CORK, _December 20th._ It is impossible to exaggerate the panic prevailing among the landed proprietors of Cork, Kerry, Tipperary, Limerick, and Clare. Within the triangle, which may be roughly described as inclosed by Galway town, Waterford, and Valentia Island, a reign of terror paralyses all those classes of the population owning any kind of property directly or indirectly connected with land. Perhaps the agents whose calling is menaced with extinction preserve the most equable mind under the present arduous circumstances. They are to the manner born. They are accustomed to receive threatening letters frequently, and to be shot at now and then. Individually, therefore, they bear up very well, but it is far otherwise with their families, who look forward to St. Stephen's Day and its threatened meetings with undisguised apprehension. The men leave home in the morning bristling with double-barrelled carbines and revolving pistols, and, confiding either in themselves, their police escort, or both, keep, in the language of the country, a "good heart"; but it is far otherwise with their wives and daughters. As the "master" and the "boys" prepare to depart, and guns are being put on the car, together with the rugs and macintoshes, the matron's cheek grows pale, and her lips quiver as she bids farewell to the beloved ones, whom she may never see "safe home" again. This is no picture drawn by the imagination, with which flattering critics are pleased to credit me. Such a scene as I describe was witnessed by me a few days ago, and I regret to hear that the brave lady, who bore up well for several weeks against ever-present anxiety, has broken down at last, and lies on a bed of sickness. In this struggle against a covert mutiny, women, as in open warfare, are the chief sufferers. There are many of the men who ask for nothing better than to be let loose on some visible mortal representatives of their intangible foe. But the general feeling is despondent. The unfortunate landowners, house proprietors, and many of the merchants, complain bitterly that they are delivered into the hands of a "convict," whose ticket of leave enables him to paralyse the industry of the country.