STATE OF PARTIES.

On the dissolution of parliament both the great parties in the state—the Conservatives and Liberals—prepared themselves for the struggle which was immediately to ensue at the general election. The hopes and expectations of the two parties were essentially different. On the one hand, the Conservative party had been for some time increasing in numbers throughout the country. Their ranks had been recruited by those who had been accustomed to identify themselves with their opponents, but who believed that the time was come when the exigencies of the country demanded a strong and efficient government, and who were willing to accord to Conservative statesmen the merit of being ready to support all measures of real amendment; knowing that they only had the power of carrying such measures into effect. There were, moreover, many who although they stood aloof from the Conservative party, and professed jealous suspicion of its future policy, who were not averse to give it once more a trial in the possession of power. It was clear, indeed, that the Conservative party at this period stood the highest in the estimation of the people. The landowners and farmers were united in their favour, and the mercantile body, alarmed at the attack which had been made upon our West Indian and Canadian interests in the articles of sugar and timber, agreed, too, in an anxious desire for their return to power. The Liberal party, however, could still reckon confidently upon the support of the Radicals; and they had an advantage even from their recent defeat. The defeat happened in consequence of certain financial measures which they brought forward in their budget, which measures assumed the character of a removal of disabilities from trade. This afforded good grounds for an appeal to the people, and an attack upon monopoly. Land-owners and West Indian proprietors were styled monopolists: the former, because the legislature had imposed a duty on corn for the protection of agriculture; and the latter, because their interests were protected by a duty on sugar. In like manner it was attempted to excite popular odium against other classes, as favoured in the acquisition of wealth at the expense of the community: all who supported the Conservatives were subjected to the same charge, while the supporters of government were exultingly denominated anti-monopolists. The watch-word of the Liberal party was, in truth, “anti-monopoly;” and a strenuous effort was made to enlist popular feeling in its behalf. This cry, however, did not succeed.. Even the city of London, which had before returned four Liberals, now returned only two, which were coupled with two Conservatives. As for the elections, in the counties they went everywhere against the ministry: and in the towns and manufacturing districts the cry of “Low wages!” was raised against that of “Cheap bread!” with considerable effect. In a word, the returns proved more favourable to the Conservative party than the most sanguine among them had anticipated; and it appeared certain that Sir Robert Peel would command a stronger and more efficient majority than had supported any minister for a long period.

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