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2 —containing considerably upwards of four millions of square geographical miles of land; that is, nearly a ninth part of the whole terrestrial surface of the globe! —besides nearly a million and a half miles of water—five hundred thousand of these square miles being capable, and in rapid progress, of profitable cultivation! at more than three thousand miles' distance from the mother country, and in immediate juxtaposition to the territory of our distinguished but jealous descendants and rivals—a rising nation—the United States! Pausing here in the long catalogue of our foreign possessions, let our fancied observer turn back his eye towards the little island that owns them; will he not be filled with wonder, possibly with a conviction that Great Britain is destined by Almighty God to be the instrument of effecting His sublime but hidden purposes with reference to humanity? Assume, however, our observer to be actuated by a hostile and jealous spirit, and to regard our foreign possessions, and the national greatness derived from them, as only nominal and apparent—to insinuate that we could not really hold them, or vindicate our vaunted supremacy if powerfully challenged and resented. Let him then meditate upon the authentic intelligence which we have just received from the East: what must then be his real sentiments on this the 1st day of January 1843? Let us ask him, in all manly calmness, whether England has not done what he doubted or denied her ability to do? whether she has not shown the world that she may, indeed, do what she pleases among the nations, so long as her pleasure is regulated and supported by her accustomed sagacity and spirit? She has, however, recently had to pass through an awful ordeal, principally occasioned by the brief ascendency of incompetent councils; and while expressing, in terms of transport, our conviction that, "out of this nettle danger, we have plucked the flower safety"—we cannot repress our feelings of indignation against those who precipitated us into that danger, and of gratitude towards those who, under Divine Providence, have been instrumental in extricating us from it, not only rapidly, but with credit; not merely with credit, but with glory. To appreciate our present position, we must refer to that which we occupied some twelve or eighteen months ago; and that will necessarily involve a brief examination of the policy and proceedings of the late, and of the present Government. We shall speak in an unreserved and independent spirit in giving utterance to the reflections which have occurred to us during a watchful attention paid to the course of public affairs, both foreign and domestic, in the interval alluded to; though feeling the task which we have undertaken both a delicate and a difficult one.

After a desperate tenacity in retaining office exhibited by the late Government, which was utterly unexampled, and most degrading to the character and position of public men engaged in carrying on the Queen's Government, Sir Robert Peel was called to the head of affairs by her Majesty, in accordance with the declared wishes of a triumphant majority of her subjects—of a perfectly overwhelming majority of the educated, the thinking, and the monied classes of society. When he first placed his foot upon the commanding eminence of the premiership, the sight which presented itself to his quick and comprehensive glance, must have been, indeed, one calculated to make

What appalling evidence in every direction of the ignorance and madness of his predecessors! An exchequer empty, exactly at the moment when it ought to have been fullest, in order to support our tremendous operations in the East and elsewhere: in fact, a prospect of immediate national insolvency; all resources, ordinary and extraordinary, exhausted; all income anticipated: an average deficiency of revenue, actual and estimated, in the six years next preceding the 5th of January 1843, of L.10,072,000! Symptoms of social disorganization visible on the very surface of society: ruin bestriding our mercantile interests, palsied every