The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-01-24

Palmerston, before he left Office did embroil him.
self, and was nearly embroillng his country with
France-consdering too. that his resumption of
power al the present moment, would, in the nature
OF things, have rendered the settlement of our diff
cultles with the United States more perplexed and
uncertain-we may, under all the circumstances,
rejoice that we have been spared the infection.
When Lord John Russell threw up his cards
there no alternative but TO send for Peel: and
the most extraordinary move in this drama of Cabi-
net making IL, that he felt little apparent hesta-
ton in resumng his OLD Office, as he evinced
promptness 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 paralyzed when it was
known that Feel was out; the markets fell, the funds
sunk, business was suspended, and gloom, mist,
hung over the commercial and trading world
These evils are fast subsidIng with the causes which
called them into existence. Upwards Of ten days
have elapsed since it became known that Peel was
again Premier; and every day has shown improved
symptoms in the produce, share, money, and other
markets.
This change appears the more extraordinary, from
the fact that his future policy is much matter of
speculation as the new comet-even more undefn-
ed, undeveloped. Nobody knows what Peel will
do, but every one has confidence in Peel-a sngu-
lar proof OF the hold which one powerful mind has
over the sympathes and the prospects Of millions Of
reference to this prevailing feeling, "The beauty of
the present luncture is, that nobody knows what
Slr Robert Peel Is going to do, and yet every body
is satisfied that he IS the man to do nobody Hops
,chat."
The Cabinet resumes power with its personal hut
slightly altered. Changes there have been, but they
are few, and. with one exception, unmportant.-
Poor Lord Whamclfle, the President Of the Coun-
cil, who died from the excitement produced by the
resignation OF his colleagues, is to be succeeded by
the Duke of Buccleuch Lord Ellenboroueh is to be
the First Lord Of the Admiralty; The Earl Of Had
Duke Of Buccleuch filled. But the most striking
change OF the whole, IS the resignation of the Colo
nal Secretary. Lord Stanley, and the appoint
ment OF Mr. W.. E. Gladstone as his successor
ant considerations : influences too many in
terests, moi to have commanded the greatest
possible attention. Lord SANKEY'S career, as
Colonial Minister, the world well knows, has
cept for mischief-he has none the office which he
hlled was the disgrace and might have proved ire
spectlve OF other causes the destruction of Peel's
Ministry He has outved the popularity which he
against Q Connell and the world, which is usually
impartial IN Its Judgment, has long stree awarded
HIM position amongst the Marplots OF the age.
Mr Gladstone is man OF far higher order OF
mindless snowy, but more substantial in his ac-
quirements; he has raised himself by his talents
alone to dgnified station amongst the first of
the day. He IS a little crotchety, perhaps-his late
retirement from the Cabinet showed it.; but as Pees
lleuenant-his right hand man, he will strengthen
the Ministry in its new phase.
rearing the blow which is about to be dealt by
Sir Robert Peel to the proteconists the great land
owners are making efforts to gel, up sicky agita-
ton In favor OF the existing corn-law. Severalagri-
cultural meptings have been recently held, at which
the conduct Of Peel has been assailed in the bitter
est possible terms the vituberation which they hurl
at the Premier is the best evidence OF their appre-
tensions, and of the gulf which now separate the
Minister from his quondam supporters.
Opinions Of the English Press on the Presi-
dents Message
From the London Times, Dec. "a
A Presidents MessAUa 9 nex
tact as more authoritative confirmation of what
all the world has known long before In England
good deal may be guessed from the general leaning
OF the Minister, and a convenient usage allows the
heads Of Royal speech to transpire Just the eve
ming before. In the United States, the Council at
which the President has determined on his an
nouncemens, is one in which millions are prlvileg
ed to advise, and the whole world Is admitted TO
hear For several years every citizen is allowed or
rather compelled, to offer the candidate the benefit
OF his experience, and demand in return specific
pledge on every possible point of disagreement.
The candidate strikes compact with every State,
every city, every separate supporter in the Union
Thence he derives his commission, which is his
own only because ne has received It, and has per-
his previous political life But once elected there
he is, the incarnation of creed long since deter
mined and promulgated. AS popular man, as
speculative palltcian, he may have entered into that
the day OF qls election, however, he awakes TO
new existence. He is a sovereign charged with
the most awful and endless responsibilities the lv-
leg source OF veal or wo, the arbiter of peace or
war, with the ewes OF all the world upon his actions
be they good, or be they evil and with posterity,
waiting as IT were to enter, and pass its calm and
lrreverslble judgment on his name II is no wonder
that the busy candidate for peoples suffrages
and begin to perceive the paternal instincts and
science OF power Even with second term Of
sovereignty still to be solicited, he is compelled,
In spite of himself, to be considerate, just and hu
name.
In this, the first legislative act of his Presidency,
Mr. Polk does nothing more than impersonate the
democracy which bore him into power. The style
OF MS address Is all that can be called his own and
tnat 10 usually readable, simple and clear On such
minor topics as are not to us matters of practical
discussion, or are even of a sort to call for common
dation the message will be read with interest," and
sometimes with pleasure.
The annexation of Texas is treated as a matter
OF history, and at the same time with that brevity
OF recollection in which the shortlived dictators OF
the Union are so tempted TO indulge. Texas, no
meter how, was independent; the States OF Europe
acknowledged 1t. Mexico herself at last acknow-
lodged 1t, though with offensive and impairment
condition, and too late to answer her purpose. The
citizens, whoever, whatever or wherever they might
be, desired annexation, and on the great principle
OF sell. government, had right to be governed as
they liked With the same sweet oblivion OF Tex
an antiquities, the interference of Great Britain and
france is treated as simply an attempt to maintain
a balance OF power against the entertainments of
right and duty of the American not only to resist
European interference, but to be utterly deaf the
suggestions OF European discretion and Humanity.
With rather unreasonable avidity Of self grata-
laton, the President claims the contradictory hon.
ors OF peace and war; IN the Texas triumph. "This
accession to our territory" he says, "has been a
bood!ess achievement No arm Of force hos been
raised to produce the result The sword has had
no part in the victory" He cannot, however, fore
90 the pleasure Of relating, few sentences after,
what efficient IN! htarv. preparations he had made,
and how. thoroughly Mexico had been hemmed in
on all sides, both by land and by sea- before it could
have time to defend the disputed territory.
On one point the message exhibits sympathy
with our own ministerial Intentions as marvellous
as It Is suspicious OF international amity. The prn-
cipe OF protective duties, opposed TO those for
revenue. is clearly defined and strongly condemned;
and the Legislature is recommended 10 put an end
to the oppressive inequalities Of what is called the
minimum principle retained in the tariff Of 1912 -
The President lays down the important maxim that
taxation ought to fall as lightly as possible on the
m Materials of nYnfifahIc ard tha