palpable, or which was also, perhaps, before suspected, but which in the want of any certainty, we had to oppose by the hope of chance, reliance on good fortune, Providence or a bold attitude. Now, all this has proved insufficient, and the bitter truth meets us harsh and imperious. All these feelings are widely different from a panic, which in an army fortified by military virtue never, and in any other, only exceptionally, follows the loss of a battle. They must arise even in the best of Armies, and although long habituation to War and victory together with great confidence in a Commander may modify them a little here and there, they are never entirely wanting in the first moment. They are not the pure consequences of lost trophies; these are usually lost at a later period, and the loss of them does not become generally known so quickly; they will therefore not fail to appear even when the scale turns in the slowest and most gradual manner, and they constitute that effect of a victory upon which we can always count in every case. We have already said that the number of trophies intensifies this effect. It is evident that an Army in this condition, looked at as an instrument, is weakened! How can we expect that when reduced to such a degree that, as we said before, it finds new enemies in all the ordinary difficulties of making War, it will be able to recover by fresh efforts what has been lost! Before the battle there was a real or assumed equilibrium between the two sides; this is lost, and, therefore, some external assistance is requisite to restore it; every new effort without such external support can only lead to fresh losses. Thus, therefore, the most moderate victory of the chief Army must tend to cause a constant sinking of the scale on the opponent’s side, until new external circumstances bring about a change. If these are not near, if the conqueror is an eager opponent, who, thirsting for glory, pursues great aims, then a first-rate Commander, and in the beaten Army a true military spirit, hardened by many campaigns are required, in order to stop the swollen stream of prosperity from bursting all bounds, and to moderate its course by small but reiterated acts of resistance, until the force of victory has spent itself at the goal of its career.