For the coming year his estimated expenditure, he said, would be £52,157,696, and his estimated receipts would yield, he hoped, a surplus over that of £94,304. Sir Charles Wood’s strongest points were that every effort would be made to keep current expenditure within current income, and that instead of using small surpluses to remit small sums of taxation, they would be kept as the nucleus of large surpluses, for the reduction of large amounts of taxation. The Radicals and Financial Reformers were not satisfied with Sir Charles Wood’s long list of objectionable taxes that had been removed. In spite of all that, expenditure increased--and what was worse, there was a steady increase in permanent burdens on the revenue, in the shape of charges for the Public Debt. Mr. Hume demanded that Excise be done away with, and that the example of Sir James Graham, who reduced the expenses of the Admiralty by £1,200,000, be followed. Mr. Milner Gibson attacked the paper duty, the newspaper stamp duty, and the tax on advertisements, as taxes on knowledge; and he cited the petition of the Messrs. Chambers of Edinburgh, who declared that the paper duty had stopped the continuance of a work for the humbler classes which they were bringing out, and of which there had been a sale of 80,000 copies. Everybody wanted some special duty repealed, either that on hops, bricks, soap, beer, malt, tea, or timber. The Budget was felt to be unsatisfactory, for, as Mr. Cobden said, it made the two ends barely meet. At the close of the Session (20th of July) Mr. Herries supplemented this discussion by starting another question--that of raising some portion of the supplies of the State by a fixed duty on corn. The Protectionists argued that Sir Charles Wood’s estimates were too sanguine, and that more taxes must be imposed on the people, unless a small duty were put on foreign corn. This was not to be a protective duty, but one merely for revenue purposes, and as such surely it was justifiable. It would be only a tax on food in name; in fact, the defence of the proposal was like the Irish vagrant’s apology for the existence of her baby--“Please, sir, it’s only a very little one.” Of course the Free Traders sprang upon Mr. Herries with great glee. The Tories were going round the country promising the farmers Protection. But when they came to the House of Commons all they ventured to ask for was a small fixed duty on corn, which was to be levied not for protective but for revenue purposes. The position was an awkward one for Mr. Herries. Either his small fixed duty did or did not raise the price of corn. If it did, he was deceiving the House of Commons. If it did not, he was deceiving his clients among the farmers. His move was obviously one for putting heart into a desponding faction.