It is the fashion to consider Peel's speech at the Mansion House less Liberal in tone and indicative of less confidence than his letter to Tamworth. I don't perceive much difference. Lord Roden has refused to be Lord Steward, but the invitation has done the mischief. Lord Haddington goes to Ireland, after making many difficulties, but finishing by liking the appointment. Both parties remain equally confident as to the result of the elections; the Whigs, as it appears to me, with greater reason, and as the resolution of the allies (the Whigs and Radicals) is to throw out the Government as speedily as possible, and without caring for consequences, I don't see how they ever can stand. The other night at Holland House, Mulgrave, who is one of the leading men of the electioneering committee, admitted that he did not see what was to follow the overthrow of the Government, but that the difficulty was one of their own creating; others of them assert that Melbourne or Spencer will return, and another Whig Government be formed, but they leave out of calculation that the Radicals with whom they have joined will not suffer themselves to be brushed off when done with, nor will the Tories come down to assist them if they endeavour again to make head against the Radicals. The Tories have shown themselves a reckless and desperate party, and I see no reason for supposing that their conduct will belie their character; they overthrow their friends from revenge, and will hardly save their enemies from charity; their interest, their real interest, they seem destined ever to be blind to. There may be a hope that, having put themselves under the orders of Peel, they will act in a body as he shall direct them, and if so they may be a powerful and useful Opposition, and I really believe that he will not turn his eyes from the true interests of the country, or cease to regard all those contingencies which may, under dexterous management, be eventually turned to account. It is, however, impossible not to feel greatly disquieted at the aspect of affairs--at the mixture of bad spirit and apathy that prevails, for I consider the apathy an evil and not a good sign. Those who express most loudly their alarm and abhorrence of ultra doctrines make little exertion, personal or pecuniary, to stem their torrent. There have been some great examples of liberality. I heard only the other day that the Duke of Buccleuch subscribed £20,000 for the election of 1831; Lord Harrowby (a poor man) has given £l,000 for this. The fact is, it is in politics to a certain degree as in religion. Men fear in the one case in the same manner as they believe in the other; they have some doubts in both cases, but no convictions. Their conduct belies their assertions, and when compared with that which they observe on occasions where there is no room for doubt, it will be seen that their want of energy or decision, their various inconsistencies,