In 1826 very great depression existed in all branches of industry, in consequence of the dreadful monetary crisis of December 1825; but government stopped the crash, as Lord Ashburton has told us, by issuing £2,000,000 of old and forgotten _notes_ from the Bank of England, and then alleviated the distress by a copious issue of exchequer bills to aid the commercial interest, which soon brought the nation out of its difficulties. But since the government has been popularised by the revolution of 1832, nothing of the kind has been done. The long-protracted distress from 1838 to 1841, and the dreadful suffering of 1847-8, have been alike unable to extort for British suffering one farthing in aid of the national industry from the Chancellor of the Exchequer. The principle _laissez faire_ has prevailed alike over the strongest claims of justice and the most piteous tales of suffering. Government seems resolved that the nation shall drain the lees of free-trade to the dregs, and taste it in all its bitterness. It is no consolation to suffering British industry to see that £10,000,000 was in one year voted to suffering Irish idleness, and £20,000,000 in another to the grand step in West Indian ruin. The people see that the first was yielded to terror, the last to fanaticism; and the melancholy conviction has forced itself on every mind that government now yield to nothing but the strongest pressure from without; and that the doors of the Treasury will be opened only to the fierce demand of threatened high treason, or the reverberated echoes of wide-spread delusion.