund
at pre'serit., ditTerent frorn what it had Veen at any.
former period of our history, matte it •nikeesarYe
as
-there was no surplus, to reinforce it with new
taxes. Good'faith seethe public Creditor :impe-
riously demanded such a measure.fromehat House.
The Chancellor of the.. Exchequer purposed not to
touch the Sinking Fund from this time till it
should eieeed 8',000,0001. Forhis'part, he should
feel that the country was in a proud situation
when it became possessed of a clear Sinking Fula!
.of 8,000;000/. -Other countries would feel that it
stood in a cemmanding.attituelee for, they knew,
that if any thing WeredOire'thati touched the filo-
tiiiutof a high-minded periPle 'like this, by a recur-
rence to .the, Property -Tax, one• vote of that
House. would place .at the command of the
Government
‘fire Annual Revenue of above
15,000,0001.• • They had had the •prool Of This
When. Buonaparte eiretnrued, • Francee; for
then, in less time than 'had been occupied by
4 the present debate, that House had, given to

Nfitlisters Olt - great slrielcl which carried
Aern through the %var.-014w) hear, hear !)---
VpOn the whole he slimed that the tutor pro.
rspects of'th" country were tar from ,41orrtuy, .010
contended that Ministers woulci Have deserted
their duty, had they not now-tonne forwhrd,to
propose new taxes. The Right Hon Gehtlemaa
had seemed to tl:ink ;axes might tie properly
posed by or her Ministers. Nay his argument Al.

twist wetytoshoWthat the 'Chancellor of the Ex-
.ehequer,onght to. be' tkirned Qui flf hi= place. for

not .rdising !en— tniritios .by taxes, instead of
3,000,00 W. 'He thought 'the House would feel
wilt/ him, that his -Right Hn,-oural le Friend had
taken the proper nit thane ; and -bough on n for-
mer night the iiittobers It n siirpas,ied his hopes,
he, on this oec.ision expected not less
marked favour of Mittisteriolvan 11,,d, been wit -
tteSSed when the question'%ya,., hether ;1107 in•
their opponents best deserved ::11.0, ....orififitlice of
t becooot r,y-,--.-(totol cheer lug )

