The Sun. — 1858-08-02 (London, England)

WOOD. He held out longer than that unfortunate financier, before giving relief, and insisted on 10 in  place of 8 per eent., as the lowest possible rate at which money could be advanced by the Old Lady of Threadneedle-street. In both cases the relief was not afforded until the Bank itself required it. But the conditions weremore stringent in the later case—and mirabilis dicta—LENvis was even more objectionable than WOOD as the head of the financial department. The short winter session, however, afforded no opportunity for sharp contests. The bill of indemnity was, of course, carried, for every one recognised the imperative necessity for the suspension of the Act of 1844, which was only too long maintained. The relief afforded by the change was speedily apparent, although from the undue delay the Bank was compelled to take advantage of the permission so grudgingly and tardily  accorded. In February Parliament again assembled. Lord PAL7IIftSTON felt himself to be a dictator, and acted the character to the very life. He thought nothing could check his prosperity, and that he could afford to exhibit a high degree of contumacious insolence to independent Liberals. But the worm had already attacked the root of his prosperity. The attempted assassination of the Emperor NASOLEON had excited the terror of the French Court, and the truculent insolence, not merely of rough sahreurs, but of diplomatists, who ought to have known better. The Conspiracy to Murder Bill was introduced, but not until the English people had been thoroughly disgusted by the uncourteous, but unanswered despatch of Count WALEWStI, and the reckless addresses of certain Colonels, duly chronicled in the columns of the Mo,liteur, desiring to be led against "the den of assassins," and to be permitted to take part in the sacking of London, and the subjugation of Great Britain. This was too much. The nation would not swallow the leek, and the second reading of the obnoxious measure was rejected by a majority of 19, in a House in which 453 Members were in attendance. Even after that defeat, Lord PA LMERSTON might have retrieved his serious error. But he had been playing the despot, and could not be persuaded to give up the role. He chose to ride the high horse, and, as Mrs. G AMP would say, was obliged to "submit to the consequences of the sitiwation ! t' He tendered his resignation, and to his grievous disappointment found that it was accepted, and that Lord DERBY had chivalrously undertaken the task of forming an Administration. The difficulties were apparently insurmountable, but still the Noble Earl responded to the call of his c surpassing, -er ion SOVEREIGN, and obtained thfaer o opa of a distinguiahed party in every respect, the quondam colleagues of the veteran Viscount. The new Ministry was formed, not merely of men who had already proved their ability, but the most promising juniors were selected, and Lord DERRY was truly fortunate in the valuable assistance which he secured. The Earls of CARNARTON and DoNouciumonn, Mr. SEYMOUR FITZGERALD, and Mr. GATHORNE HARDY, have each and all afforded evidence that " wise heads may rest upon young shoulders." The best selection was, however, that of the Solicitor-General, Sir HUGH AI‘CA LMONT CAIRNS, who certainly made what may be termed the speech of the session, par (xcellerice—a speech which circulated throughout the length and breadth of the land, and materially assisted in defeating the factious motion, which, it was