The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-02-06
BYExrRESs ovERTHE ATLANTIC,
FIVE DAYS LATER
FRO M EUROPE.
ARRIVAL OF THE
SHIP M o N r E z u M A.
ADVANCE In THE GREAT STAPLE COTTON.
The Money Market highly Prosperous and
Great Increase in the Revenue. Arrival Of
the Great Overland Mail from India and
China -Great Excitement in Ireland, in
Preparation for the Trials, &c. &c.

to the 9th ut, being five days later than
our last accounts. The accounts of CONNER
cial affairs are highly prosperous. Cotton is
again on the advance, and from the move
mens Of the Bank Of England, it probable it will
yet increase. ALI the other markets also on
the advance. The Money Market is aourishing,
and the English revenue highly prosperous. On the
whole, this ,o,u probably add about 81 &c., GOO
to the valMe of american produce in market.
- Great excitement exists in Ireland and vast pre-
paratIons are making to convict O'Connel, and for
ever put down repeal lagitaton. The crisis of re-
voluton or repeal is rapidly approaching. O'Con-
nell is in high spirits and SO are his troops but he
seems to expect a conviction
The pretty little Queen has been in trouble, in
debt, in tears, thrown into hedge and in the way
that ladies are who love their lords.
Howqua the great Hong merchant is dead This
is serious loss to America.
The news from India is interesting.
The Hon. Mr.. Gushing had left Bombay for
Canton.
The revenue of the Kingdom of Great Britain
had increased E725, $40 in the quarter ending Jan.
9th, 1S44-E552, s79 of which was from Customs.
The total increase for the year ending January 9Th
1874, was E5,742,O7s.
The Samuel HICKS had arrived out.
The Marquis of Westminster has joined the Corn
Law League.
Charles Swaine, the calico engraving poet of
Manchester, hasbeen elected Fellow of the Royal
Society His chief work at PRESENTS ''The Mind"
which is very popular.
The Duke of Grafton has resigned the Lord
Lieutenancy of the County of Suffolk.
The rumor that Lord de Grey was about to be
recalled from the Lord Lieutenancy of Ireland is
contradcted on authority.
A" real live Chinese" mandarin is about to visit
the Court of st. James,
No reduction is contemplated by Government in
the duty tobacco, but it is said that some atera
ton in the excise law affecting it will be made
Several destructive fires have occurred in Lon
don.
The new Roman Catholic Cathedral at Lambeth
is the largest structure ever erected in Great Bri
tain by voluntary contributions. 1t is now COM
pleted. The total cost is &lOO,0OO.
A son of Mivart, the fashionable hotel keeper in
Brook street, has been remanded by the Insolvent
Debtors Court, to eight months Imprisonment for
contracting debts without any reasonable expecta-
ton Of paying them. His father allowed him EGO
per annum and the run of the hotel but this was
not sufficient and in two years he was G55O0 in
debt.
The father of Count D'Orsay died in France on
the 18th December.
FxAReus O'CoNNon-"Red Fergus has chal-
lenged Mr.. Golden to discussion on the Corn
Laws.
Mrs. Watson, mother Of the late celebrated Me-
thodst preacher, Richard Watson, expired at Not
tlngham on the 3lst December She was in her
9Oth year.
The Duke Of Bordeaux, after taking tour through
the principal manufacturing districts, and the prin
cipality of Wales, and the chief towns in the West,
has taken up his residence pro tem.rat Brighton,
which will be mere than usually gay this winter.
England.
The REvRNuE.-It has lately been our pleasing
duty to present to the public rich array OF proofs
Of the prosperous advance IN made by the empire
and patriotic administration Of the government.
Peace conquered and con6rmed-the British terri.
tories profitably augmented Observation-Disclosures and
their enterprise-and the value Of British public
obligations enhanced ten per cent To-day we
complete the gratifying work BY, announcing an
Improvement In the revenue wholly without ex-
ample, under any circumstances approaching to 81
milarity.
The readers of the Standard were prepared, by
our brief and general, but accurate, announcement
s ssend o spss
year in our present number we lay the figures In
detail before them. In the tables inserted in our
first page they will see an increase, large increase
III every branch OF revenue which can by any con-
structiOn be treated index to the state of the
mass Of the people, with reference to their enjoy
ments, or to their active industry.
The years increase on the excise amounts to no
less than E3S7 $685. and the total increase of all
sources of revenue, deducting decrease upon those
heads of taxation which proofs of distress not
of properity-such as the corn duties and the stamp
<.IvxorSr anft ,orfxf fov
81 .O63, 974-more than one million sterling In
Guiding the property tax, the increase would be
,O7S, and as respects the, resources OF the
Exchequer, its ability to meet the demands OF the
public service respects too, the general ability
of the nation, this increase OF nearly SIX millions
sterling is questionless, bona fde increase. But
this is not the light in which we wish to have the
tenton to them as evidence Of the national progress
not evidence Of the national strength, OF winch,
indeed, there never was any rational doubt. Let us
then take the property tax from both years, because
it was collected during part only OF lSi2, and we
shall have comparative view to which no excep-
ton can be taken, VIII
ls42-44. a29,e6SL minus 57l ,o56i.
lsss1Soo7iS4ai minus isaaaa6ci ..
property'tax. ............... 4''sa1'ooS
Increase on the year. exclusive of
Thus, exclusive OF the lproperty-tax, nay despite
OF its reflex operation which the opponents OF the
measure threatened to be SO injurious to other
sources OF revenue-exclusive OF the property-tax,
and, IN spite OF all the mischief it was to do-the
ordinary sources OF revenue more productive in
1913, than they were in 1912 by one million ster-
ling, and upwards
Even this, however, is an inadequate view Of the
national progress. On the face of the returns be-
fore us, there appears We must admit, decrease,
though trflng one, in the Customs of last year.
How this decrease has arisen will at once appear by
y comparison of the corresponding quarters of the
two years, compared as follows,--
April July. October. January
ls42 E4lo5,O53 4,422,l9i 5,943077 Aol4O8o
Is4s H4,2l9,637 4,557.206 5,529,b0s A76S96s
From this statement 1t Is seen that the great cx-
cess of revenue in 1912 arises upon the October
quarter Of that year--an excess altogether attri-
butabIe to the prodgious mas OF foreign corn i'm
ported or taken out Of bond at the IS. duty n the
mistake not, at three millions of quarters. Such re-
venue is index Of loss and not of gan as for ev