The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-05-12
Correspondence ofhe Journal Of Commerce

LONDON, April lSth lS42.
The Tory Administration is full of strength, and
proceeds EDWARDS, conquering and to conquer. The
Corn bill is now in the House Of Lords and to be
taken into consideration this evening few ultras
of the squirearchy have been demanding it, and
of the rabid old monopolizing mobiles have ntimated
determination to oppose the measure but their
efforts must necessarily be feeble and their labors
lost The bill will pass the Lords as it did the Com
mons, by considerable majority and that without
any material alterations. AS it now stands, it is de-
cidedly more advantageous to the United States than
the old law and may be looked upon considera-
BILE BOOM considering the source of its emanation. 1t
must be deemed however, not fixed law, but mere
ly the beginning of the end"
The income tax has been for some time fair
y before the country, and the latter having failed to
respond to the call of the Opposition, the Minister
has triumphed, and carried his proposition by ma
jorty of loo, that being the number by which Lord
John Russell's resolutions, moved an amendment,
and suggesting the late Government scheme for re-
pairing the revenue deficiency, were sgnally defeat
ed. In the House of Lords it will be to pass,
that this nquisitoral impost may be said to be the
law of the land. In almost a couple of years time
the people will begin to disown the nature of the
CALLING and oppressive machinery by which it will be
txacted and then will the re-acting commence
again t the present Ministry. Already Sir Robert
Peel announces that it will continue for five years
certain though he originally introduced it three
years tax
The amended new Tariff has been submitted to the
Commons, and it appears to have undergone conside-
rable alterations Various interests stated to have
been seriously affected, have been attended to, and
the proposed duties raised The alteration timber
is intended to take place the 10th of October next
The original plan for adjusting the timber duties has
been found clumsy and complicated, and now all the
imports of foreign timber that were reduced to one
head in the Tariff to be varied and certain du-
ties levied on dife rent kinds of hewn wood The
duties on lmseed have been further reduced, and a
vast number Of dferental duties have been removed
which were placed in the original schedule, because
they were then belle we'd calculated to favor the pro-
duce of the British colonies. The duties proy-
sions have not been changed from the first PROPOSE
tion but the admission Of foreign beef and pork will
not be allowed until the 10th of October next Cop
per ores, containing not more than Ia parts copper
will pay e2 10 per tl00 value of metal, and ores
containing more thar IA parts of copper will pay
f5, Tin ore, at fl per ton, regulus of tin at
TO, and tin blocks, ingots, Sc, &c per ton
The Colonial Customs Bill is one in which the
American merchant and corn grower is deeply inter-
ested On the 10th, the government proposed the
imposition of IS. a barrel upon wheat imported
into the British Colonies in North America. Mr..
Iabouchere the President for the Board of III AIDE in
the late Administration, objected to the provision
which altered the prevailing law admitting the free
importation from the United States into Canada of
variety of articles, and imposed upon of them
duty Since 1881, wheat flour had been permitted to
be exported across the frontier, at which time 1t
was at duty OF FIVE shillings. He also objected to
the proposed duties on sailed provisions and cured
meat
Mr. Gladstone, of the Board of Trade, replied,
and defended his duty of 2s on United states flour,
per barrel by saving it was absolutely requisite be-
cause the Canadians exported their own flour to
England and consumed that of their neighbors
Mr. Roebuck stgmased the proceeding as mere
pandering the British farmer, and smoothing down
of the difficulties Of the government because of their
Corn and Tariff bills. He bitterly reproached the
government for doing, and maintained that good
policy forbade an interference of the kind
Lord Stanley, the Secretary for the Colonies, in a
very ill-natured wind-up, declared that The matter
was of small Importance.
The motion Of getting the proposed duty wa, lost,
by GO to 54-merely giving the minister majority
of 3.
The resolution for the tax on the importation VI
sailed meat Sc was stoutly opposed by Lord John
Russell, who stated that in consequence OF the law
1t stood, there had been increasing trade between