If the experience of the last twelve months has not opened the eyes of the most inveterate of Mr Cobden's quondam admirers to the real quality of their idol, we very much fear that such unhappy persons are beyond the reach of the moral oculist. From the first moment of his appearance upon the political stage, while yet unbe-praised by Peel, and unrewarded by that splendid testimonial, accorded unto him by judicious patriots, one moiety of whom have since done penance for their premature liberality in the _Gazette_, we understood the true capabilities of the man, and scrupled not to say that a more conceited personage never battered the front of a hustings. Some excellent but decidedly weak-minded people were rather offended with the freedom of our remarks upon the self-sufficient Cagliostro of free trade, in whose powers of transmutation they were disposed to place implicit reliance and belief. The Tamworth certificate, which we shrewdly suspect its author would now give a trifle to recall, was founded on as evidence sufficient to condemn our obstinate blindness and illiberality; for who could doubt the soundness of an opinion emanating from a statesman who was just then depositing, in a mahogany wheelbarrow, the first sod, raised with a silver spade, on a railway which, when completed, was to prove a perfect California to the shareholders? It is not impossible that, at this moment, some of the shareholders may be on their way to the actual California--having found, through bitter experience, that some kinds of diggings are anything but productive, and having learned that elderly orators, who make a practice of studying the gyrations of the weather-cock, may be sometimes mistaken in their calculations. Matters fared worse with us, when it was bruited through the trumpet of fame, that, in every considerable capital of Europe, multitudes had assembled to do homage to the apostle of the new era. Our compassionate friends, possibly deeming us irretrievably committed to folly, put on mourning for our transgression, and ceased to combat with our adversaries, who classed us with the worst of unbelievers. One facetious gentleman proposed that we should be exhibited in a glass-case, as a specimen of an extinct animal; another, indulging in a more daring flight of fancy, stigmatised us as a cankerworm, gnawing at the root of the tree of liberty. We fairly confess that we were pained at the alienation of friends whom we had previously considered as staunch as the steel of Toledo: as for our foemen, we, being used to that kind of warfare, treated them with consummate indifference. Yet not the less, on that account, did we diligently peruse the journals, which, from various lands, winged their way to the table of our study, each announcing, in varied speech, that Richard Cobden was expatiating upon the blessings of free-trade and unlimited calico to the nations. These we had not studied long, ere