The commercial crisis of the last year may well furnish the electors of these kingdoms with some topics for their anxious and solemn consideration. That momentous and uncalled-for change in the currency, effected by the Acts of 1844, is already brought under the active notice of the legislature; and though the process may be tedious—for the whole subject-matter, it seems, is to pass through the weary alembic of a committee—we are not without hopes that the common sense of the nation will be vindicated in this important particular. Recent events, too, have somewhat shaken the faith of many in the efficacy of that celebrated panacea called Free-trade, without the promise of a foreign reciprocity. A few more quarterly accounts, with their inevitable deficits, and an augmentation of the income-tax, will serve still further to demonstrate the true nature of the blessings which we are destined to enjoy under the system hatched by Cobden, and adopted by Russell and by Peel. Even now the credit of the great free-trade apostle, formerly so extensive, is somewhat impaired by the novel views he has promulgated for contracting the expenditure of the State. The true means, as we are now told, for insuring the success of the experiment of Free-trade, are the disbandment of our standing army, and the abolition of our war navy; and pitiful stuff to this effect has actually been enunciated by the man to whom Sir Robert Peel avowed himself indebted for the most important lesson in political economy which he had learned throughout the course of a long—would we could add a consistent—career of statesmanship! Well, indeed, might some or the old friends and supporters of Mr Cobden recoil in astonishment from this display of weak and miserable fatuity! Well might they stand aghast, and even doubt the evidence of their senses, at hearing such doleful folly from the lips of their quondam oracle! If this is all the wisdom which the Manchester manufacturer has gathered in the course of his recent travels—if these are the deductions he has made, the fruits he has collected from Barcelona banquets and Leghorn demonstrations, we give him joy of his augmented knowledge of the world, his increased political sagacity, and his extended experience of the motives and actions of mankind!