The Sun.
London, England, 1852-02-27 00:00:00

LON

Std, these are stiff prices; of Cayenne 60 cases realised
711 to 8d for ord; 92 his Cinnamon duty paid, ord coarse
and woody is Id; 10 cages wild Mace 2d. Of Calicut
Ginger 200 cases at 32s to 37s for good to mid.
SPIRITS.—Of West India Rum several arrivals have
taken place. Leeward Island is held for is sid to Is 7d
proof. In East India sales have been limited, at is 4d
to is 4id. Demerara, met with less attention.
and holders are more inclined to sell at 2a to 2s 4d
for 28 to 40 over proof. Former terms are barely
sustained for Jamaica. There are sellers of choice
marks 34 to 38 over proof at 3s 8d to 4s, fine ditto 3s to
3s 6d, good 32 to 35s over 2s 7d to 23 10d, mid 2s 4s to
2s 6d, and low, 27 to 30 over 2s 2d to 2s 3d. Previous
rates are generally sustained for Brandy. The value
of Cognac best Brands of the vintage of 1851 is 4s ad
to 4s 4d, 1850 ditto 4s 5d to 4s 7d, 1849 ditto 4s 9d to
4s ltd, 1848 ditto 5s 3d to 55 sd, older 5s 6d to 6s 6d,
low to mid sorts 2s 6d to 4s, and Bordeaux 2s to 2s 2d.
For British made Spirit rates are 93 ltd to lOs nett
cats; Gin 8s 6d for 22, and 17 under 9s, Geneva has
been selling at is 8d to is 9d, and fine is 101 to 2s 2d
per gallon.
COCIIINEAL.—A good demand prevails, and last week's
rates are sustained, although supply is plentiful. At
Auction 270 bgs nearly all sold; ord to fine Honduras
silvers at 3s to 3s 4d, mid to fine black 3s 101 to 4s 7d,
gaxican, 3s 5d to 3s 7d, and good silvers 3s per lb.
INDIGO.--Since the conclusion of the quarterly sales
of East India, several parcels have been taken privately
for home use and shipping; the previous rates are well
supported. At auction 166 chts Manilla sold at is 46
to 3s 101 Spanish in good demand at former terms.
On the Bth March 770 erns Guatimala will be offered at
auction.
OILS.—Today a public sale of 400 cks Palm Oil went
at 25s to 26s 9d for mid to fine; 500 pligs Cocoa Nut
Oil in part sold, Cochin at 33s 6d to 36s for mid to fine.
TALLOW.—To-day the market further improved, and
at the aucttons nearly every thing sold at 9d to Is ad-
vance. 161 cks South American sold at 35s to 35s 9d;
545 aka Australian sold at 343 3d to 363 3d; 17 aka
Galatz 25s 9d; 35 cks Belgian 353 to 355.3 d; 650 cks
St. Petersburg Y. C. stranded at 28s ad to 35s 9d. New
Petersburg Yellow Candle on the spot at 36s to 36s 3d.

IMPERIAL PARLIAMENT.
(THIS EVENING.)

HOUSE OF LORD S:
Lord REDESDAL took his seat on the Woolsack, in

the absence of the Lord Chancellor, at Five o'clock.
On the Treasury bench were Earl Derby, the Earls of
Malmesbury, Eglinton, Salisbury, and Lonedale. The
Marquis of Lansdowne, Earl Grey, Lord Minto, and
other members of tho late Ministry were on tho Opposi-

Lion bench. The galleries of the Peeresses wore crowded,
asiwere also the space allotted for Members of Parlia.
went and strangers. At a few minutes past Five,

