Clearly, rapidly, and with a master hand, Lord Stanley described the position of parties in both Houses of Parliament, not vindicating—for vindication was unnecessary—but guarding himself and those who acted with him against any charge of apathy or indifference in the cause that lay most warmly at their hearts. He explained for the satisfaction of those who, in their impatience, would have precipitated measures, why it was that the leaders of the Protection party had abstained from originating that direct discussion which their opponents, confident in the possession of a majority, were so palpably eager to provoke. Admitting to the full, and deploring the magnitude and prevalence of the suffering which Free Trade has brought upon the country, he did not disguise his belief that a yet further period of probation must be endured, ere the full conviction of the fallacy of those schemes which have passed into law came home to the understanding of the nation. The advice, so cordially asked, was frankly and freely given. "You ask me for advice," said the noble lord—and we cannot forbear again quoting his memorable words, "I say, go on, and God prosper you. Do not tire, do not hesitate, do not falter in your course. Maintain the language of strict loyalty to the crown; and, with a spirit of unswerving obedience to the laws, combine in a determined resolution by all constitutional means to obtain your rights, and to enforce upon those who now misrepresent you the duty of really representing your sentiments, and supporting you in Parliament.... If you ask my advice, I say persevere in the course you have adopted. Agitate the country from one end to the other. Continue to call meetings in every direction. Do not fear, do not flinch from discussion. By all means accept the offer of holding a meeting in that magnificent building at Liverpool; and in our greatest commercial towns show that there is a feeling in regard to the result of our so-called Free Trade widely different from that which was anticipated by the Free-traders, and from that which did prevail only a few years ago. Your efforts may not be so soon crowned with success as you hope; but depend upon it, let us stand hand to hand firmly together; let the landlord, the tenant, and the labourer—ay, and the country shopkeeper—ay, before long, the manufacturer himself, be called on to show and to prove what the effects of this experiment are—and, as sure as we stand together, temperately but firmly determined to assert our rights, so certainly—at the expense, it may be, of intense suffering, and perhaps of ruin to many—of ruin which, God knows, if I could avert, I would omit no effort for that purpose—but ultimately, certainly, and securely we shall attain our object, and recede from that insane policy which has been pursued during the last few years."

We shall not attempt to describe the effect which that address produced upon those who were present—suffice it to say, that every individual there esteemed it a privilege to be allowed to labour in the same cause with the true-hearted, patriotic, and eloquent statesman who had that day so frankly ratified their unanimous choice of a leader, and in whose honour, integrity, and perseverance they reposed the fullest confidence that can be yielded by man to man. Of this our readers may be well assured, that the movement so auspiciously begun will not be allowed to flag; and that it will not be abandoned until the full measure of justice is conceded to all classes throughout the British empire who have been made the victims of a rash experiment, and of one-sided and unjustifiable legislation.

NATIONAL ASSOCIATION FOR THE PROTECTION OF INDUSTRY AND CAPITAL.

