The evil luck of Mr Cobden still clung to him. Within a very short time after this memorable meeting was held, the Hungarian armies surrendered at discretion, and the insurrection was thoroughly quenched. Not two, not even one complete campaign, were necessary to put an end to an ill-advised struggle, in which the hearts of the Hungarian people were never sincerely enlisted; and good men hoped that the sword might now be sheathed in the eastern territories of Europe. That portion of the press which had sympathised with the insurgents, and hailed with frantic delight the suicidal resolution of the Hungarian chiefs to separate themselves for ever from the house of Austria, was terribly mortified at a result so speedy and unexpected; and did its best to keep up the excitement at home, by multiplying special instances of cruelty and barbarity said to have been wrought by the victors on the persons of their vanquished foemen. That many such instances really occurred we do not for a moment doubt. When the passions of men have been inflamed by civil war, and whetted by a desire for vengeance, it is always difficult for the authorities to preserve a proper restraint. This is the case even among civilised nations; and when we reflect that a large portion of the troops on either side engaged in the Hungarian war, cannot with any justice be termed civilised, it is no wonder if deeds of wanton atrocity should occur. Indeed, late events may lead us to question how far civilisation, on such occasions, can ever operate as a check. Who could have believed that last year, in Frankfort, a young and gallant nobleman, whose sole offence was, the free expressions of his opinions in a parliament convened by universal suffrage, should have been put to death at noonday by lingering torments, and his groans of agony echoed back by the laughter of his brutal assassins? The names of Felix Lichnowsky and Von Auerswaldt will surely long be remembered to the infamy of that city which was the birthplace of Goethe, and boasted of itself as the refined capital of the Rhenish provinces. A veil of mystery still hangs over the circumstances connected with the assassination of Count Latour; and though we are unwilling to give currency to a rumour, which would entail infamy on the memory of one who has since passed to his account, the victim of an unbridled ambition, strong suspicions exist that a Hungarian minister was directly privy to that act of dastardly and cruel murder. But there is no manner of doubt at all as to the atrocities which were committed in Vienna when that hapless city was in the hands of the red republicans and the Poles. Pillage, murder, and violation were crimes of every-day occurrence, and it is not wonderful if the memory of these wrongs has in some instances goaded on the victors to a revenge which all must deplore. As to the military executions which have taken place, we have a word to say. The suppression of almost every revolt has been followed by strong measures on the part of the conquerors, against those who excited the insurrection. Our own history is full of them. Succeeding generations, according to their estimate of the justness of the cause which they espoused, have blamed, or pitied, or applauded the conduct of the men who thus perilled and lost their lives; but the necessity of such executions has rarely or never been questioned. We allude, of course, to those who have been the leaders and instigators of the movement, and upon whom the responsibility, and the expiation for the blood which has been shed must fall; not to the subordinates who ought to be, and almost always are, the proper objects of mercy. The most ardent Jacobite, while he deplored the death, and vindicated the principles of Lords Balmerino and Kilmarnock, never thought of blaming the government of the day for having sent those devoted noblemen to the block. But in their case the execution assumed the character of a terrible national solemnity—not hastily enacted, but following after a deliberate trial before unprejudiced judges, upon which the attention and interest of the whole country was concentrated. And, therefore, while posterity has been unanimous in expressing its abhorrence of the bloody butcheries of William, Duke of Cumberland, after the battle of Culloden, no reflection has been thrown upon the ministers of George II. for having allowed the law to take its course against the more prominent leaders of the rebellion, even though the sympathies of many good men have been enlisted on the losing side. Now, we do not hesitate to condemn most strongly the conduct of Austria on the present occasion. No judicial process, so far as we can learn, has been instituted against the captive chiefs, save that which is equivalent to no process at all—the sentence of a court-martial. Except in cases of the most absolute necessity, the functions of the soldier and the judge ought never to be combined and confounded. When the flame of civil war is once trodden out, the civil law ought immediately to resume its wonted supremacy. Treason and rebellion are undoubtedly the highest of all crimes; but, being the highest, it is therefore