12 MAY 1832, Page 15

During the Levee on Wednesday, whilst the Duke of WELLINGTON

was showing himself to the King, Sir ROBERT PEEL was observed walking up and down in St. James's Park, at the back of the Palace- Supported on one side by Mr. GOULBURN, and on the other by Mr. Wissi,6t HOLMES, the Right Honourable Baronet stepped sluggishly, with his head bent forward, and with an air of painful anxiety in his usually commonplace countenance. One might have thought that he was suffering from great fatigue or bodily pain, but for an occasional glance, towards the Palace which told rather of mental agitation. The late Chancellor of the Exchequer and the late Whipper-in of the Treasury appeared scarcely less dejected and anxious than their- " greatest statesman of the day." The trio might have been taken for three convicts under sentence of death, awaiting Sir Ronal. PEEL'S decision as to their fate. Why were they not within the Palace ? why waiting so near it at that moment ? why so wo-begone ? These points might have been explained, if " the new Prime Minister" had not been recognized by some loiterers ; when, still supported by his sympa- thizing friends, he moved off towards the Horse Guards.

Last night, three or four hundred well-dressed persons, evidently of a superior rank to those that usually assemble there, were drawn up close to the House of Lords at the moment when their Lordships

separated. When Earl GREY appeared, there was a general lifting of bats - and as he proceeded, the hats were altogether' taken off, and the ex-Premier passed through an uncovered and bowing throng,—silent indeed, but as respectful as ever waited in the presence of the Sovereign. Lord GREY appeared affected by this touching and reverential reception. Soon after, the Duke of CUMBERLAND made- his appearance on horseback, and proceeded at a slow pace : there were no uncovered beads—no respectful bows—but groans and hisses,, and exclamations which we shall not repeat. The Duke did not appear to be moved ; he is a man of nerve, and being the winner in the game, he probably made allowances. The Duke of WELLINGTON CS- caped incognito, in a close carriage.

The Earl of ALBEMARLE has countermanded his party for the King's birth-day. Throughout the whole kingdom, as far as our information extends, the entertainments projected in honour of that day are given up. Apsley House will exhibit the great, but perhaps the solitary exception.

" COLD IRON."—This, it ought to be known, is the slang phrase by which the Conservatives indicate their favourite recipe for the Peoplt § When the resistance of the people is alluded to, cold iron is the imswerj THE MONEY MARKET.