it would not, we apprehend, be entirely foreign to the subject. The result, however, so far as we have yet seen, has by no means justified the experiment. Trade, instead of improving under the stimulus of free-trade, has fallen off, and a year of commercial panic and misery has been the result of the liberal nostrum. This, no doubt, is very galling to our friends of the billy-roller. Old stagers like us, who are sometimes represented as prosy, because we reverence time-honoured principles, love the constitution of our country, and defend the memory of those who were the true founders of its greatness, are supposed to feel some triumph at the aspect of the present depression, and to exult over the slough of despond in which the Whigs are left to flounder. If there be any who, judging from their own mean nature, so think of us, it is hardly worth our while to undeceive them. Bitterly indeed have we mourned over the spectacle of fraud and imbecility which the last two years have disclosed in the higher places of the land, and most earnestly do we hope that, ere long, the true-hearted people of this country will awake to a full sense of their present perilous and by no means creditable position. All the difficulties which are just now pressing upon ministers, and which, for a longer period than we can venture to calculate, must continue to environ them, are of their own creating, and are the natural effects of that unconstitutional policy which would sacrifice every thing for the mere possession of power. Do we speak truth or not? Let the Chancellor of the Exchequer answer us. What but free-trade and its concomitant schemes has lessened the revenue and increased the pauperism of the country? What but the vicious and yet invincible desire of change, consequent on a contest for popularity, has struck a blow at the prosperity, and even the existence, of our colonies, which has already reacted with fearful effect within the centre of the mother-country?