the more necessary that they should be subjected to the gravest investigation; so that in no way may the punishment inflicted, on account of a heinous breach of the law, be mistaken, even by the most ignorant, for an act of hurried vengeance. We may perhaps have no right to object to the measure of the punishment. We cannot know what charges were brought, or even substantiated against the unfortunate Hungarian leaders of Arad. We are quite unaware what disclosures may have been laid before the Austrian government as to the participation of Count Bathyany in Kossuth's republican schemes. One and all of them may have been guilty in the worst degree; one and all of them may have deserved to die; and it is even possible that circumstances may have rendered such a terrible example necessary, for the future preservation of order; but the manner in which the punishment has been dealt, is, we think, wholly indefensible. It is no answer to say, that the administration of the laws of Austria is different from that of our own, and that we are not entitled to apply the measure of a foreign standard. No point of legal technicality, or even consuetude is involved; there is but one law which, whatever be its extrinsic form, ought to regulate such a proceeding as this—a law which, we trust, is acknowledged in Austria as well as in Britain—the law of justice and humanity. The most suspected criminal, when arraigned before secret and biassed judges, loses, in the estimation of the public, half his imputed criminality. He has not had a fair trial; and, if condemned, it is possible that his execution may be considered rather as a case of martyrdom, than as one of righteous punishment. A court-martial never is a satisfactory tribunal; least of all can it be satisfactory when the object of its inquiry arises from a civil war. The judges have seen too much of the actual misery and ruin which has occurred to be impartial. That propensity to vengeance, from which it can hardly be said that even the noblest nature is altogether exempt, so nearly akin is it to righteous indignation, is at such times unnaturally excited. The fiery zeal, which shows so graceful in the soldier, is utterly unsuited to the ermine; and when the ermine is thrown, as in this instance, above the soldier's uniform, there can be very little doubt that ancient habit and inflamed passion will supersede judicial deliberation. By acting thus, we conscientiously believe that Austria has inflicted a serious injury on herself. She has given to those who are her enemies a heavy cause of argument and reproach against those who are her well-wishers; and the immediate and not unnatural result will be an increased amount of sympathy for the political fugitives, and a great disinclination to canvass their true motives and their characters. Francis Joseph at the outset of his reign will be stigmatised—most unjustly, indeed, for the fault lies not with him—as a relentless tyrant, and all who escape from tyranny are sure of popular though indiscriminate compassion.

We have thought it our duty to make those remarks at the present time, because out of this Hungarian affair a question has arisen in which we are to a certain extent implicated, and which may possibly, though we do not think probably, be productive of most serious results. We allude, of course, to the joint demand of Russia and Austria upon Turkey for the surrender of the political fugitives at Widdin. In common with the whole public press of this country, we consider such a demand, on general grounds, to be unexampled and unjust. The abstract right of every independent nation to afford shelter to political fugitives, has, we believe, never been questioned; but, even had it been doubtful, there are very many reasons, founded upon humanity and honour, why all of us should combine to protest against a claim so imperiously and threateningly advanced. Cases may arise, and have arisen, where the privilege has been scandalously abused. For example, the Baden insurgents have fled for shelter across the frontier of Switzerland, and have there remained hatching treason, collecting adherents, and waiting for an opportunity of renewing their treasonable designs. In such a case, we conceive that the threatened government has a decided right to require the sheltering country to remove or banish those fugitives from its territory, and in the event of a refusal, to declare that a proper casus belli. But this, it will be seen, is widely different from a demand for the surrender of the fugitives; and we presume that, in the case of the Hungarians, no allegation can be made, that they have sought harbour, and remain in Turkey, with a view towards renewing their attempt. Unquestionably it is quite competent for states to enter into treaties in fulfilment of which political fugitives must be surrendered when claimed. Such a treaty is said to exist between Russia and Turkey; but it is clearly not applicable in the case of such of the Hungarian refugees as have claimed the shelter of the latter power. Russia, in this quarrel, appears only as the ally of Austria; and she can have no right to admit the latter to a direct