. THE country was still ringing with the three trials of William Hone for seditious and profane libels,1 when parliament met oil 27th January. The Regent's Speech, and the debates which followed, afford authoritative proof that the country had emerged from the long distress, and that trade was again on the upgrade. Improvement had taken place in almost every branch of domestic industry; the funds had risen to 80; the revenue had increased, particularly in the last six months; most of the iron works, where, in the past year the fires had, been extinguished, were again in full activity; the price of iron had risen from £8 or £9 to about £14; the demand for linen, the staple of the north of Ireland, was unprecedented; money was abundant, and, on good mortgages, was to be had at 4½ per cent.; the sales of land showed a better price; and gold had reappeared. For the moment, languor and depression had given place to hopefulness and enterprise.
The revival of trade