8 JULY 1843, Page 8

MORAL OF THE REVENUE-ACCOUNTS. [From the Standard, Thursday, July 6.]

The great consideration is the turn of the current. Up to the last year, the revenue had, for a succession of several years, rapidly declined. Last year there was a sort of pause in the downward stream, and we now joyfully witness the commencement of the reflux. Sir Robert Peel has not yet been two years in office, and this is our cheering prospect. Who was sanguine enough to predict so much two years ago? And yet this is a Government of which it is complained that it has done nothing; a Government that has restored the revenue from an alarming condition of decline to a state of rapid convalescence, and this concurrently with a confessed reduction in the cost of most of the staple necessaries and comforts of life. Nothing, it seems, has been dose, because nothing has been done with violence or clamour. When we have this proof of the beneficial effect of thefirm and quiet policy in one department of administration, why should we doubt that it will be equally successful in every other ? But, indeed, it is unjust to limit to financial success the trophies of Sir Robert Peel's firm and quiet style of government: do we not reap the fruits of it in our Asiatic triumphs, in the termination of our difference with the United States, and in the respectable and respected position that we hold in all our relations with the states of the Continent of Europe ? In all these regards, the state of England is reversed froni what it was under Whig rule two years ago. But still we hear that the Government has done nothing. And why is it said that the Government has. done nothing? Because Mr. O'Connell continues to rave, and because the priests, whose representative be is, air their unhappy slaves in multitudes to countenance his raving; and this though, as every one knows, the virulence of the disaffected is not one iota aggravated by the exhibitions, or their numbers augmented by a single unit. Their numbers are indeed greatly diminished, and will rapidly diminish in an increased ratio. This is the one neglect, or rather, shortcoming charged upon Sir Robert Peel's Government. Let those who make the complaint look to the effect of the firm and quiet system duringthe last two years, and wait patiently a little longer; and they will see firmness and quietness bearing away a victory in Ireland, not inferior to what they have