f3.3lO.0CO
{"newspaper_name": "Indiana State sentinel.", "edition": "01", "page": "p2", "byline": ""}
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On the 43o articles tales duty only retained for
the purpose Of asceraining quantities and values m
ported. On the condition Of these reductions the
property is to be retained three years longer sub
ject then to the expedency of further reductions in
Indirect taxes.


The policy of England has thus become one of en-
tire free trade. to be carried into effect by instalments
as rapidly possible. Almost all articles Of United
States production have undergone diminution,
cept Tobacco, from which the revenue is large, and
the Government that it VIII not be meddled
with. Although the Government of England has,
according 10 the announcement of Sir Robert Peel,
been negotiating with the United States for
cesSons in return for the benefits conferred on the
United States trade well the English people,
by their reductions; yet the principle of reducing
taxes without regard to the movements Of other ma
tions Is distinctly recognized and acted upon 1t is
undoubtedly that the injurious system of indirect
taxation viii ultimately be suPpanted by mpositions
upon property only.


| Since the peace of 1918, all the expenses of the
British government have been borne by the consumers
of goods and food. The result has been continued
increase in the value of money and of annutes and
decline in the real value of labor. The earnings OF
the aborng have year by year been collected and
poured the laps of the State creditors and PEN
soners For thirty years. the 10000, ,OO0 of aboring
classes have paid the 295O00 holders of government
stock $40, 0G0 per amounting to g, ,6OO,
000,000, besides nearly equal sum for carrying OF
the gOteIHhehI' lnS syseefn II HV" W oe iofoASSu
and the property-holders to support the governs
ment releasing the workmen from the burden. 1t Is
observable that the surplus taxes applied to the
ducon of duties rather than to the reduction of the
debt because the indirect taxes accompanied by
evils far greater than the continued direct payment
the. debt Very many of the duties removed pure
ly to release from vexatous restraints,
as well as to reduce the cost to consumers.


1t is certainly gratifying to observe in this bolC
movement of an English Minister the practical ad
vancement of economic science, affording 1t does
the sure guarantee of continued good understanding
with this country. England admits foreign produces
free of duty, because in time of peace they are nee
essary to her existence. How could she then carr
on a war with the United States 7