Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1854-07-24
THE ENGLISH REVENUE.

TIE ENGLISH REVENUE.
(from the London Tines. July o.
The revenue Il much an affair Of war. that for on
penny We spend upon internal we'll beng and In
provement eleven 60 to the maintenance OF our arm
aud navy, aud to tho OF old wars. Though weah
oss s ess-ior abundance Of money enhances the COS
OF nothipg 90 much as OF war-ye without IL the braves
and strongest will only fight against desperate Odds
With We are alwsys able fight another campaign
ansr apology Is necessary for eonsratuatiug the eoun
Try on the abundance of the snews OF shown In IN
revenue returns for the quarter and the proof they aor
tbs. war has not hitherto nterred to serious extcn
| with our previous unprecedented prosperity.
The present position Of the revenue, aud the atcrs
tons bearing on tho comparisons made In the qusrter
STATEMENT arc familiar to readers, though sometime
considerable branch Of The revenue tina, was not deal
with last year seriously bring the imputaton
oohardness on liberal and courageous Chancellor
the Exchequcr. Tea sugar. stamps OF the various kinds
assessed taxes soap have been tho subjects Of great
immediate reductions of the revenue be replaced on
by tho slow operation Of the Irish Income aud
ousy under these attacks Is equivalent to great increase
under other circumstances That Is the agreeable
things proved by the statement before
in the customs OF the quarter there Is decrease
Less could hardly be expected when it Is
sidercd that besides reductions than hundred
lesser articles 10 the budget OF 1885, tho duty
In the excise the decrease Is E7 609 the immense ruve
nuo from soap having been abolished in the Of
tWevemonth In both customs and excise 1t must be OBJ
served that the quarter with which the comparison Il
made was Tor certain fiscal unusually productive
Notwithstanding the reduction In tho duties recep,
stamps, newspapers life ASSURANCES, and other stamps
there Is an increase Of fSois3 In this branch Of tue
revenue. a
The very extensive reductions in tho assessed taxe.
have led to decrease Of only ga $50. The property
tax, now augmented by the gradual and tady receipts
from the succession produces fIS than
peared on this head for this quarter last year. In the
Post Office, the variations of which perhaps too much
owing to matters Of and other temporary
to tell another there is increase OF El2S
020 and in crown lspds equally clear from financial
considerations, decrease of El35S SS On the whole
tho ordinary revenue of The quarter is less than that
the name quarter last year by fh1I and when
ordinary items taken into account the total decrease
is cSl2,7S9.
So much for the quarter aud if readers were not
already aware that the previous quarters had shown
encouraging results they might conclude that this
there would be decrease Of two or three millions on
the whole year Just ended On the contrary the decrease
the whole Is much less than that the Qusrter
On the Customs it is i5052 on the Excise sass 33G;
on Texas, ISIS s0a; and on Crown Isnd Else SIS. Ga
the other hand the Stamps of the year there in
OF tiSUI6; the Property and Succession Taxes
EIS5, los; and the Post Office sI66OOo. Thus on
the total ordinary Of the twelve months just end
cd the decrease il only f+3O37G which when the extra
ordinary items taken into account becomes si7i 500
II Is not To be expected that should always
be actually increasing in spite OF the most lavish
reductions, in spite q? with fifty millions
oil our customers spite Of general apprehension
OF approaching difficulties and expense aui-noi the least
consideratiou!n spts Of wheat at sos quarter. The
wonder ia that trade keeps up does aud the
account OF that wonder Is that the prosperity the mid
die and the lahong classes is such TO the
ADVERTISEMENTS and fears of those particularly
affected by the presest crisis OF affairs. The end
shcpkecpers say the reason has been a bad one aud
they for by saying that gentlemen aud ladies'
whose relatives are gone to the war; who lind
themselves about to pay double income tax,
not in the humor to buy what they do not soso-
lutely want. IL may be so, though a casual visteF
o. the metropolis would hardly surmse that he saw
any marks OF DEPRESSION, in the fashionable
quarters, compared with former TIE last
OF the Board OF Trade of which gave the prnci
pal heads on Tuesday seems to Indicate that employment
and expenditure the two OF material prosperity,
still the increase In branches mauufac
customers to make up for the temporary absence of
the old Ii is not TO be disguised that las and
have, injurious effects the employment and comfort
the people Strange indeed would il be il great
evil the neruecene hostility of nations should s
feet those gu. OF the range OF its immediate operations
Mankind must MOI expect to against the other
and polute earth and with thou homcide
without enduring share of the misees it thinks
proper TO inct IL happens, thus far however that
wsr has hardly touched our workshops and homes
Two fleets aud large army have left Shores and
daily expect to hear the dread tdings OF sngunary col
lissons; yet trade manufactures the markets the
fabric of ndus,ri, and commercial system is too
strong give way the first blast oi 50 far from
there being panic diSrust there Is only
much confidence, aud such "war prices
quoted in the Stock Exchange, the markets. and
other of speculation trade known
before. II this be- not partly owing to free trade-a
cusion by wish to press upon the s:epticsl
least free trade has prevented prosperity under
circumstances usually found so adverse.