The night before last Althorp brought forward his plan of Irish Church Reform, with complete success. He did it well, and Stanley made a very brilliant speech. The House received it with almost unanimous applause, nobody opposing but Inglis and Goulburn, and Peel, in a very feeble speech, which scarcely deserves the name of opposition; it will be of great service to the Government. O'Connell lauded the measure up to the skies; but Sheil said he would bite his tongue off with vexation the next morning for having done so, after he had slept upon it. It was clear that Peel, who is courting the House, and exerting all his dexterity to bring men's minds round to him, saw the stream was too strong for him to go against it, so he made a sort of temporising, moderate, unmeaning speech, which will give him time to determine on his best course, and did not commit him. Poulett Thomson said to me yesterday that Peel's prodigious superiority over everybody in the House was so evident, his talent for debate and thorough knowledge of Parliamentary tactics, gained by twenty years of experience, so commanding, that he must draw men's minds to him, and that he was evidently playing that game, throwing over the ultra-Tories and ingratiating himself with the House and the country. He, in fact, means to open a house to all comers, and make himself necessary and indispensable. Under that placid exterior he conceals, I believe, a boundless ambition, and hatred and jealousy lurk under his professions of esteem and political attachment. His is one of those contradictory characters, containing in it so much of mixed good and evil, that it is difficult to strike an accurate balance between the two, and the acts of his political life are of a corresponding description, of questionable utility and merit, though always marked by great ability. It is very sure that he has been the instrument of great good, or of enormous evil, and apparently more of the latter. He came into life the child and champion of a political system which has been for a long time crumbling to pieces; and if the perils which are produced by its fall are great, they are mainly attributable to the manner in which it was upheld by Peel, and to his want of sagacity, in a wrong estimate of his means of defence and of the force of the antagonist power with which he had to contend. The leading principles of his political conduct have been constantly erroneous, and his dexterity and ability in supporting them have only made the consequences of his errors more extensively pernicious. If we look back through the long course of Peel's life, and enquire what have been the great political measures with which his name is particularly connected, we shall find, first, the return to cash payments, which almost everybody now agrees was a fatal mistake, though it would not be fair to visit him with extraordinary censure for a measure which was sanctioned by almost all the great financial authorities;