Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1846-02-07
IMPORTANT FOREIGN NEWS.

expressed to New York by overland, from
uhich il was bro't by special express of the
Baltimore Sun to this city and published in
extras, from which we copy.
The Liberty sailed from Liverpool on the
1 3,h ut. and brings papers to that date.
The news, which we have thus received
is OF the highest importance-of more con.
sequence than any we have received in the
last ten years. 1t is no more nor less than
the resignation of Sir Robert Peel, and the
Organization of new Cabinet by Lord
John Russell.
Its effects were tremendous.
In addition to this and as a necessary |
consequence, Parliament had been further
prorogued from December 18th, 10 Deem
Der 3Olh. -
The corn law question has been the cause
Of this.
The effect that this news will have upon
ca cannot but be of the utmost conse-
quence.
American cotton had improved.
The following is the most correct list Of
the new cabinet:
First Lord Of the Treasury, Lord John
Russell.
Lord Chancellor, Lord Cottonham.
Secretary of the Colonies, Viscount Pal
merston.
Secretary of the Home Department Mar
quis of Normandy.
Chancellor of the Exchequer, Mr.. Barr.
ing.
President OF the Council, Marquis Of
Lansdowne.
President Of the Board OF Trade, Mr..
Labouchere.
Vice President, Mr.. Shell.
First Lold Of the Admiralty, Earl Of Min
Lord Lieutenant Of Ireland, Earl Fottes.
cue
First Commissioner Of Woods and For
rests, Earl of Bessborough.
Ambassador to Paris, Lord Beduvale.
Ambassador to st. Petersburg, Marquis OF
Clanricarde.
The whole Of the cabinet, says the Lond-
on Times, re.ires without u shade OF person
al hostility among lis members, or any diff.
erence Of sentiment upon the proper policy.
except upon the one question OF repeal,
or rather modification OF the corn laws. Up
on this question too, the difference is much
less than has been supposed. 1t is, we be.
lieve, true that Sir Robert Peel has even in
sisted upon a consider able relaxation OF the
laws in question, to be accompanied, how
ever by compensation to the agricultural
interest-land owners, farms and farm la,
borers-not only adequate, but ample.
What this compensation IS, we are not able
to guess the events however, have proved
that it was not considered sufficient by the
whole cabinet and we must at present
agree with dissentents.
Should war take place with America,
neither Aberdeen nor Haddington could
nave crrried it on with the spirit and skill
suited to such serious contest. The
downfall of this heterogeneous cabinet will
be the worst news for Polk that he has re,
ceived since his instalment into office.
The Syrian affair made an impression in
America, which established the character
of Palmerston for decision and National
spirit, and Polk would rather see any man
in the foreign office than nobleman, who
since the days of Canning. is the only min
lister that has asserted the honor of the coun.
try in all her foreign relations. In short
with the exception Of Sir r. Peel and Sii J
Graham, the country is well rid of the
"s,rong ministry" Its demise will give
IJuiNC W VIC VI liCV
tlade and salutary reform, and rouse spr-
it of resistance to Tory principles, which
bids fair to establish a new era in the gov
erment of this vast empire.
The London Sun say, Immediately upon
the refusal of the Duke of Wellington, on
Friday last, to carry out what he had agreed
to do-namely: TO propose repeal OF the
corn laws in the House of Lords-it become
apparent that resignation of Sir Robert
Peel must follow. Lord John Russell was
recommended to be sent for, and a messen-
ger was Despatched on Saturday last to CON-
mand his attendance at Osborne House.
His arrival there was expected yesterday,
r and Sir Robert Peel EXPECTED to have met
him. Sir Robert, however, returned last
night without having seen Lord John.
This morning Lord John Russell and Sir
Robert Peel had an interview of an hours
duration, after which Lord John Russell left
town for Cowes. He had an audience oil
her majesty, and has returned to town this
evening, having had full powers given him
TO form Government. He has sent tol
Lord Palmerston, and is taking, it is believ.
ed, all the necessary steps TO form an AID
mlnistration.