Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1854-07-28
From the London Times, July 6.

Revenue Great Britain.
The revenue is so much an affair OF w ar, that ior
nanny we spend upon our internal well-Deing
J Improvement eleven go 10 the maintenance OF
m army and navy and TO the cost of old wars Though
o Itb has it's evils-for abundance of money en-
Encps the cost of nothing so much as that OF war
without If, the bravest and strongest Will only
Erbt against desperate Odds and with it we are al
Us able to fight another campaign. No further
cIoov is necessary for congratuating the country
tbe abundance of the sinews of war, shown in the
yonup returns for the quarter, and the proof they
Frd that war has not hitherto interfered, to any Sc
lions extent with our previous unprecedented pros
peny, .,,.--
fons bearing on the comparisons made in the quar-
tarlv statement, are familiar to readers though
sometimes conveniently forgotten by partisan wrl-
tors There is not considerable branch OF the re-
venue tina, not dealt with last year so seriously
as 10 bring the imputation of foolhardIness on
liberal and courageous Chancellor of the Exchequer
Tea sugar. stamps Of various kinds assessed taxes,
SOAP have been the subjects OF great and immediate
reductions of the revenue to be replaced only by the
slow operation Of the Irish Income tax and success
sion duty. For the revenue not 10 have fallen very
seriously under these attacks IS equivalent to great
increase under other circumstances. That Is the
Agreeable state Of things proved by the statement be-
fore u.s.
In the customs of the quarter there is a decrease
367 AGA Less could hardly be expected when it is
considered that, besides reductions on more than
hundred lesser articles in the budget of 1883 the du
~ on tea has now undergone its second reduction to
Is Cd. pound In the excise the dec, ease IS ILL.,
6O9 the immense revenue from soap having been
abolished in the course of the twelve month In both
customs and excise it must be observed that the quar-
fer with which the comparison is made was, for Ger
tain fiscal reasons, unusually productive. Notwith
standing the reduction in the duties receipt stamps
newspapers life assurances and other stamps, there
IS an increase of 30 485 in This branch of the
The very extensive educatOns in the assessed tax
s have led to decrease of only ETA, $50. The prop
ery tax now augmented by the gradual and tardy
receipts from the succession tax produces G48, 567
more than appeared on this head for this quarter last
year In the Post Office the variations of which are
perhaps too much owing to matters of account and
other temporary causes to tell one way or another,
IS an increase of gl28, 900; and in crown lands
equally clear from financial considerations, decrease
of El35, 1888. On the whole, the ordinary revenue
Of the quarter is less than that of the same quarter
last year by EST, IA ; and, when extraordinary
items taken into account, the total decrease is
R8I2789.
So much for the quarter and if our readers were
not already aware that the previous quarters had
shown more encouraging results, they might conclude
that at this rate there would be decrease of Two or
three millions on the whole year just ended. On
the contrary the decrease the whole year is much
less than that on the quarter On the Customs it is
G4jO,524 an the Excuses, CABS, 1856; Taxes,
C33 9O2 and on Crown lands, Gl32,888 On the
other hand, on the Stamps of the year there is an in
crease of E48,O76, on the Property and Succession
Taxes, G435 l65 and on the Post Office, Gl66, 0CO.
Thus, on the total ordinary revenue of the twelve
months just ended, the decrease is only g43O, 1916,
which, when the extraordinary items are taken in
to account, becomes G4743G9.
1t is not TO be expected that should al
ways be actually increasing in spite of the most
lavish reductions, in spite of war with fifty mil
lions OF our customers, in spite of general appre
henson of approaching difficulties and expense, and
not the least conslderation-in spite OF wheat at
sos quarter The wonder is that trade keeps up
it does, and the true account of that wonder is
that the prosperity of the middle and the aboring
classes is such as to COunterva the embarrassments
and fears OF those particularly affected by the
present crisis of affairs. The west end shopkeepers
says the season has been bad One and they account
for it by saying that gentlemen and ladies whose
relatives are gone to the war, or who find themselves
about to pay double income tax, are not in the
humor TO buy what they do not absolutely want. 1t
may be so, though a casual visitor of the metropolis
would hardly surmise that he any marks of de-
preston, in the fashionable quarters, as
compared with former seasons. The last return OF
the Board Of Trade of which gave the principal
heads Tuesday, seems 10 indicate that employment
and expenditure the two of material pros
pery, still on the increase. In most branches OF
manufacture still producing more than ever,
and hndi e customers to make up for the tenn.
pOrary absence OF the old.
1t is not TO be disguised that war has, and must
have injurious effects the employment and COM
Tort of the people Strange indeed would it be if Sc
great evil as the inteTnecine hostility of nations
should affect those out of the range of its mme
date operations Mankind must not expect to arm
against the other, and to polute the earth and
sea with ten thousand homcides, without enduring
share of the miseries it thinks proper to inct
so happens, thus lar, however, that war has hard
y touched our workshops and our homes. Two fleets
and large army have left our shores, and daily
expect TO hear the dread tpings of sanguinary COLI
siOns yet trade, manufactures, the markets, the re
venue, to go as if nothing were the matter
The fabric Of our industrial and commercial system
is too strong to give way at the first blast of war
80 far from there being any panic or even distrust
there is only too much confidence, and such C wal
prices as are quoted in the Stock Exchange
the markets. and other resorts of speculation or
trade, were never known before. If this be not part
Iy owing to free trade-a conclusion we by no means
wish 10 press upon the scepticalat least free trade
has not prevented prosperity under circumstances
usually found so adverse.
THE KYLE AND SCHUYLER FRAUDs.-A letter has
been addressed by Mr.. George L. Schuyler to the
Investigating committee Of the Harlem Railroad
Company, in which he points out direct swindling
operation of Kyle, the late transfer clerk, he having
paid Kyle the value of twenty-On shares of Harlem
stock, which the latter, instead of buying in the
market, as directed, issued from the company, and
pOCkeled the money.
The directors of the Naugatuck Railroad Company
have invited holders of certificates of stock, send
IN statement of the same to the treasurer, H
I'LL n I L.