"I have for several years endeavoured to obtain a compromise on this subject. The result of resistance to qualified concession must be the same in the present instance as in those I have mentioned. It is no longer worth while to contend for a fixed duty. In 1841 the Free Trade party would have agreed to a duty of 8s. a quarter on wheat, and after a lapse of years this duty might have been further reduced, and ultimately abolished. But the imposition of any duty, at present, without a provision for its extinction within a short period, would but prolong a contest already sufficiently fruitful of animosity and discontent. The struggle to make bread scarce and dear, when it is clear that part, at least, of the additional price goes to increase rent, is a struggle deeply injurious to an aristocracy which (this quarrel once removed) is strong in property, strong in the construction of our Legislature, strong in opinion, strong in ancient associations and the memory of immortal services."
The Cabinet met again on the 25th, when Sir Robert Peel informed his colleagues that, in the position of affairs, he could not abstain from advising the immediate suspension, by Order in Council, of the restrictive law of importation, or the early assembling of Parliament for the purpose of proposing a permanent change. Lord Aberdeen, Mr. Sidney Herbert, and Sir James Graham supported him. The Duke of Wellington gave a reluctant adhesion. It then became known that Lord Stanley had withdrawn from the Ministry, and it was believed that the Duke of Buccleuch intended to follow his example. The majority of the Cabinet had decided in favour of a permanent reduction in the sliding scale; but the position of the Minister was now too uncertain for him to attempt to carry through his measures. A resignation was the only step which could show the true strength of parties, and determine who would and who would not follow the Minister in that course which, if he was to return to power, he had finally resolved to take. On the 5th of December he announced his determination to her Majesty, and the public learned that the Peel Administration was at an end.
Lord John Russell was immediately summoned from Scotland, and on the 11th arrived at Osborne, where he received her Majesty's commands to form a Government. On the ground that his party were in a minority in the House of Commons, Lord John Russell at first declined the honour presented to him; but on a paper being placed in his hands by the Queen, in which Sir Robert Peel promised, in his private capacity, to aid and give every support to the new Ministry in settling the question of the Corn Laws, he undertook the task. There was no amicable feeling between the new and the retiring Minister. Lord John Russell's letter, published a few days before, had excited as much attention for its bitter sarcasm against Sir Robert Peel as for the important change in the Whig policy which it announced. Lord John Russell held communication with the late Government, but through Sir James Graham. It was of importance to him to know more clearly the nature of that support which Sir Robert Peel's memorandum seemed to promise; and he was, therefore, anxious to know what the latter would consider a satisfactory settlement. This proposal, however, to the late Minister to become responsible for the measures of his successors was declined. Sir James Graham communicated to Lord John Russell the information as to the state of the country on which they acted; but Sir Robert Peel, through his colleague, declined to state the details of the measures which had lately been contemplated. Lord John Russell then gave, in writing, an outline of the measures which the new Cabinet would propose, and invited the opinion of the late Minister. Sir Robert Peel, however, still declined to take part in the plans of his opponents; and in a letter to the Queen, on the 17th of December, he stated the constitutional grounds on which he considered it improper that any one, not an adviser of the Crown, should take a part in the preparation of Ministerial measures. Lord John Russell thereupon immediately proceeded with his negotiations with his own party. It soon, however, appeared that the task he had proposed to himself was beyond his power. Earl Grey, who had agreed to take the Secretaryship of the Colonies in the new Ministry, suddenly declared that he would not join any Administration in which Lord Palmerston should hold the office of Secretary for Foreign Affairs. This unexpected accident was regarded by Lord John Russell as decisive. On the 20th of December he communicated the facts to the Queen, and begged to be relieved from the task he had undertaken.
On the day before her Majesty had desired to see Sir Robert Peel, to bid him farewell; but before he had set out for Windsor he had learnt the circumstances of the failure of the Whig leader to form a Cabinet; and as the result of his interview with the Queen he returned to London to resume the reins of Government. His position was greatly strengthened. Of his late Cabinet, Lord Stanley alone insisted on retiring, his place at the Board of Trade being filled by Mr. Gladstone. The baffled Whigs and the discontented monopolist party threatened a formidable combination; but, as regarded the Ministry itself, the change of policy was effected with far less sacrifice than might have been expected, considering all the circumstances of the case.
Parliament reassembled, according to the Minister's plan, at the unusually early date of the 22nd of January, 1846. The Queen's Speech, read by her Majesty in person, thus alluded to the topic most prominent in the public mind:—
"I have to lament that, in consequence of the failure of the potato crop in several parts of the United Kingdom, there will be a deficient supply of an article of food which forms the chief subsistence of great numbers of my people.
"The disease by which the plant has been affected has prevailed to the greatest extent in Ireland.
"I have adopted all such precautions as it was in my power to adopt for the purpose of alleviating the sufferings which may be caused by this calamity; and I shall confidently rely on your co-operation in devising such other means for effecting the same benevolent purpose as may require the sanction of the Legislature."
On the subject of the Free Trade measures generally, the Speech continued:—