The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1848-03-07 00:00:00

LONDON CORN•MAILKET

was but scantily supplied with Eng'ish
" t fully the currency of this day
- -.tarter was realised on prune

The market to-d _
Wheat, which met a bri
week, and an advance of I. per (

selected samples. We hail a good attendance of buyers from
the country, who purchased more freely of foreign, which was
generally the turn dearer.
Barrel Four remains as last noted.
Indian Corn on the spot is Is. per quarter more money, and
in good request, with increased inquiry for Boating cargoes of

secondary sorts ditlicull
In Malt, Beans, and I
The supply of Oats bt
per quarter was general
and cou:d not be estai

ityielcling in price

.1g more moderate, an advance of 6d.
demanded, but this checked business

business at form,r rates can be report&

MONEY MARKET—YEsTERnAy

The Consol market has fluctuated one-half per cent., the
ft-ittre.me nlricco heir, ee.l a. .re now intrers at 82A.
Considerable amuunts of money stock have been again put'-
• " - • .

he price

had the same extreme range, but it has been fully the turn of
the market higher on the average than for the account. It.is
clearly understood that the jobbers have had for several days
past to borrow stock for delivery from the bankers. The Three
wr Cents. Reduced have been done from 821 to /, the Three!
and a-Quarter per Cents.' 83i, Ihnk Stock 194. The advertised
Exchequer-bills have advanced to 25 30, the June bills 25 29,
and India Bonds to 5 pm.

A. REALLY r

JEW SCHEME OF TAXATION

It has been a tedious task, which we have had to en-
counter during the past few weeks, to read through the
host of pamphlets which have issued from the press, sug-
gesting every sort of remedy for the failing condition of
the revenue. We are rewarded, however, at length with
a new idea—a plan, in fact, which is to supersede customs,
excise, stamp, legacy, assessed, income, and every other

kind of taxation ; to save us the cost of a coast guard and
of revenue cruisers, and to reduce, by two millions and a
half, the cost of collecting the revenue. We don't know
whether, ultimately, it might not save us the expense of
keeping a Chancellor of the Exchequer.
The plan in question, which is proposed by Mr. John
Revans, who informs us that he served for some years as
secretary to the Irish Poor Law Commission, is simply
this :—Mr. Revans would sweep away at once our present
system ; leave us neither excise nor anything else, and
raise-the revenue of the country by a tax, not upon its
income, hut upon the domestic expenditure of each indi-
vidual or family. There would be no difficulty, as in the
case of the income tax, on the score of unpleasant disclo-
sures of private matters. Every man could declare his
expenditure without difficulty, as, if it were small, he
would get the credit of being either a clever manager or
a frugal person ; and if it were large, the world would
take for granted that he was better off than had been
supposed ! We acre not informed, however, how the plan
would affect that class of persons who contrive to main•
tain a large expenditure upon no ostensible means at all,
or the very numerous class who have to tell little white
lies upon the subject of the cost of their living to penu-
rious old uncles and aunts, from whom they have expec-
tancies.

Of course, at the end of every year the officers appointed
to carry out the system will have to make returns to
government of the expenditure of their districts ; and from
the gross amount, which will vary very much, the Chan-
cellor of the Exchequer will make his calculation as to
how much per cent. he can do with. Thus, suppose the
expenditure of the kingdom is returned to him at
£500,000,03 for the year. and he wants £52,000,000, he
will probably say, " 1 may as well have 101 per cent., to
be on the safe side;" and we shall all immediately have

orders to prepare that amount, which, by the way, we are
very considerately allowed to pay by monthly instalments!
Aire may add that, to save unnecessary exposure of details,
for example, tne disclosing of such items as " new hori-
zontal grand for Caroline," or " paid Master John's losses

on the Derby,"—it is only expected that each party
should return himself as having expended " not exceeding
£100," and so on. Of course strict honesty may be de-
pended upon!
Our readers, we fear, will suspect we are hoaxing them.
We are not doing anything of the kind. The sage pro-
positions noticed are contained in a pamphlet just now
' • " London : J Tate. 4

_fore us, bearing the imprint. J ohn t._ Sara
and Son, 187, Piccadilly." Its price is a shilling, and it
is cheap at the money as a curiosity.

nnoARD.—On Saturd