- Mr. BROUGHAM contended the speet-iiothis'Riglit •I
-lon.
Priend had been ';iniSrepresented in several in-tances by the
Noble Lord. On these put its he place fled to 'offer expl'atia.
lions in vindication:of the consstency of-the Right Honoura-
bk.Gentleman (Mr. Tierney). • He inaintain.'n that iii 'mint
of ffict• good faith'was not kept With the Stockholder by the
'Resolutions now iiimagliflor,fira ;. hut he' ditt•ttot wish Me
pliblic creditor to tiiiiik he had a right to -complaiii, as the
course 'porsucti With respect to the Soiki•ig 'Fund was Dices-
sary to the well-beingolthe touotry, and could not be helped.
He could not iniagine-anycase, save an insult on -our natiorial
• honour and the cooseq moo 'pressure of war, hat could jisst ify
the imposition of fresh burtliens on tlie''peirple. If it were
proved that the fintincialoperations latelvcomnieneed rrquirtol
thein, lie would agree With the Right Ifon.•G•entleman oppo-
•sitedhat the country ought not to` be distUrbeit by a clamonr
against all taxes: hot•the pm nt to be preyed was, that such a
'neeessity existed. and that the mesent moment was the tiesti4fl
'at which fresh taxes•couttl'be created. 'He- should not enter
into an-7 details On the distresses of the country, they-were ad-
Inifti•fi to I beirfollest extent bv the Committee i i their Report,
and by the Hon.Cliairfiran r:Peel) in his speech to the House.
But was t here nothi,.,'g in the measure adopted to restilllV leash
payments,' witch reoffered 'the prospect :of n-, w imposts still
more a-hi:Mo. ? Weolif 'not t hat" hpi.ration Itself act as a
se-
vere tax trpoii the eii4ntey? As all conituddities had for many
; years increased,- in'ter.4l 90 per cent. above t old-price of
geild, and the expetise,obliving at least tOO'pereeot.,wonlii. it
mot he rash to expect;:that- ore the feCitneptioti of cask pay-
! -metits,;t hew price loft stiffer from tire contrary extreme
fail-below tfivii-tt ill value ?- Would ill Ute n,ft, be a gene—
! gal redaction in add welt as in the prices
the"' anioffift-of 5 per Cent. at tik 'minimum, and
• o'tibablS• fit i4ii•per c lt. ? The-t.ol,sequenee w told
be, that all incomes woald he dimioislied, ime tenth and
i scattered less nye to that amount to ',fry atty taxes. Yet
this' was the infie;efit' selected for laving on fresh. imposts I
Had the ' eh:met-nor of tTre Exch Jotter 'o nil his • friend's
felt that' intereSt the introit., to Which
they laid claim 'iii the • pr-perty tax had
been set tgently• tatem out of their li.Tfilits a tax fur which
they were consfn ly lair ern:moos); they would have,
*Sfitiglit'and found t he-Means of remits-log, instead of creating
the-pnlilie burdens; 'ainl.l4 rigorous- economy and Sinspariag
,retreochniellt tvuulit hair relieved the Oation ttorn.the pres-
sure of the measiires.whieli they had heettettnineiled ro adopt.
Ail the taxes whfCti they nowproptised inert inte,ees taxes;aild
not atrtaioreDi dailies. latter ivould tio Course
• •
of the tirorreciation,'ind while the an'aps .if paying were di-
ten per cent, woold -
experience siinitar reduction,
Which -wank] lighten its -pressure. lint a ineney tax did not
follow the same course, mot enforced the payment of so many
-whefner the ineaos were ridueed or not. Ainnler
objection muse from the. state of our Currency. It Was not set-
tled yet : moneyhafflitit)e' as's-timed its final pesitiati. A , (mod
might be'lB or 22 shillalgs,aad•till it had become fixed and de-
t erinined, tit talk of layiint,millidns. of taxes, was alio a tilottr'
in (he dark, which 'mitt it tall MST* or there, sio one could tell
where. There*Wits'no tithe liter:biro:he conceived, wHeft it
..
would be iiiitre tudie.ltsfrdatifife-iiiefinsis.teat with the eirCUM.
stances of the country tli iiiiiieisr new taxes' than the pi:est-fit.
The Noble Lord had liaitt;l of the reductions whiefibad keen '
effected. But they were• Only shoe which could not he pre- ,
tented in time of peace, when it would kite been impossible
for his ..slifjesty's'tditiiiiers to keep up the sante'este,iftud esta-
blishments as in War. •Cettain expenses had, •in tact, ceased
in spite of them. 'l'hy Ntible Lord' aiso complained,' that his
Right Hon. Friend .(111r..-Tieritey) hird•tallted of • retrench-
meats to tint amount of orre.million,•witlrout • pointing out • '
the branches in- which they lois:4ll.hr effected. In a.discus-
shin like toe present his.ROit had. not thought
proper to enter into details... But he- would • the Noble
Lord, where some -of those saviors could 'be Made.. One -
might be,in,the collection of the revenue. ..Was it true'or not,
that the Board of .Lxeise had inade_atioffer to Government to
collect the revenues of the Customs at the same low rate at
which they collected that under their .able mirnifustration,
