The Sun.
London, England, 1816-04-04 00:00:00

'J't) 1:11E SUN'.

S s , e-
,obl-eiratimo on 4at its awl restric-
tions importations, are Much *serving of at-
tention, esti rioceqsy of tonelsisioth Tile desir-
able,in theory and the- possible inTractice, th‘
iiile,and the exception; are ttit stumbling blocks
of political science and saric-ity besides that, we
him st contrarieties, and jump effects-1 which the
slow stretch of time:done can rtack. At 20 per
troi. linty, the Dutchman may still compete with
our dairies, and with Ireland, if she insists on
tnii.e, which is the pihicipal dint of all restriction
raf competition. Besides, that when butch fresh
butter is exsitttled Irons this market, which is Ore,-
ferret) as the readiest aml the nearest,' with a
trine more salt, it Will compete with the Irish in
Portugal. and the numerous Atlantic Isles,
*bleb tite the markets that determine its value
•
The 611Cq)ne'ss of Dutch .cheese is Its only re-
toitiniendialio nail a 'very strong
.ont with the
poorer classes.

In finance, something radical will be ielnited,
and cannot long be avoided. We should be pre-
pated foi it, if taxes Onnot be paid, or will riot
be submitted to, other remedies !oust be resorted

to, 1 inclose you an article for the notice of your
readers contradiction will be as useful, or more
so, than assent to its bearing ; necessity alone
will determine the matter, and conduct speculation
but Hole,

VALUE OF MONEY.

A principal eatise of the 'difficulties end distress
of the time passing, is the iluctnation of value of
our nominal currency. 'file notion of money hes
ever been that to en unvarying standard, by which
all other commodities might be compared ; but our
looney, or currency, has become the very reverse
of this, so as to create and increase much error
of estimate, and confusion of property end values.
When the farmer sold his wliettt for 5/. Ioe. per
quarter of [Link mother paperosod the public at!.
ditor received hut one varler of wheat pc r ann. for
his 1001. lent, things were in some proportion ; the
cultivator could then afford 'o pay 40 or 50/. of
taxes out of this price ; but when the price of
wheat i 3 set at 45 to .50s. the quarter, the stock-
.holder nit* hate more than two quarters per
annum, and the same moutit of taxes is required,
Ohio ere strweely changed; neither proportion
to'r p:opricti exist any longer, it cannot so coo.
tinne hole, nor should. ' •
When money Was !cot to the State, or that
i'inte.ndy. 'or paper credit, which has been substi-
tute l with us for money, the virtual agreement
of the time has been on an averege about 51. 10*.
per 161101111 of ansinity interest for the 1001. One
hundrsd pounds, theo, representing about 20
quariers of wheat, or 20 ounces of gold, and pro.
perly Mffigli 110. 1 rote reload 11111111iiliyin ne
ouro,--tutist tleeetVe double this return in wheat,
or 2I ounces of silver, and has muck changed his
relative and proper position, wits the land and
irs produee; or with the property, industry, anti
reveune of the State.
Our monetary system is preyed to be very badly
toiled to the borrowing or funded systeme—no
evity in now existing between them ; the depre-
ciation its the currency price of all property, and
the increase in thy power or velue• of that cur-
nw}, hes nearly passed.all the property of the
country into the bends of the public creditor, pen.
sinner, half-pay oCer, and official salary ; for
slow that 5/. of currency will command 20 ounces
of silver, instead of 14, and these 20 .ounces of
si!vvr trill pereheee two quartette of wheat, or
other things its proportion, they have fallen into
the command of one-third more of metallic mu-
stey, tool to the claim of double of other property,
more than the intent, spirit, or equity of the
egreemeut looked to, or is proper.
This has been iu some degree remedied, though
impertettly; by the Property or income Tax of
recent ; the abolition of which, instead of
its increase, which v:oulci have been wiser, and
With proper reeolation, better suited to our con.
tlition, bus left this disproportiOn in its whole ex-
cess of oppressing; t in the default and disuse of
this tax, some remedial correctire is much Want-
ed • what is felt at this time, it is to be hoped,
will not call on our attention, by an increased in-
tensity of suilering, but he assisted and eased,
such as it is, by every prudential regulation.
The load anti reressive ineurnbmee of an ex-
thSive taxation, should be lightened and relieved
by every practicable retrenchment of establish-
smolt, civil, military, end administrative ; the
et&ets of which insystem, infloence; and totem*,
will be ;wore oholestime tool powerful then even
its direct ecolioniy. This, however, carried to
the farthest point of practical propriety, cannot
reach the exigence and oecesbity of our etnlition,
nod at the utmost is, by re-action, greatly dinii-
liished in egret. If all the salaries and pensions
of establishment throughout the realm were re-
anted Dee-half, this would not ease anti assist
woe financial position in that amount, nor in more
than half 01 it ; the rest would be lost in the re.
slimed income Of the taxes.

air, : /rt. trout be inure direct, and of grcater
since, # Property and Income' ax of 10 or
:20 per cent. cannot now be proposed, the ciivif
dents be reduced one-fifth, the interest of
money set at .4 per cent. instead of 3; salaries,
pensions, and, pay, reduced in proportion with
Teln6 kind Wages. This will go near to restore
the'equilltainin of value and property, debt-and
fitltation, ret time and income, with equality, and
Wittig/Ift ininitiet, If the saute end can be neenin=
Xlitiled by any tither and better means, be it so j.
the ohjeeta not the instrument, is the one tibing
zieedla. 'What is our Condition ? what 'fire' iti
istito ? what is the necessity, and what the