If permanent, it is incumbent upon the supporters of the Banking Restriction Act, who are the very parties at present refusing to relax one iota of our bondage, to show that their measure is well adapted for every political contingency. That, we apprehend, would require greater hardihood, and certainly more ingenuity, than they have yet enlisted on their side. There are many things besides a scarcity or a famine which may occasion a drain of gold. That metal has a peculiar facility of finding its own level; it is liable to sudden demands, and its price is variable accordingly. Were this country to be again engaged in a European contest like the last, we should have a recurrence of the drain of 1814, when gold was at the rate of £5, 8s. per ounce, or upwards of one pound ten shillings and two-pence above its present value. No political foresight, no legislative enactment whatever, can guard us against such a state of things; and the consequence would be an entire disappearance of bullion. According to our present system, the loss of bullion would necessarily produce such a contraction as would lay the credit of the country prostrate. All our extra circulation, founded on the metallic basis, would immediately be called in; taxes could no longer be paid, and the result would be a revolution or the sponge. Are the capitalists of the kingdom, who, we were told some time ago, were the chief supporters of Sir Robert Peel, anxious that the experiment should be made? We can assure them that if it is intended to maintain the circulation of the country permanently upon its present basis, they stand in imminent danger, not only of occasional panics, but of that repudiation which in America was the consequence of a similar tampering with the banks, and the like metallic delusion. At best they must make up their minds for the recurrence of many seasons as hard and as cruel as the present; and it will be well if many of their class are not involved in the ruin which is impending at this moment over the heads of the minor traders.