predict that his followers will discover they can attach _some other idea to a pound than a certain number of pennyweights of gold_. Their ideas will become expansive, and the pound will swell out with them. Having doubled their realised fortunes at the expense of the industrious classes when they had made money scarce, they will strive to prevent their wealth being restored to its original dimensions when the precious metals are becoming plentiful. If the standard is changed in proportion to the fall in the value of gold, _though it was religiously upheld when it was dear and scarce_, the result will be that the weight of debt and taxes will remain just what they were; prices measured by gold will continue nearly at their present level; and all the encouragement to industry, and relief from burdens, which must ensue from the extension of the currency, if the standard is maintained at its present weight, will be lost to the nation. It is of the utmost moment also that all classes should be made fully aware that the evils of Free Trade to the native industry of this country will not be in any sensible degree alleviated—nay, that they will in all probability in the end be increased—by the increase of the supplies of gold for the use of the world. The reason is, that it is a _catholic_ or universal blessing, extending over all countries, and _affecting prices, consequently, in a proportional degree in every quarter of the globe_. It will, in consequence, leave the relative disadvantage of the old and rich state, in competing with the young and poor one for the supply of agricultural produce, just where it was. If it raises the price of wheat in the English market from 40s. a quarter to 60s., which in ten years, at the present rate of supply, will probably be the case, it will as certainly raise the price in Dantzic from 18s. to 27s., leaving the English farmer _still at the same disadvantage in competing with his poorer neighbour that he is at present_. Nay, the disadvantage will rather be increased; for gold, like every other valuable commodity, will be attracted to the richest country and the best market, and from an unusually large portion of it flowing into England, the effect in elevating prices will be more sensibly felt there than elsewhere. Prices will rise more in proportion in the rich than in the poorer states, where much less of it can be purchased or find its resting-place; so that the last state of the industrious classes, so far as competing with foreign nations is concerned, will be worse than the first. In so far, doubtless, as our agriculturists are depressed by the weight of taxes, they will experience relief from the extension of the currency; but they will derive none save in that way from the change of prices in competing with the foreigner.