The Sun.
London, England, 1829-05-09 00:00:00

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to 170,0004 ;on the per Cents., which is now paid
out of the public revenue, to 280,0001. The public now
make up this fund, which failed ; but the claimants for
pensions will never fail ; the fund may change, but they
are unchangeable. The Wad Weight remains, while all
other property is changing hands and paseirg to otter
• whets- Adding these charges to the Dead Weight,
which is 6,455,0001., it makes an aggregate of 6,147,000/.
We are told that we cannot touch the Dead Weight or
Pensions. Is it possible that we can be told the country
shall not take this subject int.) discussion, when three-
fourths of every man's labour is taken away from him in
taxation? Can I conclude better than by quoting the
Itight lion. Gentleman's words this evening, when lie
said, speaking in terms of exuitation :—" This is the in-
-1 creme of the expenditure and of the income; this is the
evidence of our internal prosperity, and of the contentment,
ease, and cornfart of the population. There is ample
ground for congratiilation in the present happy state in
which we are."-..,
(Clivers.)
The CHANCELLOR of the EXCFIEQUER—I do not
rise to follow the Honourable Member through all the mis-
representations in which he has thought proper to indulge,
and which Honourable Gentlemen who were not present
When I addressed the House have thought proper to cheer.
--(cheers.)—The Honourable Gentleman has stated that
I did not advert to the distress that prevails in the country.
Is there not an honest man in the House to bear witness
to the contrary?—(Cheers.)—When he quote, my ex-
' pression as to the increased exports and income, the con-
. 'sequence of the increased consumption of the people, does
he not completely misrepresent what fell from me ? I
drew a picture of the state of the country, as it appears
stated in documents lying on the table of this House. I
inferred the increased comforts of the people from this in-
creased consumption of exciseable articles, as a sign of
their greater prosperity. He uses this as applied to the
present thnes; and appealing to the Spitalfielda weavers,
makes an oration to them, which, if the individuals were
here, would, in all prob ihility, excite them against me.
He takes my statement of one year and applies it to another
P eriod. I protest against any such misrepresentation, and
-beg that when he reads any passage from my speeches
again, that he will not apply to one state of things what
I applied to another. I say I did state there was distress ;
but having to submit a question relative to the revenue
and expenditure of the past year and the estimates of the
'present year, I did not wish to diverge into that which
' would be a very fit and important subject of inquiry by
itself. I will not follow it any further at present ; but I
Wag anxious, without loss of time, to protest against the
kierepreeentation, which I am bound to say I believe was
*tt intentional, but certainly as ample as ever I heard in
:Mthis House from any individual, even from the Honourable
ember himself.—(Cheers.)
Mr. HUME.—No man can more extremely ragret than
InYttelf if I have improperly represented the Right Hon.
Gentleman's sentiments ; but I leave it to the House how
far I misapplied his statement, and how far he dwelt on the
smitten of the country, He sat down with these words :
I the distress as a passing.cloud early to disap-
Pears and leave the country to a state of transcendent pro-
sperity." Whether this will not bear the interpretation I
put Upon it, the House must judge. It appears to me to
treat the distress merely as a cloud that obscures the sir in
Pausing, but which will soon disappear, and then the
eanntrY will rise from its difficulties to more prosperity
than ever--(Cheers-)
The CHANCELLOR of the EXCHEQUER.—I will
merely observe, that the Hon. Gentleman misrepresents
mestill; the very passage he quotes shows that I admitted
there, was some pressure. As to the metaphor of ".tran-
7nnsut some
it may be very good, but it is not
lame, and I will not rob the Hon. Gentleman of a word.
cWhat I said was, that the country was in a period of dif-
nitY but I expressed my hope that it would not last very
.--(Hear, hear.)
