Star.
London, England, 1816-02-19 00:00:00

I~
k

4 k. *ilea tne
eieg that debt, and sustaining the public era
el fotbout the pressures of such a war against
'•
'Wth ien, and its commerce, there remained, on the
• or yebroary 1315, a sinking fund of £11,324476),
steet.anchor of the State.
jos the war of 1793, as it was the longest, and ,
ted.to the largest scale• having other nations
Sin, has involved the State io larger debts,
so oar former wars had created. The public,
rhe le of February 1815, awed a funded debt of
~076,905,and an unfunded debt of :1168,580,524.
to these must be added the debts contracted for
'various expenses of the year 1815. And then
redeemed debt for Great Britain, for Ireland:
ot en
y, for Portugal, and for East-India. will
Illount •to 1819,145,885, for interest thereon
631,664, for management thereof £294,946. for
sinking fund £14,131,548; the total annual
((urge thereon 144,294,037.
Mother resource of the State is the clearness,
etid: the public accounts are stated, and the
Libya'', which is given to the incumbrances, and
Lees of the community.
Ile people of the United Kingdom. during the
An of King William, could not have moved un-
zihe weight of such incumbrances. But, the
;oh more numerous. people of the present times,
ese are better instructed and usefully employed,
an agriculture infinitely superior, with menu.
owes vastly VON extensive and profitable, with a
'grip trade, and shipping, beyond all comparison
mem move with ease under such incumbrances.
ks hoe seen with what facility, notwithstanding the
doll of war, the people executed such nume-
sod various works, for the local improvements
emir country, which, considering their vastness
agetility, emulate the Roman labours: hence we
I/gilder, that time is one of the resources of the
If we inquire from what source the people of the
wad Kingdom have derived such vast, and in-
cite:jog wealth, we shall find that it was not owing I
etaquests or mines ; but to the perfect safety
"filch they derive from their salutary laws; to the
elagetic industry, which is urged and rewarded by
it sense of safety; to the immense commercc,
do-
seek and foreign. of inspirited people : so that
fum those causes originate those prodigious retina.
diction! of opulence, which appear, at successive
riods, to, the astonishment of the world ; and
which have induced commercial writers to maintain,
the the risources of such a people are ixexhatutille,
vhik fostered by ciecumtpertioti.

THE EVENING STAR.

LONDON.

MONDAY, FEBRUARY 19, 1816.
PkICE OF STOCKS THIS DAY AT TWELVE O'CLOCK
Est OF-Coos. :no. 62f—Fer ace. 624
4 pee Cest.77H—S per Cm. 901 91—Bonds Si. Ss. pr.
Om.** pr.—Do 1111f—Esch. Bills le. du.

We have no news from the Continent this day, but
ter home.aceounts are distressing, and shew but too
plainly do this is not the period (if such a measure
could be justified at any time) in which a direct Tax
epos Income should be resorted to for the purpose of
supply* the exigencies of the State. It is not at
Liverpool onlythatfaitures have taken place to a great
vemet: by oar letters from Glasgow, received this
esasieg, we have received a list of Failure: to the ex-
ist *word: of a Million sterling I
This is not the moment for new experiments
.on
Tama. The extension of the Income Tax to a
lad Peace, can be viewed in no other light, and
we entreat those who have the management of public
kin to pause before they venture on a measure
elkh they may regret when they cannot remedy it.
A Tax on Income I at a moment• when, by the great
angt that has taken place by passing from a State
which has existed for a quarter of a century, •fiery
iris property is deranged, whether Landholder,
hoer, Merchant, or Manufacturer, is neither more
aer,less than a TAI on Distress. and public confu-
iin.—But the-property though in confusion remains
ad will soon be able to afford the supplies wanted
the State, if the Minister does not remove the time
b a more remote period by such an
impolitic
As the property is not annihilated, let the State
ask for it where it may be found.—Let it be
pied by a Loan, and the money will soon be
forthcoming ; and as we have often proposed, let
the 'safest be paid out of the Sinking Fund. This,
mtead of diminishing, will really increase the secu-
ortyol the Public Creditor, whose security will ever
k proportioned to the easy circumstances of the
Peal community.—The Minister has calculated,
m three years the present embarrassments may
he entirely removed; but why should he aggra.
!de them, so far as concerns the contributurs

1 persisting in a measure calculated to increase the
pant difficulties. The only philosophical principle
Ni which the funding systein can be justified is the
healty it is supposed to possess of deriving from in-
Wry a larger portion of the surplus of its gains than
meld otherwise be obtained ; but where there is no
IRAN, but a deakation, to press its operation unne-
*verily savours wore of insanity than of sound po-
i ritical wisdom.

Yesterday the Duke and Duchess of CUMBERLAND
*ended Divine Service at the Chapel Royal.
Yesterday the Earl of Livearoor. gave a grand
Ministerial dinner at Fife House.
The Earl of LIVERPOOL commences his Parlia•
*nutty dinners next Saturday.
Yesterday the Earl and Countess of VT- -ARROWBY
Pve a grand dinner to the Bishop of GLoucagraa,
HARRIET GRANI'ILLE. the Hon. Mr. and Mrs.
"Dan. and a select party, at their house in' Gros-
renor•square.
On Saturday, the HigNand Society held their first
tit mini this season, at the Freemason's Tavern.