It was midnight when Mr. Disraeli rose to address the House. For years the pencil of "Punch" has seemed to take particular delight in sketching for the public amusement the features of this well-known novelist, orator, and statesman. After making due allowance for the conceded license of caricature, we must admit that the likeness is in the main correct, and any one familiar with the pages of "Punch" would recognize him at a glance. The impression which he leaves on one who studies his features and watches his bearing is not agreeable. Tall, thin, and quite erect, always dressed with scrupulous care, distant and reserved in manner, his eye dull, his lips wearing habitually a half-scornful, half-contemptuous expression, one can readily believe him to be a man addicted to bitter enmities, but incapable of warm friendships.

He had been sitting, as his manner is, very quietly during the evening, never moving a muscle of his face, save when he smiled coldly once or twice at the sharp sallies of Whiteside, or spoke, as he did very rarely, to some member near him. A stranger to his manner would have supposed him utterly indifferent to what was going on about him. Yet it is probable that no member of the House was more thoroughly absorbed in the debate or watched its progress with deeper interest. Excepting his political ambition, Mr. Disraeli is actuated by no stronger passion than hatred of Mr. Gladstone. To have been a warm admirer and protégé of Sir Robert Peel would have laid a sufficient foundation for intense personal dislike. But Mr. Disraeli has other and greater grievances to complain of. This is not the place to enter at large into the history of the political rivalry between these eminent men. Enough to say, that in the spring of 1852 Mr. Disraeli realized the dream of his lifelong ambition by being appointed Chancellor of the Exchequer, in the Ministry of Lord Derby. Late in the same year he brought forward his Budget, which he defended at great length and with all his ability. This Budget, and the arguments by which it was supported, Mr. Gladstone—who had already refused to take the place in the Derby Cabinet—attacked in a speech of extraordinary power, demolishing one by one the positions of his opponent, rebuking with dignified severity the license of his language, and calling upon the House to condemn the man and his measures. Such was the effect of this speech that the Government was defeated by a decided majority. Thus dethroned, Mr. Disraeli had the additional mortification of seeing his victorious opponent seated in his vacant chair. For, in the Ministry of Lord Aberdeen, which immediately succeeded, Mr. Gladstone accepted the appointment of Chancellor of the Exchequer. The Budget brought forward by the new Minister took by surprise even those who had already formed the highest estimate of his capacity; and the speech in which he defended and enforced it received the approval of Lord John Russell, in the well-known and well-merited compliment, that "it contained the ablest expositions of the true principles of finance ever delivered by an English statesman." Since that memorable defeat, Disraeli has lost no opportunity of attacking the member for Oxford University. To weaken his wonderful ascendency over the House has seemed to be the wish nearest his heart, and the signal failure which has thus far attended all his efforts only gives a keener edge to his sarcasm and increases the bitterness of his spirit. That persistent and inflexible determination which, from a fashionable novelist, has raised him to the dignity of leader of the Conservative party in the House of Commons, that unsparing and cold-blooded malignity which poisoned the last days of Sir Robert Peel, and those powers of wit and ridicule which make him so formidable an adversary, have all been impressed into this service.

His speech this evening was only a further illustration of his controlling desire to enjoy an ample and adequate revenge for past defeats; and, undoubtedly, Mr. Disraeli displayed a great deal of a certain kind of power. He was witty, pungent, caustic, full of telling hits which repeatedly convulsed the House with laughter, and he showed singular dexterity in discovering and assailing the weak points in his adversary's argument. Still, it was a painful exhibition, bad in temper, tone, and manner. It was too plainly the attempt of an unscrupulous partisan to damage a personal enemy, rather than the effort of a statesman to enlighten and convince the House and the nation. It was unfair, uncandid, and logically weak. Its only possible effect was to irritate the Liberals, without materially strengthening the position of the Conservatives. When "Dizzy" had finished, the floor was claimed by Lord John Russell and Mr. Bright. It was sufficiently evident that members, without distinction of party, desired to hear the last-named gentleman, for cries of "Bright," "Bright," came from all parts of the House. The member for Birmingham is stout, bluff, and hearty, looking very much like a prosperous, well-dressed English yeoman. He is acknowledged to be the best declaimer in the House. Piquant, racy, and entertaining, he is always listened to with interest and pleasure; but somehow he labors under the prevalent suspicion of being insincere, and beyond a small circle of devoted admirers has no influence whatever in Parliament.

To the manifest discontent of the House, the Speaker decided that the Honorable Secretary for Foreign Affairs was entitled to the floor. Lord John Russell deserves a more extended historical and personal notice than the legitimate limits of this article will allow. But, as his recent elevation to the peerage has led the English press to give a review of his political antecedents, and as these articles have been copied quite generally into our own leading newspapers, it may be fairly presumed that most of my readers are familiar with the prominent incidents in his long and honorable public career. As a speaker he is decidedly prosy, with a hesitating utterance, a monotonous voice, and an uninteresting manner. Yet he is always heard with respectful attention by the House, in consideration of his valuable public services, his intrinsic good sense, and his unselfish patriotism. On the question at issue, he took ground midway between Lord Palmerston and Mr. Gladstone.

It was now about two, A.M. Since the commencement of the debate eighteen members had addressed the House. At this point a motion prevailed to adjourn until noon of the same day.

On the reopening of the debate at that hour, Mr. Bright and a few other members gave their views upon the resolutions of the Premier, and the final vote was then taken with the result already indicated.

A LEGEND OF THE LAKE.

Should you go to Centre-Harbor,
As haply you some time may,
Sailing up the Winnipisauke,
From the hills of Alton Bay,—

Into the heart of the highlands,
Into the north-wind free,
Through the rising and vanishing islands,
Over the mountain sea,—

To the little hamlet lying
White in its mountain-fold,
Asleep by the lake, and dreaming
A dream that is never told,—