What this shall be will be discussed this morning. The greatest doubt prevails in the town about the formation of the Government. If Peel and Graham would communicate frankly with John Russell, and really try to come to some understanding or fair compromise; if they would consider the difficulties together and make a joint attempt to remove them, the work would not be difficult; but there is always a great difficulty when it is necessary to deal with such men as Peel and Graham--the one cold, reserved, suspicious, and insincere, the other slippery. Certainly the contrast between Peel's position and his reputation on his coming into office four years ago, and at this moment of his quitting it, is most remarkable and curious. Never was any Minister so triumphant as he was then. He had routed his opponents, reduced them to a miserable state of weakness, and heaped unpopularity and discredit upon them. With his own party he was like a general who had just led his troops on to victory; they looked up to him with admiration, and obeyed him implicitly; all the world was admiring and applauding him, abroad and at home. And what has been his career before the world? Successful to the uttermost of general expectation; personally he vanquished the dislike of the Queen and ingratiated himself entirely with her. He terminated dangerous contests and embarrassing disputes, he restored peace, he put the finances in good order. It would be difficult to point out any failure he suffered, and easy to show that no Minister ever had to boast of four more prosperous years, or more replete with public advantage and improvement. His majority in both Houses of Parliament has certainly not been diminished; and if he had met Parliament as Minister next session, he would in all probability have found himself supported by majorities quite as large as when he took possession of the Government. And the end of all this triumph, popularity, prosperity, and power is a voluntary fall, a resignation of office in the midst of such a storm of rage, abuse, and hatred as no other Minister was ever exposed to. His political opponents are not disposed to give him credit for either wisdom or patriotism, while his followers (friends he has none) heap reproaches upon him, in which they exhaust the whole vocabulary of abuse, and accuse him of every sort of baseness, falsehood, and treachery. And what is the cause of this mighty change? It is because he is wiser than his people, that he knows better than they do what are the true principles of national policy and national economy; because, amidst a chaos of conflicting prejudices and interests, amidst the clashing of mighty powers, he entertains sound views and wants to give effect to them. It was well said that it was his purpose 'to _betray_ the country into good measures.' The tendency of his measures has been good. If he had had time, he would have accomplished much good; but he was unfortunately 'cribbed, cabined,