for, it was impossible to.' speak 'too highly of the
of that dzpartint-nt ? • Bail they nut pi oposcit to co:Let the
revenue of the Customs. at the- rate -of five and a'tractioli.Per
cent., instead of .13 and -a fraction.per cent. which it now
costs, and which ,was one per cebit more than last. year? If
this offer .werc adopted, a siis in.; of 500,0001. a year might at
once be affected; and if this could be .one depart- ..
'went, was lie not justified in thinking that it might-also 'be.
attained in others, if the Administration ill,' not- dutch
'from their duty ? Another c'onsioerabte sat hig• might be
procured by the reduction of the poundage which formed
the payment of a class of. officers. One bundled and
twenty. thousand pontiffs asyear were tints paid to ihe Re 7
sliver of the Land Tax and Assessed 'fakes and the Distribu-
-tors ofiStainps.- But some who received from 7001. to 5;0001.
nlear, would be very happy to at, ept eniter. three. hundred'
or one,thonsand pounds a year, rat, t Ito-1(1,6e the whole of
their income. He did'lnot wisir to alii-lish those places, but
that a better,. bat-gent should be unto, her the pubic. He
also trusted, that prices cans (10,0 to wttat they were be-
tore their advance had rendered ail merease of salaries neces-
•
,sary, thole salafies would he reduced to their foroter
He did not expect this,„ however, notn his Majesty's Go ern. • •
mcnt. knew they neither wished, ot,r dared to attempt
it. They vapour about their majority of 357. '1 bey
might tell.theGentleuteit.Who passed a ride of euntitie,nee
their favour, that they were bound to so eport them through-
•out this inionititsMcAire,. They might talk of this' asthey
pleased, but theY,Were-not in. a cimdition to face their own
clerks, becauiet bey neither enjoyed the coofidence, of the
coinitry,' fiat: thelove of the peopre. Butict net' the' Noble'
Lord imagine tiolt this occasohtll- Majority-would accoMpany
hini.on every measure.. at had supported him on it•
purposely -put in.a way to give tint the greatest advainaze—
and on winch liturgy Members, frnm early prejudiCes, had-
roted, to prevent a eltange of Administiation. '• But the
Noble Lord would msiy deceive if he thought •
he could' command the same majority when the interests
of the country- were-alone concerned. He bad artfully
• attempted to persuade those Gentlemen, Ihat unless...they.
supported his Majesty's Ministers, as they were now bound to
do, their former vote in their favour wash meternockert. Diet
he pi r. B.) would-ask tirent wthether the peopie.eonisi now.
pay more taxes ?Whether.their cons;ituents were in a condi-.
tion that would retitii,- fruiti b tart hen 3 short
of injustice and cruelty I 'Or-whether the itireunistances ofe.
the coontryi did nut turbid instead of encouragiog the at-
tempt. What sae! the Noble 'Lord himself been able to
- in his behalf, ex.cept the grhttlitiius assertion, sup.ported by.-
no argulifent.whatever,•that it was necessouv‘rii have a *itilts-
ing Fond of live and to wring it. froththe Petiole.
the
Noble: Lord rceolfeet what the Sinking Pridewis
when established by Mr. Pitt ? It was osie million for ii, de
of 2!10 millions. If the same proportion were kept to the•pt
. sent debt, five million;;:winild not be wanted, but 3,0%0001. •
II the expenditure was reduced one million, as he had shown
the practicability, .tyo millions and, a half would
wanted. And let Ahern be applied not to Make a millions
display of figth'es, but to reduce the litirdeus of the people.
Mr. fIII.SE,ISSON coptyhded, that -a great pruportion of
the liight Hon.Gentlemau's Nteech (Mr. Tierney') hail been
taken, tip With lantentations'eespertiog- tire diminution of tire
Sinking Fund, whilst the other expressed opinions of .a more
isiconsistent. nature.. His Noble Friend had been
tuiaundvr-
stood. He had"not told the Gentlemen who bait snoported
him on a fOriner occasion, thst they,were bound to'yote for
him fin thu present, only so far as the necessity of the case
was-made 'd'ut. ;And he IMri Huskissonj' had a lowed that
nothing but necessity could justify the imposition of fresh
taxes. lie was upon t flat issue atom. (list he expeciell every -
Gentleman this night would, give his vote upon the goes-
tint: The Right Honourable Gentleman opposite -.had
stated on a former occasion • that other countries were at-
tempting to restore their Finatices. This was undoubt-
edly true the part of lltissia, and Aiistria;
Fiance lierseif, after ell the sacrifices which she had seen
called.up.on'te.make, arid the restitution of her plunder, had
slideeded 'in putting her -finance on a-footing of strength add '
efficiency. Her last Budget proved that her revoi•..e was iiot
, only equal to her expenditure, lout had enabled her to forgo a