participation in any of the stipulations contained in her peculiar treaty. No Hungarian is a subject of Russia; and, therefore, under that treaty, he cannot possibly be reclaimed. With regard to the Polish refugees, there certainly does seem to be a difference; and we care not to own, that we feel far less interest for them than for the Hungarians. Their own national struggle excited throughout Europe great sympathy and compassion. No matter what were the merits of the kind of government which they sought to restore—no man could be cold-blooded enough to forget that the kingdom of Poland had been violently seized and partitioned; and though sober reason, and, in fact, good faith, compelled us to abstain from espousing the cause of those who, by solemn European treaty, had been confirmed as subjects but who had risen as rebels, we yet gave our hospitality to the fugitive Poles with a heartiness greater and more sincere than was ever accorded on any other occasion. All ranks in this country, and in France, combined to do them honour; and the general wish in both countries was, not to afford them a mere temporary shelter, but to give them a permanent habitation. For this purpose, and to fit them for industrial employment, the British government gave an annual grant of money, and the private subscriptions were munificent. Some of the exiles most creditably availed themselves of the means so placed within their reach, and have become amongst us useful and esteemed citizens. But there were others, and the larger number, who utterly misinterpreted this sympathy, and never would abandon their dreams of Polish restoration. For this we cannot blame them; and we must needs allow that they received much encouragement to persevere in those dreams from men who ought to have been wiser. They took undue advantage of their situation, and preferred living in idleness, though certainly not in affluence, upon eleemosynary aid, to gaining their bread honourably by active industry and exertion. This was certainly not the best way of securing the affection of a practical people like the British to them and to their cause; and the result has been, that the moral prestige of the Poles has greatly declined in this country. We are not arguing from inference, but from facts; for we are perfectly certain that if the Emperor Nicholas had made his visit to London in 1834, instead of nine or ten years later, his reception by the public would have been materially different. Since then, the Poles have altogether forfeited the esteem of the friends of order, by coming forward as the most active agents and instigators of revolution all over the continent of Europe. In France, in Italy, in Germany, and above all, in Hungary, they have thrust themselves forward in quarrels with which they had nothing to do, and even have violated that hospitality which was accorded them on account of their misfortunes. It is time that they should learn that the British public has no sympathy with unprincipled condottieri. No amount of tyranny, inflicted by one nation, will entitle an exile deliberately to arm himself against the constitution of another. Foreign service—manly open service indeed is honourable, but foreign conspiracy is, beyond all doubt, one of the basest and the worst of crimes. Now, we are not versed enough in treaties to know what are the exact terms of the conditions made between Russia and Turkey. We hope, for the sake of Bem, Dembinski, and the others, that they merely apply to the surrender of those who shall take refuge in the neighbouring territory on account of war waged, or revolt raised, against their sovereigns; and though, should such be the nature of the contract, there may still be a doubt whether the Poles are entitled to plead exemption under it, that doubt, we presume, will be given in their favour by the sheltering power; at all events, we think it very unlikely that any distinction will be drawn betwixt the two classes of refugees. Still we are compelled to maintain our honest and sincere conviction that, apart from other and greater considerations, there is nothing in this demand of Russia and Austria, to justify us in active interference. The demand has not been made on us; it does not refer to British subjects; and it in no way concerns our honour. We have nothing more to do with it, in the abstract, than if it was a demand made by the Shah of Persia upon the Emperor of China. We beg especial attention to this point, because we observe that some of our journalists assume that Great Britain and France will act together vigorously in resisting the demand. Now, we hold, that, though both countries may have a clear right to protest against such a demand, on the ground of its being at variance with the law of nations, neither of them has the right to make that a pretext for ulterior measures, or for resorting to the desperate expedient of a war. The representatives of both powers, it is said, have advised the Porte to return a firm refusal to the demand; and, since their advice was asked, we hold that they were clearly right in doing so. They were acting merely as assessors, or rather as expounders of international