The New York herald., 1866-07-22

most serious consequences did ensus tho present
has arisen out OF the Schleswig Holsein question But
whatever may be the result OF the present state Of
Affairs on the Continent trust that the past policy Of this
country sn not DC 20 e'asrey departed from as that We
Of certain European States am sure that II the three
great Po'oers England, France and Rssd, are dgreed
sn os w =. 80 ne interest. q peace and D ssce ne tndpd
esre g inc lesser States without such agreement am
sure Europe will be the scene OF frequent wars
Lord BRouGHAA was understood TO express hope that
France and England would combine to secure reduction
In the enormous armies Of the Continent
The Ministerial Statement Of che Premier.
tFrom the London Times, July TO-
Tho crowd which thronged the House OF Lords yes
terday under all the heat of July afternoon to hear
Lord Derbys statement learned TO syInpathizc with the
miseries Of nobeman who is honored with her Ma
Jesy's commands to form administration. IL Is all
very wen to engage In an exciting struggle with your
adversary, bent beating him you can rcady TO be
beaten u you must but the pleasure Of the nght must
apparently be It's own reward, for nothing can be less
attractive than the results OF victory No sooner had
Lord Russell and his colleagues resolved on adhcring
TO Their resignation, rejecting with wisiu glanccs
the aid proiiored by Mr. Crawford and bis asso
ciates, than Lord Dcrby's troubles began. We
very well understand that personally he felt no ambition
70 be for the third me tho head OF Ministry As the
leader Of the opposition he exercised immense influence,
and perhaps controlled the course OF legislation
eicc'ually as he In office He had not, indeed the
patronage Of place, and far he unable TO obge
his friends, but everything else was his In taking
onlce he gives up splendid position for honors which
may possibly prove barren but il Is ev
can be the leader OF tho opposition unless he is willing
TO submit to the penalties os victory, and Lord Derby
had to choose between an abdcation or public
hie and the formation of a new Ministry.
The narrative Of events which Lord Derby delivered
yesterday differed but slightly from what We have al
ready given TO the public. When became evident that
he would have to form a Ministry more, he felt
natural desire TO enlist among his supporters who
had not hitherto served with him The defeat which the
late government had accepted as expressing want OF
confidence had been occasioned by detection from the
liberal ranks; IL notorious that many OF the
moderate Of Tho liberal party resented the con.
duct Of their nominal chiefs and Lord Derby had
forc good reason TO hope that he might gain some
recruits lie was careful to say last night that ho
crnmem on an enlarged tdsis.n We agree with
Lord Russell In thinking the distinction merely
verbal and the practical conclusion OF Lord Derby was
he himself expressed IT, that the old party had
lost their meaning, and the time had come for rec
sfruotion. The difference between liberal conservative
and whig s difference Of personal Associations and
not of political ID ms. Practically however, the influence
OF names and party ties Is enormous aud though every
to have expressed tho cordial good wishes
towards the government ono outsce tho conser
vatii party would Join H. Lord Clarendon elt himself
unable 70 remain al the Foreign occ and the Duke OF
Somerset declined TO form one ot the new Ministry The
late Lord Lasoownc thought he could only be OF service
10 Lord Derby when out OF oidce, aud Lord
Grosvenor reported unanimous resolution Of the liberal
members who had acted with HIM IN defeating tho late
government against serving under Lord Derby He
thus left to his own forces but his difficulties
end. There something almost nomical In his
confession last evening that no who hod nj rted
could tell ne dcpy OF placing some forty o. hi,y gem
temen each In the position most accordaHt with his
own wishes and al the sarne tma most consisen, with
disappsintcd altogether those who nnd thcmsclvss
offered unGorsce retaTysh!p, or even post IN the
household, when they expected to bo In tho Cabinet.
As the catalogue OF difficulties Is unrolcd wo cease TO
complain ~ the long incrregnnm dprng wh Oh. accord
ing to Lord Bcauchanip, not oven Lordcst nant Of
Rosssoril be appointed, and thankful that the
end OF II 50 fespec able list OF names has been pre-
senicd IT, tho public.
