No candid person who was present when the Earl delivered his speech, will hesitate to acknowledge that it produced a deep and most favourable impression. We ourselves know that the case was such with several able and determined members of the Liberal party in the House of Commons who stood at the Bar of the House of Lords; one of whom observed, "It is certainly a great speech, and likely to do Lord Derby service with the country." Mr Villiers, however, was also an auditor of the noble Earl; and might have been seen rushing from the House of Lords, and by-and-by in eager and excited conversation with that great statesman Mr Cobden; the result of which was that absurd notice of motion which, the crude product of their joint sagacity, the former gave that evening in the House of Commons, doubtless expecting that it would produce a sensation. Such, however, was not the case: it was received with but faint indications of satisfaction by his own friends; has ludicrously failed to excite attention out of doors; and is already discarded by its astute originators! It bore upon it the glaring brand of Faction; and the country is in far too serious and stern a humour, knowing what it has at stake, to tolerate either trifling or trickery on the part of those who have too long falsified public opinion, and inflicted serious injury on several of the greatest public interests.
Lord Derby's speech was characterised throughout by consummate discretion, and displayed a profound appreciation of the sense and spirit of the country. That great country has received him cordially, and in the spirit in which he had advanced to it. His most sanguine opponents must acknowledge that matters have not hitherto gone as could have been desired, and seems certainly to have been expected, by themselves. The Funds will not go down! and yet Lord Derby has stood on the heights, with flag unfurled, ever since the 27th February 1852—nay, ever since the 28th February 1851! He is pledged to nothing but Principles, and has wisely abstained from gratifying his factious enemies, by precipitately pledging himself to specific measures. But such he will in due time bring forward; and that they will be in strict accordance with his principles, the whole country is sure of, for it knows the firmness, honour, and consistency of his character and conduct. It also knows, and his enemies also well know, that they have to deal, in him, with a man not easily to be daunted, by even the loudest squeaks of the penny trumpets of the Manchester Anti-Corn-Law League gentry. They may rely upon it that they cannot terrify the Earl of Derby, however otherwise it may have been with one of his predecessors. They may depend upon it that he has had ample time and opportunity during the last year to ascertain the true sources of his strength and of his weakness; to mature a policy, based on settled principles; and select able men to carry it out. He has looked his dangers steadily in the face; and without affecting to underrate them, has declared his determination to encounter them with patient resolution. Our own belief is, that he possesses more extensive resources than his adversaries are at present aware of, and will use them prudently. One of these resources consists of the conviction prevalent among the vast majority of moderate men of intelligence, that if the Earl of Derby's Administration should fail to keep its place, the inevitable alternative is a fearful revolutionary struggle, which would shake our strongest institutions to their very foundations, and convulse society. We lament feeling constrained to express our strong belief, that Lord John Russell, conscious of having forfeited the confidence of some of his most important supporters, is prepared to throw himself unreservedly into the arms of those who, he knows, and cannot but know, will force him infinitely farther than in his own recently declared opinion he asserted, and in his conscience he believes to be consistent with the safety of the throne, and the preservation of the liberties of the country. We believe that hundreds of thousands in this country take this justly alarming view of his position and purposes; and are prepared to encounter with a resolute "no!" the inquiry, whether he shall return again to power with seven spirits more wicked than himself.[I]
We are writing far on in the first month of the new Administration, anxiously watching the signs of the times; and are totally at a loss to discover a single symptom of national dissatisfaction or disquietude, at the establishment of a thoroughly Conservative Administration. We have noticed, on the contrary, indications of a cheerful acquiescence in the new arrangements, a contemptuous indifference to the worn-out machinery of agitation, and a quiet determination to see fair play. How foolish, indeed, and dangerous would it be to act otherwise! The late Administration crumbled gradually to pieces before the eyes of the contemptuous country, which then looked about it, and deliberately substituted the present: and do Lord John Russell and his friends really suppose that this great enlightened country is going to blow down that new Administration like a child's house built of cards?
