ONE:The next day, the 8th of July, Louis a second time entered his capital, escorted by the National Guard. Fouch announced to the two Chambers that their functions were at an end; but they still declared themselves sitting in permanence. But General Desolles, commander of the National Guard, proceeded to close the Chambers. He found both of them deserted, and locked the doors, and put his seal upon them, setting also a guard. Soon afterwards the members of the Chamber of Representatives, who had only adjourned, began to arrive, but were received with jeers by the Guards, which were eagerly joined in by the populace, and they retreated in confusion. Fouch, in reward for his politic private correspondence with the Allies, was reinstated in his old office of Minister of Police, and the government of Louis recommenced in great quietaffording the French much more real liberty than they had enjoyed either under Buonaparte or the factions of the Revolution. And thus ended the celebrated Hundred Days from the landing of Napoleon to his second exclusion.
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 It proposed to continue the income tax, which experience had shown to afford a means of supplying the place of taxes repealed, until such time as the revenue should recover itself.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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