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FRIDAY, 3IAY 2, 1856

Piarrytolitics are again becoming unfathomable.
All sides lack strength, and appear resolved to
make the most of their weakness. Mr. WHITESIDE'S
elaborate briet has broken down before a packed
jury ; but this only proves the existence of that
general debility which the fiercest eloquence could
not ovArcorne or remove.. The PALMERSTON policy.
is/ however, no mystery. Centralisation at home and
abroad—the former to feed prodigality by patron-
age, and the latter to indulge that most, dangerous
habits namely, intermeddling incessantly as medi-
ators or dictators in the affairs of other countries.
Both of these courses, if adopted as governmental
principles by a British Ministry, must sooner or
later bring about its author's ears the bitterest
opposition of all parties in England, and in
foreign States. But there are other matters
which will bear with an hundredfold greater
weight on the present government' than the
failure of . all their political views put
together. We have a war budget to provide for in
piping days of peace." We require an expansion
of trade, in some degree commensurate with our
losses by war. The terms of peace will not
justify our making those reductions in our naval
And military forces which our material condition
requires. The State is imperatively urged to adopt
measures for the social improvement of the
masses, such as providing a system of national

education. Increased expenditure and large
reductions in local and State burdens are
demanded on all hands ; and to those complexities
a score of others might be added to swell the knotty
rebus which British, and, indeed, European rulers
have to solve.

Nations do not return 7frorn war to peace like
" giants refreshed." The havoc of the sword is
invariably left to be repaired by reason, and hence
we find all • the Powers of the Continent
exceedingly solicitous to push forward the
construction of railways, the establishment
of those manufacturers of debt—credit banks
—and the developement of their national
resources. On the realisation of these objects
the preservation of the present social fabric of
Europe depends, and in the race of reason Great
Britain must not stand still. We can hardly be
asked to wait for the advice and consent of an
international commission to do this, that, and the
other, to improve our industrial and mercantile
condition. We question if any natural expansion
which may take place in trade, will render the
limited reduction which is likely to be made in
the State expenditure, at all tolerable. 90,000,0001.
or 100,000,000/. of taxation is much easier paid
from war prices, than 70,000,0001., or even
60,000,0001., from "peace markets. If we export
120,000,0001. this year, we shall not be as well off,
as prices will be lower, as we were in
1855. Living will be cheaper, but the monetary
pressure will be the same. The many advan-
tages anticipated from a return of publ e
confidence will be shown in the preference
given to Russian railway shares, and other foreign
stocks, over British consols, and other descriptions
of our home securities. To check this " reckless
" buoyancy," the Bank of England screw will -11.4 -
applied, and those meausieTaip.loyf4 mlaich-lead to
" a fall, geii"e;rEktryciii:,tlte!p;,ices of commodities, to
" get back gold." These are the stern realities
which lie under that flimsy and dangerous policy,
on which the PALMERSTON Cabinet seem to plume
themselves.

Petty politics are no more than straws on the
surface of a mountain torrent, when the great
social waters begin to heave, and the baneful
consequences of resorting to contemptible clap-
trap, where the enlightenment and unimpeachable
honesty of the statesman ought to be resorted to,
break forth on great industrial communities. Lord
PALMERSTON does not, surely, suppose that arbi-
tary Police Bills, Centralisation Schemes, Spoilation
Committees, the creation of fat sinecures for earnest
supporters, and all those ephemeral state tactics,
which he has so often exposed, and ably denounced
in others will meet all the difficulties to be en-
countered in a sudden transition from war to
peace ! His CHANCELLOR of the EXCHEQUER'S
Budget will show us how he proposes to provide
the ways and means to support the lavish expendi-
ture already sanctioned by Parliament, and which
has, doubtless, been fully appropriated before
this, or will be required before the close of the
current fiscal year. To get the entire estimated
amount from the present sources of income,
appears to us to be wholly out of the question.
What, then, will be done ? Are "protective" duties
to be resorted to for purely revenue purposes ?
Shall we be driven back on veritable usury and
imaginary " protection ?" These are the questions
which ought to be engaging the attention of 'the
Imperial Legislature, and not unconstitutional
innovations on the civil rights of the subject, and
impolitic intermeddling in the affairs of other
countries.

Corn and cotton famines and money panics are
Great Britain's greatest dangers and most deadly
foes. Add to these, prodigality in our state and
corporate expenditure, and we have the worst
political scourges increasing the fearful intensity
of the afflictions which are inherent in our present
artificial condition. Probably Lord PALMERSTON
is waiting patiently for an unmistakeable concur-
rence of untoward events to overtake this cabinet
before the noble Lord touches on finance, or
will vouchsafe to let the mercantile world know
what articles of commerce are market for the
re-imposition of prohibitive duties. The annuitant
classes labour under a vary strong conviction that
some reduction will be made in the income or
" property tax," and if that impost is to be raised,
it would be a great consolation to them to know
it, that they may take the necessary prudential
steps in due season. That the members of the
House should be perpetually putting the
most trifling questions to the Premier, and
taking up the public time, when there
are so many really important matters which the
country is anxious to know something about, is
very singular. That the expenditure must forth-
with be reduced by some millions, or the present
tariff of taxation increased in some direction is
quite certain ; and it would be but fair to all
classes to let us know what we are to gain in
the way of social amelioration, as set off against all
the party trash and Ministerial twaddle of the
day.