on the 'same printille as ilr. Vitt in tl.e neat
7r-1.?, in the proportion globe tier cent. lilt the -amount.eif
the Funded J).•ht, alit:it. did tint exceed 170,000.0001. sterling.
debt, on rite contrary. was upwards of eight hundred
toil toil , and even the taxes strontt,ett would °llly raise the
Sinking Fund to hve eizliths of tto,.t rate which :„ratter had
axed for her owia, With respect to the Consolidated Fund,
during the thirteen years of warsi lee the peace of Amiens, it
had preeinced an at al surplos of 3,524,0001. and an Act
/tad been passed every Session for its appropriation.
13nt since the return of peace and the consolidation of the
-EnZlish and Irish Exchequers, instead of any surplus, the
Consolidated Fund had (e-en deficient to the amount of
1.855,00/./1. The consolidation of the two Exchequers had
brought on this country ail annual charge of 1,,00,0001 eiy
the accomit laid before the House it would be found that
the produce of the Consolidated Fond for the leis preceding
years hails proved short to the amount of 1,174,0001., which,
with he 1,s00,00“1. additional charge for Ireland, exceeded the
whole of the taxes which his Right Ilion. Friend ti. The
efficiency had bi.en hitherto made tip lay an Act en-tiding the
liaak to lend the amount to Government. lint was not
Vats placlog the country at the mercy of the Ilank of Eng-
land ?—(1-lear, hear, hear!)-;—Ile knew the patriotism of its
Directors ;hut that sea;; not the situation in which the credit of
a great country should he placed.—ft-fear, hear, hear'.)--
lie main/ :heel, that if io the year 1783 Mr. Pitt had not
adopted a system of rignrOns taxatien, the country would not
nave attained the state of prnspi,ity which it hart reached in
178 G, when the Sinking Fund had been established. It wa,
the duty of (3overement to foll,tw ati example, and to
place the country on a footing which would enable it to meet
tftr perils of war whenever they "night arise. It was ()Wir,g. to
the systrut adopted by Nil.. Pitt in 17'13 and that he had
been ctialiled in 1-,-ox to, remit the tour fullow,ing"" axes to the
country: two Assessed Taxes, heone upon Free )leis Ser. aws,,
the other upon Carts awl Waggons; the third upon Cot. ages ;
and the last, an additional Tax of a Ad. upon Tallow Candles.
The country had then teruoinated x exist nolo& tunate war
by a most homilivi big peace. Now, indeed, the reverie hail
lenrprited, Kett sad] we must look to the necessity of some day
supporting the expellees of tsar, if they should become Osces-
sary. He tidies-e; that, if Parliament, as he trusted, adopt-
ed this night the measure proposed, the country would he in
a tight course. Its revenne would well as the
wealth of individuals, and the means lit paying taxes. It
bad been asked how we were to provide for the loan
(it next : or i,nswer, woo, toe thps,sl nos,
demanded. As to the deprcciatinn in the ;mice of goods,
il had been. occasioned by over tri,,iiiic:, and he thought
their present price touch /relate that which they would
hear if tl currency were festered. Let it not he
forgotten girt the public had already enjoyed the benefit of
10 millions of taxes remitted. it'ith t espeet to tile proposal
stated by the Honourable and :,earned Gentleman to have
come from the eatartl of Excise, it was totally unictutil“l.
As to the saving. to be (led i , the salaries paid by pound-
age. tile, had already been reduceci =25 per cent., and_ he did
yen think a to; ber diniinution stracticable. 'l'he Hon.
Meneker concluderi by long engrosiinz he
time anti pativere of the blouse. 11 • returned thanks far
their hind indulgenc-, and eXprc-s,ed his sorrow, that front
the pressure of the tints, he was ohlige.d to volt(: for addi•
tional hutthem on the people.
!Or. BROUGHAM exploited.
Mr. SIITH (of Cambridge), condemned the Chancellor of
the Exchequer for imposing three niilhous sit taxes tin the
1-1.• regretted that he saw to prosperity nor security
fur the cottony. It wrt, impossible for any holiest and disin-
terested man to applaud suet, a measure. There was, in hie
opinion, :t palpable defect in the original construction of the
tuancial pia ~ He eartieslis iecominendvd economy and re.
tienchment, and lie had no doubt that a cunsidtrilbie saving
ne4lit he made.
Mr. cALvERT, amidst cries of- 4.‘ Qiustion,luestion !"
said, that lie would not detain the Committee above two mi.
nutes. He wished merely to stlite, that lie wool(' net at that
late hour enter into particulars, but he pledged himseif to
,produce such calculations respecting the profits of breweries
as would prove that the Chancellor of the Exchequer was to-
tally wrong in allegation's.
Mr. SCAR LETT thought that the question now befOre the
I-louse, was regarding the propriety, or imprnpriety, of im-
posing three millions of taxes upon a people already groaning
under burdens. If t bey should be necessary at any (Abet time,
they were not surely accessary now—because his Majesty's
Alinisters had maintained, that the income exceeded the ex.
penditore by two millions. If so, why call for three millions;
when, admitting the truth of what veas alleged by those in
power, one trillion wit- ought to he the utrtonnt? They were
-also assured by the Noble Lord, that they might all calculate
()pact a permanent peace--at least a peace for a r'insiderahta

