The Sun.
London, England, 1862-04-28 00:00:00

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THE SU-N.
LONDON, SATURDAY, APRIL 26, 1862.

It was by a truly singular coincidence that upon
Easter Monday, the 21st April, 1862, there should
have appeared simultaneously—the one from the
Press at London, the other upon the Downs at
Brighton—

I. The Three Panics : an Historical Episode. By
RICHARD COBDEN, Esq., M.P. An octavo pam-
phlet, published by Messrs. WARD and Co.
11. The Review, by Geueial Lord CLYDE, upon
the Sussex Downs, of 20,000 Rifle Volunteers.
Accordingly as we may look at these tv,o start-
ling contrasts, through the spectacles now of those
whom their opponents call bluntly the " Alarmists,"
4)r, 'gain, through the spectacles of those whom
their opponents call derisively the champions of
Peace-at-any-Priee—maY each of S 83y, with AD-
DISON'S " gate__

t 4 The Bane and Antidote are both before me!"
Instead of the Da„g
et and the volume, or rather
the Scroll of PLATO"-an Enfield Rifle and this tell-
ing pamphlet by Mr. coBBEN
Although, really and truly,
in the remembrance
of that magnificent demonstration made on Monday
last on the White Hawk Down, near Brighton, we
cannot but regard this brilliant and interesting
brochure of the Member for Roadale as little b_t-
ter than an anachronism—heartily glad
are we,
Eeverthelcss, to have the opportunity of Welcoming
it. It is a consolation to think- that if l\lr. COB.
DEN'S eloquent voice is, nnhappilY, for the time
being hushed, by reason of that inopportune and
obdurate affection of the throat that of late years
has so often been the cause of so mush Par-
liamentary and popular disappointment—Mr. COB-
DEN'S pen can still be taken up again by him at in-
tervals, without detriment, or even inconvenience.
So that, if we are still provokingly denied the satis-
faction of listening to him, we can, at any
rate, read him ! And who that has ever
turned over the pages of his other

celebrated political pamphlets, such as the one en-
titled " England, Ireland, and America," or such,
again, as that still more famous manifesto known as
Russia, by a Manchester Manufacturer".
there that already knows Mr. COBDEN as a pam-
phleteer, but will exult in his reappearance once
more, pen in hand, no matter what the drift of his
latest argument ?

'—who is

In a very succinct form Mr. COBDEN gives us
in his present publication an animated History of
" The Three Panics"—the three memorable Panics
about what was thought, here in England, to be
upon each occasion the imminent probability of an
Invasion !

Panic the First took place in 1847-48, being
ushered in by the publication ,of the well-known
warlike brochure of H. R. H. the Prince DE JOIN-
VILLE. It was encouraged, as but few will fail to
remember, and none certainly can have the
temerity to deny, by the indiscreet issuing to the
public of what was never intended to have been
blurted out—namely, the letter addressed to Sir
JOHN BURGOYNE by the Great Duke of WEL-
LINGTON. It was closed, this First of the " Three
Panics,"in the most ludicrous manner in the world—
by the most preposterous anti-climax, by the land-
ing at Newhaven of one " Mr. WILLIAM SMITH !"
Without a wig, and with his whiskers recently
shaved off—an elderly gentleman, huddled up in an
old pea-jacket and an old blue cloth travelling cap
—Mr. SMITH having until only a few
days previously been known to all Europe
during sixteen years as King LOUIS PHIL-
LIPPE, the sovereign of Constitutional France!

Panic the Second dawned, it will be remembered,
with the coup d'etat of the 2d December, 18M—
when Somobnay nver at Par:a produced a very
striking vignette illustration of a familiar passage
in SHAKSPERE—by " stealing a precious diadem"—
and—" putting it in his pocket 1" It elicited this

time—not a Second Letter from the Duke of WEL-
LINGTON, but in lieu of that, the Militia Bill! It
was closed, with more dignity than its immediate
predecessor, by the breaking out of the Crimean
war, and the apparition soon afterwards of the
Anglo-French armies side by side, as opposed to
Russia, before the walls of the beleaguered city of
Sebastopol.

Panic the Third and (thanks, under Heaven, to

the Volunteer Movement !) we will hope
Panic the Last began in 1859 with the
reconstruction of the French navy upon a
scale than neither the Great Louis nor yet
even the Great NAPOLEON had ever dreamt of ! It
close, this—as we now recognise it to be—most
salutary alarm in England, with the building of

formidable war vessels like the Black Prince and
the Warrior, and with the organisation, in 1861, of
a force of from 100,000 to 200,000 volunteer rifle-