law. But suppose that Russia should make this declinature a casus belli with Turkey,—what then? We have in that case a most decided interest; because it is part of our policy that Russia shall not, under any pretext whatever, lay her hand upon the Turkish dominions, or force the passage of the Dardanelles. Our policy may be wrong, and Mr Cobden thinks, or thought so: still we are committed to that view; and we can hardly escape from interpreting the conduct of Russia, if she shall persist in enforcing her demand by dint of arms, into an overt attempt to get possession of the Turkish territory. But France has no such interest as we have. Our reason for disputing the possession of Turkey with Russia is a purely selfish one. We wish to prevent the latter power from coming into dangerous proximity with Egypt, and we have a kind of vague idea that some attack is meditated upon our Indian provinces. It is quite possible that these notions may be visionary or greatly exaggerated, and that Russia wants nothing more than an open passage from the Black Sea—a right which, if free-trade doctrines are to be held of universal application, it does seem rather hard to deny to her. Still, such is our idea, and in our present temper we shall probably act accordingly. But France has no real interest at stake. She has nothing to lose, suppose Russia got possession of Turkey to-morrow; and we are very much mistaken if she will go to war from a mere spirit of chivalry, and in behalf of a few refugees with whom she is in no way connected. However disturbed may be the state of France, or however inflammable may be the minds of her population, she has statesmen who will not suffer her to be committed to so egregious an act of folly. If Russia perseveres in her demand to the utmost, on Britain will fall, in the first instance at least, the whole weight of the resistance. We agree with the Times, that "this demand for the surrender of the refugees, is either a wanton outrage for an object too trifling to be insisted on, or else it masks a more serious intention of hostility against the Turkish empire;" but we are not prepared to adopt the conclusion of that able journal, that "the governments and the nations of Western Europe are resolved to oppose that demand, even to the last extremity." On the contrary, we believe that the opposition would be left to Great Britain alone.

We trust no apology is necessary for having wandered from our text on a topic of so much interest; however, we ask Mr Cobden's pardon for having left him uncourteously so long.

We were remarking that ill-luck in the way of prophecy and presentiment still clung to Mr Cobden, even as Care is said to follow the horseman. Hungary speedily succumbed, and Russia did not ask for a loan. Now that the Hungarians were beaten and victory impossible, we presume the next best thing for that unfortunate people would be to bind up their wounds, and let them return as speedily as might be to their usual industrial employments. Austria, at the conclusion of the contest, finds herself largely out of pocket. She has troops whose pay is greatly in arrear, and she has made temporary loans which it is absolutely necessary to discharge. She might, if she were so disposed, liquidate the claims of the first, by letting them loose upon the conquered Hungarians, from whom they probably could still contrive to exact a fair modicum of booty; she might pay off the latter by resorting to wholesale confiscation, and by sweeping into her public treasury whatever the war has left of value. But Austria has no desire to proceed to either extremity. She knows very well that it is not for her interest that Hungary should become a sterile waste; and she is further aware that the best mode of securing tranquillity for the future, is to foster industry, and to abstain from laying any additional burden upon the already impoverished people. Therefore, meditating no further conquest, but, on the contrary, anxious to sit down to the sober work of reparation, Austria proposes to borrow in the public money-markets of Europe a sum of seven millions. The advertisement meets the eye of Mr Cobden, who straightway rose in wrath, indited a letter to a certain Mr Edmund Fry, ordaining him to convene a public meeting in London, for the purpose of considering the said advertisement, and agreeing "to an address to the friends of peace and disarmament throughout the world, on the general question of loans for war purposes," and on the 8th October, the intrepid orator again mounted on the platform. This time, we are sorry to remark, that the meeting was neither so variously nor so interestingly attended as before. The Chartists very properly thought that they had nothing whatever to do with foreign loans; and, besides, that they had already been regaled with an ample allowance of Mr Cobden's eloquence on the subject. The two parliamentary poets were doubtless writing odes, and did not come. Also there was but a poor sprinkling of M.P.'s; but Lord Dudley Stuart was at his post, and Friend Alexander; and beyond these twain there appeared no notable whomsoever. Mr Reynolds must have been sadly missed.

