_Newmarket, November 1st._--I came here last Saturday week. On Friday I believed it to have been _settled_ that nothing should be done by the Government to relieve the panic. On that day, however, George Glyn and other bankers had had an interview with John Russell, and they came from it with a persuasion that he would do something.[23] The same evening Peel came to town on his way to Windsor. Charles Wood went to him, laid before him the state of affairs, telling him all the accounts they had received from the country, all the pressure they were undergoing, and explained their views and intentions. On the next day, Saturday, still more urgent demands were made, and still more alarming representations arrived. On Sunday, a Cabinet (or half Cabinet) was held, and there it was resolved to grant the relief that has been seen. The Duke of Bedford was bidden to Windsor to meet Peel, who went there on Saturday. At dinner on Sunday the Queen received Lord John's box with the result of the deliberations of the Cabinet, which he requested Her Majesty to communicate to Peel. The next day the Duke of Bedford had a long conversation with Peel, very amicable and very satisfactory. He spoke in high terms of Lord John Russell and commended the Government, expressed his acquiescence under the peculiar circumstances of the case in the resolution they had come to, and declared his intention to support them. He appears to have talked very openly, and in a very friendly and even generous spirit. The Duke happened to have with him a letter which Lord John had written to him at the time of Peel's bill passing through Parliament, in which he had expressed his approval of the general principle, but found fault with some of the details. This letter the Duke showed to Peel, who was exceedingly pleased, and told him his brother was quite right, and that his bill had been faulty in the details which he had remarked upon. [Footnote 23: [It was on October 25 that the Government authorised the Bank of England to issue paper in excess of the limit imposed by the Act of 1844. This measure led to the immediate meeting of Parliament to pass a Bill of Indemnity, though the power was revoked on November 23.]]