The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1853-01-04 00:00:00

LONDON.

The Standard says, the non-arrival of the Australian
is beginning to give rise to a good deal of uneasiness, she
being now fully a month overdue. We understand that a
large amount of business has been done at Lloyd's, in
insurances of the vessel and cargo, at very high rates of
premium, and especially since the arrival of the Marco
Polo, now a week ago.
AUSTRALIA.—The Phoenician, with 60,000 ounces of
gold on board, is reported this morning from Australia.
The letters and papers are of old date.
REPORTED Loss OF THE SPARROWHAWK, WITH MR.
HEALD ON BOARD.—This report is stated to be untrue,
Mr. Heald having arrived at Cadiz.
OXFORD UNIVERSITY ELECTION.—The Globe is au-
thorised to state, that the Marquis of Chandos will not
oppose Mr. Gladstone's re-election for Oxford University.

HALIFAX ELECTION.—The show of hands was in favour
of Mr. Henry Edwards, and a poll was demanded for Sir
Charles Wood.

CITY OF LONDON ELECTION.—Lord John Russell was
elected to-day, without opposition. In the course of his
speech, he said, the opposition to Lord Derby's Govern-
ment had been more forbearing than any opposition in the
history of the country ; and when Lord Aberdeen offered
him office, he felt bound to accept it. He believed the
Derby Administration had betrayed their own supporters,
and had deluded the agricultural and, shipping interests.
The Derby Administration should have taken one of two
courses. Either to attempt to carry out their own views,
or to have at once dissolved Parliament, and appealed to
the country. The conduct of the Ministry was unusual,
and he might say unconstitutional. He had called a
meeting of his supporters on the subject, but they still
forbore to press the Derby Government, and gave
them time to propose their measures. In 18-H, when
Lord Melbourne proposed the alteration of the timber,
sugar, and corn duties, he at once dissolved Parliament,
and appealed to the country ; but the Derby Government
took ten months to do so; and when an appeal had been
made to the country, still Government kept the country
in doubt as to the question of Protection and Free-trade,
and it was therefore incumbent on him and others to make
Government give an explicit explanation, and he, there-
fore, supported Mr. C. Villiers's motion. On that
motion the Free-traders were defeated, and, fortu-
nately, because it gave the Derby Ministsy an opportunity
of showing how little that Government intended to
benefit farmers, and how much they attempted to
oppress the inhabitants of towns. The late govern-
ment proposed a revision of taxation, and he had been
ready to assist in carrying such a system, if it was
fair and equal. But the budget of the late government
was to benefit one class at the expense of another.
It was their misfortune to pay taxes for war which had
been carried on by their forefathers ; but those debts
must be paid, and nothing could be more un-
wise than to inflict new taxes. The late ministry
had given up two of their points ; but a third point they
could not give up without making themselves impotent.
He saw no necessity for doubling the house tax ; and, be-
cause they opposed that measure, they were accused of
conspiracy. (Cheers). The late ministers having been
defeated, it was necessary to form a new administration.
If he had been called upon by his Sovereign to form a
new administration, he would not have undertaken the
duty without having a majority of the House of Com-
mons ; and, therefore, it became necessary to have an
administration combining several parties ; under those
circumstances, he thought it was his duty to join the ad-
ministration of Lord Aberdeen. He would have been
better pleased not to have accepted office ;, but Lord
Aberdeen and his friends, and his (Lord John Rus-
sell's) own friends, thought that he must join the
Administration in order to strengthen it. (Cheers.)
They might be sure that, without taking pledges, he had
satisfied himself that Lord Aberdeen was a sharer in his
(Lord J.Russell's) opinions. He knew Lord Aberdeen was
in favour of the removal of the Jewish Disabilities (cheers);
and they might be sure Mr. Gladstone would direct
his attention to Customs' duties. (Continued cheering.)
With respect to the Income Tax, the Chancellor of
the Exchequer was directing his attention to it with the
view of amending the schedules, so as to make the Income
Tax as little obnoxious as possible ; and' he could assure
them everything would be done, which could be done, in
order to make the Income Tax unobjectionable as possible.
(Cheers.) But they must remember that, faulty as the
Income Tax was, it had been the means of relieving people
from twelve million pounds of taxation. With regard to the
ballot, he was against secrecy in everything ; and among
other things secrecy of voting, but the late election had
disclosed such a scene of corruption, that he would turn
his mind to diminish the evils of the present system.
(Cheers.) Government would bring forward measures of
Reform, but the time and manner of doing so, must be left
to Government. With respect to Foreign affairs, he was
happy to say their relations with Foreign powers were
those of peace and amity. (Cheers.) With regard to
any injustice being done to a subject of Great Britain,
whenever such an occurrence arose, he would imme-
diately bring the matter before the offending Government. ,