New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-12-28

migration 10 the West Indies Is Z. DC encourssoi
TO supply tie planters with a suiii, 'ent number
of cheap labor. The difierential dutie>' on sugar
shall not be abolished.
3. Nab Tar and Hop Dzfi<s The NIT tax
IS to be reduced by one-half which. according
10 Mr.. Disraehs Statement, would engender .
loss OF revenue amounting % E2,5s0,0oO. The
hop duties are likewise 10 be reduced to QUE
halt, which would create another loss OF sbN,t
E3O0,OO0. These reductions are to take placp
on and from the 10th of October, 1853 In
stead of the existing prohibition OF foreign malt
and the actual duty on foreign hop, foreign hop
and malt will be admitted az a duty correspond
ing to che excise-daty charged there.
a. Tea The present duty shall be reduced
from 2s2ad a Is. y Is. upon all qualities, but this
reduction shall be effected gradually within six
wears, SO That In 1888 there viii be reduction
OF a3d. ana every following year OF 2d. till the
expiration OF lcos. The reduction for the year
1853 would thereby amount to { 100000.
5. Property and Iaeome Tar Thistax, which
has only been voted until August s, Il So is to
be renewed for three years, the amount remain.
ing the same, but the distribution to be altered.
There shall be distinction between the charges
on realized property and those on industrial
income. Real properties and the funds con-
time to be charged at pence the pound;
while on industrial incomes Farmers, trades.
professions, and salaries) an abatement on the
charge from 3 u cent. upon2 y cent. is pro-
iected The latter are henceforth only to pay
SID in the pound On the other hand tho
ESQ TO fl00 p annum, and upon property
and funds 10 $50 year. Toprevent ali iosses
to farmers by this projected change, they are
~ h.. har fba vafa nf., h,rJ Of q kxs
rent, in place of one-halfat present, SD that the
alteration viii exempt all farmers renting less
than $500 a year. As boon TO the Church,
all parsons with an income OF f100a year shah
remain exempt from the tax. Finally, the in
come tax is for the FIRST time 20 be extended to
Ireland, not by any means to the landlords, but
only as far as regards funds and salaries
6. House Tar.-This is to be extended to all
Occupiers of houses rented at clio per annum.
instead, as formerly, only to those occupiers Of
houses valued at eco per annum Besides, tho
rate Of the house-tax shall be doubled, l. O.,
from sxpence in the pound on shops, and nine
pence on the pound on shops, and ninepence in
the pound on dwelling-houses, TO one shilling and
one shilling sixpence respectively.
The resume Of this budget would be-
On one side: Extension of the lncome-tax
in England to such classes of the town population
as have hitherto been exempted from it, and in
production OF the same into Ireland for fund
holders and public functionaries; extension OF
the house-tax TO such classes of the town popu-
lation as were hitherto exempted from it, and
doubling of the rate of the tax. On the other
side: Dmnution ofthe agricultural malt-tax and
bopduty by f2,S00,000; relief of the shipping
interest by fl00,000: reduction Of the tea-du-
ties by fi00,000.
The town population is to receive an increase
of taxation in the shape of q new Income-tax, an
extension of the hOuse-tax, and doable rate Of
the same, in order to relieve the rural population
of tax-amount of 90, 500, 900. The small shop
keeper. the better.paid mechanic and the com
mercial clerk would thus find themselves con-
TO the house-tax, and become for the
first time subject to the lncome-tax The land
accordingly would have to pay seyenpence In
the pound, while dwelbng-houses would pay two
shlllings one penny. The reduction In the tes-
duties does not affect this proportion, its amount
being comparatively very small with regard 70
the increased direct taxation. and its advantages
being alike accessible to the country and to the
towns.
The exemption of Irish landlords from all
Incometax, that Of English farmers and cler-
gymen from the extended Incomc-tax. IL
Inaniiestly favor bestowed on the coun-
try at the cost of the towns. But who is
the gamer by the reduction of the malt-tax---
the landlord, the farmer, or the consumer A
reduction of taxes is a reduction Of the risks of
production. According to the laws Of political
reduction in the costs Of produce
ton would involve reduction OF prices, and
benefit neither The landlord nor
the farmer, but emily the consumer
Tbora ara houavar f,rn IN Ia,
considered in this case In the first place, tho
soil on which irstrate barley can be grown Ii
land in England, and restricted to
Nottingbamshre, Norfolk, etc, while the for
eign supply OF malt is limited by the nature Of
the commodity itself neither barley nor malt
being able to support long sea-yoyages. Second
ly, the large English brewers virtually possess
a monopoly, chiefly supported by the present u
cense system, 80 that even the abolition Of tho
Corn Laws has effected no fall in the prices Of
porter and ale.
Thus, then, the gain on the reduction of tho
malt-tax would neither be In favor Of the farmer
nor the consumer, but only become divided be-
tween the landlords aud the great brewers
And as the 0diOus interference OF tho excise
with agriculture il to BIO maintained, the col
lecting Of half the sum of the former taxes
would continue 10 absorb the same amount Of
costs az that OF the whole did
before. At present, the costs OF collecting
J. IA 100000 OF excise duties amount To Is 81
per cent. After the reduction Of the tax by
three millions the rate would amount from CO
to &c A. Briefly, shere would be so much Iess
profit, and 40 much mischieyous expense mor,.
The budget Of Disraeli thus resumes itself In
10 u compensation TO Landlords; q compensa-
ton with revenge"
But this budget has yet another no less inter-
Ii you want 10 carry your commercial sys-
TEN of free trade, you have first OF all to change
your financial system. You haze to return
from Indirect taxation 20 direct taxation" says
Disraeli, ard Disraeli 10 right.
Direct taxation, as the most simple, Is also .
the most ancient and first node Of taxation,
cotemporansousl with state Of society based
on landed property. The towns afterward in
troduced the system Of indirect taxation, bat In
q -. -. l.. H.. e