The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-07-15

bs may De excused TOR 0okpg 70 the other SIDE OF me
Alps for assistance in throwing of the yoke Of the Aus
TRANS With regard 10 this struggle, wherever have
| been, whether in the United States or Canada,
Dave found but one opinion and that OF sympathy
win the Italian people, and hearty good wish for the
success Of the French arms Hear hear) Al the same
time u Ia coupled with the belief that there nothing In
tbe STRIFE which Is nos raging tina. bloody which
can 10 any way prove inmica the Of England,
and may add what have heard the inhabitants Of the
United States say-they hook with come dread on the
amount OF preparation which 10 making in England
bear hear)-fsr the purpose, said by those gentle
men wno have been speaking In public or me purpose
word i See sometimes used. Now, She opinion IN the
United States Is that between two great Powers
on the Continent does not involve danger 10 England
more than If they were at peace aud keeping their
armies unemployed. l once heard an opinion OK
dressed In America to this effect: "If were In
merchant vessel and raw two prases should ea much
more IL ease " those pirates were sighting each
other than If they were standing aloof ready TO be
DOWN upon me-" daughter and cheers However, as
you In England have taken the initiative this matter
hope we shall keep The power in own hand, and lie.
Powers know that we are upon this oc,s
sion not 10 ALLOW the blood and England be
wasted for foreign purposes foreign objects Reference
mas been made IN your kind address 70 my taking office
IN the government Of Lord Pamerston. really feei-b
uses rather expressive phrase Of our good American
rieDds-l really feel 30 badly posted up upon our ps
on the subject Until the pilot came on board IN theTiver
hs ornipg mad no idea OF that had happened
how learn, for the ret time, that the government Of
Lord Derby has been overthrow and another framed in
| lis place. The circumstances under which the 60
objects upon which the new government mas been
formed, or anything connected with it, were quite
unknown to me until few hours snce, and at presen,
lam quite uDprepared 10 offer any opinion sub
jec OF my taking office, the formation OF govern
ment Nothing more prsed me than 70 find myself
cluded IN such contemplated arrangements You vii
sgree with me that this not matter which oaght
retr 10 now. l have letter n my pocket from Lord
Palmersion, written in most frank and courteous
spirit, Offering me the appointment OF President OF the
Board OF Trade think the TO the letter due 70
his lordsbip in the first place. (Hear) All can say Is
entirely upon what believe TO be the interest Of the
public IN this question You must be good enough 70
in mo %nd ns. Of TINS Kind s
he thoroughly competent TO form a conclusion,
because IL is ne alone who bears the respons olisy of
the step which be takes, and although friends may I'D
wise course another they eannot share
bis responsibility and therefore he ought In duty 70 him
coming to decision upon the will
upon this subject than that so far my humble udg
ment enables me to decide, will take the which
believe II be most conducive to the interests Of the
public in that respect. and in doing feel that shall
have the friendly Interpretation OF the gentlemen
around me IN whatever may be the shall feel
bound to take thank you all sincerely for your kind.
ness and, Mr. Brown, congratulate you upon your
celent health am sorry 70 find that you removed
yourself from the duties of public life, though you
are still pursuing your path of usefulness thank all
the gentlemen present for their kind and hearty recep
ton
Three cheers then given for Mr. Golden and three
for Rcchdale.
SPEECH OF MR.. Golden TO THE FINANCIAL RE.
Mr.. ROBERTSON GLADSTONE forward; and pre-
seDted the address the Liverpool Financial Reform As
sociation.
Mr.. JEFFREY read the address.