A General Meeting was convened by the above body at the Crown and Anchor on Tuesday, 7th May, at one o'clock. The great hall was crowded from one extremity to the other by delegates and others from various parts of the kingdom. Nearly two thousand gentlemen were present during the proceedings, whilst many more were compelled to retire without having obtained admittance for want of standing room. On the platform were—the Duke of Richmond, K.G., in the Chair; Major William Beresford, M.P.; Mr Richard Blakemore, M.P.; Captain Boteler, R.E.; Mr T. W. Bramston, M.P.; Mr R. Bremridge, M.P.; Sir Brook W. Bridges, Bart.; Mr L. W. Buck, M.P.; Sir Charles M. Burrell, Bart., M.P.; Viscount Combermere, G.C.B.; Major Chetwynd, M.P.; Colonel Chatterton, M.P.; Mr E. Cayley, jun.; Mr E. S. Chandos Pole; Mr R.A. Christopher, M.P.; the Marquis of Downshire; Baron Dimsdale; Mr J. W. Dod, M.P.; Mr E. Fellowes, M.P.; Mr Floyer, M.P.; Lord Feversham; Mr H. Frewen, M.P.; the Earl of Glengall; Mr A. L. Goddard, M.P.; Mr Howell Gwyn, M.P.; Sir Alexander Hood, M.P.; Mr William King; Sir C. Knightley, Bart., M.P.; Sir Ralph Lopez, Bart., M.P.; Mr W. Long, M.P.; the Earl of Malmesbury; Mr W. F. Mackenzie, M.P.; Lord John Manners, M.P.; Mr J. Neeld, M.P.; Mr Newdegate, M.P.; Mr C. W. Packe, M.P.; Mr Melville Portal, M.P.; Lord Rollo; Earl Stanhope; Viscount Strangford, G.C.B.; Sir Michael Shaw Stewart; Lord Sondes; Colonel Sibthorpe, M.P.; Mr A. Stewart; Earl Talbot; the Hon. and Rev. C. Talbot; Alderman Thompson, M.P.; Sir John Trollope, Bart., M.P.; Sir John T. Tyrell, Bart., M.P.; Captain R. H. R. Howard Vyse, M.P.; Mr H. S. Waddington; the Rev. Edward Young; Mr P. Foskett; Mr G. F. Young; Professor Aytoun, Edinburgh; Mr J. Butt, Q.C.; Professor David Low; Lieutenant-Colonel Blois; Rev. W. M. S. Marriott; Sir James Ramsay, Bart.; Mr W. Caldecott; Captain E. Morgan; Mr Richard Oastler; Rev. A. Duncombe Shafto; Colonel Warren; Mr C. Byron; Rev. H. Franklin; Mr George Edward Frere; Captain Pearson; Sir John Hall, Bart., of Dunglass; Sir Thomas G. Hesketh, Bart.; Mr C. G. White, Limehouse; Rev. R. Exton; Rev. V. G. Yonge; Rev. C. H. Mainwaring; Major Rose; Sir James Drummond, Bart.; Mr Henry Burgess; Mr Samuel Kydd; Mr Delaforce, secretary of trades' delegates; Mr John Blackwood, Edinburgh; Mr H. Higgins, &c., &c.

The following is a correct list of the delegates from the different societies:—

BEDFORDSHIRE.

Bedfordshire.—Messrs Joseph Pain, John Rogers, William Biggs, Benjamin Prole, Thomas Gell, T. James.

BERKSHIRE.

Berkshire.—Messrs E. Tull, R. Warman, George Shackel, J. J. Allnatt, J. Brown, Job Lousley, William Aldworth, W. Sharp.

Newbury District.—Messrs John Brown, Job Lousley.

BUCKINGHAMSHIRE.

Buckingham.—Messrs Philip Box and Henry Smith.

Amersham District.—Messrs Philip Goddard and Robert Ranshaw.

Bucks Association for the Relief of Real Property.—Messrs Edward Stone and Edwin W. Cox.

CAMBRIDGESHIRE.

Cambridgeshire.—Messrs Alexander Cotton, Edward Hicks, Thomas St Quintin, Samuel Webb, John Ellis, W. Bennett, John King, Edward Ball, Samuel Jonas, James Witt, King, John Oslar, Wilson, Holben, Peter Grain, James Leonard, Samuel Witt, James Ivatt.

Isle of Ely.—Messrs Joseph Little, W. Layton, John Vipan, (High Sheriff,) J. Fryer, Henry Martin, Thomas Saberton, Henry Rayner, J. Cropley, W. Martin, W. Saberton, T. W. Granger, W. Harlock, John Cutlack, H. Martin, Thomas Vipan, John Reid, W. Luddington, W. E. Reid, John Swift, John Hall, Henry Martin, jun., George Cook, William Vipan.

Newmarket.—Messrs R. D. Fyson (chairman,) P. Smith (vice chairman,) J. Dobede, W. Layton, G. F. Robins, John Fyson, William Fyson, Edward Staples, Waller Miles King, George Dennis, John Lyles King, R. F. Seaber, William Staples, William Westrope, Thomas Gardner, Robert Fyson, Ambrose Gardner.

DERBYSHIRE, SOUTH.

South Derbyshire.—E. S. Chandos Pole Esq., Mr Malins.

DEVONSHIRE, SOUTH.

South Devon Branch.—J. Elliott, Esq.

Devon and Exter Branch.—Sir J. Y. Buller, Bart., M.P., L. W. Buck, M.P., R. Bremridge, Esq., M.P., Lawrence Palk, Esq., George Turner, Esq., R. Brent, Esq., M.D., secretary, Sir J. Duckworth. Bart., M.P., Edward Trood, Esq.

DORSETSHIRE.

Dorchester.—J. Floyer, Esq., M.P., W. Symonds, Esq.

ESSEX.

