The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-08-10

The revenues Of Frauce have, it appears here in
creased in the proportion that the trade has progressed
Those Of the United States fallen OFT in tho aggregate
while like those Of England they have auctusted in
extraordinary degree obeying the alternate expansions of
paper currency In France the has been very
steady and gradually increased in small degree. The
duties are derivable from imports and when
our tables of yesterday the action of paper stimulates
excessive import the customs in proportion
In France the currency has been steady while the
large imports of Great Britain and the United States pro-
duce large exports from France they do not effect its
venue because the returns do not in goods
ly in the precious metals they usually under paper
expansion become the best remittance. This the ma.
tura operation by which countries become depleted of
their coin by the action of banks. The effect
Of this operation bhas been, in the United States and
Great Britain, to increase the customs revenue
on which those two powerslmostly depend In the Uni
ted States extngushed the public debt and created
large surplus. In England rendered the enormous
debt temporarily supportable The subsding of the
paper MANIA and the return of the currencies of Great
Britain and the United States to the level of that of
France is producing the contrary effects. The re-
venues from customs in the United States and
cannot be made sufficient for the public expenditure
The minister of England has declared that he can no
longer extract sufficient from the tariff to meet the govern
mcnt obligations, and has in consequence levied property
tax Precisely this state of things increase in
the French revenue and for the simple that the
fall Of prices in the United States and England only
imported goods to sell loss thereby checking
the business and diminishing the revenue causes
the low priced produce of those become sale
able in France, and the French manufacturers conse
quently complain of decay without knowing the cause
and the government, to quiet them duties
on English goods In this country the low priced pro-
duce finds its abroad but the cheap goods Of England
come here in return, in competition with manufac
turers, who being unwilling to submit to corresponding
fall in their goods that which oveTtaken agrcut
raj produce complain Of decay Of trade and camor
ing for higher duties in order to sustain prices at their
former level-hat is make the farmers pay much
now for what they buy, when they sell their produce
cheap as they did before when they oh aned high prices
for their produce That say the manufacturers seek
through the operation Of tariff el the farmers
sell at specie prices and pay at paper prices
srobert Peel has announced to the world that England
san bear no more burdens upon consumable goods fact
that she cannot bear those which already exist and has
therefore began to lean upon property with
three per cent tax upon incomes This is an in important
TACT, nasnuch as 1T rerograde movement from that
which has been going since the reign of Henry Third
in 1910. From William LIST down to Edward ist embra-
cling period Of one hundred and fifty years. all the ex
penses of the English government were borne by the
landed property In the reign of Ed ward 3D. the first
customs established to very small extent, but
caused great commotion--were rebeed against,
abolished and revived. Under Edward 81, poll tax
added causing increased discomfort These gether
bore one-ourth of the public burden. until Richard ID,
1877, in whose reign second poll tax levied VIII ich,
as historians tell occasioned Tyiers rebellion Under
Henry ath the tax upon pensions under Henry 6h
came the tonnage and poundagc grants for life. These
continued down to 1902 under Henry sh, when the
portion borne by landed property reduced from three
iourths to two-hirds of the whole amount. This was
uone IN some measure by vestng estates in trustees in
oroer 10 evade feuda burthens Coins were debased,
eascted' church lands confscated Sc In the next
ee, EDWARD 9th, l547 tax of Sd. was laid on each
eve "a on wether ID on other sheep Mary succeed
s restored the church lands. Elizabeth granted extern
sve monopoies; the monopoly of almost every article Of
was sold to Individuals and became great
| - IN" was the bo'a Jfds protective system
no attempts at deception as is now nrac,;.sa Th. mn
nopolc' were continued thr ough succeeding reigns
every sovereign particularly the stuarts continuing tc
c0nca'e the ar'tOcracy by drawing the revenue from