It is declared in the official announcement that the change involves no alteration in the editorial character of the paper, which will be conducted, as in the past on lines independent of party politics." And according to " farther semi-official announce-went it is entirely untrue that the Tariff Reform League, or a body of Tariff Reformers has acquired a pecu-rusty interest in the paper. The partnership is to be tarned into a limited lability company, and Mr, Pearson is to be Managing Director, but thie purely business arrangement between Mr. Walter and himself." At the same time, while the declaration as to the Tariff Reformers must be accepted without reserve, the change is undoubtedly a victory for Tariff Reformers. No outside Tariff Reformers have come in, bat the tariff reform advocatea, numbered among the present proprietors, have undoubtedly gained the upper hand, and we may expect to see no more of the "hedging" on the subject which has been witnessed of Into. The fight seems to have been a close one, however, for the Free Trade tection is so strong that according to one story the managing editorship of the "Times was recently offered, at least provisionally, to Mr. Alfred Spender, the editor of th " Westminster
Text read from the printed page and cleaned; old type leaves the occasional error.