Essex Protection Society.—Messrs John Ambrose, S. Baker, Jas. Barker, John Barnard, T. Bridge, Geo. Carter, John Clayden, J. G. Fum, John Francis, Jos. Glascock, Jas. Grove, W. Fisher Hobbs, Jos. Lawrence, S. Reeve, T. K. Thedam, W. Yall, S. Willis, and H. T. Biddell (the secretary.)

Romford District.—Messrs Christopher Thomas Tower, William Bowyer Smyth, Robert Field, John S. Thompson, Major Crosse, J. Gilmore, G. Mashiter, E. Vipan Ind, W. Haslehurst, John Bearblock, John Coseker, James Paulin, Hon. and Rev. H. W. Bertie, Rev. T. L. Fanshawe, Rev. D. G. Stacey, Rev. George Fielding, Thomas Mashiter, jun., W. H. Clifton, Thomas Lee, Robert Pemberton, J. Wallen, James Biggs, John P. Peacock, Henry Moss, T. W. Brittain, James Laming Padnall, George Hooper Theydon, Richard Bunter, Henry Joseph Hance, Thomas Champness, Charles Mollett, Richard Webb, James Hill, George Porter, John Bearblock (Hall Farm,) John Francis, S. B. Gooch, Frederick Francis, Henry Joslin, Wm. Baker, Wm. Blewitt, Thomas Surridge, Rowland Cowper, Collinson Hall, S. R. G. Francis, Daniel Haws, Wm. Freeman, W. Sworder, Charles Pratt, Daniel Hicks.

Grays District.—Messrs Richard Meeson, J. Curtis, T. Sturgeon, Thos. Skinner, Chas. Asplin, Chas. Squier, W. L. Bell, W. C. Cook, J. Sawell, Richard Knight, W. Willis, W. Stevens, H. Sackett, R. Bright, J. Nokes, R. Cliff, C. Sturgeon, R. Ingram, D. Jackson,—Uwins, H. Long, S. Newcome, A. Causton,—Woodthrope, Rev. W. Goodchild, Rev. C. Day, Rev. H. S. Hele, Rev. J. Boulby, Rev. J. Tucker.

Billericay.—Messrs Isaac Crush, J. Brewitt, G. Shaw.

GLAMORGANSHIRE.

Glamorgan.—Rev. Robert Knight, Captain Boteler, Dr Carne; Messrs A. Murray, E. David, William Llewellyn, and R. Franklen.

GLOUCESTERSHIRE, EAST.

Cirencester and Gloucestershire.—Messrs P. Matthews, Edmund Ruck, David Bowly.

HAMPSHIRE, NORTH.

Alton District.—Messrs H. Holding, Edward Knight, H. J. Mulcock, W. Garnett, J. Eggan.

Basingstoke.—Mr George Harriott.

HAMPSHIRE, SOUTH.

Botley and South Hants.—Messrs Edward Twynam, Josh. Blundell, Caleb Gater, W. C. Spooner.

HEREFORDSHIRE.

Herefordshire.—Mr Henry Higgins.

Ledbury District.—Rev. Edward Higgins, Messrs Reynolds Petton, Thomas France.

Ross District.—Mr H. Chillingworth.

HUNTINGDONSHIRE.

Huntingdonshire.—Rev. James Linton, Messrs John Mann, Hammond, Ibbot Mason, Robert T. Moseley, Geo. Brighty, Peter Purvis, John Warsop.

KENT, EAST.

East Kent.—Sir B. W. Bridges, Bart., Messrs D. H. Carttar, Edward Hughes, John Abbot, Edward C. Hughes, Rev. Bradley Dyne, Musgrave Hilton, Charles Neame.

KENT, WEST.

Cranbrook.—Rev. W. M. S. Marriott, Messrs J. E. King, R. Tooth, Geo. Hinds, J. E. Wilson.

Gravesend.—W. M. Smith, Esq., late high sheriff, Messrs W. F. Dobson, T. Collyer, Pinching, W. E. Russell, R. C. Arnold, J. Armstrong, W. Brown, W. Hubble, T. Mace.

Rochester.—Messrs W. Mauclark, W. Miles, C. Lake.

Maidstone.—Messrs T. Abbott, F. B. Eloy, G. Powell.

Edenbridge.—Messrs W. Searle, sen., J. Holmden, Geo. Arnold.

Sevenoaks.—Messrs J. Selby, G. Turner, E. Crook.

Bromley.—Messrs Hammond, Moysar, and Edgerton.

Dartford.—Messrs W. Allen, J. Solomon, and Slaughter.

