IRON. HORSE . 91 beneficient one—as an unchanging principle of government-. But this no economic proposition can ever be, for economics are governed by the rules of mathematics, and politics by those of inconstant human nature. . It is the highest function of the parliamentary statesman to correct the volatile tendency of public opinion to fall a prey to the ephemeral. To do so he must possess a mind which is proof against plausible fallacy and the clamour of the hour. He must possess the courage of his convictions, the prudence and patience necessary to translate them into achievable policies and the genius to expound them to his countrymen. The more demo- cratic a constitution and the more sensitive its machinery to the changing gusts of popular feeling, the greater becomes the necessity for true leadership and the harder its exercise. It was the misfortune of Britain that at a crisis "of her history she did not possess a leader of such calibre. In 1846 she stood, breath- less and eager to proceed, at a turning of the'road. Without reflection she took what at that moment in time seemed the easiest, The change in Britain's historic policy came with startling suddenness. Early in November, 1845, Peel proposed in Cabinet that the ports should be opened by immediate Order of Council and that a bill for the permanent modification of the corn lav£ should be introduced in the new year. Before this decision became public, the leader of the Opposition, Lord John Russell, fearing that the Tories by reversing their policy would steal the electoral tide to power a second time, issued a hasty manifesto to his constituents abandoning the old Whig principle of a fixed duty on corn and declaring for total repeal. This was capped in early December by a Cabinet decision for immediate repeal and an unauthorised announcement in next day's fimes which precipitated such a crisis in the betrayed Tory ranks that the Government resigned and the Queen sent for Russell. But the latter, prevented from forming an administration by party intrigues centring round the stormy personality of Palmerston, was unable to make use of his opportunity. Instead he "handed back with courtesy the poisoned chalice to Sir Robert." Peel took it gratefully. He was convinced that he, as the most experienced administrator in the country and the leader' of its strongest party, was the proper man to carry the measure. That he had been accredited by the electorate and his own