The season before Christmas has been employed by the Con-
servative party, at present released from the cares and hindrances of office, to revise its position in -the country, and to reorganize its 'forces in preparation for the ensuing session. The once sovereign house of Derby is still regarded in Liverpool with natural pride and affection ; and in that ancestral territory the Earl of Derby held his grand review. The muster had been .heralded, at least in political conversation, by anticipatory reports ; and it was supposed that from the chief table of the Liverpool Iqinquet, we should have a declaration of Parlia- mentary war, with the general plan of the Conservative pro- gramme. Lord Derby, however, employed his masterly eloquence chiefly to set forth the merits of moderation, discretion, and forbearance. He cited the successes of his own Ministry, and the self-created embarrassments and dangers of the present Ministers, as reasons why the Opposition should patriotically abstain from attacking them !