MINISTERIAL EXPLANATIONS.
The Earl of DERBY rose and said that the place

which he now occupied not only called upon him to jus-
tify the occasion of his being there, bat also imposed upon
him the absolute necessity of endeavourieg, as shortly snd
as concisely as possible, with the frankness due to the
audience which he addressed, to explain the uses
tires which had induced him to undertake tho
duty of forming an Adminisation, but also to
lay before their Lordships the outline of
the course which having undertaken that responsi-
bility he felt it incumbent on him to follow out. Be-
fore he proceeded, however, to the general subject he
could not deny himself the gratification of thanking the
Noble Marquis opposite for the expressions which he had
used the other night. He could not value too highly
such testimonials coming from a man whom
from earliest b (se hood he lied been taught
to look upon with hereditary reverence, and
for whom as advancing years rolled on those feel-
ings ripened into sincere respect and admiration, which,
he was proud to say, had never been lessened even by
the different circumstances in which they had been
placed. It was one advantage in party warfare in this
country that men of far more widely different opinions
than those of the Noble Marquis and himself might
continue to entertain for each other feelings
of personal esteem and admiration unembittered
by tho contentions of party. Ho trusted, however,
that which be had heard had not been correctly reported
to him, that the Noble Marquis entertained an intention
of retiring from the more active political duiie—s
which ho had so long discharged. It might, how-
ever, be a consolation to him to know that he carried
with the warmest esteem and admiration of those with
whom be had been associated, for their fair, uncom-
promising, dignified, and perfectly courteous man-
ner in which ho had discharged those duties. It
would bo an encouragement to him to know that a
future generation would point to him how, after a pe-
riod of nearly fifty years occupied in public service, a
statesman would retire, carrying with him the sincere es-
teem of his political associates, and the admiration and
respect of his opponents. After thus relieving himself of
a private duty, he must proceed to the more arduous
portion of his task. It was unnecessary to speculate on
the causes which had led to the downfall of the late
Government, ho himself had so little expected upon the
particular occasion that ho had gone down to the
country to remain for three or four days. It
was, therefore, with great surprise that ho bed
received intelligence of the resignation of the
Ministry, and upon arriving is town had received her
Majesty's commands to wait on her at half- past
two next day. He bad then to consider the
groat responsibility on one band of undertaking
the task of forming an Administration, and on the other
hand, of leaving the Queen and the country without a
Government. After weighing all these considera-
tions, and with a deep sense of his responsi-
bility and of his own ability, he had decided
to undertake the task, and on communicating with
those whom be had felt it to bo his duty to in-
form of what bad passed he was strengthened in
his determination. It was his duty, therefore,
having undertaken his task, to state frankly, without
disguise, what course he meant to pursue. With respect
to foreign policy, he was sure there was no one
who would not agree with him eiu the necessity
of maintaining universal peace.—(Hear, hear.)
He believed that peace would be best maintained, by
pursuing towards all foreign powers a calm and tempe-
rate course of conduct, nor only in our acts alone, but
in our words and expressions, and by adhering with
strict fidelity to the letter of the obligations im-
posed upon us by treaty, and in respecting to the
utmost degree the independence of all nations, great or
small, and their right to manage as they please their
own internal affairs.—(Cheers.) Ho believed that the
Constitution under which we had the happiness to live
was the best that could possibly be devised for securing
the liberties and happiness of the greatest number
and while he should bo glad to see other nations ex-
tending the blessings of our institutions, he should al-
ways insist that we had no right, as a nation, to display
any prejudice towards the form of Government adopted
by any country, be it the most absolute despotism
be it an unlimited Monarchy or be it a constitutional
Republic.—(Hear, hear.) He concurred with the Noble
Lord, the late Secretary for Foreign Affairs, that na-
tions should act towards each other with dignity
and forbearance; and that nations, like pri-
vate individuals, would find it more to
their advantage to make ample reparation for any
injury it may have inflicted, either upon a nation or the
subjects of a foreign nation, with cheerfulness and
promptitude whenever the circumstances of the case
demanded it.—(Loud cheers.) On the other hand,
he was convinced that if we should have occca-
sion to complain of the conduct of another
nature the course open to us was equally as plain and
simple. We should calmly and temperately state our
cause of complaint, without indulging either in strong
language or vituperation, and rely confidently upon
the honour and justice of those to whom the
complaint should be made.—(Cheers.) He could not
but think that acting steadily upon this principle and
acting steadily upon the other principles of forbearance
which ho had endeavoured to explain both towards the
most powerful and the meet weak of the na-
tions of the earth, he should not only be enabled
to maintain the blessings of peace, but enabled further
to receive towards this country the good will and friend-
ship of the various nations of the world.—(Hear, hear,
and cheers.) Ile believed the preservation of a
good understanding between the various nations of
highest degree of ireportance to this
for England to promote that
Europecountry;gtogood
lytisayto preserve a strict neutrality
s
in respect to the internal affairs of each country.—
clweati ne
ot
(Cheers.) Ho believed our navy never was more
of
thed thenognlyw
efficient than it was at this present time.—
(Cries of " Hear, bear.") He believed it would
effectual, whether it was for the purpose of guarding
our shores from attack, or whether it was to guard our
distant possessions and colonies, or to protect that
almost boundless extent of commerce which wan-
ders over every sea, and visited every port through-
out the known world.—(Hear, hear, and cheers.) For
all such purposes, he believed our navy was never more
efficient than it was at this moment, and so he
hoped
it would ever continue to be.—(Cheers,)
He believed also that the military service of the coun-
try was most efficient, but still not so numerically large
as to give the slightest ground of jealousy to any
foreign power. The disposition of the people was
against large standing armies, and they had no desire
to extend the dominions of the Crown, far less to
to engage in any warfare with another country. Se
believed if the country was threatened •
with invasion, the
people of England and Ireland would rim as =man for
_ _

