On the first of February, England was in a tranquil condition, the anti-Papal agitation having almost entirely subsided. The journals were engaged in discussing law reform, the New-York Revised Code being commended as a model in many quarters. In the Queen's speech at the opening of Parliament--an advance copy having been forwarded to this country--a thorough reform of the Equity courts is recommended, as well as the introduction of an act for the registration of deeds, equally applicable to each of the three kingdoms. Her Majesty alludes in terms of comparative mildness to the Wiseman affair, commending the question to the attention of Parliament. Public opinion is strongly in favor of a large reduction in taxation, and it is anticipated that the window tax will be abolished. The quarterly returns of the revenue have been highly satisfactory, since, notwithstanding the abolition of the tax on bricks and the reduction of the stamp duty, the income exceeds that of the previous year by about L165,000. The great crystal palace in Hyde Park is rapidly advancing towards its completion. The immense structure is exciting the wonder and admiration of the metropolis, and the opening of the fair is anticipated with great interest. The strength of the building has been amply tested by a severe storm of hail and wind, which passed over without breaking a pane of glass. All quarters of the world are sending specimens of their manufactures and natural productions. South Africa, Australia, and the islands of the sea will be represented, while Cashmere shawls, robes of pearl, and Runjeet Singh's golden saddle, will be sent from India. The U.S. Mail steamer Atlantic, which sailed from Liverpool on the twenty-eighth of December, arrived in the harbor of Cork on the twenty-second of January, having been at sea twenty-five days. When in lat. 46 deg. 12', lon. 41 deg. 30', about midway between Cape Clear and New-York, her main shaft broke, rendering the engines useless. After running westward two days under sail, a heavy gale arose, when Captain West put her head about, and made for Cork, a distance of 1400 miles, which she made in eleven days. The steamer Cambria was instantly chartered to take her place, but most of her passengers left Liverpool in the Africa, on February 1st. It is stated on the authority of Earl Monteagle, that the British Government have resolved to make Holyhead the port of arrival and departure for the transatlantic mail steamers.