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TUESDAY MORNING, JAN. 24, 1854.

A SPEECH from the Throne, whether on the
opening or closing of a session, is usually so much
a document of course, containing little more than
set phrases of established usage, that it is merely
an amiable delusion to profess to feel any anxiety
for its perusal. This will not, however, be the case
next week, when the speech will be looked for with
more than ordinary interest. It is not that the
public will be curious to learn whether Lord JoEDT
RUSSELL has induced his colleagues to agree to his
pet project, or whether the visitation of the cho-
lera and sanitary improvements have received their
due share of ministerial attention; but all will be
on the tip-toe of expectation to read the paraphrase
of the well-worn sentence, that Her MAJESTY
continues to receive from Foreign Powers the
most flattering assurances of amity and good will.
Such an assertion would be an enormous draught
on popular credulity, and it will require consum-
mate ingenuity to allude to the subject without
showing that our Foreign policy is in a far worse
condition than it was left by the Earl of DERBY'S
Cabinet. Turkey is suspicious of our professions
of friendship ; Russia is all but in open war with
us ; Austria would betray us to ruin if she dared ;
with France we are but on hollow terms ; the
Northern Powers hold aloof, as if afraid to trust
us ; while in China we have not yet resolved whe-
ther to be friendly with the Imperialists or the
rebels. A year ago we were at peace with almost
all the world, and now it would be difficult to turn
in any direction to find real cordiality, except it
may be the little kingdom of Belgium. It will
need all the ability of Lord PALMERSTON, who was
induced to remain in office for the purpose, and all
the boasted tact of Lord JOHN RUSSELL, to recon-
cile the truth with anything like a plausible state-
ment.

So much for Foreign affairs, and those at home
present scarcely less difficulty, though the depart-
ment of the bHANCELLOR OF THE EXCHEQUER
may discourse with much seeming satisfaction on
the surplus revenue of the year. The paragraph
has almost become stereotyped, to congratulate
the country on the great success of the present
system of Commercial Policy ; but the phrases
must be materially altered to suit the altered cir-
cumstances. The gold discoveries, it is true, have
stimulated exports ; but " the comforts of my peo-
ple" will hardly be implied by allusions to thousands
in Lancashire out on strike for months, bread riots
in the west of England, a dread of similar demon-
strations in Ireland, and dear food everywhere.
These will be no proofs of plenty or content, and
yet such were to be the results of this much be-
praised policy. Nor can the Ministers allude to
any settled purpose of policy to form the business
of legislation for the session, for any such promises
must be made with the conviction of their own
speedy dismissal from office. The QUEEN'S
Speech must, therefore, be a document more curi-
ous than valuable, and will be looked for with
more anxiety than any similar document since the
memorable session of 1846, when the late Sir
ROBERT PEEL openly proclaimed his own treachery,
and precipitated Ms own downfal. _

THE great importance which seems to have at-
tached to the quarrel still pending between Russia
and Turkey has arisen, in a great measure, from
the extraordinary and exaggerated opinions which
appear to have been entertained of the power and
resources of the first-mentioned empire. The
public mind has confounded size with strength.
We look on the map of Europe, and finding Rus-
sia larger than all the rest, while her Asiatic ter-
ritory is larger still, are apt to imagine that her
power is in proportion to her magnitude, forgetting
all this while that England is almost the smallest
state—indeed, a mere speck in the western corner,
and that she maintained a contest against a world.
in arms, preserved her own territory in peace, and
came out victorious from the conflict, triumphing
over all opponents, both by land and sea. We
read of the vast levies made by the AUTOCRAT of
all the Russias, of his boundless wealth, and of his
despotic authority over millions of the human race,
without considering that Britons are freemen, while
the CZAR commands only slaves,whose numbers may
be great on the 3.uu§ter,:oll, but whose powers in the
field are little more than sufficient to swell the list
of the killed and wounded, even when opposed by
infidel Turks, who know comparatively little of the
strategy of modern warfare, and who have none of
the stamina and genuine pluck of British troops.
Before we magnify Russia into a power which
England has any reason to dread, let us look at
her antecedents, and we shall search in vain for
any acts of military prowess which should give us
the slightest concern as to the issue, supposing
circumstances should compel us to resort to the
last appeal—the dread arbitrement of war—in
order to repair the mischiefs caused by Ministerial
vacillation. It is true that the Russian forces
overwhelmed the little kingdom of Poland, but it
was by vast superiority of numbers over a people
whom bad government had reduced to the condi-
tion of slaves, and in a territory immediately ad-
joining. Russia may claim the credit of giving
the first effectual blow to the domination of
NAPOLEON BONAPARTE, but the French general
was vanquished by the frost, and would have been
unsuccessful in his mad design had Russia not
moved a finger. By the assistance of Russian
forces the EMPEROR of AUSTRIA was enabled to
reduce his rebellious subjects in Hungary to obe-
dience, but the victory was half achieved before,
and the foe had neither physical nor moral force
to oppose. But what shall we say of the little
band of freemen in the mountains of Circassia,
who, for many years, have successfully bid defiance
to all the power of this mightzy ArTocRAT, whose
name seems used as a bugbear to frighten the
members of the Peace Society. There is no dis-
puting the vastness of the dominions of the Eli-
Imlon NICHOLAS, 111 A command of wealth, and his
absolute cptrQui aver his subjeets, but these ore