It belongs to practical men, versed in the mysteries of Lombard Street and the Stock Exchange, to say _how_ this important object is to be attained with due attention to the security of the notes issued, and sufficient safeguards against an over-issue, and consequent injury to capital, by an undue rise of prices owing to that cause. That the thing is _possible_ is self-evident. It appears to be essential to such a system that one of two things should be done. Either that the issuing of notes should be left to all banks, under the limitation that private banks should be obliged to take up their notes at all times,--in Bank of England paper or gold _or silver_--and deposit government securities to the extent of the notes so issued, to be appropriated to their payment in case of bankruptcy; and that the Bank of England should be bound to pay its notes in gold _or silver_, at the price those metals bear _at the time of presentment_. _Or_, that the issuing of notes, like the coining of money, should be confined entirely to government or its officers; and that the regulation of their amount should be entrusted to certain elevated functionaries-- like the commissioners of the national debt--with instructions to them to regulate their issues by the price of gold and silver, _increasing_ them when the rise in the value of those metals showed that they were leaving the country, and contracting them when the price fell, and it was evident that the necessity for an extended paper circulation was passing away. Of course it would be necessary, under such a system, to impose some limit to the obligation of the Bank of England to pay in specie; but this might be done either by obliging that establishment to pay in either of those metals at the current price they bore in the market at the date of presentment, or by providing, that beyond a certain amount of notes payable on demand, as £40,000,000 for Great Britain, and Ireland, notes of a _different colour_, as red, should be issued, which were exchangeable for specie only when the precious metals had again fallen to a certain price in the market. These notes should be issued when gold rises to a certain price, and is evidently leaving the country--just as grain from government stores should be issued to the people in periods of scarcity--and drawn in when it returns, and the price falls. We throw these out only as crude suggestions, which may or may not be adequate to answer the purpose in view. What we rest upon, and press in the most earnest manner upon the consideration of the country, is the _absolute necessity_ of altering the present system of contracting the paper when the gold is taken away--in other words, _limiting the issues of bread when the beef fails_--and substituting for it one of extending the issue of paper when the precious metals are withdrawn; in other words, _increasing the issues of bread when those of beef have become deficient_.