The Sun.
London, England, 1842-04-19 00:00:00

SPIRIT of the PUBLIC JOURNALS.

FROM THE EVENING PAPL:RS OF YESTERDAY.

GLOBE.—We have taken some pains elsewhere, and on
former occasions, to signalise the consistency cf Sir Robert
Poet's practice and principles. The illustration' of that dis-
tinguishing quality of the Prime iNlinister will be completed
this evening, when he brings in his Income Tax Bill, with its
appropriate and improved machinery. The Sir Hobert Peel
of 1833 spoke as follows on the impolicy of constructing any
such machinery for any such purpose :
" I think. likewise,' (Mirror if Parliament, p. 1,331),
"that thu Noble Lord has done well in not proposing an in-
coa.e or a properly tax. Nothing but a case of extreme neces-
sity
can justify Parliament in subjecting the people of this
country, in a time if peace, to the inquisitorial process which
must be resorted to in order to render the impost productive,
and to have recourse to such a machinery for the purpose of
raising 2or 3 per cent. would be roost unwise. Such atax is a
great resource in time of necessity, and therefore I am unwill-
ing, by establishing the disgusting inqviAition with which it
must be accompanied, to create such an odium against it, as
would render it impossible to resort to it in time of extreme
necessity."

1 We have it, then, on the most explicit authority of the Pre-
mier himself, who is as fond of quoting his own prece-
dents, that what he means to propose to-night, and what-
ever machinery he means to carry it into effect by—are
most nowise. It is most unwise to erect such in ehinery
to raise two or three per cent. ! What must it be to erect
such machinery to raise so little, fur so short a period
Well, then, we can only save the Premier's reputa-
tion for wisdom by supposing that his ostensible pur-
pose in ptaing this measure is nut his real one. That—with
the minute: ial AIL chiavelism ascribed to him as a merit by the
Times—he does not mean to be " hanged for half-a-crown"—
to levy an income tax for three per cent.—to call into life such
swarms of ratimalcules—such " spawn of tax-born riches"—for
so small a matter, and no short a span of vermin vitality—to
raise so vast a scaffolding for so puny an edifice. At present,
his projected machinery can only strike the mind's eye like the
" firm-compacted balks" which surmount the Nelson column in
Trafalgar-square. There is nothing at present but thin air
between them ; but we know there is to be. But Sir •Ro-
bert's scaffolding would seem at
.present to be about to be
erected for its own sake--or at least for the sake of such a
per-centage as Sir Robert has declared is not worth the cost.
Are there other and more permanent purposes kept in the lack
ground ? We do not believe it. We do not credit the Premier
with any large views in the matter. If he had large schemes
of finance, lie must have based them on just principles. Merely
to magnify the vermin he is now creating, will turn insects
' into monsters. Ihe country will tolerate no such mieroscopie
enlargements of deformity.
STANDARD.—The people will, however, gain something
in protection, if not in present abatement,
.by the removal of
prohibitions and prohibitory duties ; provisions cannot rise
much higher in price, and this is an important consideration
in an augmenting population, and, what we trust, to Conser-
vative Government, it will be a population advancing in prospe-
rity ; arid can the intelligent farmer doubt that he gains much
' in relief from obloquy—that it is of great value to hint to have
his position secured against a renewal of the attacks of which
for twenty years lie has been the object, by the surrender of a
merely Lominal protection ? And are rot all classes benefited
by a knowledge of the truth ? But this is a narrow view
of the subject. The tariff is a whole, and as a whole it is
confessedly. beneficial. But is any farmer weak enough to sup-
pose that such a measure could pass without including articles
or provision ? If the farmer would fairly estimate his gain by
the whole tariff, let him turn his eyes to the Continimt. As we
have before said, the articles of provision raised by European
agt iculture are pretty generally as dear upon the neighbour-
jug pat ts of the Continent as they are in England ;
but it is yet very certain that rimny prudent fami-
lies pass over to the Continent upon economical considerations,
and that they are not disappointed. But how is this? Be-
cause all, except the articles of provisions referred to, is so
much cheaper—because taxes are so much lower. Begin with
the single article of house rent. We have seen a calculation
satisfactorily demonstrating that the rent of a moderate house
at Dover or Brighton, capable of accommodating a
family of eight - persons in middle life, would pay all
the expenses of the same family in equal comfort at the ether
side of the Channel. But the house rent. is the heavirit ex-
pense, and the main element in this is timber next
comes the cost of furniture then coffee, &e. finally,
taxes. To be sure, there is this to be said, that
the animal food, from which the farmers dread com-
petition, is so bad, as well as dear, that there is a
motive to me little of it, which helps something in
saving. Lately, the lighter branches of education are
cheap, because a general condition approaching to_ poverty
makes intelligent human labour abundant and of low price.
Now, glance front the condition of middle life abroad to
the tariff, and it will be seen in how many articles the British
farmer, and ,very other British subject, will obtain relief; let
him then make his eleetion between the basely nominal compe-
tition of the Continent with the rest of the tariff on one side,
and double Assessed Taxes, all the indirect taxes unrepealed,
and the obloquy of prohibitory duties from which he derives no
advantage on the other.

