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efforts have been limited to the task rity, to limit the renewal of the of reviling the cause which they aban. Income and Property Tax to the doned at the bidding of their chief. period of a single year. We regard Sir James Graham has gone further. this as one of the most important He now stands in enviable proximity events of the Session; since it unwith Colonel Peyronnet Thompson, equivocally shows that the nation is who regards foreign occupation as an writhing under the pressure of this evil of less magnitude than a return to unequal impost, and has the power, Protective principles, as the defamer when it wills, to cast it off for ever. of the British army, whose swords, he We do not, however, suppose that the insinuates, would be unsheathed Whigs have any such notion. They against the people, should that people, are treating the impost as a shipin the exercise of their undoubted builder might treat a vessel which had privilege, return to Parliament a ma. been afloat for nine years, careening jority of representatives who think and coppering it afresh, preparatory differently from Cobden and his crew. to a new launch. Now, when we We hardly know which most to ad- remember that Lord John Russell has mire-the monstrous arrrogance, or given distinct notice of his intention the unblushing effrontery of the man. to propose a new Reform Bill during Did he really suppose that threats, the next Session of Parliament, the coming from such a quarter, would existence of the Income Tax, under deter any one in the exercise of his any shape whatever, becomes a matter free individual opinions ? Was he of most serious importance. What weak enough to think that his inuen- necessity there exists for an extension does could turn the scale of public of the suffrage has not yet been exjudgment; or that the electoral body plained to us, neither are we aware of throughout the kingdoms would shrink the principles upon which that act of from performing that which they extension is to be framed. It may not esteemed to be their duty, because, be intended as a last desperate effort forsooth, it pleased the Border Baro. to maintain a bad commercial system net to prophesy that no change could it may possibly be a wise and even be attempted without outbreak, temperate measure suited to the reviolence, and bloodshed ? He has quirements of the time : but as to heard his answer in the shout of in- this we can offer no opinion ; for the dignation which has rung, from one bill itself, if not also the principles end of England to the other, in reply upon which it is to be constructed, is to his mischievous menace; and we yet in embryo. But we cannot help bave little doubt that, by this time, expressing thus early our decided he is convinced-if shame can pene. conviction that the maintenance of the trate into his bosom—that the most Income Tax is incompatible with any fatal act which a statesman can com- large extension of the franchise, if the mit, with regard to his own position, rights of property within this country is to proclaim that brute force has are to be preserved. At present, an more might and majesty than the law income of £150 is chargeable with within the limits of the British terri income tax. If it is intended by any
new electoral scheme to give a preBefore concluding, we must say a ponderance of votes to those who are few words upon the position of her not so directly charged, then we say Majesty's present Ministers; and we that the promoters of such a measure shall confine our remarks simply to a are establishing a principle which, topic connected with their commer. when carried out, must inevitably cial and financial policy, leaving out lead to confiscation. We all reof view the graver question of secu- member that, in 1848, Sir Charles rity to the Protestant faith, which is Wood, with his usual intense stolidity, now occupying the attention of Par- proposed to augment the rate from liament, and elevating the character sevenpence to one shilling in the of the Irish nation, through the con- pound--a proof of what may again duct of its chosen representatives. be attempted upon any occasion of
Ministers have been at last com- emergency. Let us suppose a new pelled, by the vote of a hostile majo. Reform Bill carried, which shall have
the effect of lodging the political the minds of many, and equal justice power in the hands of those who are is no longer regarded as the grand exempt from direct taxation. An element in the distribution of national agitation rises for the removal of cus- burdens. No greater evil than this toms-duties upon articles of general can befal a country so eminently consumption, such as tea, coffee, commercial as our own. To tamper sugar, and tobacco; and the Minister with the public faith is to introduce of the day, unable to stem the torrent, the wedge of anarchy; and yet, how is forced to yield. In such a case as is it possible to deny that almost this, which may very readily be every one of Peel's fiscal and moneimagined, and which indeed is sure to tary measures have had a tendency in occur, how could the revenue be that direction, by disturbing the raised? Sir Charles Wood has already distribution of taxation, altering the shown us how - by augmenting the value of produce, and rendering the direct tax upon rated industry to an burden of monetary payments more amount equal to the defalcation. oppressive than it was before ? There is no reason whatever why We do not believe that Lord John sevenpence, or even a shilling per Russell will have the opportunity of pound, should be the limited rate. No proposing his new scheme in the tax can be more popular than a direct character of Prime Minister of this one, to which the majority of the country. Events are rapidly tending people do not contribute ; and much to their consummation; the Wbig of that powerful support which the Cabinet exists by suffrance only, and Whigs have hitherto received from in a few weeks it may be broken up. the Irish members in their financial It has served its purpose of conductpolicy, may be traced to the fact that ing the Free-Trade experiment to a Ireland has all along been exempted point, when the miserable fallacy and from the operation of this obnoxious deception of the whole system has impost. Mr Henry Grattan lately become apparent to the nation ; no declared, that Ministers might as well one interest having been left unscathattempt to levy Income Tax in Siberia ed by its noxious influence. If the as in Ireland. If so, let us by all manufacturers have rightly profited means get rid of it in Great Britain by the lesson, they must by this time also. These considerations are well be convinced that they cannot sepaworthy of attention at the present rate themselves from the interests of time. The questions of taxation and the great mass of the British people ; of representation are closely bound that their boasted independence and together, and it is in vain to attempt monopoly of the markets of the world separating the one from the other. is a vain and illusory dream ; and The frequent shifts of Sir Robert Peel, that the real prosperity of the nation and the principles of expediency can only be attained by fostering the which, in 1842, he thought fit to apply labour and protecting the industry of to taxation, have altogether unsettled the subjects of the British Crown.
