In the more political part of his address, Lord Derby
praised endowments for research, which he wished to see multiplied, and insisted on the right' of the State to recast the conditions under which charitable endowments are placed by the pious founders; you should preocrve as much as possible, he said, the general purpose,
or you will discourage such foundations, but that is a matter of policy rather than of principle. We wish Lord Derby had been as willing to apply these considerations to the schemes of tte En- dowed Schools Commissioners under a Liberal Government, as he now seems to be to enunciate them when his own friends are in power. Unfortunately, many a scheme thrown out with con- tumely in the House of Lords during the late regime, would have been quite legitimate according to Lord Derby's present canons. In addressing the Conservative working-men in the evening, and in thanking Edinburgh for the freedom of the city conferred on him on this day week, Lord Derby enlarged on more properly political topics, insisting on the difficulty of findingany definition of Liberalism that would cover all the Liberal party, and declaring that no class in the community is so much interested in avoiding dangerous agitation as the working-men, whose wages depend on the tranquillity of the most timid of all powers,—" Money." But on these sides of his speech we have said enough elsewhere. All the three speeches were able. Need we say that on all subjects alike Lord Derby was aggressively cautious and imperiously moderate ?
