Herein, too, he gives his opinion of the policy of Lord Palmerston and other statesmen, showing very decided and biassed views of the course they would probably adopt, and venturing on surmises which, as events have proved, were not well grounded. They, however, are valuable, not only as clear expositions of his views on the subject, but as specimens of his open and undisguised style of writing, without fear or favour, when his own political ideas required elucidation:— “B. M., July 25, 1853. “My dear Haywood, Here there is nothing new. There will be no war, as the Emperor of Russia will gain something. He never meant to get all he asked, now, at once, and will make a merit of his moderation. In five or six years hence we shall have another row, and he will get something more—and so on till he will get all he wishes. Time will come when England will repent her supineness. You think that to keep at peace ‘coûte que coûte’ is the high road to prosperity: I think it is ruin. I am reminded of the debtor who will not look at the state of his affairs boldly, and pay off: he goes on accumulating compound interest, till at last he finds himself ruined past redemption.” Yours, &c., &c., A. PANIZZI.” “August 15, 1853. “My dear Rutherfurd, “... I agree with you as to the deplorable state of affairs, both at home and abroad. The Government, beaten regularly twice a day, is brought into contempt. Lord Palmerston has fallen very much in public opinion; his escapade last Christmas has done him very great harm. He is considered by _all his friends_ the very worst Home Secretary that ever was. As to foreign affairs, things are bad. The allied powers are at the feet of Austria, who will never make war on Russia except the infamy is submitted to by France and England guaranteeing Austria all her dominions. I hope that England will not join in it, but I think France will do it, and the guarantee of France is the important one. Here Liberals are at a discount....” Ever thine, A. PANIZZI.” “September 12, 1853. “My dear Rutherfurd,