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MERTHYR 7 YDVIL, SATURDAY,…

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MERTHYR 7 YDVIL, SATURDAY, June 8, 1833. It will be seen by the parliamentary report, that Mr. Secretary STANLEY'S first resolution as to Colonial Slavery passed unanimously in the House of Commons on Monday night last. Although we concur entirely in the verbal amendments so judici- ously suggested by Sir ROBPRT PEEL, yet we must express our satisfaction at the manner in which the vote was adopted, and above all at the means which led to the result. It appears that his Majesty's Ministers have been induced to admit a more equitable view of the compensation due to their fellow-subjects who may have invested their money in the acquisition of West Indit estates, or advanced it in securities thereupon. We refer with satisfac- tion to what has passed in Parliament on this sub- ject, and particularly to the speech of the Earl of RIPON in the House of Lords on Tuesday last, and of Lord SANDON in the Commons on Monday. There seems reason to expect that a grant of twenty millions, and moreover a loan of ten millions, upon fair and reasonable terms, will now be allotted to the holders of West India property, instead of the loan of fifteen millions, which had been proposed to them by Mr. STANLEY upon conditions that rendered it worse than mockery. It may be true that the Committee of the West India body, in asking for forty-fonr millions, proceeded upon a calculation too fa vourab Ie to their clients; but titirely Mr.Secretary STANLEY knew before, as well as lie knows now, that the West India body would be treited with injustice unless they should obtain real assistance to the extent of thirty millions. Then why should he make them this unworthy offer of fifteen millions, which could answer no other object than to retain for a time, and for a very short time, the dregs of departing popularity? In naming Mr. STANLEY, of course we do not intend to attack an individual, we mean his Majesty's Ministers; and true it is that their dealings in this colonial question have given too much indication of that want of honesty and plain dealing- of which the people begin to accuse them. We hear suspicions revived pretty loudly, and we do not find it easy to shut our ears to them, that no inconsiderable object of our Minis- ters, in their plan of Parliamentary Reform, was to obtain strength in certain parts of the kingdom, where it appeared to their judgment at least that according to the ancient scheme of representation, the great Whig families had not enough to say. A great majority of the people gilVe their sup- port with enthusiasm to these Ministers, as the authors of Parliamentary Reform; but why? because the people were tol(i that these Minis- ters would relieve them from all the burden of taxation as soon as they could get a Reformed Parliament. The working classes throughout the United iiingd,), and in no place more than Merthyr, know and feel that they never suffered so much depression, and so many privations, as during the unnecessary agitations which our Ministers excited by way of carrying their Reforni Bill. The people bore all this under the hope of the great relief which- they had been told to expect; but now they ask, and we only repeat the question, What have these men done to relieve us, and what are they doing? We shall be told, no doubt, by the adherents of government, that they havejust taken off a great amount of taxes, and that it is impossible to do more without injury to the public credit. True it is, that by Lord ALTHORV S budget of this year, taxes to the amount of about fifteen hundred thou- sand pounds in the ptcvious revenue arc to be re-, linquished. We admit, moreover, that no national object is more important to the temporal interests of every individual than to maintain public credit; but we are at a loss to perceive how this truism can be brought forward in support of his Majesty's pre- L sent advisers. The question still retmins, How will this budget relieve the people? The amount of taxes taken off by it is made up mainly of two great items we mean half the former duty upon soap, and a trifling duty upon raw cotton which was imposed by the present Ministry in 1831. Now, as to the for- mef, Russia merchants doubtless will profit by it by the rise of the price of tallow; but how this can be called a relief to the industrious classes we cannot divine it seems to us not unlikely that any little re- duction which they may find in buying their soap will be more than balanced by the increased price of their candles and as to the reduction of the duty upon cotton, we have never heard it contended by the wannest advocate of Ministers that one yard more will be manufacted, or that the consumer will perceive the slightest reduction of price in conse- quence of it. Nobody will gain by this reduction of the tax on cotton but some of the wealthy con- stituents of MR. POUIJETT THOMPSON at Manches- ter, or their correspondents at Liverpool, and the SLAVE-OWNERS in the United States.

Tllu IRON AND ST HE I TRADE.

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--THE LATEST LONDON - INTELLIGENCE.…

AGRICULTURE, COMMERCE

pilICES OF SHARES—.Thursday

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