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LIBEHAL DEFEAT IN CARDIGANSHIRE. We by no means intend to try to persuade our readers that the defeat of Mr E. M. RICHARDS, the excellent Liberal member who so ably repre- sented the county during the last Parliament, is of small consequence. The majority of 215 by which Mr LLOYD has been returned is signifi- cantly large, and we by no means desire to ex- plain it away. If Mr RICHARDS had been re- turned, as we think he ought to have been, by a majority like this, we should not have hesitated to have appealed to it as a proof of the growing popularity of Liberal principles in tho county, and therefore we must in common honesty accept the verdict of the electors and conclude that they are in favour of ground game which destroys their crops of insecure tenures which kill enter- prise of increased taxation which reduces their comforts; of aristocratic landlordism, from which their fathers fought so long and so bravely to 0 0 free themselves. A majority of the electors of Cardiganshire have declared by their votes that they are opposed to Liberalism and are in favour of Conservatism, and we are prepared to accept the declaration, but when they find their masters are drawing the bonds tighter, let there be no complaining, for this is a williag bond- age, this is a direct handing over of your privileges 10 0 to thosi who for ages kept the iron heel upon 0 your necks, and who will again make you feel the fetters you have so willingly placed upon yourselves. We say most distinctly that there can be no doubt as to the voice of the electors, on this occasion. Mr E. M. RICHARDS expressly declared himself in favour of religious Liberty, the amendment of the Education Act, the im- provement of the Land Laws, the amendment of the game laws, the relief of local taxation, the extension of the suffrage in counties, the repeal of the taxes on farmers' dogs, horses and traps, and of reduced national expenditure. MR LLOYD is opposed to these changes and the electors by a most decisive majority say that they are against them too, so that Mr LLOYD will be perfectly justified in opposing as far as possible every measure of reform that may be brought into the House of Commons as long as he retains a seat there. We deeply regret Mr LLOYD'S success, but we trust we shall not forget that he is a gentle- man, and we hope all our readers will take warning from a certain daily Conservative journal and avoid the low, vulgar language which disfigures its col- umns. We know but little of Mr LLOYD, but we are well acquainted with the political principles of the party with which he will be numbered, and we shall do our utmost by recommending organi- zation and by showing how Mr LLOYD votes in the House of Commons, to win the seat back on the earliest possible occasion, but we trust we shall never give him the opportunity of thinking that he has been other then fairly dealt with. At present he un- doubtedly represents feelings £ a majority of the electors, but we expect they will not be long in coming to the conclusion that they have made a great mistake, and at the next election will doubtless return to the support of him who never neglected to record his vote in favour of those Liberal principles which he professed when he first became a candidate, and which he was still prepared to support if the constituency had not for a time become Conservative.