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OPINIONS OF THE PRESS. THE REFORM BILL. The situation of Ministers has become rather ludi- crous, and may become ere long rather lamentable, if, as there seems reason to fear, the carrying of the Tory Reform Bill be signalised by the disruption of the Tory party. The prostration of that party would, in our opinion, be a great source of embarrassment and evil. Then, indeed, there would be danger of serious divisions in the ranks of the Liberal majority. At present there is none. Mr. Gladstone was welcomed back to his place at the head of the Opposition on Thursday last, just as if nothing had happened during the recess to fill (jilts neuuo UL obufltl l'IV!I HIJ:LJ. IOIU s:v. ~o— O 1 — It is now clear that he never meant his too candid note to Mr. Crawford to be interpreted as an act of abdica- tion and the only answer that need be given to Mr. Baines's already half-forgotten cry for help to bring him back to the head of his party is, that quiet matter-of-fact people never ceased to regard him as-remaining there. When Mr. Huskisson hastily offered to resign in 1828, and next day thought better of it, a friend told the Duke of Wellington that he need not consider it a resignation. But the Premier, who wanted to get rid of his Liberal subordinate, replied "It was a resignation, it is a resignation, and it shall be a resig- nation." The converse is precisely Mr. Gladstone's position with reference to his party, whose universal feeling has been with reference to his letter-It was not an abdication, it is not an abdication, and it shall not be an abdication. The Liberal party, led by him, is strong enough to make a really good bill of that which now lies on the table of Parliament, or to throw it out on the third reading, should any sudden freak of obstinacy on the part of its authors interpose unlooked-for impedi- ments in the way of its amendment in committee. And in either case we can foresee no hindrance to the resto- ration of the Liberal party to power. Their real danger lies not in affected or imaginary weakness, but in the possibility of their being presently too strong.— Examiner. CAPITAL VERSUS CREDIT. It is strange as respects monetary matters to look back to a year ago. The then Chancellor of the Exchequer (Mr. Gladstone) expressed his opinion of the inex- pediency of suspending the Bank Charter Act, being supported in this view by the Governor and Deputy- Governor of the Bank of England. Shortly afterwards, being convinced by the remonstrances of other bankers, he, advised and carried the suspension of the Act. There is nothing to be blamed in this. Mr. Gladstone braved the possible charge of contradiction, and acted as a statesman. He certainly did not stand alone. Chancellors of the Exchequer, however, are not as a rule cognisant of the money market, and Mr. Disraeli may be cited as a special instance. After the Bank of England had maintained their rate of discount for some weeks at 10 per cent. when it was clearly seen to be unnecessary, Mr. Disraeli informed a deputation of the leading London bankers, to their very great astonish- ment, that the existing pressure was due, not to the want of circulation, but of capital. A little later the Bank rate had fallen from 10 to 5 per cent. If the Chancellor of the Exchequer were right, the change must have been entirely due to some extraordinary influx of capital," though where it came from it is impossible to conjecture. The fact is very well known to any one who takes the trouble to look into the question, that it was not capital that was increased,, but credit.-Daily News. FATHERLAND. The Gerraanisation of North Schleswig is oeing pur- sued with the utmost vigour. In spite of the engage- ment to consult the wishes of the population which ought to secure for North Schleswig a sort of provisional administration, the Prussian Government has proceeded to put its law of military service in force, and even to compel men who had served in the Danish army to sub- mit to its obligations. The effect of this piece of gross injustice has been—what perhaps it was intended to ob- tain thousands of Danish Schleswigers have availed themselves of the right given them by the 19th Article of the Treaty of Vienna to emigrate from Schleswig into Denmark, The German newspapers are delighted with this result. Not .only have the Danes gone, but there is room for more Germans, and wild appeals are addressed to Germans in all parts of the Fatherland to hasten to North Schleswig and assist in securing its retention for Germany. The Prussian Government can- not plead as its excuse for these abitrary proceedings, and for the delay in consulting the wishes of the North Schleswigers, any doubt as to the existence of a Danish majority desiring to renew the connection severed in 1864. Two Dane;, were elected to the North German Parliament, and they, speaking in the name of 200,000 of their countrymen, protested against the incorporation of North Schleswig in the North German Confederation. —Herald. MEETING IN HYDE PARK. While we estimate the influence of this gathering as a popular demonstration on the Reform question, we are especially bound to emphasise its significance as a, proof of the respect for Jaw and order entertained by the un- enfranchised masses. Nobody at all acquainted with London life could doubt for one moment that the immense majority of the persons present belonged to a class lower than that which furnishes the staple of our electoral body. Throughout the dense crowd there was no universally earnest absorption in the question of the hour which might account for their abstinence from acts of disorder. No police force was in view to keep ill-disposed persons in check and even if the bulk of the crowd knew that there were soldiers under arms at no great distance, they must have known also that, if any disturbance should arise, they might effect their retreat long before the mili- tary could make its appearance. Under the circum- stances, we could hardly have expressed much surprise if the mob," as their traducers called them, had cele- brated their unexpected and decisive victory by some outburst of clamour, some display of physical force. Nothing of the kind occurred. There was hardly a drunken person to be seen; there was but one flag, and a solitary band of music there was very little shouting, and no horse play; and when the meeting was over the crowd separated as quietly and peaceably as it had assembled. That this should have been the case will not surprise those who know how very general the respect of our people is for law and order how ready they are to re- cognise the claims of rank and station; how willing they are to listen to argument and reason.-Daily Telegraph,






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