Lord Derby rejoined that he knew them, and thought them pernicious for the conduct of the Foreign Affairs, but at the Exchequer they would have less play; he himself would undertake to control him. His greatest indiscretion—that in the Kossuth affair—must have been with a view to form a Party; that if left excluded from office, he would become more dangerous, and might in fact force himself back at the head of a Party with a claim to the Foreign Office, whilst if he had ever accepted another Office, his pretensions might be considered as waived; he (Lord Derby) did not know in the least whether Lord Palmerston would accept, but in case he did not, the offer would propitiate him, and render the Government in the House of Commons more possible, as it would have anyhow all the talent of the late Government, Peelites and Radicals, to withstand.

To my question whether Lord Derby fancied he would remain Prime Minister any length of time, when once Lord Palmerston had got the lead of the House of Commons, he replied he was not afraid of him; he felt sure he could control him, although he would not have been able to admit him to the Foreign Office on account of the very strong strictures he had passed upon his Foreign Policy at different times—even if the Queen had allowed it.

The Earl of Derby to Queen Victoria.

St James's Square, 22nd February 1852.

(Half-past eight.)

Lord Derby, with his humble duty, deems it incumbent upon him to submit to your Majesty without delay that having had an interview this evening with Lord Palmerston, the latter has, although in the most friendly terms, declined accepting the Office, upon the ground of difference of opinion, not on the principle, but on the expediency of the imposition of any duty, under any circumstances, upon foreign corn. This was a point which Lord Derby was willing to have left undecided until the result of a General Election should be known.

Although this refusal may add materially to Lord Derby's difficulties, he cannot regret that the offer has been made, as the proposal must have tended to diminish any feelings of hostility which might have been productive of future embarrassment to your Majesty's service, to whatever hands it may be entrusted....

The above is humbly submitted by your Majesty's most dutiful Servant and Subject,

Derby.