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LONGMAN AND CO.; J. M. RICHARDSON; HAMILTON AND CO.; SIMPKIN AND
CO.; J. RODWELL; HOULSTON AND STONEMAN; G. LAWFORD; J. DOWDING;
J. BUMPUS; COWIE AND CO.; CAPES AND SON; SMITH, ELDER AND
CO.; H. WASHBOURNE; H. G. BOHN; WALLER AND SON; J. THOMAS ;
L. BOOTH; W. J. CLEAVER ; G. ROUTLEDGE; G. WILLIS ; J. GREEN;
AND TEGG AND CO.

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CONTENT S.

CHAPTER I.

Re-assembling of Parliament, after the Christmas Recess, on the 3rd of February-The West India Question becomes the first subject of Discussion -Lord George Bentinck moves for a Select Committee of Inquiry-His Speech-Speeches of the Chancellor of the Exchequer, Mr. James Wilson, Mr. T. Baring, Mr. Bernal, Mr. Disraeli-The Motion is agreed to without a Division-Loan of 200,000l. to some of the West Indian Colonies proposed by the Chancellor of the Exchequer.-Discussion thereon-Unfavourable Intelligence received respecting the Condition of the West Indian Interest-Remedial Measures-Lord John Russell proposes his Plan in the House of Commons on the 16th of June-He reviews the past Legislation and existing Position of the Question at great length-The Ministerial Scheme is unfavourably received-Sir John Pakington moves an Amendment on the 18th of June, asserting the Claim of the Colonies to more effectual Relief-Speeches of Sir E. Buxton, the Chancellor of the Exchequer, Mr. K. Seymer, Mr. Hume, Lord George Bentinck, Mr. Hawes, and other Members-A warm personal Discussion arises touching the Administration of the Colonial Office-The Debate is continued by Adjournments at great length-Important Speech of Sir Robert Peel in favour of the Ministerial Measure The Amendment is rejected by 260 to 245-Several other Amendments are moved, but without success, by Mr. Bright, Mr. Barkly, Mr. Bouverie, and other Members-Lord John Russell's Resolutions are finally agreed to and embodied in a Bill, which passes through the House of Commons-Debates in the House of Lords on West Indian Affairs-Earl Grey introduces the Question discussed in the House of Commons affecting the Colonial Office, and vindicates his own Conduct-Speeches of Lord Stanley, Lord Brougham, the Marquis of Lansdowne, and other Members-Debate on the Second Reading of the Sugar Duties Bill-Speeches of Earl Grey, Lord Redesdale, and Lord Denman-The Second Reading is agreed to, and the Bill becomes Law Page [1

CHAPTER II.

.

Finance Division of Public Opinion, at the commencement of the Session, respecting the National Defences-Views of the Free-Trade Leaders on the Subject-Lord John Russell makes a Financial Statement on the 18th of February-His Speech-Detail of the Income and Expenditure-Proposition for continuing the Income Tax for Three Years at the increased Rate of Five per Cent.-Unfavourable reception of the Ministerial Statement by the House-Sir Charles Wood endeavours to propitiate the Opposition by moving that the Army, Navy, and Ordnance Estimates be referred to a Select Committee-Observations of Mr. Hume, Lord George Bentinck, and other Members-Great Agitation excited in various parts of the Country by the proposed augmentation of the Income Tax-The

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Chancellor of the Exchequer announces on the 28th that the Government

do not intend to press the Resolution for increasing the Income Tax-His

Statement of the Financial Prospects of the Country-Speeches of Mr.

Wakley, Mr. Cobden, Lord John Russell, Mr. Disraeli, and other Members

-The public feeling is turned by these discussions to the unequal pres-

sure of the Tax as then existing-Mr. Horsman proposes a Plan for gra-

duating the Tax in respect to different kinds of Property-The Chancel-

lor of the Exchequer and Lord John Russell oppose the Motion-It is re-

jected on a Division by 316 to 141-Mr. Hume moves that the Tax be

renewed for One Year only, instead of Three-Sir Charles Wood opposes

the Motion-General Discussion on the Income Tax-Sir Robert Peel de-

fends his own Measure and Policy-He is answered by Lord George Ben-

tinck—Mr. J. Wilson defends, in an elaborate Speech, the Free-Trade

Measures of Sir Robert Peel-Mr. Disraeli argues on the other side-Mr.

Gladstone vindicates the recent Commercial Changes in an able Speech-

Speeches of Mr. Cobden and Lord John Russell-The Debate, after two

Adjournments, ends in the defeat of Mr. Hume's Motion by a Majority of

235-Sir B. Hall moves that the Income Tax be extended to Ireland-

Summary of his Arguments-It is opposed warmly by the Irish Members,

and resisted by the Government-Majority against it 80-Unsatisfactory

position of the Finances, with an anticipated Deficit-The Chancellor of

the Exchequer promises to make a definite statement before the close of

the Session-On the 25th of August he enters fully into the state of the

Revenue, and announces his plan for supplying the Deficiency-Proposi-

tion to raise 2,031,2267. by a Loan-Dissatisfaction created by this Pro-

posal-Mr. Hume strongly objects, and again urges retrenchment of the

Expenditure He renews his objections on the 29th, when the Bill for

giving effect to Sir Charles Wood's Plan is before the House-Speeches of

the Chancellor of the Exchequer, Mr. Henley, Mr. Drummond, Mr.

Spooner, Mr. Cobden, Mr. A. Smith, and Lord John Russell-Mr. Hume's

[33

Motion for rejecting the Bill is negatived by 66 to 45, and the latter is

passed

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Alteration of the Navigation Laws-Announcement respecting them in the

Queen's Speech-Mr. Labouchere, on the 15th of May, explains the Mi-

nisterial Scheme in a Committee of the whole House-His Speech-Lord

George Bentinck declares his Opposition to the Plan, which is commented

upon by various Members on either side-Mr. Herries moves a Resolution

on the 29th of May, in favour of maintaining the fundamental principles

of the Navigation Laws-The Debate is prolonged for three nights by Ad-

journment-Speeches of Mr. Herries, Mr. Labouchere, Mr. Alderman

Thompson, Mr. Baillie, Mr. Robinson, Mr. Gibson, Mr. W. E. Gladstone,

Mr. Cardwell, Sir C. Wood, Lord George Bentinck, Mr. Cobden, Mr. Dis-

raeli, and Sir Robert Peel-Upon a Division, the Resolution is lost by.

294 to 177-In consequence of the delay which had occurred, Mr. Labou

chere, on the 12th August, announces the Postponement of the Measure

till the next Session-Jewish Disabilities Removal Bill-Circumstances

which led to the Introduction of this Measure-The Second Reading

being moved on the 7th February, Mr. Augustus Stafford moves, as an

Amendment, that it be read a Second Time that day Six Months-Lord

Burghley seconds the Amendment-Speeches of Mr. W. P. Wood, Mr.

Milnes, Sir W. Molesworth, Lord Mahon, Mr. Walpole, Mr. Shiel, Mr.

Newdegate, Sir Robert Peel, and other Members-The Second Reading is

carried by a Majority of 73-Upon a subsequent stage, Mr. Goring moves

an Amendment condemnatory of the Bill-After some Discussion it is

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