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 cent., as the lowest possible rate tt 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 were more stringent  in the later case—and mirabite dictu—LEwis 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 re cognised the imperative necessity for tho suspen•  iion 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 tardßy accorded.  In February Parliament again assembled. Lord PALMERSTON 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 NAPOLEON had excited the terror of the French Court, and the truculent insolence, not merely of rough sabreurs, but of diplomatists, who ought to have known better. The Con spiracy to Murder Bill was introduced, but not until the English people had been thoroughly disgusted by the uncourteous, but unanswered despatch of Count WaLzwm, and the reckless addresses of certain Colonels, duly chronicled in the columns of the Moniteur, 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 PALMERSTON 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. DAMP would say, was obliged to " submit to the consequences of the sitiwation  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 SOVEREIGN, and obtained the co-operation of a distinguiahed party far surpassing, 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 stlected, and Lord DERBY was truly fortunate in the valuable assistance which he secured. The Earls of CARNARYON and DoNOUGUMGRE, Mr. SEYMOUR FITZGERALD, and Mr. GATHORNE HARDY, have each and all afforded evidence that ic wise heads may rest upon young shoulders." The best selection was, however, that of the Solicitor-General, Sir HUGH M'CALMONT CAIRNS, who certainly made what may be termed the speech of the session, par excet/ le the which circulated throughout h rena speech length and breadth of the land, and which, materiallyhich assisted s in defeating the factious motion,