The majority of the world naturally look at this event with the eye of party, and as a triumph one way and a mortification the other; but I, who have no party prejudices and predilections, and care nothing who is in the chair, and not much who is in office, provided 'the thing,' as Cobbett calls it, is kept going, look at this division with sorrow and alarm, as affording undoubted evidence that no prospect appears of the possibility of this or any other Government being able to accomplish the purposes for which a Government is intended. We seem to be arrived at what is vulgarly termed a dead lock. Nothing can be more clear than that the present Ministers are in a minority, and that all the other parties in the House united can beat them when they will. It is equally clear that they can beat any section of their opponents whenever these are disunited. The political attraction which binds together the mass cannot last long, and there are too many elements of repulsion in _esse_ or in _posse_ not to insure the speedy disjunction of the several atoms; but in the meantime, if they can be held together, what is to happen? Peel will take a beating or two, but he _may_ be so beaten as to be compelled to resign or again dissolve. Suppose he dissolves. The Tories think the reaction is on the increase, and that the Conservative interest would gain largely by another dissolution; still there is scarcely a hope of their gaining enough to enable Peel to carry on the Government with such constant and dependible majorities as can alone render it efficacious and secure. On the other hand, if Peel resigns, the Opposition, should they return to power, must dissolve; for what can they do against 300 Tories? and what Ministry can by possibility be formed that can have a certain majority _of its own_ out of the heterogeneous mixture of Whigs, Radicals, Repealers, and men of every shade and gradation of opinion? Their situation, notwithstanding their victory, seems worse than that of their antagonists with reference to their power as a party; and if they do storm Downing Street and St. James's, and go again to the country, as far as appearances go, what chance have they of materially bettering their condition, and getting another House of Commons more manageable and better adapted to their purpose than this? This victory, therefore, will not enable the old Government to triumph over the new, or materially affect the positions of the two parties, and, as somebody said last night, they will be very much puzzled what to do with their majority now they have got it.