Isaac Saunders Leadam, Dictionary of National Biography (1901)
“ Bright had, in fact, at Liverpool, on 1 Dec. 1859, propounded a scheme of taxation in an address to the Financial Reform Association, towards which the liberal budgets were evidently tending. The income tax, the assessed taxes, except the house tax, the tax on marine and fire insurances, and the excise on paper were to be repealed; all duties abolished, but those on wine, spirits, and tobacco, and a tax of eight shillings per 100l. of fixed income substituted. This proposal for a financial revolution alarmed the tories; but, as Cobden told him (16 Dec) , it alarmed the middle class as well. ”