INDEX TO VOL. LXIX.
Æneid, the, and the Iliad, 55.
MINISTRY, 368-its losses from free-
of the, 505.
moral influences, 589 -- true value of
science to it, 595—its prospects, 598.
gery, 461, 605.
poetry, alleged non-nationality of, 514.
Margaret to, 50.
securing, &c., 661.
in England by, 312.
nian gold on the, 17.
Bastiat, M., the leader of the Free-
traders in France, 116.
364, 365, 395 et seq.
Mr, the Campana of Tom Cringle, 558.
and history, ib.--female writers of, 43.
451 - claims of, on behalf of the
craft against, 456.
marriage of Southey to, 404.
invasion of, 211 et seq.-- sketches of,
to follow, &c., 7.
shipping employed with, 218-dimi-
nished exports to, 275.
on the emigrant trade of America, 127.
Cash payments, effects of the resumption Cotton trade, state of the, 114, 383,703
et seq.-diminished profits of it, 707-
Credit, influence of Californiangoldon, 17.
the opponents of, 196—its failure, 574, Cristal, the Sierra de, in Cuba, 562.
Cromwell, prosecutions for witchcraft
20 - Part VI. 137 - Part VII. 282– Cuba, sketches in, 555.
CURRENCY EXTENSION ACT OF NATURE,
\Currency, influences of extended, ! -
sions on, and effects of the importation
of Californian gold on them, i97.
Curse of Kehama, strictures on the, 387,
Damjanics, the Serb general, 92.
our External dangers, 196-No. II.
of the, 258-Southey's attachment to Dante, his picture of St Francis and St
on the weight of, 14.
Delta, the Message of Seth by, 107.
--they unprovided against war, 200.
Development, the doctrine of, 575.
Direct taxation, repugnance to, 502.
tural question and its reception, 37),
rency, 13 - his reception in France, Doctor, Southey's, remarks on, 388.
Doesborcke's history of Virgil the magi-
and the Pantisocratic scheme, 359. their founder, 338.
218 - outlet afforded by the, 270 Margaret and the Earl of Angus, 50-
-the Lady Margaret, birth of, 51.
Doyle, Sir John, anecdote of, 227.
Dramatic unities, on the, 646.
cotton trade, 703.
Dundee, state of the linen trade of, 114,
Durer, Albert, influence of, on the Por
tuguese artists, 341.
of, 117–consumption of, in the United aggression, 255.
social state, 257.
Education, recent efforts for, 259. Glasgow, pauperism in, 264–on the state
of the population in, ib.
Glasgow cotton-spinners, trial of the, 733.
effects, 7—the supply of, from the Ural
and Altai mountains, 11-fall in its
value, 12, 199-supposed fixity of its
Government, undue activities of, 113.
259, 276—tables of it, 1825-1849, 260 party, 369-position of, and his party,
376–his speech on the agricultural
crime in 1822-1849, 261 note--and of 380—his committal to free-trade, 492
of agriculture, 598, 599-contrast be
Grain, importations of, from the United
states for it, 214-importations of it, ib.
America on, 2-progress of protec 340, 341.
Grattan, sketch of, 229.
Great Britain, influence of contraction of
creased supply of gold on, 13-perils
- state of her national defences, 205–
the army, 206—the navy, 207–her de
pendence on Russia and America, 216.
sented in the, 305—indifference to the Greek question, the, 205.
Guadaloupe, prospects of, 555.
H. G. K., the Flowers' Revenge, by, 489.
Hale, sir Mathew, trials for witchcraft
-fall of price of gold in, 199-warlike HARMONY OF INTERESTS, &c., review of,
the, 545-sketches at, 557 et seq.
armies, &c., by, 207, 209.
Highlands, effects of free-trade on the,
to, 16-general review of its results, History, distinction between, and bio-
Holland, abandonment of gold as a
decline of shipping, 217-errors of the, HOLLAND'S FOREIGN REMINISCENCES, 234.
Home trade, state of the, 757 et seq.
Homer, Wolf on, 55.
-his death, 459.
forgery, 461 et seq., 605 et seq.