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to be welcomed with great complacency by Earl Grey and his friends; for who could doubt what Earl Fitzwilliam was about to say on the subject of a Protectionist Ministry? Of course he was going to denounce, as absurd and impracticable, their attempt to govern the country, and to predict, in comfortable terms, the immediate resumption of office by their predecessors. But alas! what blank surprise and mortification overspread their countenances – with the exception of the Marquis of Lansdowne – when the liberal Earl proceeded to administer a stern and forcible rebuke to Earl Grey for having risen to make such a speech as his, "after the ample, frank, and honourable manner in which the noble lord at the head of the Government had stated to the House the position in which he stood, and the circumstances under which he had been induced to undertake the great task of forming an Administration!.. I lament also, my lords, that the noble Earl, instead of taking a comprehensive view of the speech of the noble Earl [Derby,] had chosen to single out one particular topic, and that the most exciting of all… I do not think the noble Earl was entitled to animadvert as he has done, upon the speech of my noble friend." After briefly expressing his own well-known views on the subject of corn-laws, and charging both the contending parties with entertaining and fostering delusions on the subject, he proceeded to declare "the great satisfaction with which he had heard one part of the speech of the noble Earl at the head of the Government – that in which he announced that he should not carry on the bill of the late Government for altering the Parliamentary representation, because, I believe," continued Earl Fitzwilliam, "it will not do for the Government to be continually tampering with constitutional rights. And with respect to the new Government, generally, I hope there will be no factious opposition to the measures which they intend to propose; and I think that the noble Earl has been unfairly called upon to make, within so very short a period, a farther declaration of the principles on which he intends to carry on the Government. I shall regret to see any sort of opposition which many persons out of doors will be disposed to characterise with the epithet —factious." The Marquis of Clanricarde upon this rushed to the rescue of his discomfited friend – to "protest against the censure which my noble friend has thought fit to pronounce upon the noble Earl near me;" but the feeling of the House was manifestly with Earl Fitzwilliam, who had suddenly given utterance, with admirable candour, to a great amount of that public opinion, which has so decisively pronounced, for itself, "out of doors." When Lord Clanricarde sate down, two grey-haired peers rose together, at the opposite end of the Opposition side of the House – the Earl of Aberdeen and Lord Brougham, but the latter readily gave way; on which Lord Aberdeen, who spoke with unusual earnestness, and very impressively, declared his determined adherence to the corn-law policy of the late Sir Robert Peel, and that he should oppose any attempt to re-impose duties, under the name of either protection or revenue. He proceeded then to say, and with emphatic cordiality of manner, that he entirely concurred in every other part of the Earl of Derby's speech, especially, as we have already seen, that relating to foreign policy. "I can assure my noble friend," said Lord Aberdeen, in conclusion, "that I am fully aware of the difficulties which he has to encounter; and he may rely on receiving from me, whenever it is in my power, a cordial and most sincere support" – an announcement giving evident satisfaction to the House. Lord Brougham then rose again, evidently in a very friendly spirit towards the Earl of Derby, to express his great gratification at finding that the multifarious public and private business before Parliament was not to be interrupted by "an early dissolution, which was out of the question;" and that the subject of the corn-laws must be postponed till after the general election. He had risen, however, to ask only one question – whether the measures for law amendment could not be at once proceeded with? The Earl of Derby rose with alacrity, to answer in the affirmative; adding, "I am sure that my noble and learned friend will agree with me, that when the Lord Chancellor [Lord St Leonards] takes his seat in this House, he will apply his vigorous powers of mind to the careful consideration of all those measures which have been recommended by the commissioners." How satisfactorily that pledge was redeemed on the very first night that Lord St Leonards presided in the House of Lords, viz., on the 12th March, our readers must be well aware. A more important speech than that which the new Lord Chancellor then delivered, has rarely been heard from any one of his predecessors; assuring the country that his vast practical knowledge of the subject should be forthwith honestly and zealously applied to the effecting a thorough radical reform in the courts, not only of Chancery, but of common law.

      With the Earl of Derby's answer to Lord Brougham, the two hours' sitting of that eventful evening terminated, exactly one of those two hours having been occupied by the Earl of Derby.

      No candid person who was present when the Earl delivered his speech, will hesitate to acknowledge that it produced a deep and most favourable impression. We ourselves know that the case was such with several able and determined members of the Liberal party in the House of Commons who stood at the Bar of the House of Lords; one of whom observed, "It is certainly a great speech, and likely to do Lord Derby service with the country." Mr Villiers, however, was also an auditor of the noble Earl; and might have been seen rushing from the House of Lords, and by-and-by in eager and excited conversation with that great statesman Mr Cobden; the result of which was that absurd notice of motion which, the crude product of their joint sagacity, the former gave that evening in the House of Commons, doubtless expecting that it would produce a sensation. Such, however, was not the case: it was received with but faint indications of satisfaction by his own friends; has ludicrously failed to excite attention out of doors; and is already discarded by its astute originators! It bore upon it the glaring brand of Faction; and the country is in far too serious and stern a humour, knowing what it has at stake, to tolerate either trifling or trickery on the part of those who have too long falsified public opinion, and inflicted serious injury on several of the greatest public interests.

      Lord Derby's speech was characterised throughout by consummate discretion, and displayed a profound appreciation of the sense and spirit of the country. That great country has received him cordially, and in the spirit in which he had advanced to it. His most sanguine opponents must acknowledge that matters have not hitherto gone as could have been desired, and seems certainly to have been expected, by themselves. The Funds will not go down! and yet Lord Derby has stood on the heights, with flag unfurled, ever since the 27th February 1852 – nay, ever since the 28th February 1851! He is pledged to nothing but Principles, and has wisely abstained from gratifying his factious enemies, by precipitately pledging himself to specific measures. But such he will in due time bring forward; and that they will be in strict accordance with his principles, the whole country is sure of, for it knows the firmness, honour, and consistency of his character and conduct. It also knows, and his enemies also well know, that they have to deal, in him, with a man not easily to be daunted, by even the loudest squeaks of the penny trumpets of the Manchester Anti-Corn-Law League gentry. They may rely upon it that they cannot terrify the Earl of Derby, however otherwise it may have been with one of his predecessors. They may depend upon it that he has had ample time and opportunity during the last year to ascertain the true sources of his strength and of his weakness; to mature a policy, based on settled principles; and select able men to carry it out. He has looked his dangers steadily in the face; and without affecting to underrate them, has declared his determination to encounter them with patient resolution. Our own belief is, that he possesses more extensive resources than his adversaries are at present aware of, and will use them prudently. One of these resources consists of the conviction prevalent among the vast majority of moderate men of intelligence, that if the Earl of Derby's Administration should fail to keep its place, the inevitable alternative is a fearful revolutionary struggle, which would shake our strongest institutions to their very foundations, and convulse society. We lament feeling constrained to express our strong belief, that Lord John Russell, conscious of having forfeited the confidence of some of his most important supporters, is prepared to throw himself unreservedly into the arms of those who, he knows, and cannot but know, will force him infinitely farther than in his own recently declared opinion he asserted, and in his conscience he believes to be consistent with the safety of the throne, and the preservation of the liberties of the country. We believe that hundreds of thousands in this country take this justly alarming view of his position and purposes; and are prepared to encounter with a resolute "no!" the inquiry, whether he shall return again to power with seven spirits more wicked than himself.9

      We are writing far on in the first month of the

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