Alderman WAITHMAN admitted that there was
I-degree of excitement in the silk trade ; but he had
!will advised the workmen not to quarrel with their
4nPloyers. He gave credit to the Right Hon. Gentleman
Ise the clearness of his speech ; he threw no fault on the
Ni'llsent Administration, who did pretty much like their
eeessors, and, indeed, were treading in the beaten path
kith.rnore than he wished them to do. He did not wish
:hit he
change of Administration, for he frankly owned
whit he did not bee how the country could be benefited by
it,. • He, as a Member of that House, was expressing his
114 a., ion, and he trusted he was not throwing it away. He
a
d not think it disreputable for his Itlajeety's Minister, L attend to' what Members said, and sometimes even to
,"lew their advice.. The Right Honourable Gentleman
toth4l4 certainly given aortae very flourishing description at
e end of his speech, as to the state of prosperity he
icipates.- He (Mr. Alderman Waithmatt), one day,
Matter of amusement, ha I waded through the King's
on the to the House, and he found passages in every
e.in the 'same tone as to the eternally increasing prospe-
" land`ril. there was a little distress, it was treated
Passing cloud, and as a temporary matter : this
was so remarkable, that the tail of any one speech would
ibietlotongaedby. other just as well as to the one one to which it
The Right Hon. Gent. had described the year
1,828 ad one of prosperity. *Now that was certainly not
the" ease. He had talked of the floniishing specimens of
'0.0; enterprise, energy,skill, and capital of the coun-
trY; but where was it tobefound ? What hail become of
thoee.valuable qualities in the labouring elegises? It teas
the duty of that House to inquire into the causes of the
distresa. He denied that the trade of this country
hadi anyg advantage over that of other countries. He main-
-I,lned that every branch of trade had flourishinl in propor-
tion as it had been protected. How could it be expected
that the country could be in a thriving state while his
fieatY's Ministers admitted the produce of foreign coon-
tile to compete with the manufactures at home, while
ttlere Was no reciprocity to the system pursued by other
Ponntries ?--(Cries of " bar, bar !" and "order, order.")__
lie held in his hand a paper which he had taken the trouble
,to draw up from the official returns that had been made to
yarliainent. The Worthy Alderman then roceeed to
contend, from the items contained in the follopwingd docu-
Stela, that. there was nothing in the result of the free-trade
%tem to justify the Ministers in pursuing the same course ;
trtd that as long as it was persisted in, there were no hopes
c'ti th
Of
lt e prospects of the country improving :
tPora NIANUFACTURES and PRODUCE of the UNITED KING-
b". ftorn 1814 to 1828 inclusive, with Official and Declared or

Year,. (218 al Real 1
....,....... value.
Value. I Difference.
..—_____
1814 X.-3--"----- --------
.-
1
isits
~..092,167 £47,831,151 £11,759,;286,
1816 110,, 053,455 53,217,445 9,163,990 1 Excess of Peal
Official
jar- ..,7.,_14,555 42,942,951 9,228.398 1 over
181 g ' ''''.. w 3.610 42,955,256 6,257,G48 )" Value
1811 to
1819 4;,564 43,626,253 4ft 626 253 2,067,663
1820 -5511t51.0.14, 4-8,903,760 4,139,716 £41,521,79.1.
.1821 .1821 1-4%1,15 37 330,506 1,703,091
:1822 , .40,240.2(77 3419 ein 1,620,330 1
1823 114811.744 361659'63; 4,172,113
„ Excess of Orli-
-1,1124 '41,t°0533 .16.,' '96454 7.268,56'' cial over Real
'525 . --.`"" 072 35 438'048 8,346,32/ Value 1821 to
1146 2,48;735,5.51 38'396:3049 10,339,251 1828 inclusive,
1857 ..965.735 31:536,723 9.429,012 x80,53,%795.
+Bta 15219,29,0 37 182 857 15,036,423
)3 • "41797.455 5414176 , 15,983,219
'`64 tali.. _

v. ,
above Official, 1614 to 1320 In
£41,521,795
`stlicial, 1821 to 1828
83,213,769
el 2-1,698,076
fore
1827 with a,
36,462,019 in this manner, an
however, that from peculiar
very high, and that the average o.
reached only about 600,0001. Although,
fairly anticipated an increase, he had thought it ta..
