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^pe a ft e t. A POLITICAL AID 1ITERART E...
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oe REVIEW OF THE WEEK- i-aoe Ireland.......
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VOI.. VII.::/No, 348.1 SATURDAY, NOVEMBE...
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~y jv i <}YY V Jl\^tII^ttt Ul ..tut ivttR
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T HE money pressure is beginning to tell...
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.
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Transcript
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Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.
Additionally, when viewing full transcripts, extracted text may not be in the same order as the original document.
^Pe A Ft E T. A Political Aid 1iterart E...
^ pe a ft e t . A POLITICAL AID 1 ITERART EEYIEW .
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Oe Review Of The Week- I-Aoe Ireland.......
oe REVIEW OF THE WEEK- i-aoe Ireland .... mi Tho / Walewski Estates .................. 11 * 7 Jsunes Watt and Steam Engines ... 1121 PubhoMeetmgs ....... .... . 110 G America nil The Unconvicted ...... ....... "' 1117 The Five . Gateways of Knowledge 1122 lord Ravensworth and the Blaydon Continental Notes ... ; .... mi ' Judgments' —and Want of Judg- Seventeen Russian Stories 1122 Institute HOG Miscellaneous . 1112 meut ....... ....... .. 1117 ' ¦ ¦ ¦¦ Obituary ' .. 110 G . ¦ Postscript ' .................... ; . 1113 Gold-Seekers in England " . ' . ! . ' . ' . ' .. . " . ' .. 1118 THE ARTSState of Trade ........ ; 1107 minn ^ artiiDe Commissioner Phillips on Capital Theatrical and MusicalNotes 1123 Love . and Suicide 1107 pubuc affairs- Punishment .... 1118 The Handel Musical Festival ...... 112 S Starvation of a Famil y 1107 Pre si dent Buchanan Ill OPEN COUNCIL— ¦ ' The Great Bullion Robbery . 1107 The United Defalcation , Garotte , A « nr » nt > P fm- \ wnroTO ^^^ c ^ Naval and Military 1108 and Genftral Appropriation Com- . . assurance ior . assurers . my The Gazette .............. 1123 A MysteriousTragedy lios pany ( Limited ) .. 1113 LITERATURE- " . •» . Accidents and Sudden Deaths .... 1108 The Generals at Kara ... 1115 Summary ................. 1120 COMMERCIAL AFFAIRSOur Civilization . 1100 The Dublin 3 Iurdor ..... 1116 Catherine do Medicis 1120 ' City Intelligence , 3 Iarkets , & c ...... 1124 .
Voi.. Vii.::/No, 348.1 Saturday, Novembe...
VOI .. VII .:: / No , 348 . 1 SATURDAY , NOVEMBER , 22 , 1856 . Peice { SS ^ :: SSS -
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T He Money Pressure Is Beginning To Tell...
T HE money pressure is beginning to tell , but only beginning to tell , upon the political world : we shall see more of its effects before very long . An agitation is rising -up against the Income-tax , and tlie city of London has joined in the movement . The object is , not to abolisli the tax , but to obtain relief from , it at some definite period , and to secure a more coi'rect adjustment in the meanwhile . The demand is proper in itself . The Income-tax is very badly adjusted .
The most glaring defect at present is , that the man of 99 Z . 193 . a year is charged nothing , and the man of 100 A Is . is charged 61 . 16 s . 8 d . It is as absurd in the case of a man of 150 / ., as he pays 81 . 15 s . when the man of 991 . escapes . There is not that difference in the condition of the two . The fair mode would be , to strike off a given sum from everybody ' s income . But , we say , the Income-tax cannot be rendered just . It was therefore a . fit impost only for the time when it was introduced—a time of less pressure than the
present—for one great effort , — -the readjustment of our commercial tariff . As soon as that was accomplished , the purpose should have been to use the readjustment of the tariff as a compensation for the Income-tax payers ., who should have been at once relieved . This is the rising opinion in the country . The tax is not of a proper nature , it cannot be made ju 3 t , and the people are beginning to feel practically the grinding , grazing pressure upon the inequalities ; therefore , they are moving . The state of the purse makes them come out politically .
