effects of foreign hostility. In short, the Liberals were complete and undisputed masters of the situation. But, notwithstanding all the facilities and advantages they enjoyed, what has been the condition of Portugal since they assumed the reins? What _is_ its condition at the present day? We need not go far to ascertain it. The wretched plight of that once prosperous little kingdom is deposed to by every traveller who visits it, and by every English journal that has a correspondent there; it is to be traced in the columns of every Portuguese newspaper, and is admitted and deplored by thousands who once were strenuous and influential supporters of the party who promised so much, and who have performed so little that is good. The reign of that party whose battle-cry is, or was, Donna Maria and the Constitution, has been an unbroken series of revolutions, illegalities, peculations, corruptions, and dilapidations. The immense amount of misnamed "national property" (the _Infantado_ and church estates,) which was part of their capital on their accession to power, has disappeared without benefit either to the country or to its creditors. The treasury is empty; the public revenues are eaten up by anticipation; civil and military officers, the court itself, are all in constant and considerable arrears of salaries and pay. The discipline of the troops is destroyed, the soldiers being demoralised by the bad example of their chiefs, including that of Marshal Saldanha himself; for it is one of the great misfortunes of the Peninsula, that there most officers of a certain rank consider their political predilections before their military duty. The "Liberal" party, divided and subdivided, and split into fractions, whose numbers fluctuate at the dictates of interest or caprice, presents a lamentable spectacle of anarchy and inconsistency; whilst the Queen herself, whose good intentions we by no means impugn, has completely forfeited, as a necessary consequence of the misconduct of her counsellors, and of the sufferings the country has endured under her reign, whatever amount of respect, affection, and influence the Portuguese nation may once have been disposed to accord her. Such is the sad picture now presented by Portugal; and none whose acquaintance with facts renders them competent to judge, will say that it is overcharged or highly coloured.