Star.
London, England, 1830-12-25 00:00:00

chievous consequences of corruption and gross extravagance, '
which have resulted from that easy mode of profligate
governments, commanding a way to the pockets of the pub-
lic. He ably, but hastily sketches some of the extrava-
gances of the system during the wars, originating in the
French revolution ; and then, returning from this national
retrospect of the past, gives his reader, what we consider
the most important, novel, and striking statement in the
Tract, as to the bearing of taxation on labour.
With the return of peace, (says our author) delusions
were successively unmasked ; the unreal paper capital, was
in great part driven from the market ; the real capital of
gold and silver fled ; rents, profits, interest, wages, all sunk
towards an average ; but the vast accumulation of taxes has
remained to be borne at their full denomination, upon an an-
nual production, so reduced in value as to be absolutely
unable to sustain it.

Resuming, continues our author, the position, that the
aroma/ taxes of the country can only be drawn from the
annual earnings of the country; and that the annual earn-
ings of the country, are wholly derived from the labour of
those who work, aided by a skilful and fortunate
application of capital ; some insight may be gained of
the effect of this increased taxation upon the condition
of both rich and poor. Let us look at the number of those
who work productively, and the average value of their la-
bourers. Mr. BEAUMONT then statls, on data which he
gives, but which we are sorry we cannot extract, that the
annual earnings of the productive labourers, men and women
of the United Kingdom, taking 10d. a day, the
average price of labour on the Continent, as the
average here, to amount to 87,250,0001. sterling.
We have been desirous of giving our Readers a sketch
of this temperate and rational tract, because we con-
ceive it to be the moat argumentative, on the ef-
fect of taxation that we have yet perused. We like
it, because facts and reason are its characteristics, without
declamation ; and we recommend the perusal of the whole to
the public. We are anxious to place before our readers, at the
present crisis, all the varieties of opinion held on the exist-
ing distress ; for we think a journal should in some respects
be like a stage-coach—admit passengers of various characters.

To the author we are aware we have to apologize for the
imperfect manner in which we have executed our task.—
We have in general used his words ; but we have avoided
to use quotation marks, as we have not hesitated to cut,
carve, and interpolate with Piocrustian licence, his matter,
as we found necessary to its compression.
So that, according to this reasoning, those who live on the
taxes and tithes, absorb nearly the whole of the value of the
industry of those who work : and those who work, and ALL
THE REST OF TIIE PUBLIC, have little more to depend
upon, than the fluctuating profits arising from property em-
ployed in land, manufactures, and commerce, for subsist-
ence—and that such profits are lamentably reduced,
require no proof. We must add, however, to ren-
der a view of the argument complete, the following
important facts : that the present annual amount of govern-
ment taxes collected is about 51,000,0001 of poor-rates,
and other parochial taxes, 10,0001. of county-rates,
nearly 1,000,0001. of tithes, and other contributions
to the church, about 14,000,0001. together, 76,000,0001.
According to retusna in 1804, the whole rental
of real property in England and Wales amounted
to 38,000,0001. It can scarcely he more at this time.—
The author mentions a farther burthen on the labour and
capital of the people—the enormous expense of law; and, on
the whole, be considers that taxation has approached the
very last point to which it can be extended ; and that without
the remedy of retrenchment be adequately applied, exhaus-
tion and resistance among the people, and bankruptcy and
overthrow to the Government—must be the result.

We have advice, from Maracaybo to the 19th of October,
and from Bogota to the 17th of September. On the 4th of
the last m ontb,an arrangment was agreed on, between theel
Commissioners of President Morquera, and then of Col.',
Senius, Commander of the Callao batallion, repealing the
condition embraced in the articles of Capitulation, which
required certain individuals to depart for Carthegena, within
three days. The Government of Bogota was provisionally
in the hands of General Urdaneta. The communication
between Maracaybo and Bagota was again stopped :
a complete revolution had taken place in favor of BOLIVAR
at Mompax, which was besieged twenty days, and on taking
the bridge leading to the town, 300 men were killed. Ge-
neral BRIEN* was in possession of the Tallies of Cocuta.
All was qeiet at Maracaybo, and as this was important as a
key to New Grenada, PART has sent some of his most
faithful troops to garrison the place. Business was at a
complete stand, and the place somewhat sickly.
He conceives, however, that the case can be cured by a
bold spirit of retrenchment and reform, and proposes his
plans of both, which, on some future day, we shall probably
notice.

We have adviees from Mexico, which give the particu-
lars of the execution of General Victoria on the 11 th of
September.—He died with great firmness. He had been,
taken at Florin, and conducted to Puebla, where, as he had
been condemned to death by court martial, and was ordered
by a Commandant General, to prepare for death in 24
hours. He was brought to the place of execution, and the
troops were drawn out. A seat was brought out, on which
he placed himself, and asked permission to say two words
to the people. This being granted, he rose and said, with
a loud Voice, ." Countrymen and friends, I am to die ; but
there will be many to revenge my death, and that speedily."
He then sat down with cal.i.ness, placed his hands upon his
knees with a languid countenance, and without any other
movement, than merely turning his hands over on his knee.
The commerce of the capital was very much depressed, and
that of Vera Crux in a similar state.

Cr r, TWO O'CLOCK.
This being Christmas Day, it is a close holiday in the
City, and all public places are closed.
The Express from Paris, this morning, confirms that
which we gave yesterday, in our City article ;—that Paris
was tranquil, and that the National Guard had succeeded in
dispersing the mob.

PaarroN.--Tbe Honourable Mr. STAMLZ! has &a-
goes his scestiay ; and Mr. HENRY HUNT is returned
I npassesisihe tar this hoesegh.