New-York tribune., 1868-04-04

OF Italy-ths tax whose repeal was the hrst pSdge
given by the new dynasty to, Naples,
this tax actually repealed by Crisp and
Cordova in 1913 in Sicily is according TO the present
Minister of Finance establish equilibrium between
revenue and expenditure if levied Il rejected, 10
leave, the patton bankrupt within the next three
months. The battle will be desperate-ls raging
iercely in fact within and outside the Chambers
shed the of its absent colleagues, aud LAID
the responsibility of failure their shoulders he
Government and their supporters are equally active
and the desertion of tho third party, sudden, un,
looked for and complete, gives it a fair chance nI
victory. Bargonis motion " that tho House should
reserve therght of rotg the ndcndo tax together
with the other financial projects of the Minister"
was eagerly accepted by the Conservatives as
pledge Of coalition between Centre and Right even
as that of Minghett inviting the Ministry to bring
in, during the month of April bill for the reform of
existing taxes, and plan for reducing the deficit of
1869 by one hundred millions"
Among these ministerial projects is that OF retdn-
ing the income tax the payment OF the interest OF
consols treasury bonds, or other State stock FOR
egn holders of Italian rene says the second article
OF this project, will not be subject TO tins rehhoh
OF course not, as they exempt from the income
tax, but it well to be explicit, as many con.
found this measure with another favorie project of
some of our wiseacres of cutting down the interest TO
per cent on all State coupons. Were this act re-
sorted to- should say Italy, In the future might tsh
for loan IN foreign markets sit is; don't fancy
nations will be very to take up the per cents
on the system, but rather invest Their
spare finds in undertakings which have chance
OF eudiag the vigilance S OF the taxgdtheeGer am
the Italians have general reluctance to pay taxes
Of any kind. Arrears paid up would go q long way
toward filling up the deficit. but much depends on
the collecting system. In Venetia where the old
Austrian system is still extan the taxes are PAID
The Government farms out the land tax TO the col
ectOr and places at his service armed force and on
the Goth February tas know to my cost down went
p per cent of the quarters income, and IL payment
had been delayed the oarbiniei would have come IN,
sold the stock, and made you pay the soldiers
trouble. Why this system is not carried out with ro-
gard TO the income tax is mystery. Perhaps the re-
tentOn coupons IA a beginning.
In order TO calculate the intrinsic merits or de-
merits of the grist tax we may wait uli the qpes.
tion has been ventilated in the chambers. he chief
arguments OF ITS Partsans seem @ 70 Ce anss sans tbs
various mills, making the miller Keep clear BOOKS,
and pay dorm charging his customers in detail with
their respective shares; ana again' T 1at IL tax
of the tax refute this last argument say that while
the poor do live by bread alone, nearly so, the
rich consumes sproportionably lttle that wealthy
proprietors sell their grain the fields, and thus
escape the grinding tax that II is III short, tax on
poverty-a tax Of despair" II we are TO listen to
the Romans the mdcndtO is the heaviest OF the many
burdens which weigh down the denizens OF the
Eternal City, and much doubt whether, with this
lament of the experience ringing III their ears. WIN
the constant assertion that no new taxes are needed
If the old ones only be properly collected, proper
economy be introduced if administrators great and
small would be honest, and not fatten on the misery
of the masses-I doubt very much whether this
special tax will long be paid, even if voted unanI-
mOusly.
Ii seems now really probable tnal tne fIebcn
troops are la be withdraw from Viterbo and Clyita
Vecchia, and the public asks anXlousiy, Whstst 10
paw L. there a secret Franco-Itaian treaty IN the
background The Partisan liberal press inclines to
doubt it, The Untd C0tOl.d affirms that France ana
Prussia have entered into convention 10 guarantee
the actual territory to the Pope Prussia seems in
clned TO accept a Nuncio Austria 20 come TO terms
about the ConcOrdat in short His Holiness Is likely
glide into his grave comfortably and sereney with
fewer misgyings about the stability OF Peters rock
than he could have imagined at any moment during
the last seven years, before Meatdnd Ibe elevation
proved Napoleon devout worshipper AT the shrine
Of ST. Chasscpo but the saints miracles are not yet
terminated