"Notwithstanding the opinions which have been here detailed, the committee are, on the whole, so deeply impressed with the importance of a metallic circulation below £5 in England, not only for the benefit of England, but likewise for that of all the other parts of the empire, that if they were reduced to make an option between the establishment of such a metallic circulation in Scotland, or the abandonment of it in England, they would recommend the prohibition of small notes in Scotland. But they entertain a reasonable expectation, that legislative measures may be devised which will be effectual in preventing the introduction of Scotch paper into England; and unless such measures should in practice prove ineffectual, or _unless some new circumstance should arise_ to derange the operations of the existing system in Scotland itself, or materially to affect the relations of trade and intercourse between Scotland and England, they are not disposed to recommend that the existing system of banking and currency in Scotland should be disturbed." This is just what a Parliamentary report ought to be--calm, perspicuous, and decided. There is no circumlocution nor ambiguity of expression here. After a patient investigation into the whole question, and a minute examination of enemies as well as friends, the Lords arrived at the opinion, that the existing banking system of Scotland ought on all points to be maintained, and they not only stated their general conviction, but gave their reasons for upholding each part in detail, in the luminous manner which has always been the characteristic of that august Assembly, and which has established its proud reputation as not only the noblest, but the most upright tribunal of the world. It is worthy of the most marked attention, that the committee of the Lords in this report, which afterwards received the sanction of the House, advocated no temporary continuance of the banking system in Scotland, but were clearly of opinion that it should remain as a permanent institution. They evidently entertained no ideas, grounded upon mere expediency, that it would be prudent to wait until Scotland, by means of her cherished institutions and her own internal industry, arrived at that point of condition when it might be expedient to introduce the lancet, and drain off a little of her superfluous blood. They vent upon the righteous maxim--that a nation, as well as a man, is entitled to work out its own resources in peace, so long as it does not trench upon the industry or prerogatives of its neighbour, and so long as no impeachment can be laid against the prudence and stability of its institutions. We defy any man to read over this report, and to adduce one word from it which shall convey the idea that it was not intended as a final judgment, with the simple qualifications that we have stated in the last sentence.