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MR. PARNELL'S LATEST. Mr Parnell has held his third Sunday mass meeting at Waterford, where he was received with the greatest enthusiasm, and paraded the town with a procession following him of about a mile in length. The crowds that came to hear him were enormous, and be had no less than fifteen addresses presented to him by different bodies in the town and neighbour- hood. The mayor and aldermen received him, and barrels of burning tar were burnt in his honour. The Daily News, in its uncon- cealed chagrin, says it is quite unimportant what he does, and that it only feels very faint interest in him, as he is no longer leader, or has anything to do with the Home Rule Party. We must confess we have never read a speech less like that of a deposed and beaten man. He gave his ultimatum to Mr Glad- stone, promising to retire if he would guarantee the control of the police, the judi- ciary, and the settlement of the land question to an Home Rule Parliament, but that, unless he had distinct pledges to this effect, he would fight on. He expressed utter distrust of Mr Gladstone, and said, Perhaps I have been too soft and amiable to the Grand Old Man. I am sorry for it, but I will promise never to trangress in this way again," amidst the cheers and laughter of his hearers, and then went on to point out how utterly the Gladstonian Party were at the mercy of the Irish votes. "What can they do without us at the next election 1" he triumphantly asked. They cannot go in for coercion now, and must come to us, whether they like it or not." He dwelt upon the unpalatable truth that it was the Gladstonians who had gone over to them, and not the Irish to the Gladstonians and he was right. Nothing is more remarkable in the miserable history of the Union of Hearts than the way in which the Gladstonians, step by step, and most unwillingly at the begin- ning, have been coerced into apologising, then into condoning, and, finally, into palliating, and even defending the boycotting, the inti- midation, the violence, and the robbery of the Plan of Campaign which, five years ago, they all agreed in condemning. Mr Balfour has protected the weak and oppressed, and by the strength of his administration has restored a peace and prosperity to Ireland unknown for the last ten years, but not one Gladstonian member has spoken a word in behalf of the wretched victims of the National League. Admitting that much may be urged in favour of Home Rule, what was there to prevent the Gladstonians from saying to the Parnellites, We consider your cause just, and sympathise with your wishes, but till you can show us hands clean of innocent blood and unholy pelf, we will have absolutely nothing to do with you. We care not how many years we remain in the cold shade of opposition. No end justifies the means, and if your heaven is to be only gained by paying a toll to the devil, we prefer remaining outside." If they had done this, how would they have stood now ? The 100 Unionist members' votes would have been theirs in place of 50 anti-Parnellites. They would have retained the respect of foes as well as friends, and if fortune had given them a majority over the Conservatives at the polls they could have agreed with their adver- saries not to allow any Irish votes to be a reason for the resignation ofa ministry. This is an arrangement which has been carried out in France, where the Cabinets are to resign only when Republicans are beaten by Republicans, and not by a conjunction of other parties, such as Royalists and Buonapartists with one or the other side. It seems a promising fashion of neutralising the mischief of the I' Irish vote. I