Sunbury American and Shamokin journal. [volume] (Sunbury, Northumberland Co., Pa.) 1840-1848, 1846-01-31


When Lord John Russell threw up his cares.
there was no alternative but TO send for Peel; and
the most extraordinary move in this drama OF
C0binet.mnking is, that he felt as little apparent
hesitation in resumine the Office, as he cvinced
rrcmptncss in throwing it up. His resumption
of power Immediately made itself felt in every
branch of trade. Confidence, which had been
shattered by the railway panic, became paraly-
kets fell, the funds sunk, business was suspended,
and gloom, mist, hung over the commercial
and trading world. These evils are fast subsi,
ding with the causes that called them into exis-
tence.
Upwards of ten days have elapsed since it be-
came kuown that Peel was again Premier and
every day has shown improved symptoms in the
produce, share, money, and other markets The
change appears the more extraordinary, from the
fact that its future policy is as much the matter
of speculatons as the new comet-even more IN.
defet. nndeveloped Nobody knows what Peel
will do-but every one has confidence in Peel-a
singular proof Of the hold which one powerful
mind has over the sympathies and the prospects,
of millions Of people,
The London Examiner wttly observes in re-
ference 10 this prevailing feeling, "The beauty
of the present iuncture is nobody knows what
Sir Robert Peel is going TO do, and yet every bo.
dy is satisfied tha: he is man to do nobody
knows ,c5Gf
The Cabinet resumes power with its personnel
but slightly altered. Changes there have been.
but they are few, and, with one exception, unm.
portant.
Lord Wharneclife, the President Of the Coun.
Gil, who died from excitement produced by the
resignation Of his colleagues, is 10 be succeeded
by the Duke Of Buccleuch. Lord Elenboroush
is TO be the First Lord Of the Admiralty.
The Earl of Hadding,on is to have the office Of
the Privy Seal which the Duke of Buceleuch
filled. But the most striking change Of the whole
is the resignation ofthe Colonial Secretary, Lord
Stanley, and the appointment of Mr., w. E. Glad.
stone as his successor.
The following are the new members Of the Ca.
binet:
First Lord OF the Treasury, Sir Robert Peel.
Secretary ofihe Home Department, Sir R. G.
Graham.
Lord Chancellor, Lord Lyndhurst.
Lord Presiden, of the Council, Duke Of Euc.
cleuch
Commander in Chief, Duke Of Wellington
Secretary Of Foreign Affairs, Earl Of Aber.
deem.
Lord of Privy Seal, Earl of HaAdington
President Of the Board OF Control Earl ot
Ripon.
Chancellor the EIehequer, Right Hon H
Gonlburn
Chancellor Of the Duehy Of Lancaster, Lord
G. Somerset.
Commissioner of Land Revenues, Earl Lin.
coin.
Secretary Of War, Rt Hon S. Herbert.
President of the Board Of Trade, Earl Dalhou-
sic.
First Lord OF the Admiralty Earl of Ellen.
borough.
Po.tmas,er General. Earl of St. Germans.
Secretary for the Colonies, Hon. G. W. Glad
stone.
We need hardly trouble our readers with the
thousand and one rnmors which prevailed respect
ing the future policy of the Premier. Some as
sert that the reconstruction Of his Cabinet in
volved a compromise with his colleagues thai
instead of a total repeal of the Corn laws, which
the wings showed their incapacity to carry, Sil
Robert is TO suppose a fixed dnty Of twelve shil
lings, or six shillings per Gnarter-the figures
have a wide margin in the mouth Of Madame Ru
mor--to be decreased by shilling or two shi
lings per annum, until il expires in the course o
six or ten years. as the case may be. Others say
that permanent duty of three shliinss quar-
ter, with compensation 10 the landowner, enter
into the new policy. All this is so purely con
jectural that we mention il as proof OF the ab
sence Of correct information, and Of the diversity
OF opinion that prevails. Nothing definite will
in all probilty, be known until the meeting o
Parliament. Every possible preeauton will b
| taken TO prevent the Secrets of the Cabinet from
oozng ont, as they did when the London Time
published them month ago. The premature in
sight into Official secrets led, there is reason
to believe, to the important political conseqnen
ces which followed Bu; it requires, we think
| little sagacity TO determine, that if Sir Rober
! Peel NEEDLES at all with the Corn Laws-as med
die he will and must-hs next measure will b.
final one The time for any further tinkerini
has passed No half scheme will suffice Al
the elements OF agitation would remain as stron
and as vigorous as ever; and without the tcia
which the total abandonment of the present sys
ten would give him, the retention Of fixed du
| ty, however small would disgust all parties, an
| give satisfaction 10 none. The existing state c