The Sun.
London, England, 1842-09-02 00:00:00

RAILWAY SHARES

Versailles, R.B ...... 286 25... 286 25... 286 25... 286 25
. L.B 95 ... 100 ... 95 ... 100
Rouen
Orleans.
Strasburg to Bale 203 75... 203 75... 203 75... 203 75

BEAUTIES OF THE INCOME-TAX.—It is to be re-
gretted that this light, pleasing, and well-intentioned
impost is by no means so popular as our " lovely"
Premier fondly predicted it would be. The middle
classes, with that " vulgar impatience of taxation"—
to quote Lord Castlereagh's famous expression—
which has always characterised them, are beginning
to discover that it is as oppressive as it is un-
intelligible, and to resent Sir Robert Peel's medi-
tated invasion of the sacred recesses of their
breeches-pockets, as a sort of personal affront, which
it undoubtedly is. Letters, full of the sternest
and most solemn pathos, are constantly appear-
ing in The &in, and other public Journals, on this
touching subject; and among them, is one from
a small fundholder, whose " income does not amount
to 150/. a year ;" but who, nevertheless, was officially
fleeced at the Bank last July ; and who states that
he can only obtain redress, by journeying from his
residence, " a distance of sixty miles from London "
to Somerset House ; and attending there daily till
the authorities are at leisure to hear his explanation!
Of course, while in town, he must be put to con-
siderable expense for board, lodging, &e., which,
with his coach-hire to and fro, will leave
him a lbser to the tune of some six or eight pounds,
even should he succeed in getting back
the sum of which the Bank has eased him ! Under
these circumstances he feels that he has no alternative
but to make a present of the sum to Government, for
'which we do not think it at all likely that he will
receive the thanks of the Chancellor of the Exchequer!
This is one instance of the lively and gracicus work-
ing of the Income-tax. Another, is that of a young
surgeon who, having filled up one Exemption Form,
has had another open one left lit his house ; and being
absent at the time from home, he has the consola-
tion of knowing that his whole establishment have
read the second document, and are consequently
acquainted with the fact that his entire professional
income is under 150/., which he says will most likely
do him infinite damage in the neighbourhood where
he practiCes. These are but two out of a hundred
other instances that we could mention, all of which
tend to show that the Income-tax is by no means a
paragon of financial perfection, notwithstanding that
Mr. Goulburn declared in the Rouse of Commons
that he wanted words to express his sense of its sur-
passing excellence ! Chancellors of the Exchequer
are very apt to go off in raptures at the idea of a
new tax.

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.
The small amount of intelligence received as yet
from India has caused almost a total cessation of
business in the Funds this morning. Stock-jobbers
and merchants are alike anxious for the detailed
accounts, and until they. shall arrived operations
are suspended. Holders of Stock are firm, and con-
sequently the prices of Consols are 921 for Money,
and 93 for the Account, which is a shade above the rates
ofyesterday. The transfer books are closed for Bank and
Three per Cents. Reduced Stock ; some bargains have
however, been made in the latter, at 931 with the
dividend; Three-and-a-Half per Cent. Reduced,
1018; New Three-and-a-Half per Cents., 101 101* ;
India Stock' 249 251; India Bonds, 34 36 ; Exche-
quer Bills, Old, 51 53 ; New, 49 51 prem.
In Foreign Securities, the business has been in the
Dutch Two-and-a-Half per Cents., at 52*, the Five
per Cents., 102*,- both of which are lower than the
opening prices ; and in Danish at 83f.
The, quotation for Mexican is now 34, having
been as low as 33k.
Transactions in Shares have been but limited, and
the market is generally dull. Great Western NQW
Shares, 60 60* ; South Western, 594 ; Brighton, 33* ;
South Eastern Scrip, 6k ; North Midland Thirds,
28 ; and Edinburgh and Glasgow,. 49, include the
principal purchases to-day.
The Bonds quoted to-day are---Portuguese Five per
Cents., '34 ; the Three per Cents., 20f ; Spanish Five
per Cents., ex converted coupons, 16 ; the' Three per
Cents., 20*, all for time.
MANCHESTER STOCK EXCHANGE, SEPT. 1.-Our
Market to-day has been very flat, and tl:e only tran-
saction quoted is Edinburgh and Glasgow, 491. 1 ls. Bd.
cum div.

