That the present Ministry are mainly indebted for their accession to power, to the prodigious exertions of the agricultural interest during the last general election, is, we presume, undeniable. It was talked of as their mere tool or puppet. Their first act is to lower the duties on the importation of foreign cattle! "We are ruined!" cried the farmers in dismay; and the Duke of Buckingham withdrew from the Cabinet. "This is a step in the right way," said the opponents of Ministers, "but it will clearly cost Peel his place--then _we_ return, and will go the rest of the journey, and quickly arrive at the goal of free-trade in corn, and every thing else, except those particular articles in which _we_ deal, and which must be protected, for the benefit of the country, against foreign competition." Then the Radical journals teemed with joyful paragraphs, announcing that Sir Robert Peel's ministry was already crumbling to pieces! The farmers, it would seem, were every where up in arms; confusion (and something a vast deal worse!) was drunk at all their meetings, to Peel! Nevertheless, these happy things came not to pass; Sir Robert Peel's Ministry _would_ not fall to pieces; and the curses of the farmers came not so fast or loud as their eager disinterested friends could have wished! To be serious, the alteration of the Corn-Laws was undoubtedly a very bold one, but the result of most anxious and profound consideration. A moment's reflection of the character and circumstances of the Ministry who proposed it, served first to arrest the apprehensions entertained by the agricultural interest; while the thorough discussions which took place in Parliament, demonstrating the necessity of _some_ change--the moderation and caution of the one proposed--several undoubted and very great improvements in details, and, above all, _a formal recognition of the principle of agricultural protection_, still further allayed the fears of the most timorous. To _us_ it appears, that the simple principle of a scale of duties, adapted to admit foreign corn when we want it, and exclude it when we can grow sufficient ourselves, is abundantly vindicated, and will not be disturbed for many years to come, if even then. Has this principle been surrendered by Sir Robert Peel? It has not; and we venture to express our confident belief, that it never will. He cannot, of course, prevent the subject from being mooted during the ensuing session, because there are persons, unfortunately, sent to Parliament for the very purpose; but while he is listening with a calm smile, and apparently thoughtfully, to the voluble tradesmen who are haranguing him upon the subject, it is not improbable that he will be revolving in his mind matters much more personally interesting and important to them; viz. how he shall put a stop to the monstrous joint-stock banking system frauds, as exhibited at this moment at Manchester, in the Northern and