Let us now proceed to show what pretence there is for the injurious insinuations and assertions of Sir Robert Peel's traducers—whether treacherous friends or open enemies—that, in order to obtain power, he hung out false colours to the nation; that his declarations before the general election have been disregarded and falsified by his acts on attaining office. We will for ever demolish all such calumnies and false pretences by going, step by step, through a document which we made a point of procuring at the time, and preserving hitherto, and to which we have since frequently referred, on hearing uttered the slanderous charges to which we allude. That document is a copy of the speech which Sir Robert Peel, on the 28th June 1841, addressed formally to his constituents, but virtually, of course, to the whole nation.

One of his earliest declarations was the following:—"Gentlemen, I have ever professed moderate opinions on politics. The principles I professed, and adhered to, I shall adhere to during my public life, whether in opposition or in power, are, I believe, in perfect conformity with the prevailing good sense, the moderation, and the intelligence of the great body of the people of England." This was a sufficiently distinct notice to all men, especially to those of extreme opinions, whether Tory, Liberal, or Radical, of the course of action which was to be looked for from the expectant Prime Minister.

Then, first, he proceeded to admit the existence of manufacturing distress.

"I admit and deplore it, but I do not despair. I have seen distress in manufactures and in commerce before now. I think the causes of the present distress are but temporary—that the cloud will soon blow over—and that the great foundations of manufacturing prosperity are not affected; and I hope I shall very shortly see the day when our manufactures will once more revive, and when we shall again fill the place we have always occupied—that of producers for the markets of the world."

Now for its cause.

"Now let us consider the important question, as to how far the distress in the manufactures and commerce of the country is fairly attributable to the corn-laws." He proceeded to show, from Lord Palmerston's official statement in Parliament on the 22d July 1840, that, between the years 1830 and 1839, the exports had risen from the value of L.38,000,000 to L.53,000,000, and the imports from L.46,000,000 to L.62,000,000, "a clear proof that, notwithstanding the local and temporary checks which our commerce had experienced, on the whole it had gone on steadily improving, and that between the two periods it had increased not much less than from two to three."

He then took the shipping and navigation of the country for the preceding three years; and in looking at them, I cannot help thinking that, if there was any thing like an absolute decrease in trade and commerce, there would also be a decrease in the shipping of the country. "Well," said Sir Robert Peel, "What do I find?" The returns "showed an increase, presented within the last three years, from 4,000,000 tons to 4,780,000 tons." Now mark—"during the whole of this period the corn-laws were in operation; how then can they be fairly or honestly assigned as the cause of the present manufacturing and commercial distress?"

But if the corn-laws were not, what was the cause?

"I see causes enough in the world, as well as in this country, why there should be manufacturing and commercial distress at the present moment, irrespective and totally independent of the corn-laws."

These were—