MIR. Golden said-Mr. Gladstone and gentlemen have
long had the opportunity OF observing the sound pat
what bold might say audaci0us declaration Of prip
cipes which have characterized the Liverpool Financial
Reform Association. (Hear and laughter ! believe
them 10 be sound principe-enirely sound-as sound
believe them 10 be in principle the repeal Of the
laws (Hear hear) think entirely with you that the
man. or the body Of who could abolish custom houses
tint in hio thapr
the greatest benefactor that this country could possibly
receive. Hear hear And although might at
tay-and l say IL without at all contemplating any
prospective embarrassment from being President
Of the Board Of Trade-(aughter)- THAT ! look
upon e adoption ssoss PRINCIPLES at
Financial Reform Association guard themselves by saying
that they wish the principles carried might
be- yet, revolving the subject In my mind have
frequently been in doubt whether not ali under
the same deuson with regard to the question OF direct and
indirect taxation which Sir Robert Peel unier with
regard TO the praccabiy Of applying the free trade
principles between protection and free trade So far
can understand the workings Of the mind of Sir Robert
many years. TO watch the processes that went in the
judgment and views of individual in whose decision
felt there much invoved-(hear ear)-it always
appeared to Sir Robert Peel was frem nrst, az
good free trader any OF and that he believed IA
took sound views on the currency; but be thought
that impossible to carry out the principles OF free
trade without involving as great an amount Of injury to
the protective interest 70 render the thing entirely
hopeless for the attempt Of any wise and prudent Minis
ter If discussions in Parliament did anything they
tended to convince Sir Robert Peel that only was free
trade true in the abstract but that il might be soped
practically without involving those serious arrangements
that he had previously DREADED. not quite that
we are not IN this state Of mind regards direct and in
direct taxation l do not put this forward thing
which vii! bring on in the House of Commons but put
If we could sweep the Customs and Excise OF, and
substitute the whole amount OF taxation which we
be The Gs o g. as @
tax; as they do In America which is a
minal duty am not quite sure, tina. If that
done there would not be such increased growth
Of wealth in property in this island in consequence OF
having converted into free portn fact, giving Eng
land all the start that Singapore and Hamburg derived
from the adoption OF free trade there sure ut the
end OF ten years every owner Of property would not find
that he much the better for the increased value
property that railway sharee IN consequence OF the in
crease OF traffic, increased in value; that land
that precious commodity which cannot be increased in
the growth of wealth in this great island port not
quite that when the owner Of property made up
accounts at the end of ten years. would lot be founo
that ne the greatest gamer of anybody by the adop
| ton of the system. or course, he always assumed
that, il they had their taxation levied by direct in
millions annually, and upon that question he had some
| facts thrown in bis way while travelling in the
| United States, which mace him frequently revove the
matter In his mind. BE found for instance thai in
America although the taxation for the general federal 90
vernment, amounting to fourteen fifteen mlons sterl
ing per snnumathough that tax levied By cusoms
duties only with the exception Of small amount
ing from the sale OF public land yet all the internal
perditure OF the state was levied by direct lpos upon
property and small capitaton tax which took labor
amounting to some five or ak ehiings year the
might be. On travelling into the interior as
tcnished at the Of direct taxation which some in
dv!durls paid. He remembered in Cincinnati looking
the cellars of gentleman who the wine VIII
had become celebrated the banks Of the Ohio de
was known TO him to be Of the richest In Gin
cnnat, the proprietor Of these vineyards The gentle
man was net in, but his'partner told him Mr. Cobdeu)
that that gentleman paid the last year direct
towards the expenses OF the State of Ohio the county
which be veo, and the city Of Cincinnati, amount
which he almost afraid TO repest-,he amount Of
s35 COO, CO Geo. The other amounts he had heard of
beng paid by the richer in other towns such
Chicago or Buffalo, places really hardly known our
maps, or scarcely taught schools, but great
and hourshng cee nevertheless, something quito
striking and enormous But the point which wished
10 this that stem Of taxation did
to him IN the slightest degree TO impede the prosperity
| Of the districts (iear, hear 90 turning the tang
over In his mind, ne to the conclusion that if il
proposed substitute any other form OF taxation,
such reBored TO in Europe to raise the
sary expenses for the government Of Cities such
1 1tr tho. ~-hta t.sn