by the statesman and the patriot as redressing to no inconsiderable extent the adverse action of unfriendly tariffs.  It is only after careful ponderance of these and other combined considerations, that the value of any trading relations with Russia can be clearly understood, and that the importance of the supplementary treaty of navigation recently carried through, with success proportioned to the remarkable ability and perseverance displayed, can be duly appreciated.  It is, undoubtedly, the special economical event of the day, upon which the commercial, and scarcely less the political, diplomacy of the Government may be most justly complimented for its mastery of prejudices and impediments, which, under the circumstances, and in view of the peculiar system to be combated, appeared almost insurmountable.  Common honesty and candour must compel this acknowledgment, even from men so desperate in their antipathies to the political system of Russia, as Mr Urquhart or Mr Cargill—­antipathies, by the way, with which we shall not hesitate to express a certain measure of participation.

We shall not dwell upon those other negotiations, now and for some time past in active progress with France, with Brazil, with Naples, with Austria, and with Portugal, by which Sir Robert Peel is so zealously labouring to fill up the broad outlines of his economical policy—­a policy which represents the restoration of peace to the nation, progress to industry, and plenty to the cottage; but which also otherwise is not without its dangers.  Amidst the whirlwind of passions, the storm of hatred and envy, conjured by the evil genius of his predecessors in office, and most notably by the malignant star which lately ruled over the foreign destinies of England, the task has necessarily been, yet is, and will be, Herculean; but the force of Hercules is there also, as may be hoped, to wrestle with and overthrow the hydra—­the AEolus to recall and encage the tempestuous elements of strife.  A host in himself, hosts also the premier has with him in his cabinet; for such singly are the illustrious Wellington, the Aberdeen, the Stanley, the Graham, the Ripon, and, though last, though youngest, scarcely least, the Gladstone.

Great as is our admiration, deeply impressed as we are with a sense of the extraordinary qualifications, of the varied acquirements, of the conscientious convictions, and the singleness and rightmindedness of purpose of the right honourable the vice-president of the Board of Trade, we must yet presume to hesitate before we give an implicit adherence upon all the points in the confession of economical faith expressed and implied in an article attributed to him, and not without cause, which ushered into public notice the first number of a new quarterly periodical, “The Foreign and Colonial Quarterly Review,” in January last, and was generally accepted as a programme of ministerial faith and action.  Our points of dissonance are, however, few; but, as involving questions of principle,