Star.
London, England, 1829-07-17 00:00:00

re our el the people, and added to their misery. Those
0,000,000, therefore, do not represent the expenditure of the
army, the marine, foreign diplomacy, and the Court s turEepoorossed
exclusively upon the property of those who were not
that body of citizens which, independently of tithes, had also us
endure the exercise of feudal rights, subsidies, alienation fines, Ste.
" At mount every body pays, and it is the state alone that re-
ceives. 41,100,000,00 e, with the exception of some additional
expenses e( the communes, includes every thing—tbo clergy the
magistracy, the cost of collection, and public works.
" A ell* tax, if in other respects it were practicable, should
be paid by ell consumers; but powerful motives of convenience
must vary its nature and distribution. In applying it to several
classes instead of applying it only to one, we make the advance to
all without producing a collection of capital upon a dngie point.—
We permit it to circulate, the levy operates every where in suc-
cession, and no part is injured. This mode of collection, better
planned; less embarrassing, more eas* supportable, because lase
perceptible, should be preferred; but we must not forget that It
Increases the cost of collection, and consequently the general
amount of taxation.
" The state, by taxation, exercises an immense influence upon
price. and through prices upon production. Therefore, whim I
observe Government influencing the destinies of industry by mesas
of Tariffs—vsben I see it. under the pretence of necessity, cooed.
eating itself the regulator of every species of skill, enterprise, and
commerce, I tremble at the idea of the errors it may commit, the
disorders and irregularities which it may produce.
" There are two species of taxation—direct taxes, which tomb
property. individuals, and professions—lndirect taxes, which act
upon private dealings, commodities, and sales. The lottery, the
impesta upon wood, tobacco, salt, and liquors, belong to the latter
class.
" I have only touched briefly upon the important subjects in
Tuition. A great improvement has already taken place in our
system of taxation ; but there still remains a great step to be taken.
and it would not be a difficult co*. In this lovely but cahnonlated
land what ardour prevails for social improvement! The Adminis-
tration which shall court public investigation--which shall only
desire to be convinced by the force of facts—will succeed in re-
claiming public confidence, and calming all resentment; but the
Ministry that refuses to pursue this course, will excite nothing but
general defiance ; I am far from desiring to attack the Ministry
when I think of the good this Chamber is able to do, I feel re-
assured; but when I perceive all the good that it has not dose,
and which it should have done, for the last ten yoan.l am discou-
raged. and I exclaim, • The period of trial is not yet tossed l'"
The speaker concluded by calling upon the ministers to offer a
satisfactory explanation with respect to a sum of 1,000.000 accru-
ing from the Spanish debt, which they formerly stated to be deftni-
Seely arranged, but which they Since said was only rrraaged pro-
visionally.
Fauns Fvens.—Paars, JULY 14. —Five per Cents. 100 t SSe.
45e..—.Tbree per Cents. elf. 35c. 110 e. 40e.—.Bank Stock , I,SSOL
Napies Stock, Inif. 40c.—Royal Spanish Loan, 7Sf. —Spanish
Routes Perpetuities, 4711.—Exchange on Landon, one SIOStb, UL
dOe. three mouths, adf. 55c.--Ctowe