New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-01-07

MT. De1tffOfu w Csl0IEt VI dSStsitp - '-.'. -
they contented themselves with severe strict,
ure On lis "wreckless indifference and di.re5ara
Of consequences. IL remains 70 ne seenli Tar
lament viii aecede 10 the views ct tbs honest
Committee and allow Mr.. BeresfoId 70 recai1
his seat. Should that be the case, II Hon,d
itself grant its ratification 20 the mein'raoie
words of Mr.. Secretary Ber-sieri, that the
people Of England are the West ra5oie ne ever
saw in the world" BE this "a Il may be- MS
seat as a Minister Ar Beres.ord cannot re-
tain.
After this short DEPRESSION return 70 m
original subject.
The members OF the House of Commons hav-
ing debated during four consecutive nights and
the greater part OF the fifth, the question
xbetber the question should be taken upon the
whole BUDGET. or on the whole resolution, on
PRINCIPLES or on facts, upon this or that point
The conclusion at which they arrived at last,
was that the House had, at present. only TO
NEEDLE With the increase of the house tax, the
extension of the area of direct TAXATION.
The House rejected this first proposition Of
Mr. Disraeli's budget, as follows:
Ayes................2s6l Noes...--.----....-..-31
Majority against Ministers. 10. The House
then adjourned till Monday next The pressure
Of time forbids me TO speak on the debate as
extensively as could wish i shall, therefore,
confne myself to discussing merely the most
memorable passages OF Mr. DisraeTs last
speech, BY far the most important OF all.
Sir Charles Wood, the late Chancellor OF the
Exchequer and Sir James Graham, had directed
their chief attacks against his proposed appro-
priation of the Public Works Loan Fund,
1f4OOO00 per annum) to balance the effects
OF the reduction in the shipping dues. Sir
James Graham, especially, had contended most
strenuously for the beneficial working OF that
Fund. What does Mr.. DIsraei answer
81 VIII show the Committee Whist fragrant appro-
prhtion there has been Of the funds Of TINS country,
and how immense en- amount OF money has been siaAi
derod away virtually without the cognizsnce AMI con
o OF Parliament and entirely by the machinery OF this
Public Works Loan Fund.'
And then follows detailed description OF the
scapdalous financial management of the Wing
administration with regard To these funds. DIS
raeli then proceeds to explain the principles OF
his budget:
.Tbere was very important quesfion 10 settle, be
fore we could decide 90 the hrt step wc should
take and that the quesuon how far we should pre-
vail upon the country 10 TX upon that sun OF direct tax
alton " hch necessary, for ony Ministry that NJ
TEMPTED 20 enter into n career Of financial Reform
fHesTu have been accused ~ tAe member Tor Hal
fax tSr Charles WOOD Of making proposition which
Teckeffy increases the direct nNaflon Of the coun-
memter Tor Carlisle C5r Graham Of pushing
direct taxation 10 rash extremes. In the first
place tie proposition ! inside on the part Of the Gov
crpment instead of rcckessy increasing the amount
OF direct tsxsion would not il paced, occasion 20
greet an tmOuni Of direct taxation pfegaied uuicr
the sUpeIniendonce OF the finances by the night honor
able eCn'ltmnn, the member Cor Halifax. when he en-
loved not only the Income and Property tax but the
Window taY which In the last year OF be- existence,
brought him nearly two millions 81 pJunds sterling.
lCheers.l The night honorable gentleman who says,
YOU NUT reckessly increase the amount OF direct
tsNsiicr reduced the amount wch he resolved IA his
last year from The Window tax, aud was content VITA
the mOdeft tum OF seven hundred thousand pounds
.,erlipg y, WY Of communication for the Window tax.