Tonbridge.—Rev. G. Woodgate, and others.

Wrotham.—Messrs Leary, Thomas Spencer, and Charlton.

LANCASHIRE, SOUTH.

Liverpool.—Messrs Richard C. Naylor, II., Clever Chapman, Charles Turner, Lawrence Peel, Thomas Bold.

LEICESTERSHIRE, NORTH.

Leicestershire.—Messrs Perkins, G. Kilby.

Waltham.—Messrs John Clark, F. Vincent.

LEICESTERSHIRE SOUTH.

Market Harborough.—Messrs Edward Fisher, jun., Josh. Perkins.

Hinckley.—Messrs Matthew Oldacres, John Champion, Charles D. Breton, Thomas Swinnerton, John Brown, Richard Warner, John P. Cooke, James H. Ward.

LINCOLNSHIRE, NORTH.

Lincoln and Lindsey.—Colonel Sibthorp, M.P., R. A. Christopher, Esq., M.P., Mr T. Greetham, Mr J. G. Stevenson.

Grimsby.—Mr F. Iles.

Caistor.—Mr Wm. Torr.

Alford.—Mr W. Loft.

LINCOLNSHIRE, SOUTH.

Long Sutton and Holbeach.—Messrs Wm. Skelton, Spencer Skelton, George Prest.

Sleaford.—Messrs Tinley and Nickolls.

LINCOLNSHIRE, EAST.

East Lincolnshire.—Messrs Fricker, Joseph Rinder, jun.

NORFOLK, EAST.

North Walsham.—John Warnes, Esq.

NORTHAMPTONSHIRE.

Northamptonshire.—Messrs Gray, Rogers, and J. Scriven.

NORTHUMBERLAND.

Northumberland.—Sir Matthew White Ridley, Bart., Messrs Robert David, John Ayersby, John Robson, Walter Johnson, Thomas Smith, H. Wilkin.

NOTTINGHAMSHIRE.

North Nottinghamshire.—Messrs John Holmes, John Walker, T. Hopkinson.

South Nottinghamshire.—Messrs George Storer, W. Chouler, Richard Milward, W. Champion, J. Parkinson, jun., H. Gilbert.

OXFORDSHIRE.

Banbury.—Messrs S. Lovell, J. Gardner, J. Selby.

RUTLANDSHIRE.

Rutland Branch.—Messrs Thomas Spencer, Christopher Smith, Samuel Cheetham.

Uppingham Branch.—Messrs Owsley, Edward Wortley.

SHROPSHIRE, NORTH.

Shropshire.—Four delegates.

Oswestry District.—S. Bickerton, Esq.

SHROPSHIRE, SOUTH.

Bridgnorth.—E. W. Powell, Esq., John Stephens, Esq.

SOMERSETSHIRE, WEST.

Somerset.—Messrs Cridland and Bult, John Wood, H. G. Andrews, R. Hooke, J. Hooke.

Langport and Bridgewater District.—Mr John King, (vice chairman) and Mr T.B. Morle.

STAFFORDSHIRE, NORTH.

Stafford.—Major Chetwynd, Messrs T. Hartshorne, W. T. Lockyer, C. Keeling, J. Nickisson, J. Aston.

STAFFORDSHIRE, SOUTH.

Eccleshall Branch.—Rev. V. G. Yonge, Rev. Charles Mainwaring.

SUFFOLK.

East Suffolk.—Rev. Mr Alston, Messrs John Mosely, N. Barthropp, P. Dykes, W. Bloss.

Ipswich Branch.—C. Lillingston, Esq. Deputy Lieutenant, Messrs T. Haward, W. F. Schrieber, J. Garnall, Venn, W. Back, W. Rodwell, J.D. Everett, Morgan, R. C. Perry, Mark Wade, Rev. F. K. Steward.

Hartismere Branch.—Dr Chevalier, Messrs Samuel Peck and Deck.

Stradbroke District.—W. L. B. Frener, Esq., Rev. A. Cooper.

West Suffolk.—Messrs King, Vrall, Simpson, Woodward, George Gayford.

Cosford Hundred.—Messrs C. Kersey, P. Postans.

Bungay Branch.—Two delegates.

SURREY, EAST.

Kingston.—Messrs G. Nightingale and Daniels.

Croydon Branch.—Messrs Cressingham, (chairman,) Rowland, Raincock, Robinson, Walker, and Gutteridge.

Reigate Branch.—Messrs Peter, Caffyn, Jesse Pym.