- .
rof years. With the ceitaiaty, therefore, of a perma-
nt :c, and with a surplus of two milV,;ns beyond out
ev.pop,.l •tire, impose three millions of a.2Jitional taxes on
t lie v.; he ? t very view of thesubject, be thought it in-
cumbent upon him to vote against the measure.
Mr. IIANKES hoped for the iocluigence of Cie House for a
few minutes, while he assigned his rearms for supporting the
proposition of the Chancellor of the Excliegner. Whatever
objections had been Made, he felt it his duty to vote for ad-
duitnial taxes. If it was a matter of atrocity," as some

Gentle men had been pleased to term the measure, be took
upon himself a share of the odium and responsibility. It was
necessary measure, aced he cheerfully gave it his vote. A
Learned Gentleman (Mr. Searlett), by a strange mode of rea-
soning, bad a et eged, that a Sinking Fund was of no use in time
of peace. Inktinee of peace, buss -vee., a Sinking Fund was of a
very great use, because it enabled them to prepare for war.
All Statesmen—Mr. Fcx, Mr. Sheridan, and other en-
lightened men, had agreed with Mr. Pitt in the wisdom and
policy of the plan, an& it was left for the Learned Gentleman
to stand alone on such weak ground. The very measure had
originated in time of peace, and was the chief and grand en-
ghee which bad supported this country through a long-, an
exhausting," hot a glorious war. The present proposition Has
Mot a matter of pleasure, but of necessity on the part of Mi-
nisters, and they should have his support.
Mr. CANNING rose amidst loud cries of Question, and

after seine remarl4 on the proposition of the Right ho-
nourable Member for putting the previous question, spoke
at great length in support of the motion before the
House. The wily way, he said, in which the Commit
tee would abandon its duty to the country, would be by
having the present question in suspense, and thus sub-
jecting the public mind to continued anxiety. He de-
nied that this additional burden been resolved upon
iince the motion of the Right Houotsrable Gent.leinan
(Mr. Tierney) had been discusS'ed ; and pledged his word of
honour that it had been determined upon long before. It
was, therefore, erroneous and unfair to suppose,. that it was
now proposed as a test of the strength of his side of the
House ; for his Majesty's Ministers had conceived the mea-
sure necessary, long before the motion of the Right Honour-
able"Genti•ein•th
.had given them so triumphant a majority.
After an able and a brilliant speech, which we cannot (from
want of room) attempt to detail, he condemned Opposition
for recommending a Lind of cowardly system, instead of an
open and manly conduct; and ridiculed Mr. Tierney fur net
probing or removing the evil at once, instead of postponing it
for six months, that it might beewhe bitterly, if not alarm-
ingly, aggravated. He was about to state some few ohserva-.
tions, but seeing the subsequent lion. Member on his legs,
he declared himself well pleased with the Hon. Member's
alacrity, and abruptly sat down amidst cheering and laughter !

Mr. CALCRAFT said, that during Ole whole \time that ht!
had been in Parliament he had never witnessed such a foul
and wanton attack as that upon his Right lion. Friend (Mr.

Tierney), •
Mr. CANNINC; rose to order. Ire thought that the Gen-
tlemen on the opposite wide might act upon the principle of
give ani talie. If they Wit%drew the expressions " indecent
and atrocious," he would live no objection to retract the
exceptionable expressions which he had used.—(Hear, hear!)

