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Gazette Of The United States
New York, New York County, New York
What is this article about?
On Monday, February 27, 1792 (inferred from London date), William Pitt's budget announced a flourishing exchequer, reductions in army and navy establishments, funds for national debt repayment, and annual tax relief of 200,000l., defended against popularity accusations.
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We have heard of "proud days for England!"
But what a truly proud day was Monday last for Mr. Pitt!—A flourishing Exchequer, an army and navy establishment to be reduced, and a large annual sum to be reserved for paying off the National Debt, and the public to be eased of 200,000l. annually in taxes!
The enemies of the Minister affect to say, that he takes off taxes merely to increase his popularity. That popularity should be the consequence of his having acted so admirably for the public interest, is only ascribing to the people of this country a very moderate share indeed of penetration, honesty, and common sense.
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Where did it happen?
Foreign News Details
Primary Location
London
Event Date
Monday Last
Key Persons
Outcome
tax relief of 200,000l. annually; funds reserved for national debt; army and navy establishments to be reduced
Event Details
Mr. Pitt's financial measures include a flourishing Exchequer, reduction of army and navy establishments, reservation of a large annual sum for paying off the National Debt, and easing the public of 200,000l. annually in taxes. Critics claim it is for popularity, but the text defends it as acting for public interest.