Mr Cobden's first speech at this meeting—for the lack of orators was such, that he was compelled to indulge his audience with two—was a very dull and dreary affair indeed. He began first with loans in general, and went on in his usual style of asseveration. "I say that, as I have gone through the length and breadth of this country with Adam Smith in my hand to advocate the principles of free trade, I can stand here with Adam Smith also in my hand, to denounce, not merely for its inherent waste of national wealth, not only because it anticipates income and consumes capital, but also on the ground of injustice to posterity, in saddling upon our heirs a debt we have no right to call upon them to pay—the loans we have this day met to consider." It is very hard that unfortunate Adam Smith should be made answerable for all the eccentricities of Mr Cobden. Little did the poor man think, whilst hammering his brains at Kirkcaldy, that their product was to be explained at a future time, according to the sweet will of so accomplished a commentator! Adam Smith had a great deal too much sense to expect that wars would cease to arise, and government loans to be contracted. His remark is not directed against loans, but against the funding or accumulation of them, which most of us, in the present generation, are quite ready to admit to be all evil. The remedy to which he pointed, was the establishment of a sinking-fund to prevent debt from accumulating; but so long as Mr Cobden's economical views are acted on, and the currency maintained on its present basis, the idea of a sinking-fund is altogether visionary. The evil which Adam Smith complains of is permanent funding, not loan. There is nothing imprudent in a man borrowing a thousand pounds from his banker, if he regularly sets apart an annual sum out of his income for its repayment: but it is a very different thing when he hands over the debt undiminished for his successor to discharge.

Having preluded with this little piece of hocus, Mr Cobden came to the point, and attempted to show that Austria was in such a state of insolvency that it was not safe for any one to lend money to her. We by no means object to this sort of exposition. If it be true that the finances of the borrowing party are in a dismal state, we are none the worse for the information; if the statement is false, it is sure to be speedily disproved. We have no objection to concede to Mr Cobden the possession of that almost preternatural amount of knowledge, which is his daily and perpetual boast. When he tells us that he knows all about the produce of the mines of Siberia, because "I have been there, and I know what is the value of those mines"—when he speaks positively as to the amount of specie in the vaults of the fortress of St Petersburg, and states that he knows it—"because I have been on the spot, and made it my business to understand these things"—and when, with regard to the general question of Russian finance, he observes that "few men, probably not six men in England, have had my opportunities of investigating and ascertaining upon the best and safest authority on the spot, where alone you can properly understand the matter, what actually is the state of the resources of Russia,"—we listen with a kind of awe to the words of this egotistical Exile of Siberia. But though not six men in England are qualified to compete with him in his knowledge of Russian affairs, we suspect that it would be no difficult matter to find six clerks in a single banking establishment a great deal better acquainted with the state of Austrian finance than Mr Cobden. His object, it would appear, is less to warn the great capitalists—who indeed may be supposed to be perfectly capable of taking care of themselves—against the danger of handing over their money to Austria, than to secure the poor labouring man with ten pounds to spare, against defraudment. We were not previously aware that people with ten pounds to spare were in the habit of investing them in the foreign funds. We hope to heaven such is not the case, for we happen to be acquainted with several very estimable porters and Celtic chairmen, who have saved a little money; and, should the mania for foreign investment have reached them, we should tremble to approach any corner of a street where those excellent creatures are wont to linger, lest we should be assailed with the question, "Hoo's the Peroovian four per cents?" or, "Div ye ken if they're gaun to pay the interest on the New Bonos Areas bonds?" We have hitherto been labouring under the delusion that the accumulations of the working classes were safe in the British Savings Banks, or Funds; but we are now sorry to learn from Mr Cobden that such is not the case. "I knew myself," said Mr Cobden, "many