We see, however, plainly one part of the tactics which are to be resorted to. They are based on a very natural, a perfectly intelligible, dread lest the new Ministry should be able to show the country that they understand, and can manage its affairs better than their rivals; and a suspicion that they have it in their power to go to the country, when the proper time arrives, with immense advantages, and a repetition of the result of the general election of 1841. The country, for instance, is groaning under the back-breaking pressure of the Tax upon Incomes, precariously derived from trades and professions; we know—the country knows, what is the Earl of Derby's present view of that iniquitous, that cruel, that abominable tax, which has broken many an honourable heart, and filled many a house with bitter privation, anxiety, and mortification. And why was it imposed? With what declared purpose? And has the solemnly-plighted faith been kept with the public? We have shown how Lord Derby would now answer these questions, because we have shown how he answered them in 1851. A glimpse of daylight lately broke in upon a clear-headed Liberal, as appears by the columns of that very consistent, but candid, advocate of Free Trade, the Spectator.[J] On the day after Lord Derby had delivered his speech in the House of Lords, there appeared conspicuously in that journal an ably-written letter, "From a vigilant politician of the Liberal school," who evidently stands high in the confidence of the editor. Let us hear this gentleman.—"Let us imagine that Lord Derby proposes a 5s. duty, together with a repeal of the Income Tax, as respects professions and trades. The whole pill, so compounded, would be swallowed by a vast number of Free-Traders, as well as by the bulk of the agricultural interest, glad to get anything at all in the shape of protection. There is[K] some little reaction of opinion about Free Trade.... A 5s. duty would not make bread 'dear.'... I think it probable that a general election on the proposal of a 5s. duty, combined with the aforesaid modification of the Income Tax, would yield Lord Derby a majority in the House Of Commons." We are ourselves of this opinion; and believe that Lord John Russell and his friends are desperately apprehensive of the effect which may attend some such appeal to the country, and the substantial popularity which it may earn an honest and firm Government. We verily believe that great numbers of Lord John's friends, and he himself, would see with secret satisfaction the imposition of a fixed duty on foreign corn; but Lord Derby is assuredly not pledged to that particular measure; and in the most honourable manner has declared that nothing shall prevent him from submitting the great question fairly to the country itself, and carrying out its deliberate decision faithfully. What can mortal man—the most scrupulously conscientious of mankind—say, or do, more? That justice must be done to the suffering interests of agriculture, in some way or other, only the most blind and bigoted faction will deny, or those whose craft is in danger, and who are unconsciously exhibiting the extent of their selfish interest in upholding the existing system, by the large sums which they profess to have subscribed in order to stir up and keep alive agitation. The disgusting effrontery of a handful of Manchester manufacturers, in thus presuming to dictate to the country at large, is already widely appreciated, and will be more so; and Lord Derby can afford to despise it, while keeping a calm, a vigilant, a comprehensive superintendence over all the great national interests intrusted to his keeping by the Sovereign and the country.
It would be foolish to predict with confidence the result of the next general election; but if anything, appears tolerably clear, it is this—that those who are resolved to take the opinion of the country on a great national question, deliberately, are, ipso facto, infinitely better entitled to its confidence than those who would precipitate such an appeal. Very little that is said by a paid agitator, like Mr Cobden, is entitled to respect; but he involuntarily spoke the truth, and disclosed his inward quaking for the result, when the other day he publicly acknowledged the great difficulty of "keeping up the enthusiasm of the people beyond a few weeks!" Does this voluble declaimer suppose that such an admission of the truth is lost upon the great statesman now at the head of affairs?
The Earl of Derby's Ministry may stand—the Earl of Derby's Ministry may fall; but the country feels that it will do either with honour, and that there will be no "paltering with it in a double sense." We believe that it will stand, numerous and serious as are the obstacles with which it has to contend; and we also believe, that the opinion is gaining ground among even the more clear-headed of its miscellaneous enemies, that it will not be so very easy to dislodge it from the position which it has now thoroughly occupied. All its honourable opponents recognise the fair spirit in which the Earl of Derby asserted his claims to the forbearance of foes, and the indulgence of friends, while endeavouring honestly to conduct public affairs at a moment when no one else offered, or seemed able, to do so. That forbearance, that indulgence, he is justly entitled to, and, to a great extent, will receive. We feel that we cannot go far wrong in trusting freely one who has never deceived or betrayed us, and whose whole personal and political character and conduct show that it is impossible he should ever do so. Let, then, both friends and enemies be at their ease for a while; an honourable country trusting implicitly, in a great conjuncture, to one of the most honourable of her sons. As long as he can retain the reins with safety and advantage to his gracious Mistress and the country, he will do so firmly and steadily, and not one moment longer. But to whom will they have to be surrendered? It is a fearful question. He is now nobly doing his duty to the country—towards the great party which is proud to see him, standing at the helm of the vessel of the State. Let them, in turn, do their duty towards him who has come forward so chivalrously at their bidding; and we say, with a swelling heart,—On, Stanley! on!