Upon tho future policy of hls administration Lord
Derby maintained and becoming 5etTps He
took pains refute Tho sillv allegation that
seryaye got crnmeu muft necessarily he varkc moro
mn a a - gN NIL
deserved. Upon the general conduct Of buslnes he
content 10 aprca 10 his own character aJ that Of his
associates. There be dgEbt that Lord Derby
acted wisely in this moderation, wlch Lord Russell
cnnddy approved The head of tho late Ministry frank
y declared that his 10 have time 10
nre their measures Whether they dealt, 10 said with
questions OF foreign, of colonial OF domestic policy
u was, N his opinion but jus, that they should
be allowed Until the bcrinnng OF next session
to MAXI their preparations, without being called upon TO
declare what Is tho precise coprsc they mean TO pusoc
There are, however leading principles or policy which
always be stated and Lord Derry did not hesitate TO
the considerations which would guide his Ministry
Tey yovM a rrict rotty he prcst por
Tut n The time ,e realty b. eGer Hcr good ogocs
joinig uih any ~ ,eat ai Foosr If app ared 1fsfbc
that nsy nigit lead 10 tae rstorato Of ace This Is
indeed what would bc expected from any English
| Ministry; hut as long as Lord Stanley u at tho
| Foreign once every one viii bc satisfied that a
profession of neutrality is no. cloak for proud CO
prepossasson Tho warm language of approval In
which Lord Derby fpoe II Ircsieat JohH'ons u9o
for tte repre- n ais he CoRiaian
c9Iresp1adcl AreughV poi uhat lord RuSel
| raid Lrcr ia he erH,irG gir that
idlSts he iEtled Sdtss rtN tug1Hctd " hc
change ~ MttrH Upon the question o. reform. Lori
Derby and hts colleagues have prudcntlv determined
absGri ctoostter fr "A am paoige. Tier per II
when last They hold oicc, veil ~ tho catastrophe
which has Just beinen LORD InseeIi's ADMINISTRATION
has taught them caution. They do not dcny-indced,
IL ~ impossible 10 dcny--that there MALES
IN present system which u IL desirable 10
rect or that there classes " perona excluded
from tho frarcbisn who might With advantage - tie
country be admitted t. u, bat hat tho
cxatng anomalies 70 DO fedrsrscd tho nfran.
chssd be admitted TO the sunfage
dim lM.a lgf a. .NgatH AuaN
sufficient proof of the iculteg which must befct the
passing OF ncaaHTe, and lev persons VIII drnv that
" ~ III adj Antnre tho country that
shonhl be lost and o. practical ard irls-
diac utiy be sacrificed 70 the dircusiGu OF acc
which have reVouablc prospect of becoming law
That reform be- buried and FORGOTTEN II IS di % 10.
eFo after tho ong agitation IL the question: that v "
pressing that 10 be settled forthwith y "a equally
dlc 70 assert when the length OF that agitation ~
ncmhcred
There questions OF social and commercial eesa-
ton which require consideration and n airnntira-
ton seriously address themsoltss 70 thcn IN the
they will do much 10 MAINTAIN their position. Lord
Derby referred to tho law of nkupicy and We sup
pose imagBes that more democratic House ~
Commons woaid - better fitted 10 settle the law ~
bankr rtcy than tho present assembly No question Ia
more Important, and none open To all
comcra Lord westhury's act o. issi has certainly
realized the hopes IL excited. and tho bi brought
IN by Sir Roundel Palmer this sosnon escaped
criticism In The press ~ the reform debaef.
IL must have been condemned most retroerade
and imperfect measure. The principles of tho iaw of
bankruptcy far settlcd ny judicial decsion
that would b. dicnlt draw up n complete
on tho subject AMI Sir Hggh Cairns may win fresh ar.
m, a. di,ee,,nr s,eh I, xo,k Wbe,hs, Mr. csihornc
Harry viii b. able TO reform the administration of tbe
Poor law without completely recsstiDg the government
OF tho metropolis a dopbiful but n In
Satisfaction that he cannot make Times he fail
"a make them better Ia such abors these, and in
the establishment of constitutional government In Ire
land the Ministry of Lord Derby may wcl occupy Itself
and bc ts tenure OF ohco long short IL will bs
without reward for faithful attempts 10 accomplish
them