New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-05-06

for seven wears He extends II 10 a whole people, 70
the Irish He extends il by copying Mr. Disrael 90 d
whole class 10 the holders of incomes from / iVo 20
ESQ He accepts, partially, the extension oi the mousse
tax proposed by Mr. Dsrae giving il the name OF "a
altered cense-aX and raising the charge for licenses IN
proportion to the size of the premises. Lastly, be
augments direct taxation by E2000O00 by subjecting
real property 10 the legacy duty, which also prom
ised by Mr. Disraeli
On the other side he attacks indirect taxation under
the two forms of Customs snd Of Excise in the former
by adopting Dsraes reduction of the tea duties, by
aboishing reducing simplifying the customs duties on
2S6 articles in the latter by entirely abolshng the soap
tax
The only difference between his budget AMI that Of
lis predecessor is this that the one the author ami
that the other the plagary; that Disrsei removed
the exciseduties in favor OF the andnterest and that
Gladstone removes them in favor of the town interest,"
that Dsraei proclaimed the principle, but was forced
BY his exceptional position 70 alsy the praeace while
Gladstone, opposed 70 the principle enabled oy MS CO
aon character carry details through series Of COM
promises.
What will be the probable fate Ofthe Coalition budget
and what viii be the probable attitude assumed by iae
respective parties
There are. in general but three points on which the
battle can be fought-the IncOmeTax the LegacyDuy,
and Ireland.
The Manchester school has pledged itself TO oppose
any proongaon of that hOrrd inequality, the pre-
sent lncome-Tax The oracle of Prnunghouse.s
The Tunes has Numbered for ten years against that
sane monsrosity and the public prejudice OF Great
Britain in general has doomed the present system Of
charging equally all descriptions OF income But on tins
one point Mr. Gladstone repudates compromise. As
Mr. Disrae. when Chancellor of the EXchequer pro
posed 10 modify the Income-TaX by establishing dis
tucOn between precarOus revenues and realized pro
perty charging the former with sd and the latter with
ID in the pound the Income would seem to become
the yng point for the common opposition OF the Con-
scryatiyes the Manchester school and the general
opinion represented by The Times
But will tie Manchester men redeem their pledge
This is very doubtful They are in the commercial habit
Of pocketDgthe present profits and OF letting principles
shit for themselves And the present profits offered by
Mr. Gadstone's budget are by no means contemplate.
Already the tone of the Manchester organs has become
very moderate and very cOncatory with regard to the
Income Tax. They begin to comfort themselves with
the prospect held out by Mr. Gladstone that the whole
Income Tax shall expire in years forgetting at
the oppOrtune moment that when the late Sir Robert
Peel introduced it in 1912 he promised its expiration by
the year 1S5 and that the extension of tax Is very
awkward way toward its Interior extinction
As 10 The Times that is the only journal which Will
profit by Mr. Gladstone proposal of aboshng the stamp
IN newspaper supplements. 1t has to pay Tor double
supplements every day that It publishes them during tne
week 10000 pence or ( 1865 81. The whole OF the
4GOCCd RENTED by Mr. Gladstone will 90 into It's cot
fers We can then conceive that the Cerberus will be
soothed down into lamb without Mr. Gladstone being
metamorpbOsed into a Hercules. Ii would be difficult
10 find in all the Parliamentary history OF Great Britain
more unidentified act than this OF Mr. Gladstone, buy
ing up the support of journal by inserting special
provision for il in the budget The abolition Of the
Taxes on knowledge was chiefly asked for with
view to break down the monopoly OF the newspaper
eyatbans The "OnctuOus' Mr.. Gladstone adopts only
20 much o that as tends exactly 10 double the
monopoly of The Times.
In principle we contend that Mr. Gladstone right in
rejecting all distinctions between the sources from which
income is derived If you distinguish between the
quality Of incomes you must also distinguish between
quantity as in 80 cases out of lOO the quantity OF an
income constitutes its quality II You distinguish be-
their quantities you arrive unaYOldaDy az pro-
gressve taxation and from progressive taxation you
tumble directly into very trenchant sort OF Socialism,
thing certainly abhorred by the opponents OF Mr. Glad
stone With the narrow and interested Interpretation
of the difference between fixed and precarOus incomes,
a. made by the Manchester School, we arrive at the
ridiculous conclusion that the income of the richest class
of England, the trading class, Is only precarOus
Under the pretence Of philanthropy they aim at
changing portion of the public burdens from their
own shoulders TO the backs of the landowners and fund
holders.
to the extension of the legacy duty to real property
the country party as cannot be doubted will yehemeny
resist it. They naturally desire to receive their success
sons heretofore, untaxed but Mr. Disrae as Chan
ceOr of the Exchequer has acknowledged the injustice
of that exception and the Manchester men will vote as
ore man with the Ministers. The Morning Adren'ser IN
its number of yesterday informs the country party that
should they be mprudent enough 20 take their stand Oh
the legacy duty they must abandon all idea OF being
supported by the Liberals There exists hardly any
nreoe To which the British middle class are more Bit
tery opposed and there exists also more striking
instance of ogarchic legislation Pitt introduced Ia
1886 two bills the subecng personal property to
the probate and legacy duty and the other imposing the
same duties real property. The two measures were
separated because Pitt apprehended successful oppO
son from members of both houses to subecting their
estates to those taxes The first bill passed the House
with little or no opposition. Only one division took
place and only IS members voted against IT, The sec
ond bill was proceeded with through all its stages until
II came 70 the third reading when il lost by dvi
sion of 80 against 80 Pitt seeing chance OF passing
the bill through either house, forced Co Withdraw t.
If the probate and legacy duties had been paid on real
property since 1896, by far the greater portion OF the
public debt might have been paid of. The only real
objection the country party could now make is the plea
that the nndhOders enjoy similar exemption, but they
would of course not strengthen their position BY
ing against them the fundhOders, who are gifted with
particular taste for fiscal lmmuntes
There remains then but probable chance OF sue
cessfillv opposing the Coalition budget and this IS
coalition Of the country party with the IRISH Brigade
IL is true Mr. Gladstone has endeay0red TO induce the
Irish 10 submit TO the extension Of the Income Tax 70
Ireland BY making them the gift Of four millions and
half Annutes But the Irish contend that
three out of these four and half millions, connected
With the famine of lS464, never intended TO con
sttute national debt and have been acknowledged
as such by the Irish people
The ministry itself not to be quite sure of sue
cess since it menaces early dissolution Ofthe House
unless the budget be accepted whole. formidable
suggestion this for the great majority Of members whose
rockets have been materially affected by the legitimate
of the last contest and for those Radicals who
have cung as closely possible to the old definition OF
am Opposition; namely that it does, in the machine of
Government, the duty of the saetyvaye in steamer
CINE The safeyvalve does not stop the motion OF the
u hi off he over