The enquirer. [volume] (Richmond, Va.) 1804-1815, 1804-09-05
FROM cosnErr's REGISTER, OF JUNE so.
IRISH FINANCE.


From the official recently laid before Par
lament appears, that the whole annual revenue
OF Ireland amounts 4,0o3, 1901 and that its annu-
al expenditure ea its expenditure for the la year
amounted to 1888 554l leaving annual deficit of
3,795,2f32. And when coniider the anxiety that
mutt have prevailed 70 make good an appearance as
pohble il as being by no means uncandd to prefuine
that the amount of the annual expenditure is very lit
te if any at all, les than double the amount Of the
annual revenue. The chancellor of the Exche-
quer has inpoied new taxes which he has efimated at
l,0oo,OOol. annual produce. This is adding more
than fourth the total of the prelent revenue and
hfuch an addition is actually collected, Mr.. Fofter
will Certainly be regarded as conjuror. This gen.
.leman has been fuppoed underfand the principles
of taxation, and indeed the whole buGnes of fnan-
cer but iuch fuppoiition is very nrongy coro-
borated by the he has feeeed by the expeat
ons he has held FORTH and particularly by the oberva-
tons he made relative the effect OF his tax upon
bank notes, which he lad, the fame time that
II augmented the revenue, would tend to keep the
quantity of the bank paper within due bounds ! !
On occahons ike thsit is that is overpowered
with melancholy reflections What but the imme-
da;e interpolation of Providence bring fate out
OF iuch hands "Tend to keep the quantity Of paper
within due bounds" and that too at the very mo-
ment when he is augmenting the taxes one-fourth,
winch augmentation mgP produce great augmenta-
ton in the quantity of circulating medium mutt be
will caule increafe of their quantity and deprecia-
ton in their quality upon the fame principle that
brandy merchant would put in his cafs if you
were to inpoie upon his liquor without permit
ting him to raife its nominal price There wanted on
ly this obfervation from MIR. Foiter to convince
me that the rih Treafury had gained nothing by the
recent change--The new taxes may, perhaps, pro-
duce sOo,OoOl. iome perlons think they will produce
90O,OoOl but there is no one imagines that trey will
add more than 6oooool the revenue, becaufe they
will certainly location comfortable falling off in the
produce Of the old taxes. Money muft however be
had, and loans mutt be made under the guarantee of
Great Britain the debt will 90 on rapidly increang
on both ildes of the water, and the preent fyfem
continues for five years, iuppohng the war to CONT
nue. 10 long alto, the neref of the debt of Great-Br
tam will Nyaliow up nearly, If not quite the whole of
her revenue.---Tt is beginning to he .le fan.;on
anongit the Partzans of the miniRer to throw the
blame OF the financial dreffes Of Ireland upon the
ihouders OF Mr.. Addngton and his colleagues who
had no more TO do with the than the yeomen of
the guard had. There isno branch of revenue that
they have cut off. Whatever the peace did, Mr. Pitt
was the principal eaue of, and TO the debt and all
the charges upon the confoldated fund were they no.
created by Mr.. Pitt himlelfl The whole fyncm in
his ard IT. as to matters Of detail he had, during the
dit year or two, een any thing amils why did he not
come to Parliament and complain of it, The fad is,
hat, the fore Of finance, he is under infinite obi
cations TO his yelding iucceor who, in funding the
itock for which the income tax pledged, relieved
hun from burden which was daily and hourly linking
him TO the earth 1t has been thought by fome per-
fons, that, the moment that Object was effected, Mr.
Pitt whed and intended to return 20 power: at any
rate, it is well known that he Imported the mealure,
and is not cl, certain that it the only mealre in
which Mr.. Arlington deviated from the fyilem long
purified by Mr. Pitt. To repreent the peeuuiary
diitreis Of either Great Britain Ireland as arifng
from the fnealures of MIR. Arlington and his COL
leagues is, therefore, mol mean attempt to impofe
upon the public. No Mr.. Pitt has been abfolute
mater Of the reources ofthe country for the a TWEEN
ty years He has done juR what he has pieafed with
thom and the nation has full ard indubta-
bic right to demand lettement at his hands, and az
his hands alone. Il has right demand of him how
1t comes to PATS that its debt has been move than dou-
bled that It's bank paper has depreciated that dol
lar, which, when he ira became ninifler, paHed for
only Is. Cd is now worth five fhillings in Eugliih
bank paper, and five Glilines add Gxpence (Englifh
monsy) in Iriih bank paper and, above all, il has