The Sun.
London, England, 1855-02-10 00:00:00

LLOYD'S SHIPPING-(THIS DAY.)

LONDON, Feb. 17.—Wind and weather this day at
noon, N ; moderate breeze, and fine clear weather.
PORTSMOUTH, Feb. 9.—Wind, N.E. Arrived—Orinoco
(s s), from Constantinople.
DOVER, Feb. 9.—W ind, fresh gale. Arrived—Robert
M. Sloraan, from New York, for Antwerp.
GRIMSBY, Feb. 9.—lt is reported that a large foreign
barque is on shore near Donna Nook, and that the crew
are lost. The Penelope (Austrian brig), from Ifull to
Newcastle, drove from her anchors, and got foul of the
B aCr
bot
jazo, leN Feb.s
DUBLIN,
Maria and Isabella (schooner), of Sunderland ; after getting
clear, she was run on the mud.
Feb.7.—Wind, N.E.. Sailed—Jane lanes, for
9.—The Galatia, from ~Liverpool, for
11,
Smyrna, is on shore at Port Oran. The o' the Wisp
(s s) is lost off Lambay.
OFF BEACHY HEAD.—Minna, from Cape Haytien, for
Bremen.
QuEENSTOWN, Feb. B.—Wind, N.E. Arrived—Ursula,
from Callao ; Lady Kinnaird, New York ; Imperador
(s a), Pembroke, for Corfu, to embark troops. Sailed—
H.M.S. Coasar, for Gibraltar.
CLYDE, Feb. B.—Sailed—Calypso, for Trinidad ; Dirigo,
New York.

(EY SUBMARINE AND BRITISH TELEGRAPH.)
GRAVESEND, Saturday, 10.2 a.m
Wind, E.N.E. ; tide, four hours ebb ; no.
Arrived—Rhine (s), and Hanover (s), from Ostend.
Sailed—Ocean (s), for Havre.

DEAL, Saturday, 9.24 a.m.
Wind, E. by, N. ; strong, clear.
Passing—The Fanny (schooner), from Constantinople,
for the river.
f9X the AM

We believe that events will speedily show a prescient
prudence of the course which Lord Derby has taken.
That he will be ere long at the helm of affairs we en-
tertain no doubt whatever ; and then will be seen how
solid is the basis which ho has laid for Conservative
ascendancy in the councils of his country. We see him
confidently biding his time, resolved not to assume till he
can retain the reins of power. It will by-and-bye be ap-
parent to even those now politically opposed to him that
his clear-sightedness and decision on the late occasion,
while attesting his political sagacity, have satisfied his
country of his patriotism, and his Queen of his wisdom
and devotion to her service. He proves to demonstration
that in the present state of the House of Commons his
Government would have been every moment at the '
mercy of a capricious and treacherous combination of
opponents, ready for such combination for one purpose
only—to oust him front power, as experience had but too
lately shown him. We cannot see what he could
do beyond what he did, under such circumstances, to
make au honourable advance to that one of the late
Ministry, Lord Palmerston, who seemed to Lim,
as it were by common consent, exempt from the
fierce censures passed on his companions. How that
advance was met we now know. But this brings us
to the disclosures of the explanation ; some portions of
which will delight, and others disgust the country.
It now appears that the Earl of Derby would have
had for his right-hand man him in whom the whole
country would have welcomed as the ♦ery plan for the
crisis—the E:trl of Ellenborough, whose indomitable re-
solution, powerful intellect, admirable eloquence, and,
above all, splendid qualification for military administra-
tion, would in an instant have re-assured the fainting
heart of the country—who would have been a host in
himself, but who would have fallen before the first blast
of faction from t►'e House of Commons, at the bidding
of an opposition specially coalesced for the occasion !
New we are very curious to know whether tiiie Earl
of Derby tlld Viscount Palmerston that the Earl of
Ellenborough bad consented to be War Minister in the
new Cabinet of which the Earl of Derby was to be the
head ? Probably he did ; and if so, all is explained.
The ambitious ♦iscount took the alarm ; the man of the
situation, before the country and all Europe, would be
the Earl of Ellenborough, and not Viscount Palmer-
ston, who, moreover, would not be Premier. So he
resolved coute qui coute, to retreat, without reason as-
signet], from Lord Derby's patriotic adval.ce, and the
country has lost, for the critical present, the incom-
parable services of the Earl of Ellenborough.
To fill up the gap for the nonce, Lord Palmerston had
recourse to Lord Panmurc—a man undoubtedly of con-
siderable administrative ability, but notoriously an in-
valid, and whose shattered health it is most unfair to
press into the public service on so urgent an occasion,
and with such incessant and overwhelming labour and
responsibilities. If Lord Paumure should soon be

foretl to retire, who is to tako his place The- country
will then look sternly towards those who deprived it of
Lord Ellenherough.
Another disclosure is, the Queen's prompt appeal to
the Earl of Derby, and unconditional commission. to
firm a Conservative Government, on the ono hand; and,
on the other, his assurance to her Maj. sty that she tnitibt
rely on him and his friends for a Ministry, should other
combinations fail. And a Ministry he can form which
will abundantly satisfy the country ; and it will be one
suppGrted by the overwhelinimr force of public opinion.
There were peculiar and delicate reasons why at this
conjuncture Lord Derby should not have dissolved a
House of Commons, however confident he might be that
it did not, as it assuredly does not, represent the sense
of the country. Circumstances may soon render that
necessary ; and we shall then see whether the country
will incline towards the Earl of Derby and his Conser-
vative friends, guiltless of the war, untainted with its
foul mismanagement, and admirably conducting the
affairs of the country, till overthrown by an unprincipled
cabal, who are alone, undeniably and avowedly, respon-
sible for the war and for its infamous mismanagement.
We fear the new cabinet will but too soon exhibit its
ricketty condition in divided counsels and feeble action,
in jealousies and dissensions ; but they may safely rely
on receiving from the Conservative party, however ill
the coalition may have deserved it, not only forbear-
ance, but a support without which they could not stand
a day. The Conservative party and the country will,
however, at the same time, keep their eye on Mr. Roe-
buck's committee, its constitution, and disclosures.

BANK Of FRANCE.

The following was the situation of the Bank on
Thursday, Feb. 8

CR. Fr. c.
Cash and ingots
Cash at the branch banks
Bills due yesterday to be paid to•day 618,314 39
Bills becoming due in Paris, of which
68,592,122 f. Oc. are from the branch

banks 183,263,741 56
Bills in the branch banks
Advances on coiu and ingots

in the branch banks
on public securities of France 25,880,536 10
in the branch banks
on railway shares and bonds 55,693,100
in the branch banks
to the State by treaty of
June 30, 1848 65,000,000
Rentes of the reserve fund 12,980,750 14
Rentes of disposable funds 52,467,809 68
Hotel and furniture of the Bank 4,000,000
Real property of branch banks 4,692,425
Expenses of administration 424,097 20
Oundries 359,765 63

Do.
Do.
Do.
Do.
Do.
Do.

1,047,480,671 15