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The Whigs, I hear, were the Liberals of those days. The two Pitts were Tories. The greatness of England has been built up by the Tories. I do and will defend them: it is the fashion to decry them now. They have the honour and safety of the country at heart. They do not play disgracefully at reductions of taxes, as the Liberals do. They have given us all our heroes. Non fu mai gloria senza invidia.
He mastered his rising pride and resentment and did it; and though he found it a hard task to go through with his reductions at next rent-day, yet he did it.
In the strongest Unions the central control is absolute in reference to the more important objects of union, the pressure for higher wages, shorter hours, and other industrial advantages, or the resistance of attempts to impose reductions of wages, &c.
The ignoramus who has not followed it through its changes and reductions cannot recognize it when it is presented to him in its lowest condition; but any one who has carefully observed it throughout, knows that it is, in point of fact, the same machine still. This, then, is what we are now going to look at together, my dear little girl.
He can never forget, that, with them alone, of regular troops, he had the good fortune to maneuver before an army, which, after all its reductions, was still six times more numerous than the regular force he had under command."
Customs duties were also removed from nearly all so-called revenue articles, as spices, tea, and coffee, not produced in this country the tax, therefore, not being of a protective nature. Slight reductions were, indeed, made in protective duties, first in 1872 replaced, however, almost entirely in 1875 and again in 1883.
Those who are starting an agitation for a reduction of tariff duties, partly at least for the benefit of those to whom money has been lent abroad, ought to know that there does not seem to be a very large field within the area of our imports in which probable reductions would be advantageous to foreign goods.
I have given such orders to Sir John D'Oyly as will enable him to propose to you such reductions of the pensions and other allowances, and such a distribution of the variable expenses, as shall be proportionable to the total sum of your monthly income; and I must request you will conform to it."
If these received a bite, the host would die and so would they. Towards the end of their growth, prudence and discretion being no longer essential, they make a complete clearance of the victim, leaving only the skin, which will serve them for a shelter. One satisfaction is vouchsafed me in these horrible orgies: I see that the Tachina in her turn is subjected to severe reductions.
But owing to the rise in the value of gilt-edged securities, Irish Land Stock, with a face value of £100, became at one moment worth as much as £114; the purchaser's interest was at 2-3/4 per cent. i.e. the existing rate on Consols; but his instalment, prospectively fined down by decadal reductions, enabled him to offer an acceptable price and yet pay far less to the State, by way of instalment, after purchase than was due to his landlord, by way of rent, before purchase.
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