TWO:The Budget was brought forward on the 13th of February. It proposed to continue the income tax, which experience had shown to afford a means of supplying the place of taxes repealed, until such time as the revenue should recover itself. The Minister then unfolded his scheme, which formed no unworthy complement to his great Budget of 1842. It proposed a reduction in the sugar duties, which could not be calculated at less than 1,300,000, and was expected to lower the price to the consumer by about 1-1/4d. a pound. The Minister then proceeded to refer to a list of articles, 430 in number, which yielded but trifling amounts of revenue, and many of which were raw materials used in the various manufactures of the country, including silk, hemp, flax, and yarn or thread (except worsted yarn), all woods used in cabinet-making, animal and vegetable oils, iron and zinc in the first stages, ores and minerals (except copper ore, to which the last Act was still to apply), dye stuffs of all kinds, and all drugs, with very few exceptions; on the whole of these articles he proposed to repeal the duties altogether, not even leaving a nominal rate for registration, but retaining the power of examination. The timber duties generally he proposed to continue as they were, with the one exception of staves, which, as the raw material of the extensive manufacture of casks, he proposed to include with the 430 articles, and to take off the duty altogether. On these articles the loss amounted to 320,000. The next and most important relief in the whole proposition was the article of cotton wool, on which the Minister proposed also to reduce the duty altogether, and on which he estimated the loss at 680,000; and these constituted the whole of the proposed reductions of the import dutiesthat is, sugar, cotton wool, and the numerous small articles in the tariff. The next items of reduction proposed were the few remaining duties on our exports, such as china-stone, and other trifling things, but including the most important article of coals, on which the duty had been placed by the Government, and at the result of which Sir Robert Peel candidly avowed his disappointment. The duties he estimated at 118,000. He then passed on to the excise duties, among which he had selected two items of great importance for entire repealthe auction duty and the glass duties. By a repeal of the auction duty he estimated a loss of 300,000; but as he proposed, at the same time, to increase the auctioneer's licence uniformly from 5 to 15 (making one licence answer for all purposes, whereas, at that time, several licences were often necessary to the same party) he expected from 4,000 auctioneers an increased income, so as to reduce this loss to 250,000. On the important article of glass he gave up 642,000. These constituted the whole of his proposals; and the surplus of 2,409,000 was thus proposed to be disposed of:Estimated loss on sugar, 1,300,000; duty on cotton repealed, 680,000; ditto on 430 articles in tariff, 320,000; export duty on coal, 118,000; auction duty, 250,000; glass, 642,000. Total, 3,310,000.
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FORE:The year 1843 opened amid gloom and depression. The newspapers published the fact that the revenue for the quarter ending on the 5th of January, as compared with the corresponding quarter of the previous year, had decreased no less than 940,062, occasioned mainly by diminished consumption of articles used by the industrial classes of the community; and the Times remarked, "It appears to us very clear, whatever our Free Trade friends may say, that any alteration which may be made in the Corn Laws ought not to be made irrespective of financial considerations: we cannot at these times afford to throw away revenue." In the same paper appeared a statement that flour was 30 per cent. dearer in London than in Paris. The Queen opened Parliament on the 2nd of February, and the Speech delivered from the Throne regretted the diminished receipts from some of the ordinary sources of revenue, and feared that it must, in part, be[506] attributed to the reduced consumption of many articles caused by that depression of the manufacturing industry of the country which had so long prevailed, and which her Majesty had so deeply lamented. But it suggested no measure of relief for the people.
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FORE:These were measures which must have greatly irritated the American colonists. They exhibited a disposition to curb and repress their growing energies between the interests of British merchants and British West Indian planters. The prospect was far from encouraging; whilst, at the same time, the English Ministers, crushing these energies with one hand, were contemplating drawing a revenue by taxation from them on the other. Britain argued that she sacrificed large amounts in building up colonies, and therefore had a right to expect a return for this expenditure. Such a return, had they had the sagacity to let them alone, was inevitable from the trade of the colonies in an ever-increasing ratio.
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FORE:He was proceeding in all apparent safety when, approaching the village of Tarrytown, three militiamen suddenly sprang forward, and, seizing his bridle, demanded who he was. Andr, being on neutral ground, exceeded his former incaution, and instead of ascertaining whether the men were Americans, in which case Arnold's pass was his security, he asked the men who they were, and being answered "From below," which was the pass for New York, replied, "And so am I." By this, discovering that he was a British officer, the men began to search him, and soon made prize of his fatal papers. Warned in time, Arnold escaped on board a British man-of-war. But very different was the fate of Major Andr. General Clinton, the moment he was aware of his arrest, sent a letter to Washington, stating that Andr had gone on shore under a flag of truce, and, at the time of his arrest, was travelling under a pass from Arnold, the commander of the district. Clinton therefore requested Washington to liberate Andr immediately. To this letter Washington did not reply till after a lapse of four days, and after the board of officers appointed for the purpose had declared Andr a spy. He even rejected the last prayer of the gallant soldier that he might be spared the gibbet, and had him hanged.
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