cupy a great mediatory position,
intended, himself, to propose the mezzotermine of resolutions!

Chancellor of Exchequer felt it was impossible, after having himself
introduced a Bill, to interfere with the Resolutions of an independent
member, and one so weighty and distinguished: therefore, confined his
announcement to the Budget on Monday week, and consequent postponement
of India Bill.

Soon after, Lord John rose, and opened the case, in a spirit most calm
and conciliatory to the House, and to your Majesty's Government.

The Chancellor of Exchequer responded, but with delicacy, not wishing
rudely to deprive Lord John of his position in the matter; deeming it
arrogant--but the real opposition, extremely annoyed at all that was
occurring, wishing, at the same time, to deprive Lord John of the
mediatory position, and to embarrass your Majesty's Government
with the task and responsibility of preparing and introducing the
resolutions, _insisted_ upon Government undertaking the task. As the
Chancellor of Exchequer read the sketch of the Resolutions in his box,
this was amusing; he undertook the responsibility, thus urged, and
almost menaced; Lord John, though greatly mortified at not bringing
in the Resolutions himself, for it is since known they were prepared,
entirely and justly acquits Chancellor of Exchequer of any arrogance
and intrusion, and the affair concludes in a manner dignified and more
than promising. It is now generally supposed that after the various
Resolutions have been discussed, and passed, the Bill of your
Majesty's servants, modified and reconstructed, will pass into a law.

The Chancellor of Exchequer will have a copy of the Resolutions,
though at present in a crude form, made and forwarded to your Majesty,
that they may be considered by your Majesty and His Royal Highness.
Chancellor of Exchequer will mention this to Lord Derby, through whom
they ought to reach your Majesty.

After this unexpected and interesting scene, because it showed, in its
progress, a marked discordance between Lord John and Lord Palmerston,
not concealed by the latter chief, and strongly evinced by some of his
principal followers, for example, Sir C. Wood, Mr Hall, Mr Bouverie,
the House went into Committee on the Navy Estimates which Sir J.
Pakington introduced in a speech, lucid, spirited, and comprehensive.
The feeling of the House as to the maintenance of the Navy was good.

[Footnote 26: Lord Palmerston had obt