are we liable to the charge of prejudice when we aver that we would rather march to combat under the guidance of a Caractacus than that of a Cobden? But is there any chance of an invasion? We reply--that depends in a great measure upon the extent of our actual preparation. If it is known abroad, and notorious, that we have made our citadel impregnable, the probabilities of any such attempt are extremely lessened. If, on the contrary, we are manifestly unable to resist aggression, we do unquestionably increase our risk to an enormous degree. Which of us can calculate on our escaping from the embroilment of war, in the present distracted state of European politics, for a year, or even for a month? The last time we approached this subject of the national defences was towards the commencement of the year 1848, when Cobden was attempting to preach down military establishments. Our readers may recollect the arguments which he used at that time. He represented that the whole world was at profound peace and tranquillity; that the nations were thinking of nothing else but relaxation of tariffs, and the interchange of calicoes and corn; that men were a great deal too wise ever again to appeal to the rude arbitration of the sword--and much more trash of a similar nature, which seemed to give intense delight to his cultivated Manchester audience. We considered it necessary to tie him up to the halberts, and gave him a castigation which to this hour he writhingly remembers. We pointed out then the utter absurdity of his notion, that Free-trade was to supersede Christianity as a controller of the passions of mankind; and we insisted that, so far from real tranquillity being established on the Continent, it was "quite possible that France may yet have to undergo another dynastic convulsion." What followed? Before the number of the Magazine which contains that paper was published, the Revolution broke out in France, and extended itself over more than half the Continent. It is not yet completed, or anything like completed--it is resolving itself into war, the natural and inevitable sequence of all such revolutions. Hitherto we have kept out of it by good fortune, if not by dexterous management. But our escape was a very narrow one. Once we were so very near a rupture, that the French ambassador was recalled from St James's, and the Russian ambassador just about to retire. Was there no danger then? Who that regards the political aspects abroad, will give us a guarantee that some new emergency may not arise, involving a _casus belli_, from some circumstance almost as trivial and insignificant as the claims of Don Pacifico? His Holiness the Pope, in return for Mintonian advice and Whig support, has been pleased to prefer a spiritual claim over the British dominions--how if France, rather at a loss for some enterprise abroad to sustain her government at home, should take a fancy for a new crusade, and determine on backing, by temporal artillery, the less