The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-07-22

VIII ch would break out later they must enter
into the path Of reform. Let them do with reserve
let them not allow the last hope Of people
to be annihated by new delays. When the very con-
clave ancient senate Of cunning and WORKOUT
cardnalJ-has made move, will not the King of Pied
mont and the King of Naples perceive that the moment
has arrived for giving to their respective states the
demanded by the enlightened and at the
same time. the most faithful men
What is necessary in order to prccipitate this move
ment of Europe into wise md necessary course at the
when the liberal party is about to take posses
sion OF the government Of England for It must not be
sh rivalry Be swsy. ME
of Aberdeen-that the wing party is nevertheless by its
traditions favorable than the tories to the general
then, what is requiredf W. reply gesture sign on
the part Of France, which you'd 20 prove that is
fuenee the affairs Of the loorid We hope that the
electoral body will make it point Of honor to protest
policy has been allowed to anguish 1t may have been
mistaken in several who will now deceive il no
longer but whatever may be said by these latter, who
often reproach the electors for their basenss is
not true that the illegal" country has allowed itself
be almost wholly invaded by corruption it is true
that the majority of the colleges is divided between
trembers whose hearts half parayzed and beggars
OF places traickers in votes The generous effort
that electors have thrice made to restore purity to
the administration Of affairs efficacy to the constitutional
guarantees and dignity to external relations attest
that the majority Of them have preserved the sentiment
oil their duties and their respect for the rights Of the
country. They will, moreover, have acquired during
the four years that have Just elapsed experience
which, doubtless will not be lost.
The English Revenue.
The official statement of the revenue for the
quarter ending with the 9th OF July, appears in
our columns this day.
From the returns it would appear that there is
a balance of increase on the quarter of SIS $685.,
there has been decrease of oil ,773. The in
crease on the quarter is thus accounted for
INCREASE.
Gustoms 49,. .f23Sl3
Excise l39,O27
Iaxes. ..........a..... $3.50
property Tax. 99l7l
iose Uhice. IoVW
Over and above the ordinary sources of revenue
il is stated that an increase has occurred under
the head OF Imprest and other Moneys" of 44,677
Gross Increase. 1872 s27
From this must be deducted =
DECREASE.
stamps. :..'..".......... 5Sl
crown Lands. .."............... $4,000
Iso,ssl
And in addition to what Is called ordi-
nary revenue, on acc cunt of repay
ment oil advances. ............. TO,I4T-2U ,S2o
Net increase on the quarter. ..... s57,,5
On the whole, as far as figures are concerned,
and putting the circumstances and the morale OF
the income tax out of the question, it must be ad-
mitted the late ministry quits the fiscal department
ofts labors only with credit but with eclat Its
performances may be thus stated Previous the
and customs bills Just enacted II had RENTED than
five millions of taxes imposing instead an income
tax about the amount Had there been improve
ment in the national prosperity IL evident that these
that the would have remained the also
its relation to expenditure which has not undergone
any considerable change Happily, however there has
been great increase Of national prosperity An annu
al deficiency of about two millions has been changed
into surplus of about that amounts and if things go
have at least the choice of dispensing with
the income tar or retaining Il, in order to pro-
The comparison OF the years ending Jsly g. 1874, and
1886 will OF present different results from
parison of the quarters ending at those dates Both the
year ending July ls45, includes three quarters ante
cedent to the operation of that tariff. In the customs
accordingly the decrease on the year is e. while
there il increase the quarter amounting to f23
Without the items before it is vain to say with any
exactness why the increase the quarter should be
much, why it should not be more. The former year.
it should be remembered includes much larger payment
for corn than the latter while the latter quarter Of tho
two has been helped within these few days by than
100000 paid on the vast accumulation Of just let
out Of bond On the other hand the latter quarter has
paory Of the customs bill. The reductions under
that bill estimated at rather than million
The loss to the quarter therefore, would be f260000
but the of the quarter also been affected by
the uncertainty which still remained till the actual pass
ing o. ane Dill VI mere p ho,Ss
for possible repayment of duty were required
The increase in the excise comparison of the two
quarters is fI39027 As the excise is the sures gauge
OF consumption, this IL the most gratifying feature in the
statement The comparison, too, Is not much disturbed
by accidental circumstances Both quarters are under
the rate of duties. The present increase, there
fore, affords fair guarantee for an annual increase
amounting than $500, geo. The stamps wero last
year raj ed 10 an amount by the excessive spec
ulaton of that period This VIII account LOT the de-
The variations Of the income tax are stery which
we ~ in not pretend explore. II will be enough.
therefore TO the fact that this quarter has been
more productive than the corresponding quarter last
year, by E9o,I7l. We have then Deus machind in
the shape Of another unhsppy the last from
China the amount of f4443 49 This IL is which has
principally turned the tables, and given increase
when the usual revenue threatened decrease the
qusrter-Lond0n Times, July 8.
The CoRN TRADE UNDER THE New Law.-The opera
ton OF the new corn law has thus far not produced
material effect upon prices, although in anticipation nj
rise IN the duty, large quantity-indeed the bulkof
the stock Of foreign grain in bond has been released
during the past week. The mers generally have been
of demand and to sustain prices When this pressure is
over and the demand becomes less urgent. Is probable
that we shall further decline from present prices
unless should have weather unpropous TO the grow
ing Considerable difficulty has been created at
the Customhouses by difference amongst the authorities
as to the construction OF portion If the act The word
ing OF this portion is that rye peas and beans for
quarter duty equal in amount 10 the duty
BILE on quarter barley shall be charged 1t inter
preted at custom house amongst others that the
intent OF the Legislature that rye peas and beans
the scale OF duties applicable to barley should be used
but duty should be regulated by the average price Of each
article separately BY this Interpretation Of the meaning
Of the legislature the duty upon beans would have Deen
2 per quarter and that received at the Liver
pool Custom house, with security, however ior the
of any greater amount whch might DC charged
The duty barley is 3s. Cd and the dnerence mere
FORE was h 3d. The Customs authorities, contrary TO
the expectation Of the trade have interpreted the
wording Of the act literally and ordered the 3s Cd duty
to be enforced.-Livepooi Standard, Juiy7.