It will give you great pleasure to hear that Lord Lansdowne’s speech on Friday last on military expenditure was universally admired as a most finished performance, and has placed him very high in the first class of public speakers. It was distinguished not only by great clearness of statement and perfect knowledge of a very extensive and intricate subject, but by powers of pleasantry which he had not displayed on any former occasion. It is
1 Proposing a scheme for maintaining the value of bank notes by making them exchangeable, not for gold coin, but for standard bars of gold bullion. |
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The Income Tax |
The Ministers are determined to persist in their income tax, which they expect to carry by a majority of about 30. Many think it will not be quite so great, but that there will be a majority there seems to be no reasonable doubt. It is the strongest act of ministerial power, and the most striking proof of the inadequate state of parliamentary representation that has ever taken place in our time.