the purpose of protecting their own rights. The Noble
Earl then deprecated the attempt to get up an invasioti
panic, which of itself, was without any real grounds for
suspecting an invasion gave rise to the necessity of pre-
paring additional armaments. Still he thought the ar-
cient:military force of the country which hal been for-

merly resorted to, should be placed under better organi-
sation and discipline. The Noble Lord next adverted to
the refuge which the country afforded to political refugees
from foreign nations, and though the ancient principles
of the Constitution would be adhered to, he should deem

it his duty to inform foreign Governments of any steps
which those persons might take while here to ups, t
their native Governments. On the financial and

commercial policy of the Government, he said he still
entertained the opinion that he saw no reason why corn
should be the only article among foreign imports which
was to be exempted from duty. He approved of the

principle of taxation adopted in the United States
of taxing all those import(' which entered
into competition with the produce of their own moil. The
American system appeared to him to be the easiest to de-
pend upon in principle and the least burdensome in prac •
tice,but though he did not shrink from avowing his opinion
As to:the irepoaition of a duty on corn, be would state
what he had done on former occasions that the question
was one which could only be solved by a reference
to !the well-understood and clearly-expressed opi-
nion of the people.—(Cheers.) That a measure
of this kind could only be carried by a Government pos-
sessing the confidence of the country and of Parliament.
—(Hear.) He readily avowed that he did not possess a
a majority in the other House, nor was he sure that he
had a majority in this House. He, therefore,
thought be should not consult the public interest
if at this period of the year, and in the
present circumstances of the world, he in-
terrupted the regular course of legislation,
in tho other House. He confessed he thought it
would be for the advantage of the country if
the Government took a much humbler, but
perhaps not less rueful task than reviving the question
fo Protection. He avowed as be could not command
a eto makeamajority that the Government would
h
appeals to the indulgence both Houses,
ands vh Parliamentary
had
sufficient e
confidence in the good sense and
judgment
of the
House of Commons, to think that they
woul not unnecessarily introduce '.[subjects of a
controversive
,or of a party nature, for the
mere purpose of interrupting sound and useful
legislation, and depriving a Government which
owned its weakness of that modorate and temperate
which it had chalked out for itself. There were
subjects enough to discuss without dealing with large or
complicated question such as measures of legal re-
form, and several measures for improving the
condition and comfort of the people.—(Hear, hear.)
He, believed that the Government, even with a mi-
nority in the House of Commons, would not if such a
course were adopted, be altogether useless in conducting
the business of the country.—(Hear, bear.) If any
factious opposition was offered it would, he was
assured recoil upon its authors. The Noble Earl then
stated it was not his intention to proceed
with the Parliamentary Reform Bill.—(Hear, hear.)
He could solemnly aver, in the presence of that Provi-
dence which disposed of the affsirs of men, that no per-
sonal ambition of his own had led him to seek that dan-
gerous eminence which the favour of his Sovereign had
imposed upon him, and with that conviction, be his Admi-
nistration long or short, he would not only have attained
his heart's desire, but have fulfiled the highest ambition
which mortal could aspire to—to secure the great objects
of peace upon earth and good-will towards men, of ad-
vancieg the social and moral improvement of the
country, and the safety and honour of his Sovereign.
The Noble Earl sat down amid loud and univeral
cheers.
Earl GREY had heard with regret and consternation
intendede opt4paepplely, an
andthat falseprinciple
it was
thatorfi foodnthanoceNtooblethEearl
of th
intended to introduce on the part of her Majesty's Go-
vernment a measure to reimpose a duty upon corn,—
(Cries of " No!" from the Miniatorial side.)
The Earl of DERBY—The Noble Earl is mistaken.
What l did say was this, that I saw no reason, in my
own opinion, why corn should form an exception from
the general principle.
(LEFT SPEARING.)

HousE OF COMMONS.
The SPEAKER took the Chair at a few minutes to
Four o'clock.

_
NEW MEMBER.
Sir B. BRIDGS3 took the oaths and his seat for East
Kent.