Tandridge Hundred Branch.—Messrs Isaac Stavely, Edward Kelsey.

SURREY, WEST.

West Surrey United Association.—Col. Holme Summer, Rowland Goldhawk, Esq.

Epsom District.—Messrs Francis Garner and King.

Dorking District.—Messrs Weller and Dewdney.

SUSSEX, EAST.

Sussex.—Messrs W. Rigden, A. Denman, S. H. Bigg, Edward Wyatt.

East Grinsted.—Messrs George Head, Wm. Turner, John Rose, John Mills, John Payne.

WARWICKSHIRE, NORTH.

Rugby and Dunchurch Branch.—Messrs H. Townsend, John Perkins.

Sutton Coldfield.—The Hon. E. S. Jervis, W. M. Jervis, Esq., Rev. W. K. B. Bedford, Messrs R. Fowler, R. Fowler, jun., Bodington, Sadler, Osborne, Buggins.

Coleshill.—Messrs Cook, Gilbert, H. Thornley, John York, and Dr Davies.

WARWICKSHIRE, SOUTH.

Warwickshire.—Messrs Edward Greaves, C. M. Caldecott, Luke Pearman, J. H. Walker, W. W. Bromfield, R. Hemming, S. Umbers, B. Sedgeley, John Moore, H. Brown.

WILTSHIRE, NORTH.

Messrs G. Brown, W. Ferris, J. A. Williams, R. Strange, J. Wilkes, E. L. Rumbold, L. Waldron.

WILTSHIRE, SOUTH.

Salisbury Branch.—Messrs Stephen Mills, F. King, George Burtt, Leonard Maton, B. Pinnegar,—Lush.

WORCESTERSHIRE, WEST.

Worcestershire Branch.—The Hon. and Rev. W. C. Talbot, F. Woodward, Esq., Richard Gardner.

YORKSHIRE, NORTH RIDING.

Knaresborough.—Mr T. Collins, jun., of Scotton.

Easingwold.—Mr Charles Harland.

YORKSHIRE, EAST RIDING.

East Riding.—Mr John Almack.

Malton.—E. Cayley, Esq.

Holderness.—Messrs Josh. Stickney and G. C. Francis.

Pocklington.— — Cross.

YORKSHIRE, WEST RIDING.

Boroughbridge Branch.—Wm. Josh. Coltman, Esq.

SCOTLAND.

Scottish Protective Association.—Sir J. Drummond, Bart., Professor Aytoun, Professor Low, Dr Gardner, Messrs Geo. Makgill, Jno. Dickson, Jno. Dudgeon, J. Murdoch, J. Shand, Blackwood, Garland, Hugh Watson, Cheyne, Steuart of Auchlunkart.

East Lothian.—Sir Jno. Hall, Bart. of Dunglass, Messrs R. Scot Skirving and Aitchison, of Alderston.

Aberdeenshire.—Dr Garden.

IRELAND.

County Down.—The Marquis of Downshire.

The noble Chairman rose and said—Gentlemen, it will not be necessary for me upon the present occasion to trespass but a few moments upon your attention, because I am happy to say that there are gentlemen much more able to discuss the question upon which we are met here to-day than the individual who now stands before you—more able, I say; but there is no man in the United Kingdom who is more deeply impressed than I am with the conviction that, if this country is to continue to be great and free, moderate import duties must be imposed (loud cheers.) Though some persons have called free trade a "great experiment," and wish us to wait and see what the result of that "experiment" is to be, I tell them fairly now, that that experiment has been tried—that it has failed—and that common sense always said it would fail (great cheering.) But during the trial of this "great experiment," have they calculated the amount of hazard which they are incurring? Are they aware of the mass of landowners and tenant-farmers of England who must be cast away if this experiment is not immediately put an end to? (loud cheers.) We are met here to-day to receive deputations from different parts of the country, and it has been thought advisable to convene this meeting, because doubts have been expressed in Parliament, whether distress was universal or not. We are met to-day to hear from the tenant-farmers from various parts of the country the prospects of their localities (hear, hear.) Gentlemen, I fear those prospects are bad indeed. But still I will say before you that which I stated in Parliament—that I have the greatest confidence in the good feeling of the people of England (cheers.) I believe that the tenant-farmers will follow the advice which I have ventured to give them, and persevere (hear, hear.) They know the justice of their cause. Let you, all of you, when you return home, tell your neighbours to persevere; and depend upon it, justice will, sooner or later, be done to you (loud cheers.) I will not now detain you longer than to say I hope that the expressions which may be made use of here to-day will be to show that, ill used as we are, we are still loyal to our Sovereign, and firmly attached to the constitution of our country (tremendous cheering.)

