peruse, who returned it to Lord Grey. In this state the matter stood yesterday morning, apparently with every prospect of being arranged. Wharncliffe had already spoken to Dudley, Lyndhurst, and De Ros, the only Peers of his party he had seen, and to the Archbishop of Canterbury, who were all delighted at what had passed. He had written to the Duke of Wellington and Peel, and he is busying himself in consulting and communicating with all the Peers and influential Commoners of the party whom he can find in town. The terms are not settled, but the general basis agreed upon seems to be this: the concession of Schedule A, of representatives to the great towns, and a great extension of the county representation on one side; the abandonment, or nearly so, of Schedule B, such an arrangement with regard to the L10 qualification as shall have the practical effect of a higher rate, and an understanding that the manufacturing interest is not to have a preponderating influence in the county representation; a great deal to be left open to discussion, especially on all the subordinate points. [Page Head: NEGOTIATION WITH THE WAVERERS] Such is the history of this curious transaction, which affords a triumphant justification of the course which the Opposition adopted; indeed, Palmerston admitted to Wharncliffe that their tactics had been entirely judicious. It is likewise a great homage rendered to character, for Wharncliffe has neither wealth, influence, nor superior abilities, nor even popularity with his own party. He is a spirited, sensible, zealous, honourable, consistent country gentleman; their knowledge of his moderation and integrity induced Ministers to commit themselves to him, and he will thus be in all probability enabled to render an essential service to his country, and be a principal instrument in the settlement of a question the continued agitation of which would have been perilous in the extreme. Besides the prospect of a less objectionable Bill, an immense object is gained in the complete separation of the Ministry from the subversive party, for their old allies the Radicals will never forgive them for this compromise with the anti-Reformers, and they have now no alternative but to unite with those who call themselves the Conservative party against the rebels, republicans, associators, and all the disaffected in the country. After all their declarations and their unbending insolence, to have brought down their pride to these terms, and to the humiliation of making overtures to a party whose voice was only the other day designated by John Russell as 'the whisper of a faction,' shows plainly how deeply alarmed they are at the general state of the country, and how the conflagration of Bristol has suddenly illuminated their minds. That incident, the language of the associations, the domiciliary visits to Lord Grey at midnight of Place and his rabble, and the licentiousness of the press, have opened their