years ago, when resident in the city, a man who worked as a porter on weekly wages—his family and himself being reduced to that state that they had no other earthly dependence—and yet that man had Spanish bonds to the nominal amount of £2000 in his pocket. They were not worth more than waste paper, and came into the hands of poor men like this porter, who had no experience and knowledge in such matters; and it is to guard such poor men that I now utter the voice of warning." We have not read anything more affecting since we perused The Dairyman's Daughter. Mr Cobden does not tell us that he immediately organised a subscription for the behoof of the wronged individual; but we think it probable that he did so, and, if it be not too late, we shall be glad to contribute our mite—on one condition. The next time Mr Cobden tells this story, will he be good enough to specify the precise sum which the porter paid for those bonds? Our reason for requiring particular information as to this point, is founded on a fact which lately came to our knowledge, viz. that the name of a promising chimney-sweep stands recorded in the books of a certain railway company, which shall be nameless, as the proprietor of stock in new shares, to an amount of nearly double that possessed by Mr Cobden's acquaintance. The railway has not paid a single farthing of dividend, several calls are still due, and the market price of those shares is considerably below zero. The chimney-sweep is a steady young man, whose only failing is an inveterate attachment to whisky: he never was in possession of five pounds in his life, except on the day when he became the nominal proprietor of that stock. We make Mr Cobden a present of this anecdote, in case he should have occasion, in the course of some future crusade, to warn labouring people against indulging in railway speculation. It is quite as genuine and forcible an illustration as his own; and we suspect that for one person in the position of the porter, there are at this moment some hundreds in possession of transferred certificates, like the chimney-sweep.

In sober sadness, it is pitiable to see a man reduced, for sheer lack of argument, to such wretched clap-trap as this. The wildest kind of rant about freedom and tyranny would have been more to the purpose, and infinitely more grateful to the popular ear. Mr Cobden's estimate of his own position and European importance is delicious. "I have no hesitation in saying that there is not a government in Europe that is not frowning upon this meeting!" What a mercy it is that Nicholas had no suspicion of the tremendous influence of the man who was once rash enough to trust himself in his dominions! We positively tremble at the thought of what might have ensued had Mr Cobden been detected on his visit to the Siberian mines! The governments of Europe frowning on Mr Cobden's meeting—what a subject for the classical painter!

We need hardly trouble our readers with any remarks upon the speech of Lord Dudley Stuart. His monomania on Continental subjects is well known, and he carries it so far as to hazard the most extravagant statements. For example, he set out with insinuating that this Austrian loan was neither more nor less than a deliberate attempt at swindling, seeing that it had not received the sanction of the Diet; "and, consequently," said Lord Dudley, "nothing could be easier than for the Austrian government, whenever they found it inconvenient to pay the interest of the loan, to turn round and call those who had advanced the money very simple people, and tell them that they ought to have made due inquiry before parting with it. It might be said that this would be a most extraordinary and outrageous course for any government to adopt; but they lived in times when monarchs performed acts of the most unusual and the most outrageous description; and it seemed almost as if the dark ages had returned, such scenes of barbarity and cruelty were being enacted throughout Europe, by order, and in the name of established governments." Lord Dudley Stuart is one of those who think that no crowned head can sit down comfortably to supper, unless he has previously immolated a victim. His idea of the dark ages is derived from the popular legend of Raw-head and Bloody-bones. Confiding, and it would appear with justice, in the singular ignorance of his audience, he went on to say:—"Certain writers and speakers were never tired of uttering warnings against the danger of an infuriated mob. But had any of those popular outbreaks, as they were called, ever been attended with an amount of cruelty, rapine, and spoliation, to be named in comparison with the deeds of the despots of Europe? At Paris, Vienna, and Rome, for a time, power was in the hands of the people—the