Such being our sentiments, it is with considerable pain that we feel ourselves called upon to notice as strong an instance of charlatanism and presumption as was ever exhibited in this country. Fortunately, on this occasion, the offender has gone so far that no one can be blind to his delinquencies; for, if there be any truth in the abstract principles of the Peace Association, their last disciple has disowned them; if the doctrines of free trade were intended to have universal application, Richard Cobden, in the face of the universe, has entered his protest against them. It signifies very little to us, and less to the powers against whom he has thundered his anathemas, what Mr Cobden thinks proper either to profess or repudiate; still, as he has been pleased to attempt the performance of the part of Guy Fawkes, we judge it necessary to conduct him from the coal-cellar, and to throw the light of the lantern upon his visage, and that of his accomplices. And, first, a word or two as to the occasion of his last appearance. The recent Hungarian rising is by no means to be classed in the same category with the wretched Italian insurrections. Much as it is to be deplored that any misunderstanding should have arisen between the Austrian cabinet and the Hungarian Diet, so serious as to have occasioned a war; we look upon the latter body as uninfluenced by those wild democratic notions which have been and are still prevalent in the west of Europe. Whatever may have been the case with Kossuth, and some of his more ambitious confederates, the mass of the Hungarian people had no wish whatever to rise in rebellion against their king. Their quarrel was that of a minor state to which certain privileges had been guaranteed; against the presumed infringement of which, by their more powerful neighbour, they first protested, and finally had recourse to arms. Their avowed object, throughout the earlier part of the struggle, was not to overturn, but to maintain, certain existing institutions: and it is remarkable that, from the day on which Kossuth threw off the mask, and renounced allegiance to his sovereign, the Hungarians lost confidence in their leader, and their former energy decayed. We need not now discuss the abstract justice of the Hungarian claims; but whatever may be thought of these, we must, in common fairness to Austria, consider her peculiar position at the time when they were sought to be enforced. Concessions which, during a season of tranquillity, might have been gracefully made, were rendered almost impossible when demanded with threats, in the midst of insurrection and revolt. It was but too obvious that the leaders of the Hungarian movement, forgetful of their fealty to the chief of that great empire of which their country formed a part, were bent upon increasing instead of lessening the difficulties with which Austria was everywhere surrounded, and eager to avail themselves of distractions