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in the composition of a singular people. She did a little mischief by dropping on the stock-markets; in other respects she was harmless, and, inasmuch as she established a subject for conversation, useful. Then, lest she should have been taken too seriously, the Press, which had kindled, proceeded to extinguish her with the formidable engines called leading articles, which fling fire or water, as the occasion may require. It turned out that we had ships ready for launching, and certain regiments coming home from India; hedges we had, and a spirited body of yeomanry; and we had pluck and patriotism, the father and mother of volunteers innumerable. Things were not so bad. Panic, however, sent up a plaintive whine. What country had anything like our treasures to defend? countless riches, beautiful women, an inviolate soil! True, and it must be done. Ministers were authoritatively summoned to set to work immediately. They replied that they had been at work all the time, and were at work now. They could assure the country, that though they flourished no trumpets, they positively guaranteed the safety of our virgins and coffers. Then the people, rather ashamed, abused the Press for unreasonably disturbing them. The Press attacked old Panic and stripped her naked. Panic, with a desolate scream, arraigned the parliamentary Opposition for having inflated her to serve base party purposes. The Opposition challenged the allegations of Government, pointed to the trimness of army and navy during its term of office, and proclaimed itself watch-dog of the country, which is at all events an office of a kind. Hereupon the ambassador of yonder ireful soldiery let fall a word, saying, by the faith of his Master, there was no necessity for watch-dogs to bark; an ardent and a reverent army had but fancied its beloved chosen Chief insulted; the Chief and chosen held them in; he, despite obloquy, discerned our merits and esteemed us. So, then, Panic, or what remained of her, was put to bed again. The Opposition retired into its kennel growling. The People coughed like a man of two minds, doubting whether he has been divinely inspired or has cut a ridiculous figure. The Press interpreted the cough as a warning to Government; and Government launched a big ship with hurrahs, and ordered the recruiting-sergeant to be seen conspicuously. And thus we obtained a moderate reinforcement of our arms. It was not arrived at by connivance all
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