thus permanently injure yourselves also." Towards the close of that most able address, he taunted Lord John Russell with having "made an appeal to public feeling, on account of cheap sugar and cheap bread. My firm belief is, that the people of this country have not at all responded to this cry!" Sir Robert was right, and Lord John was wrong. The country repudiated the "cry;" and, in spite of desperate exertions on the part of the Government, returned an overwhelming majority, pledged to the support of agricultural protection. Lord John was instantly swept away by it, and Sir Robert floated proudly into his place. Let us, however, with a sigh over the past--a sigh over the dead--turn from the departed to the living statesman of 1852. Here again we lament being unable to adopt, except occasionally, the felicitous language in which the Earl of Derby expressed himself; but here follows the pith of what he said. He had cordially concurred with Sir Robert Peel's revision of the customs duties in 1842, and in the policy of imposing duties on all the principal articles of import, not only for purposes of revenue, but also for that of levying duties, in a given proportion, to the extent to which the articles subjected to such duties admitted, or did not admit, of the expenditure of future British labour. "I thoroughly agreed in the principle understood to be there laid down as to the freest possible admission of all raw materials which formed the basis of our native industry. My lords, that system has been, to a certain extent, adopted since that period; and I cannot but think, that if we look to the whole of our financial system, there is ground for believing that it is open, in point of principle, and in point of practice, to considerable and useful revisions." Our present policy contrasts disadvantageously with that of America, which is lauded as a free-trade country,--"yet they avowedly levy high duties on those articles which compete with the produce of their own soil and industry; whereas we both admit such articles with perfect freedom, and load with inordinate taxation a certain small number of articles, entering, to an immense extent, into the necessary consumption of the masses of the community!"