And the state of tho purse will exercise a yet stronger pressure upon their political feeling . We have not been alarmists , and do not intend to become so . We cordially concur in the assurance of our contemporaries , that , speaking gonerally , and always exceptiug Redpathrobsonism in its many forms , tho state of our trade is extremely sound . We do not think that the Bank of
England can , by any change in its charter , supply everybod y who wants it with just enough more of money to make his circumstances ensy . " But there 13 something besides banks ; there is good government ; there is an intelligible principle for guiding tho affairs of the country ; and wo do believe that { -ho insincere spirit of our foreign policy is opcratm to entangle us very closely in'the schemes of
our worst enemies , and to alienate us from , our best friends ,. The events of the week show this . When England take 3 a very firm course abroad , the Emperor Napoleon is drawn from out of his retreat , and is obliged to agree with us . Wheia our Ministers politely yield , his own importunate subordinates again take up the management of affairs / . ; ' and , through the alliance , we give positive support to the intrigues of a DuMoRNr , — we assist in that enormous scheme in which Be Mount has for his accomplices Alixahder of ilttssia , Isaac Pereire , Hope , and others . English money , which has already gone to fce
wasted about schemes injurious to the trade of this country , is now to be niched away on 20 Z . shares set afloat amongst the reckless speculators of the English money-market on the fiction of constructing impracticable railways in Russia , but really for the purpose of creating a great Russian stock . It is by the ' good understanding' which our Government keeps up with the courts of those vulgar persons , Alexa . xi > kr of Russia , and Francis Joseph of Austria , that schemers likeDE Mobny , of the Cupel-court order , are made men of very high rank , are allowed the facilities of Imperial position in order to push their bubble schemes . An honest scheme would have been
aboveboard , the conditions stated , the shares offered for purchase by business men in an open way . The Income-tax vas originally an auxiliary to the institution of Free-trade in this country , it was kept on , doubled to meet the war expenses , kept on double ; . and we are to go on paying that double tax , -while ' peace' with Russia , and the equivocating terms on which we stand with all the parties to the Treaty of Pai'is , facilitate the giant adventurers in taking awny the money that the Englishman would use to pay his Income-tax !
The English people will not be voiy slow to discover this connexion between , tho foreign policy of our Governments and the iniquities of the Income-tax . If - \ vc should have another war , it would be an excuse for tripling the tax 5 but wilh that attempt we should have war at home as well as abroad , and the discord of the English people
might perhaps afford the opportunity in which Alexander , Francis Joseph , Ferdinand of Naples , I ^ jremuick . of Prussia , and somebody else , might arrange their little matters ; entirely depriving England , and England's true friends—Belghun , Piedmont , and the honest people of France—of uny conceivable advantages obtained by the late war .
The only result would then be that the Svixajs would retain that Order of the Garter with which our Gazette announces that he has been ceremoniously invested this week .. If even that were so , for there might be then no Sultan in existence to wear the Garter . A Russian sloop of war has been firing on an English gun-boat in the Sea of Azof ; and although it is said this week tLat Russia wi 31 give up the Island of Serpents , she sticks to Bolgrad , which keeps her so far on the way towards Constantinople . Sir James OtTBAM has left England this week to take the command of the Anglo-Indian force against Persia in Herat . The Constitutioiiml explains that the French officers have not been guilty of the , conduct ascribed to them by the Morning Post . We suspect that the writer of that article was too well informed to be , suddenly set aside by the dictum of the Constitutionnel . We are assured , however , that M . Bourbe has poured into the Shah ' s ear advice favourable to this country , and -very unfavourable to the attack upon Herat ; while the French officers in the Persian army are only individual adventurers , fox whom the French Government is not answerable . In that case , of course , the French Government would have nothing to say if M . Buhler were shot as a cosmopolitan spy in the service of our enemies . Our c ontemporaries are surprised by the fact that the Presidential electors nominated by the majority of states in the American union are instructed to elect Mr . Buchakan . Our ownreaders will not be surprised at the event . Nor need our contemporaries have been so , if they lmd not allowed their own alien wisli to blind them to the obvious facts in America . At home we havo the confirmation of the Bishop of London , and the confirmation of Sir Alexander Cockburn , as Chief Justice of the Common Pleas . It will be well if the Bishop prove as strong a man as the Judge . It is understood that a peerage is at Sir Alexander ' s disposal , whenever he shall "bo inclined to take it . The appointment has given very general satisfaction to the public , and we know that it is universally popular with the bar . A proof of this was shown the othcr ^ cvening in the Middle Temple . Ilnll , where he was received with ringing cheers ' , from the students as well as tho bar 5 young opinion as well as confirmed opinion ratifyingtho selection . Tho reception was so unusual that it caused a visible effect on the * feelings of the ntsyr v -I s
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Citation
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Leader (1850-1860), Nov. 22, 1856, page 1, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/cld_22111856/page/1/
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