Meanwhile the organization of the Irish National party had been developed to a point of perfection in anticipation of the New Reform Bill. That bill promised nothing in particular either to Gladstone or Salisbury, and it has given to neither any particular advantage over the other. In the counties the Liberal interest has advanced; in the boroughs it has markedly declined. But it promised everything to Parnell, and the fulfilment has been equal to the promise. It is no exaggeration to say that with a compact following of eighty-six he is virtually "master of the situation." But his position, on the other hand, is undoubtedly very critical. It is one which few men are likely to envy; it is one which not one in a thousand is competent to fill. Will he be equal to it? Where Grattan--sagacious, eloquent, high-minded and sincere--so signally failed, is Parnell likely to succeed? To-day his party is united, enthusiastic and strong, but when the hour for compromise and concession arrives, will the unanimity be maintained? Does Mr. Parnell himself know how much to ask, how little he ought to take, and where to draw the limit of compromise? Repeatedly Mr. Gladstone has invited Irish leaders to bring forward some definite scheme, and let the country know what they meant by "Home Rule." The cry, as a party watchword, has served admirably--seldom has a couple of words served so well--because, as expressing Irish National aspirations, it meant everything in general and nothing in particular; but the moment is at hand when it will be necessary to reduce it to a definite and feasible scheme of domestic government and policy. When that moment comes, will the prince of obstructionists in St. Stephen's prove himself equally capable as a constructive statesman on College Green? Should Mr. Gladstone find himself in a position soon after the opening of Parliament (he is not in a position now) to enter into practical negotiation with Mr. Parnell, may not the latter discover, as many an able and successful leader of men has done before him, that the next sad thing to a great defeat is a great victory? It is no secret that the demand Mr. Parnell, as the head of the Irish Nationalist party, is commissioned to make on behalf of Ireland, is a demand for national self-government almost, if not quite, amounting to national independence: it is equally well known that no British statesman would ever think, in the present state of public sentiment, of countenancing such a claim. For ourselves we do not venture to forecast the issue of the conflict; for "prophecy is the most gratuitous style of error." We content ourselves with hoping that the settlement may be speedy, pacific, satisfactory, and lasting. ELIZABETH.[E] A ROMANCE OF COLONIAL DAYS. BY FRANCES C. SPARHAWK, Author of "A Lazy Man's Work." CHAPTER XXX. AN OLD ACQUAINTANCE.