Mr. CALCRAFT thought, that of all men, the Right Hon.
Goalentmi should he the, last to use expressions of revilement
and nnWarfallta irritatinn. He (Mr. Calcraft) would avoid
reminding t/ie iiight Hon. Gentleman how he some time ago
stood with those now near hint, and how he had attacked their
character, and soffered by it !
Mr. BROGDEN, as Chairman, called to order, and r.tated
that such personalities were unparliamentary.—(Hear, hear!)
Mr. CALGRAFT confessed that he had been hurried away
by the feelings of the moment.
Mr. CANNING explained.—He censured alt arguments
which were directed to 'a goading and dilatory research, and
therefore wished tu dewonstrate to all'Eurcrpe, that instead of

n nwt,.:ity tor postponing aro evil ti;r sit monthi, Wry Nets
ably a 1 1 really tonndke an immediate provision against it.
Mr M..at:TiONAtt) opposed the proposition of the Chan-
cellor of the Exchequer.
Mr. M Awn>: supported the measure.
A d'visiiin ensiled— •

For the Original Motion ... 3'"9
-Against It
Majority for 'Ministers ---,197.
'rhe Report of the Cash Payment Bill Wag brought up and
agreed toocid ordered to be read a third time to-morrow.
The other Ostlers of the Day were then disposed of, and
the House adjourned at o'Clocts.

THEATRICAL REGISTER.
Perforaid Last ,W..trht.
THEATRE ROYAL, Dltt/RY-LANE.—Pizarro: Rolla, Mr. Kean ;
Cora, Mrs. Robinson. After which, The Day after .the
Weddin,,', To which was added, My ,4. Spoo, and 1.
THEATRE ROYAL, COVENT-GARbEN.*Tilit ,Haunted Tower:
Lord Williaru, Mr. limit; Lady Elinor, Mrs. Diekons.
Ater which, Cozening, To which was added, Mother
:.Goose.

PRICE OF STOCKS
IRIS l+A Y Al rwit..
3 per rent. fled, Exch Bilk, 9d.. V.Oll. pr.
3i per l'cmt ..7g 7;4 Ditto CA.tu Erci3-.
per 874 884 for 7ut 69i
Ban!: Loots Arni.lB 18 3-;iit is 7044/
India Donis. ls. 2s. dis.

M.lflN.
ARtivrlt—l Dublin, I \%,tcrfurd, I Guernsey ;ell Jer•cy,
I Ilf,llapd. France, I Oan,:ticil, 1 America.
D'uE—l Got I Li,buji, l Malta,.

HIGH t‘' ATER AT LONDON BRIDGE TO-N101t11011,7.
Morning, I() minutes after 3. Eveuiliik, $5 minUtes after S.

TUESETN
•

SOLEM (VIS ',MEHL FALSVM ALTDEAT ?

LON DON,
TUESIMY, JUNE 8, 1819.

--The following is au exact Copy of the HUI.-
g.,LTI N. which by An untoreseen sccident, as we
noticed yesterday, was nutuekily delayed
His .31/..tasri 114$ passed the last mouth very
quietly, though still exhibiting the same conti-
nued marks of Di4order. His MAJEsTv's genre al
ElealtL is unimpaired.

"'HENRY IIALFORD.
.4 M. 8.-111.1,1 E
.4 W. HEBEI-WEN.
1‘ ROB'!'. WILLIS."

" Wsl4/36011 CASTLE,
STH JUNE, 1819."

We received this morning the Paris Papers of
Saturday. W' have barely room to notice briefly
their Contents. The discussion on the Budget of
the War Department, in the Chamber of Depu-
ties, was continued through great part of the Sit-
ting of Friday. Au Amendmint, moved by M.
DELIMERT, for making a reduction of 12,000,000
francs, was rejected ; but another Amendment,
moved by M. de SALts, for making a reduction of
8,000,000 1., was agreed to. The discussion was
then proceeded itt on other parrs of the Puojet,
respecting the Estimates for the service of 1319,
which was adjourned till Saturday.
The King, it is said, was expected to go out in
the course of the present week.

The projet respecting the financial accounts was
presented to the Chamber of Peers on Friday, and
ol tiered to be reterred to the Bureaux.

