The Liverpool Standard and General Commercial Advertiser. — 1833-02-01 (Liverpool, Merseyside, England)

TILE LIVERPOOL STANDARD. 1/4 -c\N  i4Oittktiop.:of t4..sinking fund, than by showing what it had ah•e'ady, aone to prevent thk;a4iiinttle,tion of the debt, and hOw much of had been. actU4ly, extniguiShed by its oneratiiiu. If it had not been for this instituftein, it. was his opinion that, instead Of. tieing charged wifft-theinterest of the present national debt, the country would be,Chariediiith the interest of the 120 millions which had been redeemed. The benefits of this wise institution were not merely prospective and a promise, but the country had already derived-the most considerable advantages froth it. .It "was a sY4tem which the .nation: should cling to, not "merely from the consideration of _good faith to' those who had advanced their money on the credit of its constant operation, and the security it afforded to the financial resources of the country, but they shoUld be attached Co it from the advantages that had been found to result from it, and from its positive and tried utility." - • • •• • This was the expressed opinion of the whig Chancellor of the. Exchequer, the Ilresent Lord President of the `Council, in March, 1806.—Where is the sinking fund now ? His_lordship also introduced his,. measure of doubling the property tax, with an observation which is highly indicative of an.intimate knowledge of popular feeling.  "It was proposed," said his lordship, "at present to raise this tax to Len per cent.;—he thought it would be better to carry it to that point at once which might be considered its limit, instead of proceeding by gradual augmentations, which would make the public uncertain to what point the tax would be ultimately carried. It appeared to him that ten per cent. was the natural limit, beyond which it ought not to passoand that it would be better and more satisfactory to the general feelings to bring it at once to that point." We recall these words as likely to afford a serviceable precedent for Lord Grey in his present dilemma. As to the Guildhall meeting, it was scant in number; and despicable in character, but it has had one effect, that of proving to Lord Grey that all his official exertions to secure the return of the present candidates for the city have been woefully misdirected,---they are all pledged to the ballot, triennial parliaments, awl the overthrow of the assessed taxes as immediate measures, and his lordship will find, when he casts up Mr. Ellice's list atain, • that a very much greater proportion of his lords ip's, friends will pursue a similar course than either of them had the slightest suspicion of, when they made their first calculation.—John 4u//.  cruel, tyrannous,, infamous,, and all that,. would these measures be termed but we affirm that they, would be mikiness itself compared with the murderous despotism, the heart-rending irtjUstice.and'oppression which prevail at" present. Better have severity under the law than assassination 'and robbery in defiance of it. Better that twenty men should be confined to their homes by. night than one killed and two plundered. Better have no masses-before the altar, thaminflammatory harangues in the chapels. Better, in short, that Ireland should be governed as St. Domingo is than it should be allowed to Lbe an eternal plague-spot on the face of Europe.—Guardian and Public Ledger.