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THE CONSERVATIVE LEADED."…

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THE CONSERVATIVE LEADED." The Globe accepts Lord Derby as the future leader of the Conservative party as an arranged matter. Speaking of the chances which the old year produced, and those which the new year will bring, our contemporary re- marksContrary to widespread anticipation and ex- pre»si< nsof mistrust in quarter, where strong flJithlJlight have heen looked for, Cunservatism has not died or even put on (symptoms of exhaustion and decay. The passirg of the great Reform Bill of 1867 was not the flash of an expiring flame, hut the develop-nent of a new life with fresh energy and enlarged capacity for action. With the new life of Conservatism came the new leader, a man acknowledged even by bis opponents to be of surpassing power, unfailing resources, and mature judgment, he became our dictator for the critical epoco, our general for the new campaign. Mr Disraeli received the leader- ship of the Conservatives from the late Lord Derby, the noble champion of that age which po^ses-ed some of the defects as well as the virtues of chivalry, at the eventful moment when the new vitality of the party was bursting into action. The present Earl of Derby has many quali- ties which render him, perhaps. even more capable than was his gallant father, of combating efftctually the spirit ot revolution which the Radical propaganda is endeavour- ing to force upon the nation. Working as be will, thoroughly in harmony with our present chief, he will assist Mr Disraeli in showing the country at large the difference between prrjudice and principle-between the principle of loyalty and order, which would gladly help on every constitutional development of national growth, but cannot at a blow divest t<elf of all love for our ancient institutions, our ancient rights, and our national religionâand the prejudice which would obstruct all, even salutary, reform. The London correspondent of the Leeds Mercury says the Conservative leadership is still an open question. Lord Salisbury will not join with Mr Disraeli. It Is possible Lord Cairns will hold office for a few months, as many of the peers are opposed to the Earl of Derby. But in the end the choice will lie between Lord Derby and one ot the Dukes, who are not the least docile mem- bers of Mr Disraeli's team. It is difficult to understand how there can be any hesitation in t1,-6 choiceâalways 8 ipposing it to be true that Lord Derfiy has signified his w ilingness to accept the leaderihip if it is offered him.

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THE BIRTH OF WILLIAM.

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THE END OF THE TRACPMANN TRIAL,…

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THE ATLANTIC YAC3T RACE.

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PROBABLE FFFECT OF THE OPPOSITION…

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THE LONDON MARKET

METROPOLITAN CATTLE MARKrff

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