The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-10-08

When Mr.. Pitt brought forward his proposal
for an income tax In 1893, he estimated the
rentals II eaj.OoO0OO. In 1893 the income tax as
sassel on real property was made on a rental OF
eis,s9l39l. In 1871, the total annual value Of
real property assessed q the poor rates was
ll9. From an oGical document lately
issued, the estimated rental value Of property In
Middesex alone Is settled on the valuation list
at ell 721.5i5, and the ratable value at fo,75qisl
This Is a handsome advance on the rent value
OF the same couuty In 1871 VIZ. ei,293,369 And
= very or ,,ifying fact in connection with this
increase is the decline OF paupcrism in London,
which seems TO offer some refutaton OF the as
sertion that the poor grow poorer, In that city st
all events. The population Of the metropolis In
ISL amounted to 325LO0l. aud there Is every
reason f1r believing tnat II ha' since then been
Increasing at the rate OF about 1000 year. But
an addition OF 10000 to the population Of the
metropolis ought 10 have entailed, according to
the figures Of ISL an addition OF 20)l persons
To- TIE iXirlum winter aud OF LOO pers sons 20
the minimum summer pauper@m. II, in other
words, pluperlsm had gone on incre lsing from
1871 in the slme ratio ~ population, there would
have been last winter l7e.ol0 paup RS In lieu Of
% $50; n now ne rv 10 90 ptupcrs in leu of
only s0bl, II Is difficult to believe that the
whole Of this vast improvement, is aue 10 an inn
IT
portion of II must surely point TO the conclu-
sion thr the working 81 ,sse~ as a ,dy are bet.
ter on and less dependent On the ratepayers.
The gre At growth In the ytlue Of real estate IL
merely reflex u the commercial prosperity
Of the country. IL Is to Arkwrtht, Watt, aud
stephens IA that the lanc owners IRE indebted for
their enormous rent rolls to-day Railroads
have trehlcd the value Of property even in the
most remote localities, and quntupled it In tine
neigh borhood Of llrg cites. Lord DsrDy's in
come is now returned at more than Rl510J1
aver. Thirty years ago II W ,s nearer atty, but
steam ha, made all his Land around Liverpool OF
immen.c value.
Again, no property has increased moro Ia
vain, from the Same cause than that ia the
ncishhorhood Of watering ullte' In the new
Doomsd ~ Book occurs the name Of MIR Lawrence
Palk as having elO9OJ) q year. Sir Lawrence Is
not himself In the enjoyment Of such an income,
because great dead Of his properly IL still held
ON lease, bur no doubt hi- son OF grandson win
have u. The chief source II it ia property AZ
| Toruuay, which early In the century was mere
| fishing village with few cottages for sea
| batAers. Tho ancestor OF Sir Lawrence made a
| fortune m India, whence Tor 30 many years
poured a stream OF gold into England, and
| bought fora very few thousand pounds an estate
| In this remote maritime village, which WAS des-
tined t. beropc what Bath was Ia olden times.
| lhndudn,, on the col,t OF North Wales, Is
| another rfs3 in point. Its ripil rise has served
| to repair tho shattered fortunes OF the ancient
family Of Mostyn. In fact II really seems "a,
though family with larse landed estate al
most must recover sooner or later If they VIII
put suck % IT, A railroad, a minc or a water
mg place. acts as a hidden power to float then
again.
The great difference between land hors mud M