But how is the spirit of expenditure to be exorcised? Not by preaching; I doubt if even by yours. I seriously doubt whether it will ever give place to the old spirit of economy, as long as we have the income-tax. There, or hard by, lie questions of deep practical moment.
Letter to Richard Cobden (5 January 1864), quoted in The Life of William Ewart Gladstone Volume II (1903) by John Morley, p. 62