| oannct forget that the ri-ht honorable gentleman
who reCklossy charges me with increasing the amount
OF direct taxation proposed hfst complete commits
ton which would have made tls House tax larger than
the ole had proposed Loud cheers But i this ell
L. this all that bss been done by the right honorable gen
teuan Who charges with increasing Teckle-siy the
direct taxation OF the country Why there . the Mn
lister bo with properly tsX You have now producing
if full amount with the window tx that brought nearly
two millions, crme down 10 the House OF Commons one
dsy ard proposed 20 startled assembly 70 double mar
ly the property and income tax. lGreat cheerinyl
loCk ths conduct indicating Tcckossncss Of con
seouencfs. t's We hear OF the duplication OF
the house iax-sn innocent amount but II the rsat
honorable gentleman had carried the duplication Of the
property and income tax, think he might fairly have
been charged with recklesy Increasing the direct taxa
ton OF the country. Loud cheers Talk OF reckless
pefs Why what in the history OF j. equal the
recklessness with which the right honorable gentleman
acted Loud cheers And what was the ground on
which he made this monstrous aud enc rmou. prOpo.
ten proposition which only the safety OF the Safe
would have justified him IN making When he was
beaten, baicd Inundated he came forward 20 say that
he had sufficient revenue without resoting to that prop
oeiiion. Great and continued cheering The future
historian will not be believed to be telling the truth
when he that the Minister down TO nearly
double the income tax and the next day came down 10
say that the wsys and means were ample" Renewed
cheering.
Having thus retaliated upon Sir Charles Wood
he continues:
awe he'd 10 assert that there is difference between
property income, difference between prccarious
and certain income. We hid next 20 NindicGte prin
cipe which We believed and do bclieyeis just one
and which II not now, must ultimately be recognized
and acopted-namely that the base Of drocf tardioa
shosld be eRlaygoi Ministerial cheers
II be sought TO establish permanent feature OF our
foci stem that there shall be created classes who
20 exereie political power by means OF throwing
undue weight OF direct taxation upon the weather.
portion Of the community, and an undue weight OF in
direct taxation the working classes. cannot imagine
Goircumsihncc more fatal this country or one more
pregnant uls disastrous consequences. lCheers But
OF this feel convinced, that those who viii first
rerienee the disastrous consequence will ethe prvi
eyed class'
Turning round upon the free traders Disraeli
says;
"Ihe srea, opponents Of Colonial imports here We
ind all Srrsyed Ia favor OF high taxation for the
producer and here we ind them with taunis 70 u using
honorGhly 10 give up. Tremendous cheering Tel
protection Is dead, tell there Is Protectioni
party Why ii rampant snd tis there Pointing 20 the
Opposition benches They have taktn up principles
With cur benches. aud believe they vii b. quite
succes.iul' Cheer
In conclusion, Disraeli replies 10 the b'ne-
VIOLENT suggestion Of Sir Charles Wood 10 With
draw his budget, in the following words:
Il have been told to wiihdrss my bliges. was told
thai M Iiit withdrew his budget and that more
Gently ether persons (the Wings and especially S Ca
W0od) lad done - too Q.aughter) Nov do MT
piTe 10 the fame Of Mr. Pitt bat viii submit . the
degradation Of others. loud checrs) No SIR. have
seen TIE consequence OF goveruIent being able
20 pSss their mtasgfesconseuRnccs MT honorable
the i,cnf nos iVsniAgeOas O. the country and
no', IN my opinion, conducive - the rcputson Of s
house. which l. mot dear 10 me- loud cheer /
remember budget wAch withdrawn aud re-wih-
drawn and whhdrswn again, l-aRghte-D IN ISIS.
Whit was the consequence OF tie s0yeEnnacn; exiting
upon sufer1noe Wasi wss tie Consequence - the D.
nknoes q this eOaUty Why, that ignobe irfnsacdon
respecting the coninlg'aion oi the w.ado aud hJase
duty, whsoh rev an obliged 70 arcup; . resdiast
Cheers) Tie sIicssneci derPcr then mere qu.sous
a. .aVfN. af.fn.a : . a