The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-03-30
y-IrcoMr, EXPENDITURES
785.ll5,ooo

Tho debt does vary much from what It was eleven
years ago. The rapid increase in the public indebted
ness of Great Britain shows how the burdens OF the peo
pie are increasing md points out pretty plainly the pro-
bable of the financial structure upon which 1t is
based. In 1889, the public debt amounted to f6s4 a63
In l702 to El6 1914 700 l714, f54l45373 1885, flss,
1885, 4so; 1854 f249 s5l s2s 1871 $40 4sl Since
1877 the debt has been largely reduced, and less
than eight hundred millions Of pounds sterling. Snos
1875 Great Britain has bssn ct peace With the world
and the debt has been reduced about forty million
pounds stsng at this rate Of reduction It will take
vsra centuries to wipe out the debt and do that
the present rate Of taxation must be sustained This
out Of the question. When Great Britain commanded the
trade Of her manufacturers monopozed
all the markets Of in other words when
Great Britain annually increasing In wealth, and
was daily growing great there was little difficulty expe
rienosd Ia enforcing any system Of taxation As the
ofother and free trade
principles extended became necessary to relieve Bril-
tsh Of the many restrictions bearing upon it,
and other Of opened to fill the va
cuum Free trade was, in msasure, forced upon toe
Of Great Britain In consequences Of the re-
duced PROFITS resulting from its commercial operations
audit Is yet question whether larger revenue should
net be raised that source than tho system of
taxation produces particularly where the aggregate
revenue required Is eueh immense amount. II the
tariff imports could bs largely reduced without In
creasing the upon other things such
per cent it would not DO Objectionable but where
Is relieved Of any part Of its burden Of taxa
ton other Of must bear the weight to
such extent to weigh heavily upon other classes
that must follow; and II the evil becomes
nxsd aud reliefis out Of the question in the ordinary
course legislation other will be resorted to for
the purpose Of enforcing that change which crcum-
stances may require The Of treat Britain
knows very we'll that when the people demand reform
they must be gratHed They may pat or from time to
tine the concession rsqured but that will be insisted
upon until is granted, one acquainted with the cha
racter Of the people of England for moment doubt
The history of the reform bill is illustration Of that,
and it would be we'll for the to commence in
season.
The feeling created by tho announcement made by
Lord john RUSSELL that increase In the income tax
was contemplated, compelled the ministry to abandon
that movement the manufacturing and other large
interests Of Great Britain become reduced by the pro-
gress ohsr nations are making in similar branches
of industry tbs present rate and system of taxation
will become more and more orsrous, until an explosion
revolution takes place that will change the form Of
government aud sweep tho immense and crushing debt
entirely out Of existence Unjust come to that taxation
in every part of Europe becoming more and more op-
prssve every year. and the people cannot stand such
drafts upon their scanty earnings In Europe
the system of taxation is constituted that it princ
pally drawn from the middling and poorer classes and
the drain cannot be continued much longer. The peo
pie demand representation in the councils of the nation
and On increased representation sure to lead such
changes in the government will reduce taxes If the
people are properly Represented evil long exist
and we leave it for those acquainted with such things
to Judge how long, under suoh circumstances, such
debt as Great Britain now has would exist
The canal committees OF both branches Of the Leas-
ature have reported the result Of their deliberations
The appropriations larger than anticipated 1t ap-
pears by the report that amounting to nearly i've
hundred thousand dollars diverted from the canal
fund this has been appropriated a. originally IN
tended and has swesd the amount more this year than
totherwise would have been By the new constitution,
the surplus Of the canal to be applied each
year. a. the Lsgsturs shall direct to the completion Of
the Erie Canal enlargement and Of the Genssss Valley
and Black River canals until they shall have been COM
p.tsd It appears by ths legislative reports, that the
''''''' $s07 ,oOs 90
Deduct over appropriations Of last ysar... ss,65 40
And It leaves to be appropriated this year. $76s s34 81
To this sum may be added the surplus GO:
cruirg from Juno /, ls4s, to the SON OF
September Of that year, which has not
been appropriated to the enlargement OF
the canals, as required by the eonstitu. =.
ZION, amounting TO. .......'.'' ssseS %
Aggregate amount TO be appropriated this
reason, for the current year. ass 653 SO
The committee have concluded to recommend that
this amount be divided with view to relieve the most
crowded points upon the Eric canal and to bring into
use early practicable such portions Of the Gsneses
Valley and Black River canals as have been com
mepced and which have not yet been completed.
Tho amount which they recommend to be sppropris
ted to division No Of the Erie canal extending from
Albany to the west side Of the Oneida creek feeder,
distance ofl4i miles, 10 100000. to be expended .
such points alOrg this division Is the canal board shal
| direct.
From tho Oeeida Creek feeder to the east line o