take it, as the Hon. Baronet would find, at 500,0001.,
which was the sum set down in the present estimate. have e_
Mr. ALEXANDER BARING did not think, in con- accounts. It
sidering the Budget, that the House could fairly enter chequer. It would
into the discussion of that greater and still more important tions of the burden of taxa.—
question to which the document of the Worthy Alderman down all the estimates of the ptiaita
(Waithman) referred, namely, the cause of that distress vernment, however, had determined that the
and gloom which pervaded all branches of our trades and should no longer exist. The Government had der,_
manufactures. He would just say, with reference to that th it they would do what the Committee would otherwise -
part of the subject, that the alterations connected with have done. If they really did so, they would de- stack-,
the transition from a state of war to that of peace—the serve well of their country ; but he confessed enable them to
circumstances connected with the change in the currency that he was rather sceptical on that point. time the exports ban
—the difference in the value of the raw material of our He understood the Right Hon. the Chancellor of the Exche- been found ? 'Why, during ~
manufactures at the two different periods, cotton being in titter to state, that there was a surplus of above three mil- ported from England to France--
the time of war one-half dearer, and wool two-thirds; lions applicable as a Sinking Fund to the reduction of the siderable quantities were sent; and any
these things, when fairly considered, might go far to ac- debt. He (Mr. Maberly) had no objection to the opera- had examined the tables would have drawn the
count for much of the embarrassment which they now ex- tion of a Sinking Fund—except as it was abused—and as traordinary conclusion, that our agriculture never was
perieaced, although he did not think the question could be it semetimes induced Ministers to abstain from reducing more flourishing, nor our farmers more prosperous, There eve,.
ait ly mixed up with the Budjet. To the Chancellor of the Estimates, and to maintain them at what was properly for they were not only able to supply our own mar- the books of the
the Exchequer, who had laid before the House the finan- the War Establishment. If, in 1517, a searching inquiry ket, but to send corn to France. In the same way our at least, a tangible existe-
cial condition,:he was disposed to give every praise. His had been made into our financial condition and resources, ship-owners were driving the Russian and Prussian ships the Exchequer had at least as
statement had been clear and satisfactory, when coin- he had no doubt that we might have reduced our taxation :away from our ports, notwithstaneiing the greater prices debt inscribed in the books of the Ballh.
pared with some of those the House had frequently been three millions a year more than we had done. But we they paid, by their excessive poverty obliging them to con- Learned Member said Exchequer Bills might
compelled to Fasten to, and which resembled more the had not adhered even to the recommendation of the Fi- sent to lie emPloyed on any terms. I will refer back to but the Bank of England will at any time take charga
effusions of the Poet Laureate than the explanat'ons of a nance Committee of that period. By gross mismanage- still more painful realities, to be found in the state of Ire- the Exchequer Bills of individuals, and of course they will ta.
Financier. The Right Honourable Gentleman, in that went we had increased our debt, -and had imposed on the land. If there was one year in which Ireland was not in he more ready to do this for a public company. The early (it a
statement, seemed to wish it to be believed that the country a long-continued and unnecessary taxation. It a state of prosperity, it was in 1822. In that year not less Bank of England would take charge of Exchequer Bills for heard. He hat. ,
surplus of the year was upwards of three millions ; but was evident that we could not go on as we were now going a sum thee 600,000/. was collected from the charity of any'ntan. From the nature of the case, upon due eonsidera- upon Ministers the prep..
he apprehended that the 500,000/. for the Dead weight on; but that we must greatly eeduce • bath our taxation England—she herself being distressed—to relieve the still tion, any man acting as a guardian would vest his money in they were now porsoing.—e-t.--
must be deducted from that sum, and that the available and our establishments. He could 'Point out tWo or three greater distress of Ireland. But if we lock to the exports Exchequer Hills, in preference to vesting it in the Three per interruption is continued, I shall certa,-
surplus was, therefore, little better than two millions establishments, the consolidation •of which Would be at• of Ireland fur that year, we shall find a proof of ;ts being Cents. Let piddle. trustees not be placed under the necessity of motion for an adjournment of the debate.
and a half. 1.-le confessu d, when he heard the Right tended with great saving' lie allowed that there was inure prosperous than usual in the increased account of its vesting their money in the Three per Cents., or in Ex- Hon. Members below the Bar (as I see there are)
Hon. Gentleman express a disposition to remit taxes, be ;rent difficulty attendant on the task of rattanchment ; and exports It was a more extraordinary (rad a more brilliant chequer m
; but let there be some officer, who in each there without a wish to take a part in the business
;rent• • - _ - before
. . _ AIWA, M A tn A
- - . . _ _ _ _

36,442,019