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302 of nations was scattered like sand, and the blood of nations lavished like water; it is impossible not to look with deep interest on the final crisis of that dark and dreadful epoch; the crisis out of which our own happier cycle of years has been evolved. The great battle which ended the twenty-three years' war of the first French Revolution, and which quelled the man whose genius and ambition had so long disturbed and desolated the world, deserves to be regarded by us, not only with peculiar pride, as one of our greatest national victories, but with peculiar gratitude for the repose which it secured for us, and for the greater part of the human race.

One good test for determining the importance of Waterloo, is to ascertain what was felt by wise and prudent statesmen before that battle, respecting the return of Napoleon from Elba to the Imperial throne of France, and the probable effects of his success. For this purpose, I will quote the words, not of any of our vehement Anti-Gallican politicians of the school of Pitt, but of a leader of our Liberal party, of a man whose reputation as a jurist, a historian, and a far-sighted and candid statesman, was, and is, deservedly high, not only in this country, but throughout Europe. Sir James Mackintosh said of the return from Elba,—