We have not deemed it proper, to mix up with the special argument of this article those political, moral, and social considerations of gravest import, as connected with the possession, the government, and the improvement of colonial dependencies, which constitute a question apart, the happy solution of which is of the highest public concernment; and separately, therefore, may be left for treatment. But in the economical view, we may take credit for having cleared the ground and prepared the way for its discussion to no inconsiderable extent. Nor have we thought it fitting to nix up the debate on differential duties in favour of the colonies with the other objects which have engaged our labour. We are as little disposed as any free trader to view differential duties in excess, with favour and approval. The candid admission of Mr Deacon Hume on that head, that in reference to the late Slave colonies the question of those duties is "taken entirely out of the category of free trade," should set that debate at rest for the present, at all events.


A SPECULATION ON THE SENSES.

How can that which is a purely subjective affection—in other words, which is dependent upon us as a mere modification of our sentient nature—acquire, nevertheless, such a distinct objective reality, as shall compel us to acknowledge it as an independent creation, the permanent existence of which, is beyond the control of all that we can either do or think? Such is the form to which all the questions of speculation my be ultimately reduced. And all the solutions which have hitherto been propounded as answers to the problem, may be generalized into these two: either consciousness is able to transcend, or go beyond itself; or else the whole pomp, and pageantry, and magnificence, which we miscall the external universe, are nothing but our mental phantasmagoria, nothing but states of our poor, finite, subjective selves.

But it has been asked again and again, in reference to these two solutions, can a man overstep the limits of himself—of his own consciousness? If he can, then says the querist, the reality of the external world is indeed guaranteed; but what an insoluble, inextricable contradiction is here: that a man should overstep the limits of the very nature which is his, just because he cannot overstep it! And if he cannot, then says the same querist, then is the external universe an empty name—a mere unmeaning sound; and our most inveterate convictions are all dissipated like dreams.

Astute reasoner! the dilemma is very just, and is very formidable; and upon the one or other of its horns, has been transfixed every adventurer that has hitherto gone forth on the knight-errantry of speculation. Every man who lays claim to a direct knowledge of something different from himself, perishes impaled on the contradiction involved in the assumption, that consciousness can transcend itself: and every man who disclaims such knowledge, expires in the vacuum of idealism, where nothing grows but the dependent and transitory productions of a delusive and constantly shifting consciousness.

But is there no other way in which the question can be resolved? We think that there is. In the following demonstration, we think that we can vindicate the objective reality of things—(a vindication which, we would remark by the way is of no value whatever, in so far as that objective reality is concerned, but only as being instrumental to the ascertainment of the laws which regulate the whole process of sensation;)—we think that we can accomplish this, without, on the one hand, forcing consciousness to overstep itself, and on the other hand, without reducing that reality to the delusive impressions of an understanding born but to deceive. Whatever the defects of our proposed demonstration may be, we flatter ourselves that the dilemma just noticed as so fatal to every other solution, will be utterly powerless when brought to bear against it: and we conceive, that the point of a third alternative must be sharpened by the controversialist who would bring us to the dust. It is a new argument, and will require a new answer. We moreover pledge ourselves, that abstruse as the subject is, both the question, and our attempted solution of it, shall be presented to the reader in such a shape as shall compel him to understand them.

Our pioneer shall be a very plain and palpable illustration. Let A be a circle, containing within it X Y Z.