Every line of the foregoing pages was in type, before the length and breadth of the land was thrilling with delight inspired by the Earl of Derby's splendid reappearance on the scene of the two former triumphs celebrated in those pages; and if we had written after perusing the report of the noble Earl's speech on Monday evening the 15th of March, we should not have modified a single expression, or varied a hair's-breadth from the course which we had taken, after much deliberation concerning the position and prospects of the new Administration, except perhaps in two respects:—First, to note the rapidity with which the noble Earl is visibly satisfying all the conditions, moral and intellectual, of the highest responsible statesmanship; while his noble but unhappy predecessor is dwindling down into a mere baffled tactician and partisan. At the very moment that mere petty spite and virulence were exuding from the leader of an Opposition consisting of a suddenly-fused aggregate of incompatibilities, his noble successor was ascending to a still higher vantage-ground, and calmly unfurling afresh the glittering standard of conservative statesmanship. Calm, resolute, circumspect, the higher the altitude he has reached, and the more comprehensive the view he has taken, the stronger appears his position, the distincter his enemies' real weakness under the guise of apparent strength. It is now clear to our minds that Lord John Russell and his friends had calculated on prodigious effects springing from causes deemed by himself adequate to produce them, namely, an array of untried officials; and that confusion and "consternation" throughout the country which his friend Lord Grey had, to the very utmost of his little power, striven to excite, under the prospect of a suddenly-reversed commercial policy. But it will not do. Faction already "'gins pale its ineffectual fires" before patriotism; and the star of Stanley is unquestionably at this moment in the ascendant. Passing over Lord Derby's overpowering ad hominem argument to Lord John Russell, reminding him of the day when he was in Lord Derby's position, and held the language which he now denounces in his successor; and the quiet contempt with which the noble Earl disposes of the little worn-out tricks of agitators and demagogues, unable to do more than develop virulent pustules of local irritation in divers parts, without hurrying the pulse or corrupting the circulation of the general body politic, we come to the Premier's appeal to the state of the public Funds—a topic of confident congratulation in the preceding pages.[L] Lord Beaumont had made a piteous appeal to the new minister, on behalf of certain petitioners, complaining of the fearful consequences, apparent and apprehended, of the recent changes, and of uncertain policy. "Where," asks the cheerful Earl, speaking upwards of a fortnight after the delivery of his great speech—which we are more than ever satisfied ought to remain prominently under the eye of the country, for the guidance alike of candidates and electors in the approaching great struggle—"where are the indications of alarm, anxiety, and uncertainty? The public mind seems to be peaceable and content! Is there a more accurate barometer of public feeling than the public funds? Yet, will the noble lord point out a single moment, during the whole time the late Government was in office, when the Funds were so high, were so steady, and had a more decided tendency to advance, than they have at this moment, when, according to the noble Baron, the whole country is in a state of suspense and excitement?" The Premier's bold challenge remained unanswered—though Earl Grey, Lord Beaumont, and several other Peers, attempted to reply to other portions of his brilliant, overpowering, and spontaneous speech. But what said, on the ensuing afternoon, the City Article of that able, honourable, but truthful opponent of Protection, the Sun newspaper, which has done itself honour by its manly course during the recent crisis? While its leading article vied with the Times of that morning in splendid eulogy of Lord Derby's speech, and stern denunciation of the factiousness against which it had been fulminated, the dry money aspect of the question was thus faithfully indicated: "The English Funds have been very buoyant [Tuesday 16th March, 1852,] and the speech of Lord Derby has given pretty general satisfaction. Consols have been 98⅛ for transfer, and 98⅛ to ¼ for account!" And they have since steadily risen higher! Well might Lord Derby appeal to the beating of this "pulse," and well might discarded state doctors abstain from gainsaying the declaration of their rival!
The mention of Earl Grey's name reminds us of another coincidence between our own foregoing speculations, and the subsequent speech of Earl Derby. We noted pointedly his silence on the Colonial question—though in the provoking presence of Earl Grey. On the evening to which we are now referring, Earl Derby showed how nearly we had groped towards the truth of the case, by letting fall one or two sentences, like ominous drops of a coming storm, against which it would be prudent for Earl Grey to be looking out for shelter. Earl Derby was speaking of the presumed causes of the late Ministry's fall. "When the division on the Militia Bill had taken place, it was the ostensible cause; the real cause may be different—and perhaps the noble Earl [Grey] whom I see taking notes, may be cognisant of the real cause!" Let us hope that when the day of reckoning shall have arrived, that insulted and outraged veteran, Sir Harry Smith, will, amidst the indignant sympathy of the whole country, be alive and present, to witness Lord Derby's squaring of accounts with the late Colonial Secretary.