The development of events from this cardinal epoch to the defeat of the Union arms at Ball's Bluff, is traced by Mr. Greeley with a vigorous and discriminating pen. His comments may not always command conviction, but they can never fail to win respect. He expresses himself with freedom, although temperately, in regard to the character of the prominent military leaders, and subsequent facts have confirmed the sagacity of his judgment. He holds General Scott to a rigid responsibility for the inglorious days of Bull Run, which dispelled all lingering illusions as to his capacity for the conduct of a great war. The Fabian policy of General McClellan in the campaign of the succeeding winter is ably discussed. According to Mr. Greeley, this is not to be accounted for by a constitutional aversion on the part of our young Napoleon to the shedding of blood,--that is, of other men's; since he was eager to involve the country in another war by the refusal to surrender Mason and Slidell. Natural timidity and irresolution no doubt had their influence. But beyond this was the slowly awakened consciousness that Slavery was the real assailant of our national existence. General McClellan saw, that, in order to carry out the policy to which he had been long committed, in order to save both slavery and the Union, there must be little fighting and a speedy compromise. It is only on this hypothesis that his course while in high command, but especially during that long autumn and winter, admits of a consistent and intelligible explanation. _The Iliad of Homer faithfully translated into Unrhymed English Metre._ By F. W. NEWMAN. London. 1856. Mr. Newman executed this translation upon the theory that Homer was a "noble savage"; that his congener would be found in a "lively African from the Gold-Coast"; that his style of language and thought was to the age of Pericles what that of the very oldest ballads is to ours; that he must be rendered, therefore, in English by a ballad-metre and an antiquated diction. To this capricious and indefensible theory, and to the translation, so far as founded upon it, Mr. Matthew Arnold seems to have given the _coup de grace_. We come, accordingly, not to criticize, but to bury.