An article from Stockholm, dated the 21st ult.,
says—" Tie KINo returned nuexpectedly to this
capital yesterday evening. There is a report' of
some interesting communications received from
the Court of Vienna, but respecting which no-
thing has yet transpired. There is again a talk,
coupled with it sort of mystery, of the letter writ-
ten to a Great Sovereign, which was returned un-
answered."

PIN'S PER CENTS.

Friday

6R 1. 95 e.

DicrERRED STOCK.
Of the e2d Mar;! , 1417, . RG f. 85c.
22(1 Sept. 1817, , !At'. 85 c.
122 d Nl3tch, 1811, .. Si f. /45c.
22d Sept. Isla, .... f. 85c.
22d AIM/0819, ......781. /30 e.

(Frans The Jamaica Gazette of the 17th

Accounts, received via Maracaibo, represent
• the Royal Cause in Venezuela to be most prospe-
rous. The Independents were defeated in every
direction. MostiLLo's Army was 'composed of
22,000 men, a great proportion of whom were
Creoles.--Au altercation has arisen between Bo-
r.-11'AR and Colonel ENGLISH, respecting some cir.
cumstances in the management of the troops,
which were deemed to be insubordinate on the
part of the latter, and he was allured to a certain
district, with a promise that his wishes would be
complied with, when be was tried by a summary
Court Martial, composed mostly of foreigners,
and sentenced to be shot, which was carried into
execution soon after.

By letters received yesterday from New Ymk,
it appears that upwards of forty homes in the
cotton line failed in the course of seven days, 'and
the greatest distress prevailed throughout all the
great towns in Auto ice.

The Financial Resolutioos, previously announc•
ed by the CHANCELLOR Of tie EXCHEQUER, he
last night submitted to the [-louse of Commons.—
The subject was so fully discussed, and our Report
is so ample, that we will not presume at present
to enter into any hasty remarks. The articles on
which new Taxes riete propuied, viz, Malt,

rLs, J4CCQ, .CutT.et, Cocos, Tea, Pepper, and
Foreign Wool, may he generally approved, though
in some particulars they will nut, perhaps, pass
without strong objections. The Times of to-
day says, that " last night produced the unami-
able tio'velty of New Taxes."—Unhappily Taxes are
no notielly ; but the People must console them-
selves with the consideration that Taxes, heavy
'as they are, enabled us to put aortic! to the mise-
ries of war, that they are temporary burthens,
and that they brought about the peace and
security of Ettrore. The 'Writing Chronicle is
totally .silent to-day, and therefore it may
be inferred that it bad no striking objec-
tions to make ; for otherwise its vigilance and
acuteness would, most probably, have been vehe-
mently apparent. But, as to Taxes, we are afraid
that the critic:4l- state of France and American
atnbition afford little hope that we shall soon be
teleased from the hurthen.

I.'l

The oh.servations of the CHANCELLOR of the

Ex CHEQUER, list night, upon the present shame-
fully It;gli price of Buse deserve notice. We have
had a bounteous harvest. Hops are not one-third
the price they were at last year, Malt not more
than two-thirds, but Beer is kept up at the highest
price it ever attained in tittles of scarcity. The
Patriotic Brewer vehemently exclaimed against
'false itnputatiocs, as lie %vas pleased to tcrna them,
and pledged himself to disprove their truth ; but
be teas equally vehement last year upon Mr.
BARERR BHAV MONT for mAing a similar disclo-
sure, and, in hke manner, pledged himself to dis-
prove their fru b -also. We still wait for the.pro-
tnised re:utation.

THE FUNDS.—Considerable fluctuation has
taken place this morning in the price of Stocks ;
Consols opened at 69k, fell to j, then rose to 70h,
again declined to 64, and at t welve o'clock were
701 ; they afterwards rose to 70i, and then fell to
74. Much business has been done, but the
Market hoks heavy. The Commissioners were
served in Reduced at 691, by the Elo,ise generally.

We are sorry to announce the failure of ano-
ther greet Mercantile House in the City.

