What is to be the effect upon England of the reign of the Prince of Wales? Will England and her statesmen endure the rule of a profligate sovereign? No country can have undergone in equal time a greater revolution in public taste and sentiment at least, if not in morals, than England has since the time of George the Fourth. No genius, no eloquence, no political wisdom or merits could now induce the English people to put up with the open and undisguised excesses of a Fox; nor could any English statesman of the rank of Fox be found now who would condescend to pander to the vices of a George the Fourth. Thirty years of decorum in the Court, the Parliament, and the press have created a public feeling in England which will not long bear to be too openly offended by any one. But, although I may seem at first to be enunciating a paradox, I must say that all this is rather in favor of the chances of the Prince of Wales than against them. It will take so small a sacrifice on his part to satisfy everybody, that only the very extravagance of folly could lead him long astray on any unsatisfactory course, when once he has become directly responsible to the nation. We are not exacting in England as regards the private conduct of our great people. We only ask them to be publicly decorous. Everywhere in English society there is a quite unconscious, naive sort of Pharisaism, the unavowed but actual principle of which is that it matters very little if a man does the wrong thing, provided he publicly acts and says the right thing. I am perfectly satisfied that the great bulk of respectable and Philistine society in England would regard Robert Dale Owen, with his pure life and his views on the question of divorce, as a far more objectionable person than the veriest profligate who did evil stealthily, and professed to maintain the theory of a rigid marriage bond. The Prince of Wales will therefore need very little actual improvement in his way of life, in order to be all that his future subjects will expect, or care to ask. No one wants the Prince to be a man of ability; no one wishes him to be a good speaker. If Albert Edward were to rise in the House of Lords some night, and deliver a powerful and eloquent speech, as Prince Napoleon has often done in the French Senate, the English public would be not only surprised but shocked. Such a feat performed by a Prince would seem almost as much out of place, as if he were to follow the example of Caligula or Nero and exhibit himself in the arena as a gladiator. Of course the idea of the Prince of Wales fulminating against the policy of the Crown and the Government, after the fashion of Prince Napoleon, would be simply intolerable to the British mind of to-day--a thing so outrageous as indeed to be practically inconceivable. The Prince of Wales's part during the coming years, whether as first subject or as ruler, is as easy as could well be assigned to man. It is the very reverse of Bottom's; it is to avoid all roaring.