14 APRIL 1866, Page 2

Mr. Gladstone's great speech at Liverpool was made on Friday,

and not reported here.till too late for our last impression. It was a very considerable oratorical effort, its most effective point consisting of an appeal in favour of identifying the masses politically with the Constitution derived from the immense force and elasticity which popular institutions; gave to both the Northern and Southern States in the recent civil war inAmerica. Mr. Gladstone is quite right. It should be the aim of Reformers to identify the whole people sooner or later with our political institutions. But that only affects the question of whether we shall have a large including measure, not bow we may most safely secure it.