had so often been predicted, into the leading Power of the world, it was thus absolutely necessary that the inequality complained of should be redressed. Some weak point in our armor must be discovered. Some means must be found to shatter the palladium of our insular security. Hence there arose the idea of creating a great Oriental satrapy, under Russian administration, which should envelop the north-west frontier of our Indian Empire, and from which, as occasion might arise, pressure could be exerted, or, if necessary, armed demonstrations might issue, which would neutralise British opposition in Europe, and would place our policy on the Bosphorus or elsewhere in subordination to her own. In former times, as is well known, elaborate schemes have been discussed at St. Petersburg for the actual invasion of India, and, if we may judge from the utterances of the Moscow press and the fervid letters of certain Russian generals, the same exalted ideas still prevail in many military circles; but assuredly no such extravagance has been apparent in the careful plan of trans-Caspian operations hitherto adopted by the Russian Government, which has, on the contrary, been of the soberest and most practical character. The end in view has been simply to arrive by gradual accretion of territory at the frontier of India. In pursuance of this object Russia has incurred expense without any immediate prospect of return, to an extent which has filled economists with dismay; fifty millions sterling, at least, having been expended by her in Central Asia during the last twenty-five years. Native rights at the same time have been mercilessly trampled on, and, above all, diplomacy has pushed its privilege of deception far beyond the bounds hitherto recognised as legitimate; but success, which condones all such irregularities, has rewarded her efforts, and the crisis has now arrived, almost sooner than was expected.