The Arkansas banner., 1846-02-04


 ment which we made yesterday-nameIy- that Parliament, instead of being summoned for the dispatch of business, would be aqair prorogued The other and more mpofIan part ot our announcement is, we believe equally correct The Cabinet, we are as sured, resigned yesterday 1t is confident, said, that so far from the Cabinet having. q any tune, come to a decision 10 recommend the repeal of the Corn Law, large meiorily of his colleagues have, throughout, been op, posed to Sir Robert Feels recommendation
 The Post, which would feign be consid- cred Ministerial journal, is the only mor- nlng paper which is silent on the subject o the resignation. It tspecuales as to the meet ing of Parliament, as follows:
 At court held yesterday, by Her Maies- ty, at Osborne House, it was ordered that Parliament, which previously stood pro- rogued till Tuesday, the 18th instant, should be further prorogned until Tuesday, the 30tll instant; and as no intimatol IS given that the meeting in the latter day will be for the dispatch of business, there can be no doubt that another propagation will lake place l. Is, of course, quite clear now that the Par liament cannot assemble as has been stalcd In the first week of January, and the proba- blllty Is, that the short propagation just or dered by the Queen in Council, IS only in- tended to give time for finally arranging the day of meeting for business The proroga- tlons immediately preceding the commence ment of the sessions, have of late years been much longer than the present one. In 1913 Parliament was prorogned from the 18th ol December, to the lst of the ensuing febru- ary; and i'll l844, from the l2tIi of Decem- her, to the 4th of February in the following year"
 Astounding as was the effect of this im- portanl intelligence on Change-eXcitng the hopes of some, and dGmping the prospects of others-it can scarcely be said to have come upon us altogether by surprise. Ru- mofs, pregnant, as ltnow appears, with truth, had been for four and twenty hours before the public. and although they proceeded from sources not the most likely 10 be i'll the secrets of tine Government, they were believed by many shrewed parties, who saw, Ill the uncertain aspect of affairs, much to confirm their truth. The Morning Caroni. cle, of Wednesday. published the following:
 s'A rumor prevailed in the clubs last night which we deem il right to publish, as good deal oi credit was attached 10 it. Il IS said that the Duke of Wellington refuses to sup port any alteration m the Corn Laws, and that ill consequence of the difficulty thus created, Sir Robert Peel has determined to resign. Il is added, in confirmation of this statement, that ii was determined at the Cab inet Council, held on Monday, that PaIlia lament should be again further prorogued, instead of being summoned by proclamation for the dispatch oi business"
 Ind although the Sun of the same eve hing attached but little credit to the gumor,' the Globe said:
 ''We must add that reports reach Us this morning faom a source likely to be well n- formed, conirmatory of Sir Robert Peel's intention of immediate resignalion.n
 All doubts. however, are now dispelled, and Her Majesty's responsible advisers hold office only until their successors are appont- ed
 What is to be done now?-is the question which naturally suggests itself to every mind. Will the Queen send for Lord John Russell, impose upon him the responsibility of form ing another Cabinet, dissolve the Parliament, and appeal to the people upon the great question which at present agltates the pabl C mind: Or will coalition take place be- tween the present Prime Minister and the leader of the Opposinon-and the proposl- tons of the Premier, as given to the world by the Times, be at once carried out? How ever much we might desire the former course confident as we are of the favorable re- suit Of such an appeal-we feel that 1t would be far too iardy in it's operation. With Wal on one side, and famine on the other, the country is ia immin nt peril, and demands relief by extraordinary means. The imme- diate shock which such a step would give 10 the money market; the delay that would be occasiohed in parliamentary b0sness, up on matters which have for so many months almost exclusively engaged the attention and capital of the country. would be serious inconvenience As to the latter course, there are too many obstacles in the way, even Ii 1t were desirable. Again, therefore. returns the question, NJ hat is to be done3 The only answer that can be given at present, is,- Lime will show"
 We cannot, however, but view the pres ent crisis as the most important and eneour- aging. Il is lraught with good for lhe-popu- lar cause Sir Robert Peel, who four years ago sneered at the exerlions of the Auti-Corn Law League, md likened the leaders of that august body. to 'slhe three tailors of Tooley Sneet,n has lived to learn that few honest single minded and zealous individuals have the power within them, when rightly direct ed, and backed ny the voice of the thinking public, of directing the destnles of a nation of making the proud Minister reeant all his former professions, and acknowledge the potency of the peoples power. Come what will-whoeyer is in office or or out of of fce-coaliuon or no coaliton-the Corn laws are doomed. As We have said in another column, the Minister who will rule must be free trader. The people will it, and they must be obeyed.
 The Standard of last night has the follow ing:
 I've can confirm the statement ot the Morning Herald, that all the Cabinet Minis ers have rendered their resignatons, and that Her Majesty has accepted them, aud therefore the present Ministers only hold office until their successors are appointed.
 ssjt is said that Lord John Russell has been