PARLIAMENTARY RPFORM.—The rejection of
the Electors' Oath Bill has made a strong im-
pression on the Public Mind, unfavourable to the
GENERAL body of the Oppositioly—lt is now evi-
dent that they advocated such a Reform in Parlia-
ment, as they knew would never be conceded
by the ELfLECTING part of the community—hut
the moment au opportunity is afforded to them
by the disinterested and patriotic conduct of a few
independent Members, who were anxious to ob-
tain a rational Reform, and to place the Close
Boroughs on a footing, in point of regulation,
tvith Counties and Cities, and Towns which are
Counties of themselves, they shrunk from the
vote, and left these respectable individuals in a
minority, though the night before they had ral-
lied in the support of the Reform of the Scorch
Boroughs, which they carried. But the vYil is
drawn aside, and the Public now know how to
appreciate the sincerity and consistency of the
Opposition, who are sunk lower in the estimation
of the People than they ever were at any former
period. It is, however, satisfactory to observe,
that the. Country at large are feelingly alive to the
r
importance of Mr. WILLIAM IN ILLIAMS'S Bill,
and we have no doubt but that io the next Ses-
sion of Parliament, the Electors in the Close Bo-
roughs will be put on such a footing as to prevent
in future OCCASIONALTY, and the other corrupt
practices, which have too long been allowed to
prevail in them. The Constitution and the Go-
vernment do not require aid of Cot nature ;—to
prosper;, they must be supported by the good
sense and loyalty of the People, which they will
always enjoy, so long as they maintain ,the purity
of the law and the genuine principles of freedom.
The silence of the Opposition Prints on this
portant subject is easily accounted for—Arid in the
course of the summer recess, we shall submit to
out Readers some observations on their- patriotism
and consistency, and revive the Cousiderat'oo of
this great question, with a view to its enlarged
discussion in the next Session of Parliament.

TIMBER DUTIES ,---Considerable anxiety is felt at
the Out Ports, lest there should he an intention to
impose a duty on Wood from British Norlt Ame-
rica, titan shied we do not know so impolitic a
suggestion ; not only as it affects the interests of
those loyal Provinces, but as it will most even.
sive-ly injure the British Shipping and Navigation.
The present duties were, on mature reflection and
consideration, recommended by Lord BATHURST,
and the late Mr. Rosa, in order to countervail the
diffetence of the distance of the voyages to British
America, as compared with those to the Baltic;
and we wish to know, with reference to the actual
state of the Timber Trade from British America
on both sides of Great Britain, whether it can brat

any taxation wit'aleyer It' the exi.;,ncies of t!'e
State require further taxation, -there probabli
would he no objection to the duty mew itmed ou
Colonial Timber, if a correspondent increase 01
duly was impoaed on all Foreign Timber imported;
but to tax Timber from oar own Colonies, to gra"
tily the Northern States of Europe, would be an act
of political Suicide, more to be deplored than
some of the unaccountable sacrifices which have'
recently been made to the United States. To the'
King's Colonies in America the Timber; Trade is A
secondary object ; its importance arises from the
annual employment it affords to one thousand
three handled square rigged British Vessels, atul the
Exports it gives rise to on account of ,the's.mall
charge of freight out wards. If any duty is impos'
ed on Colonial Wood, without an equal advance 00
Foreign Timber, the English Ship-Owners n►u't
abandon the Trade altogether ; for it is owing to
the present duties on Foreign limber thatihcy arc
capable of carrying it on at the present rate of
reight. We trust that the Members for theMaritimo
Comities and the Out Ports will look to this sub'
ject, and -not suffer their political partialities to
.prevent them from supporting, in times of de-
pression like the present, THE SHIPPING INTERS
of Great Britain.

EXTRACT OF A LRTTEIX FROM TRINIDAD, APRIL
" Let me hope that the advice 1 have so unceasa
ingly giVen you with regard to the Spanish Main, •
has been attended to, as, be assured, that inevit"
ab:e ruin must follow every person who places
confidefice in the people of that country. An elavcs
are equally bad, Royalists as well as Indepeo'
dents ; and if the Government of tl3e latter was
composed of good people, has it' not in its power
to pay its engagements. In place of being a sera
vice to this Colony, it has played the devil with it.
A number of shiPs have some days since gone from
hence to Margaritta with troops, tinder a Coloacl
ENGLISti their object must be to approach
the Carraccas ; but should they succeed, what
benefit are they to derive by it ? There is 110';
a dollar to he procured in the Province, and the
long continuation of war has drained it of evert
description of property."—(,',Morning Fog.)