The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-08-03

.s. ~. ssrr. . Sich be expects to receive VIII only
smou.t . the OF ~, Leaving , aenSienoy o.
srade Ana revenue are n iourishng condition. Th,s
va proved by NJ Gadse no last nynt by reference TO
the results Of The ia. Oa. s', new oues levied uuos
cheques and upon Irish Spirits NJ psAes expsctA.oss
Of the probable annual income ha 0een cen oy
will therefore desire to know the buses which have
accustomed deficiency formidable an 1907 ooo wnea
and tho expenses OF the great Indian muNny were By
general consent thrown upon crcumn snce whoa
rso s Inc ExSaeqIer last nsnt
now happily been restored, but Ea9l1nd has beef taught
tie important and instucis lesson mat A.r napa aaa
tie greatest Pc,Oers Of the sood The late government.
much 70 their credit took vigorous and suooessea steps
they left Office. but from the sums which
House Commons has readily and " nhesr,u tn1
granted only fair TO assume that the same policy Of
defensive preparation has influenced the policy both Of
late and OF the present Last year the army
estimates amounted 70 tho sum Of OOO and the
navy esmates 70 the sum Of 80 OOo In the present
Co., and for the navy, o0o The position OF tie
country In respect expenditure correctly described
by the Chancellor Of the Exchequer when no tas
was Exceptional and ambiguous" The wishes OF tie
people and OF Parliament point to military and naval
maments In excess Of those which usual in time Of
peace but which arc not equal to those which are
~ in time of The navy must be increased be
able TO meet all possible contingencies The internal d.
vsinn must be made for the relief OF the large
army which occupies India and our colonies Tho MIL
tia embodied and disemb0ded must be kept In state q
efficiency and FOR these purposes ships must be built for
lfcstoDs must be erected the best descriptions Of
which science has invented must be manufactured, aud
must be invited INTO the service by large bounteS
hence these preparations may turn out to have
been partially Unnecessary but should the converse be
the case, then every Englshman will rejoice at the FORE
sight OF the government OF the House OF Com
which in time set order the naval and military deeuces
OF the country AS the additional is likely to
as q "
posos meet not by resortng loans ~ tamperng
With and sugmentng indirect taxation the of whsh
schiey experienced By the poorer classes but tempo
OF the income tax inpost which
With less than Goo year. Every one knows
that under the act OF Parliament the income tax to
lapse the 5th of April $780, Those portions Of the
which imposed during the Russian war have beea
taken 1 whilst the tea and sugar duties have re-
manned and will continue 20 remain IN force until 1860
Mr. Gladstone refuses wisely think interfere with
the malt duty the spirit duty, and the tea and sugar ds
ties The agricultural interest would cry out as Il did in
the dRye Of protection II any Chan eor OF the Gxcasquer
should have the rashDess and audary to lay additional
tax upon malt The spirit duty has been equaizei ia the
three sngcons, and it is doubtful whether the
could be permanently benefited by aoy departure
from the present arrangement Tea aud sugar arti
Giles which importantly contribute to the comfort
people, and therefore believe that unpopular
could not be adopted than than that OF
to ADDITIONAL from these great necessities
OF life Political economists tell us that tue incons tax is
the beet because the most direct, impost which tho in
nomists would equaby ADJUST the tax by recognizing
distinction Between peruSDsnt and fuctuating in
apprehe appears any thing but fair that the
who makes 81 Geo year from his professional abilities
and exertions saould pay precisely at the rate
the who possessed FL ,0o0 year in laod the
funds, which he can leave TO his children. Po-
litical economists further tell that in both
CAGES the tax falls equally upon annual in.
come. This liz true but 1t Ia not true when tas tax
has, Ia shape other, its present prospect OF
permanency. But saving this inequality the tax ia in.
fney less oppressive than those expedents which inter-
fee with the comfort and welfare of al classes Of thu
community, only throw upon posterty ever. acou-
atpg burden. Mr. Gladstone has not feared to en-.
counter uDpopuarty BY proposing TO make addition
10 this Income tax. All taxation know, is unpopular.
but when deficiency OF "a 1867 900 has to be applied
national Objects these persons who have incomes
iog ESQ and fl00 year cannot reasonably complain
when they called upon TO contribute for the year
which, 10 ADDITION to the sd. already charged will
yield something than Ga eco to the revenue.
The Chancellor Of the Excheq uer further hopes By
striking off Elk weeks from the six months credi.
given to maeters, to have in the Exche1uer BY
the 5th Of April OF E7sO0o0 By those means tue
Gum Of Ga 947 eco will bs obtained add the deficiency will
be than supplied We believe that the
right honorable gentleman has taken manly straight
forward by proposing temporary arrangement
which will adequately meet temporary emergency II
the people wiBb the defences of the country be
tanned satisfactory state they must periodically
nit 10 present perropal sacrifices ncon yen
ences leaving 10 happier times those remissions are
sure Mr. Gladstone would have proposed with ten times
pleasure that his merely temporary and provisional
budget Of last night.