The New Financial System.
The Times, 1824-03-01T00:00:00

71 Th7E EDI I O1f1QF TIlE TDIMFz. Sir.-' lVhn tlie people have complained to Parliamenit o! :herlln!riit'. and privations, thev have uniiforimily been tIl ! bv M ini5ters that neiteher the Government nor the Par- i:ameot co;::d apply any resnedy, but that thc cvil wouldl varkI its oI ctUe. aud thetv muAt patienrtiv wait for time and crcti;nt.l cs. - \Now that a change has in some mea- sure bcen t * cu 1. Inot bv the _Wuisters or the Parliament, but by zh! vn -gs, industry, or enterpirise ot' the people tfern'>e' :. ant there appears a lar-e surplus in the reve- r.ue. have not the people a right to look for, not only a pro- portionate redue:ion i:t taxation, hut a dleliveranice from Me of tlie nectst piling andl( grind(inltg imilpositions operating 'chieflv upon th. abourti- anid niiddlt classes? 'To them th- rrpcal of 'he idties on silk can give oreli . ,it beiig, so far as regards the wLarmr. an article of luxury w while the tax urton windows and otltfra.stasi.wd taxes would afi7r(1 mine- d'iate relief, inot only in the amoni ot ot' the tax, but the expense in the collection. On silk it is proposed not to take off the duity until July, t afFord an opportuin:tv for the various persons who are hid~-.. of maufiactured or utrims;tufacturedl silk, to sell ,T their stoeks otl hliid ; bitt Lh. iiporters, the brokers. antI oI hers wv1o ha I, I t lpon the subject, say they wcould rather have i it or at onee,ailI have appointed deputations to wait yur the (hirceilor of thlfe Exciheqitier for tiat putr- ?.- =Thi'i wutld indleld he ruinttu, to all the smaller , :anufacturcr, an,d ttte Khopkocpers throughouttliccountry, who traul 1Vti ilnall eapitajh. which wvould ihe cnltireiy .bsoltl witwI the n h. winlet sus taiu upon their stocks ;n hanld ht: do ns t h! matler statid( wvitth respect to the import< rs or tlihr o1 crs WVhv. thov sav ifthc ulutv lic not`weaied ittil .)td', wo shall ilold a]l otir silk on hand 1r1IRY,:n. andi the lo;s to us will be the sarne. Thie bru- ..r ,ho i-. *r ouhlit to lie a mere agent, would, in that capacitv. los, not one firtiliing by art ittniie(liate redittetion rhile, if rho luwv rtuniainLi unrepeale4l until Julv, he wou!d tran'ae ito bu .;nee. Jurittg thc intterval. It should ai'o he remarkn t di, that the tmerchanit who imports will lose rmotl ing; for as upne hargstnerely aeounmissioti UpOI the sale, t,ie iov.co0te WhenD It Will. MUs.t fAll upon the houzesabroad xvho ccms:gn to hlirn. Ttus, tlien, the great ienehayts and brier;cr will throw thie whoic loss upon the numerous small soRnuf3cturerS, :not of whmon rceide at Coventry, Norwich, Njacclcsfiid. ( lasgoiv, and distant parts; attil the shop- keetrrc. all ovcr the kingdom, who liave not been constdltedt on the suijtct. and wbo arc quite ignorant of the move- r n:s of thlegrear capitalistm in London. Are tCese ro-iasuros, then, such as Will satisfy thecountry or lT'v reasonable man ? Are the pcoule. who nave so pa- t;;rtlY enrluredI thirir suifferings, and who have,session a'ter rx,;or, peru-ioned tne Paldiatitent for a reminsion of some df the Tost upprevsive taxes, fhirly de alt with ? and will not the nation1 again lay thvir hurnble revresentations before the Lcgis!lturf CIVIS. Til:H E Il iz. (.l Y.fTI.