CLOSING PRICES.
BRITISH FUNDS.

Bank Stock
3 per Cent. Red. ....
3 per Cent. Cons-- 921 Ditto Old Annuities ...
3l} per Cent. Red... 102 Ditto New Annuities...
New 34 per Cent... loli 'Ex. Bills, 1,000/....2d. 51 pm
N' 117 V 5 per Cen'. Ditto 5001...... 51 pm
Long Annuities to expire Ditto Small ...... 51 pm
Jan. 1860 ... ...... 12 11-16 Bank Stock for Acct....
Oct. 1859
Jan. .1860 l2 7-16 Consols for Acct.
FOREIGN FUNDS.
Austrian, 5 per cent.... (Portuguese, 5 per cent.
Belgian, 5 per cent — !Ditto, New Ditto
Brazilian Bondi Prussian, 5 per cent..,.
Buenos Ayres6 per cent — !Russian, 5 pet cent....., 112
l..hilian, 6 per cent — Ditto, Metallic .... •. . ....
Colombian, 6 per cent — ?Spanish, 5 per cent
Ditto. 1824 — ,Ditto Deferred.... ... 94
Danish, 3 per cent 844 French, 5 per cent. —f. —e.
Greek, 1825, 5 per cent — j Exchange
Mexican, 5 per cent 54 French, 3 percent. —f. —c.
Ditto, 6 per cent. 1837 Dutch, 24 per cent....... 52/1
Peruvian, 1825, 6 per et. Ditto, 5 per cent. .. ... 102./
SHARES.
Eastern Counties Railway (23 raid) ... ..... Bi.
Ditto Debentures .. .... .... ..... . ..... ...10/ 6s gd
Edinburgh and Glasgow (50 paid) ••• 49
Ditto New Shares ( 3 paid ....
Great Western Itailway (65 "aid) ...........
Ditto New Shares ( 50 paid) 604
London and Brighton (50 paid).. ......... ~ 33A
London and Rlackwall ( paid) ..... 7i
London and Birmingham (90) ....4 ..... —
Ditto Quarter Shares (25 paid) 49
London and South Western (411 tis 10d pd) 594
North Midland Railway (100) . 58
Ditto Half Shares (40 paid)
Paris and Rotten (18 paid) * . 184
South Eastern and Dover (50 peed).........
Ditto Scrip (10 paid)

LLOYD'S SHIPPING—(THIS DAY.)
LONDON, SEPT. 2.—Wind this day at noon N.N.W.,
light airs and cloudy.
DEAL, SEPT. I.—Wind S.W., fresh—Arrd. Teazel.,
Westhaven ; Tanjore transport, tOr Quebec.
RAMSGATE, SEPT. I.—Arrd. Meriin, Newcastle, for
Bayonne, leaky, and with damage, having been run into
by a ship on the.3oth ult. off Dungeness; one of the
crew miz,sing.
PORTSMOUTH, SEPT. I.—Wind W. N. W.—Arrd.
Ontario; Bradish, New York, sailed 2d nit., and pro-
ceeded for London ; John Line, London for Madras.
OFF SWANAGE, AUG. 30.—Mozart, Wachter. Batavia.
BatxuAm, SEPT. I.—Arrd. Vine, Ne‘vport,for Leith,
dismasted. .
FALMOUTH, Ana. 31.—Wind- N.N.W. to W.S.W.,
mo•l42rate.—Arrd. her Majesty's steamer Gleaner, West
Indies, left Bermuda on the 23th ult. Arrd. off, Col-
chestr r, Withers, Bombay.
LIVERPOOL, SEPT. I.—Wind fre,h.—Arrd.
Independence, Nye, New York. Sid. Dan, Rio ; British
Queen, Newfoundland. A ship, supposed outwi rd bound,
is ashore on Dover Point.
CORK, Ana. 30.—Arrd. Urania, Eleanor, Montreal.
SHIELDS, AUG. 31.—S1d. Johann, Chribtoph, R o.

The vintage has commenced .in the environs of
Dijon, being even earlier than in 1822, which was a very.
for►vard Aeasun.