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Newspaper
Evening Mail
Location
London, Middlesex, United Kingdom
Date
Dec 03, 1798
Page
3
In a heated exchange, critics challenge the proposed annual wealth tax as unequal and risky, arguing it would disclose property, shift ownership, and burden landholders and widows alike. Proponents cite sinking fund savings and war accountability, while Parliament weighs future budgets, military costs, and peace prospects.
Reports from Amsterdam dated the 24th Ult. claim France seeks twenty million Guelders from the Dutch to cover Bel gian rebellion costs. The sum, about 1.8 million pounds sterling, prompts scrutiny as Lord Cathcart hosts a Windsor ball with royal attendance. In Parliament Mr Pitt unveils a new finance plan proposing a tax.
Subscriptions to lend to the Minister reach eighty million pounds in one week as Messis and others open a fifth Lift, while Edinburgh and Glasgow merchants discuss London resolutions. Paris prize value noted. dockside crime, escapes, and a suicide are reported. Public figures debate income taxation and wartime finance amid police and court actions.
From the London Gazette an Admiralty letter reports the Phaeton under Captain Rest stroptory pursuing and capturing the French brig privateer La Resolue of 18 guns and 70 men. It had just taken the English merchant ship General Wolfe and an American sloop from Boston to Hamburgh before recapture of the latter by the Stag. further join planned. Also notes bankruptcy notices and January dividend dates for several consignors and traders.
From the House of Commons Tuzipay December 4 Sir John Sinclair notes the thin attendance during the Ways and Means resolution debate on the income tax report. He stresses the importance of the subject and urges serious discussion as it progresses. He regrets the sparse assembly and the gravity of the issue for the people.
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