Dominick Daly, Esq., succeeded Governor Bannerman, and arrived on the island on the twelfth of June, 1854, and was received by all classes with much cordiality: addresses poured in upon his excellency from all parts of the island. A few days after the arrival of the new governor the election took place, and was, as anticipated, unfavorable to the government, which, to its credit, resigned on the twentieth of July,—intimation to that effect having been communicated to the governor by the president of the executive council, John M. Holl. A new government was formed, and the house assembled in September, in consequence of the ratification of a commercial treaty between the British and United States governments, and the withdrawal of the troops from the island,—circumstances which required the immediate consideration of the assembly. The session was a short one, the attention of the house being directed exclusively to the business for the transaction of which it had met. An act was immediately passed to authorise free trade with the United States, under the treaty which had been concluded. The measure opened the way for the introduction into the island, free of duty, of grain and breadstuffs of all kinds; butter, cheese, tallow, lard, etc., in accordance with a policy which has been found to operate most beneficially in the countries where it has been adopted. Great Britain declared war in this year against Russia; but, beyond the withdrawal of the troops and the advance of the prices of breadstuffs and provisions, the island was not affected by its prosecution. The Worrell Estate, consisting of eighty-one thousand three hundred and three acres, was purchased by the government at the close of the year 1854,—the price paid for the property being twenty-four thousand one hundred pounds, of which eighteen thousand pounds were paid down, and the balance retained till the accuracy of its declared extent was ascertained.