Mr T. W. BOOKER, Ex-High-Sheriff of Glamorganshire, of Velindra House, near Cardiff, was then called upon by the noble chairman, and amidst great applause stepped forward to propose the first resolution—"That the difficulty and intolerable distress pervading the agricultural and other great interests of the country, and the state of deprivation and suffering to which large masses of the industrial population are reduced, are, in the opinion of this meeting, fraught with consequences the most disastrous to the public welfare, and if not speedily remedied must prove fatal to the maintenance of public credit, will endanger the public peace, and may even place in peril the safety of the state."—Mr Booker spoke as follows: My lord duke, my lords, and gentlemen,—It is, I do most unfeignedly assure you, with the deepest diffidence, if not with the deepest reluctance, that I stand before you thus early in the proceedings of this most eventful day; for, gentlemen, I came here under the sincere hope that I might be allowed to listen to others instead of myself occupying your time. But there are times, and this is an occasion, when I feel that it would ill become any man to shrink from the discharge of a public duty which those with whom he has an identity of feeling and a community of interest will and wish should devolve upon him. Humble, therefore, though my name may be, yet I will, without further apology, proceed at once to the objects which have called us together. (Cheers.) At this time of day, and on this occasion, I need not, I think, enter upon any lengthened argument, nor need I adduce any elaborate statements of statistical facts, to prove that the condition of Great Britain and Ireland and her dependencies is, to say the least, most unsatisfactory. (Hear, hear.) Your own experience will tell you that. Therefore to save your time, and with a knowledge of those who will have to follow me, I will assume three propositions. First of all, I will assume that the agricultural interest is immeasurably the most important interest of the state. (Hear.) Secondly, I will assume that that interest is in a state of alarming and greatly increasing depression. (Hear, hear.) And, thirdly, I will assume that that depression is occasioned and aggravated by the adoption and continuance in that altered policy of the country which now prevails. (Cheers.) I presume that my two first propositions will be conceded to me everywhere; and as to the third, here at least I presume we are unanimous, that the difficulties, the dangers, the distresses, and the disasters that now accompany us are attributable to that vile, suicidal policy falsely called free trade. (Cheers.) Having gone thus far, and having arrived at this point, it will not be of much advantage to you that I should dwell long upon the nature and extent of the distress which now accompanies you, and now environs you. That I will leave to others of those intelligent practical men who, in such multitudinous numbers, have left their homes and have come here to tell, in this central heart of England, their feelings upon the distresses and dangers that have overtaken them. But I will just glance at what is the prevailing symptom of the distress of the present day. And, strange as it may appear, the prevailing symptom is cheapness—cheapness of all the necessaries and conveniences of life—cheapness of the bountiful gifts of Providence, the productions of the earth—cheapness of the works of man, the produce of his skill and labour. And how is it that this cheapness, which augurs plenty and abundance, should not be accompanied with its usual, nay, its invariable concomitants—ease, enjoyment, safety, and repose? (Cheers.) There must be something fundamentally wrong in a state which produces such startling results. It was the opinion of one whose opinion, and whose memory too, ought to be an object of veneration with every Free-trader, as unquestionably they are of respect, from the sterling, amiable, pains-taking qualities of the man—I allude to the late Mr Huskisson—it was his opinion, and he delivered it in his place in the House of Commons so long ago as the year 1815—it was his opinion that nothing could be more delusive than the proposition that cheapness in the price of provisions is always a benefit. On the contrary, cheapness, without a demand for labour, is a symptom of distress. (Cheers.) The French, he adds, in his day, had cheapness without capital, and that was a proof in them of progressive decay. But this all-pervading state of cheapness is so ably glanced at and set forth in a document which I hold in my hand, and which has been transmitted to me since my arrival in town, that I cannot forbear quoting some passages from it. It is the Address of the Metropolitan Trades' Delegates to their fellow-countrymen, on the interests and the present position of the labouring classes of the empire; and if there can be words of solemn warning and import, they are contained in this most extraordinary document. It commences:—

"Fellow-Countrymen,—There is not recorded an era in the history of our country, nor, indeed, in the history of all nations, when the great subject of the natural and social rights of those who live by means of their labour was required to be so thoughtfully considered, so clearly explained, and so zealously and faithfully supported, as the present era."