NT
THE MARKETS-YES ERDAY.
CORN EXCHANGE.
The past week's arrivals of grain were rather small. The
fresh supplies were moderate. Superfine Wheat rathar ex-
ceeded last quotations, other quotations as last reported. Bar-
ley a trifle dearer. New Beans advanded Is. per quarter.
Pease as lastruported. Oats met a slow demand at last week's
rates. Flour upported late terms.
A I(RIVALS OF GRAIN IN LONDON DURING LAST WEEK
Wheat. Barley. Oats. . Flour
English
Irish — ;470 ---
rorelati - 4,531
PRICES Oli ISO.k RD OF Sk•IP
Wheat,Red (old) - s s. Beans, Small (new) ..... ... 37s I's.
White (old) —a. —a. —..------- (old) ........ .42 - 466.
.—.-- I(ed;ls-ii) Ws. .4s. Tick (new) 27 ;Id,.
Fine 53;. COL
Superfine tits. tide. -- Hamm (new) 31t.335.
White(lB-11)....50i. 5 is.
-- Fill, '8). 601 itrtnk
Superfine .6 is. 70s. Oats, Feed
---Foreigntree 501 745. -- Neu l4s.fis.
Ryt •18s. 40s. Poland —, a.
Ilarley • 26s. :a, New 1&.24..
Grinding •'ss 28s, Potatoe _F .—j,
•••••••••• Malting ' ''Oi 245. -----mew "3 . 2Gs.
Malt 561. 605.1 Scotch ,45 .275.

-',rla

New E4s. Irish 14s
Pease, Grey, New 30s. Flour Town (per sack).... 54, :Es.
- Maple New -)1.. 345. Seconds 50.. :4s.
-. White .345. 365. North Country.... 4 se,.
-Boller 36a . 36, Itran is bal.
SMITHFIELD MARKET.
The supply of Cattle, Sheep, Lambs, and Pigs was plenti-
ful, of Calves rather short. The trade was rather brisk, at
the preent quotations. Beasts 3,1 11, Sheep and Lambs 27,410,
Pigs 416, Calves 76. Beef, 3s. 4d. to 4s. 6d. ; Mutton, 39.
6d. to 4s. 4d. ; Veal, 4s. to bs. 4d. ; PJrk, 35. Bd. to ss. ;
Lamb, 3s. 10d. to 6s. 4d.
TEA MARKET.
There was little business transacted. Company's Congo
Is. 10d. per lb. cash.
TALLOW MARKET.
Prim steady, and a fair business done at 465. 3d. on the
spot, and 48s. fur delivery in the last three months of the year,
SEED MARKET.
Clover and Linseed in fair request, and prices firmer. Fast
India 475. to 50s. ; Baltic 445. to 495. per quarter.
HOP MARKET.

The supply small, the demand good, and prices firm. The
cacounts from the plantations are not favourable.
HEMP MARKET.
Jute in good request, and prices firm at 191. to 19/. 55. per
ton. Petersburgh dear. Hemp dull of sale at 341. per ton.
PROVISION MARKET.
Butter met with a good sale, fine Dutch at 104 s. to 1065.
per ewt. Bacon sold slowly at 465. to 495. Lard dull at 605.
to 625. per cwt.