_February 11th._--I never remember Parliament meeting with much greater curiosity and excitement. The situation of the Government is generally regarded as so precarious, and the revolution in Palmerston's popularity and therefore his power is so extraordinary, that everybody is expecting some great events will occur, and the hopes of all who wish for a change and who expect to profit by it are reviving. The bill brought in by Palmerston on Tuesday for the purpose of punishing conspirators and with a view to satisfy the exigency of the French Government made a great stir. The leave to bring it in was carried by a large majority, thanks to the Conservatives, but its success was principally owing to the Emperor's apology arriving just before the debate began. This pacified most of those who were enraged at the publications in the 'Moniteur,' and disposed to oppose the measure on account of the conduct of the French Government. I have no sympathy with such a feeling, but it is well calculated to go down with the public, and to afford a plausible pretext to the Ultra-Liberals and the crotchety politicians. The greatest objection to this bill is that it will probably be quite useless for its alleged object, and though perhaps something more stringent might be useful, the Government do not dare propose anything beyond the present measure. Perhaps the most serious reflexion to which this matter gives rise is the suspicion that the conduct of the Emperor Napoleon betrays either some strange infirmity in his faculties, or something so unsound and dangerous in the state of France, as to be pregnant with possible consequences it is frightful to contemplate. All that he has been doing, or has allowed to be done of late, is indicative of a change; for the moderation and prudence, together with firmness and decision, which have hitherto formed his best claim to the admiration and approbation of this country seem to have completely deserted him. The penal laws enacted or to be enacted in France are considered as the inauguration of a reign of terror, and there is rapidly growing up the same sort of feeling about the French Empire that there is here about the Palmerston Government. Nobody pretends to foresee what will happen, but everyone thinks that the state of France is rendered more combustible, and that any spark may produce an explosion. Those who are most attached or most favourable to the Imperial Government are the most alarmed, and, when they dare speak out, express the greatest regret and alarm at all that is passing in France. [Sidenote: PERILS OF THE GOVERNMENT.]