wild democracy, as it was called. Where were their deeds of blood and spoliation?" Lord Dudley Stuart might just as well have asked, where were the victims of the guillotine during the supremacy of Robespierre. We have known metaphysicians who could not be brought to an acknowledgment that the continent of America has an actual existence, or that the battle of Waterloo was ever fought, owing to what they were pleased to style a want of sufficient evidence. Lord Dudley Stuart is precisely in the same situation. He has patronised foreign patriots to such an extent, that he believes every one of them to be a saint; and if he saw with his own eyes a democrat piking a proprietor, he would probably consider it a mere deceptio visus. Not that he is in the slightest degree short-sighted, or incredulous, whenever he can get hold of a story reflecting on the other side. On the contrary, he favoured his audience with a minute description of several floggings and executions, which he had, no doubt, received from his foreign correspondents; and actually threw the blame of the apostacy of some of his Polish protegees from the Christian faith upon the Czar! This is a topic upon which we would rather not touch. Men have been known to deny their Saviour for the sake of escaping from the most hideous personal agony, but we never heard before of apostacy committed for such motives as Lord Dudley has assigned. "Some, but very few men, whose lives had been devoted to fighting against Russia, and whose religion seemed to consist in that alone, lured, no doubt, by the hope of entering the Turkish army, and again waging war against their implacable enemies, Russia and Austria, had been induced to accept the offers of the Porte, and to embrace Islamism." We hope it may be long before we shall be again asked to express our sympathy for those wretched renegades from their faith.

Mr Cobden having gathered wind, again started up; and this time he did not confine himself to mere economical prose. We rather think that he felt slightly jealous of the cheering which Lord Dudley Stuart's more animated speech had elicited; for it is a well-known fact that the majority of people would rather listen to the details of an atrocious murder, than to a dissertation upon Adam Smith. Accordingly he came out hot, furious, pugnacious, and withal remarkably irrelevant. Throwing aside all consideration of the Austrian loan, he fell foul of the Czar, whom he facetiously compared to Nebuchadnezzar. Listen to the Apostle of peace! "The man was incapable of appreciating anything but a physical-force argument, and he (Mr Cobden) did not think he was departing from his peace principles, in resorting to a mode of admonition which the nature of the animal was capable of understanding. He surely might be excused from admonishing, if it were possible, a wild bull, that, if he did not take care, he might run his head against something harder even than his own skull. He therefore said, that if the Emperor of Russia attacked us, we might hermetically seal the ports of Russia, and there would be an end of the matter. There could be no fighting between England and Russia. If the question were put to a jury of twelve competent men, belonging to any maritime power, who were perfectly indifferent to the quarrel, they would at once say that as England and Russia could not come to collision by land, the only question was, what naval force would be required by England to blockade Petersburg, Archangel, Odessa and Riga for six months of the year, and that the frost would keep up the blockade for the other six months." But the best is yet to come. Mr Cobden is perfectly aware that the sentiments of such an eminent European personage as himself must have terrible weight on the Continent. When the Czar reads the report of the speeches delivered at the London Tavern, he will burst into a paroxysm of fury, order some hundred serfs to be instantly knouted to death, and send for the minister of marine. When it is known at Vienna that Cobden has declared against the Austrian loan, Francis Joseph will gnash his teeth, and desire Jellachich, Radetsky, and Haynan to concert measures with his brother emperor for taking vengeance for this unparalleled affront. What, then, are we to do? Is there no danger to Great Britain from such a combination? None—for we have a guarantee. A greater than Nicholas has promised to stand between us and peril. People of Great Britain! read the following paragraph, and then lie down in security under the charge of your protecting angel.

"If he (Mr Cobden) were told that he ran the risk of provoking these brutal tyrants to come here and attack this country, HE WOULD REPLY THAT HE WAS PREPARED TO TAKE THE RISK UPON HIMSELF OF ALL THAT THEY COULD DO!"