Our readers will certainly recollect that in 1848, when the Income-Tax was reimposed for the third time, the Whigs made a strenuous effort both to extend its existence and to augment its burdens. What they modestly proposed was this, that the Income-Tax should be extended over a period of five instead of three years, and that during two of these years the assessment should be raised from sevenpence to a shilling per pound. The result--which it argues the uttermost degree of imbecility in Ministers not to have foreseen--was a roar of disapprobation from one end of the country to the other; and the scheme thus foolishly broached was as pusillanimously withdrawn. Indeed, had it not been for the peculiar circumstances of the time, which rendered it exceedingly unadvisable that the stability of any Government, however weak and incompetent, should be endangered, it is very questionable whether Ministers could have succeeded in persuading the House of Commons to submit to this tax even upon modified terms. But the contents of the budget were hardly disclosed, before the roar of revolution was heard in the streets of Paris, and the Throne of the Barricades was overthrown by the self-same hands which had reared it. That evidently was not a time for the lovers of order to persist in an opposition which, if successful, might have resulted in confusion at home; so that a new lease of the Income-Tax was granted upon the same terms as before. On occasion of the first obnoxious proposition, we expressed our opinions freely with regard to the whole constitution of the tax, pointing out both its injustice and its impolicy, in an article to which our readers may refer for the more general argument.[52] But there are one or two points with which we must separately deal.