native industry. Far later in point of time were our fields broken up, our moors reclaimed, our morasses drained; and the prosperity of Scotland, great as it has been, can hardly be reckoned as of older date than the last seventy years. Glasgow, the largest city of Scotland, the second city of the United Kingdom, rose to its present high wealth and distinction by its colonial connexion within a comparatively recent period. Our counties and our towns are alike interested in this matter. The "transition state" of suffering which our opponents now affect to have foreseen as the inevitable result of their measures--though they took especial care to conceal that revelation from every human eye--is more than beginning to make itself felt in the latter: in the former, it is evident and undenied, and already, I am sorry to say, in our remote Highland districts the work of desolation has begun. They may call it peace if they please; it is not peace, alas! it is solitude. (Hear, hear.) Now, there are certain things you have imported from Scotland for which perhaps you may not thank us very much, and one of those things is a certain race called Political Economists. (Hear, hear, and laughter.) I do not, however, wish to include among the number the father of political economy, Adam Smith, now in his grave three-quarters of a century, who wrote at a time and under circumstances very different from those in which we are at present placed. I observe that Mr Cobden is going about the country with the works, as he says, of Adam Smith in his hands, and favouring the public with his comments on those works; but I hope those comments will be taken by the public, as I take them, at their true value--estimating the quality of the text at a different ratio from the perverted interpretations of the expounder. There is another Scottish Political Economist, Mr M'Culloch, who has written a great deal on the subject of the corn trade, and who has been hitherto, during his long life, a decided enemy to all restrictive duties; but who, I believe, is now discovering at the last hour, that he has been going too fast in his views, and that the total withdrawal of protection is not likely to do all the good which he had at one time anticipated from it. Then, there is another gentleman, who is an ornament to the present House of Commons--the illustrious Mr Macgregor, (roars of laughter,) the gifted and infallible seer, who won the suffrages of a benighted city by telling its electors from the hustings that the nation was to increase in wealth, under the free-trade system, at the rate of precisely L.2,000,000 a-week. (Hear, hear, and laughter.) That was to be the national gain; a gain in which we were all to participate the moment the corn laws were swept away. Mr Macgregor also told the people of Glasgow that in this matter he was the political tutor of Sir R. Peel, (hear, hear, and laughter;) that he, the two million