certain circumstances, to drain dry the fountain of our currency, and that at the very time when an expansion of the currency is required? We do not want to hear from Sir Robert Peel, any more than from an itinerant lecturer, his definition of the nature of a “pound.” What we want is a fair current representative for our property, without an adequate supply of which, that property becomes stationary and is depreciated. The depreciation of the last few months has, upon the most moderate calculation, swallowed up at least two years of the surplus capital of the country, and yet we are told that such a state of things is not only necessary but wholesome! We are quite aware that it is in vain to look for any remedy at the hands of the Whigs. They are at present in a state of most hopeless bewilderment on the subject; trusting in the first instance to Sir Robert Peel, and in the next to the chapter of accidents. A good harvest they think will be sufficient to remove all immediate difficulty; prices will again revive, and the monetary distress be forgotten. We pray most earnestly that the first part of their anticipations may prove correct, but we shall not on that account relax in our exertions to overturn a system which may at any moment expose us to the recurrence of a similar calamity. With very few exceptions the whole of the public press is with us, and we can hardly believe that the intelligence of the nation is not adequate to work out its own relief. In fact, out of the House of Commons there is hardly a single man who does not reprobate the continual tampering with the currency, which, next to his marvellous power of tergiversation, is the leading characteristic of Peel: nor would his measure of 1844 have been carried but for his confident puffing of the merits of his own machinery, and the almost universal belief in his talents as a financial minister. The bankers, and all those--who were familiar with monetary matters, and who, from long experience, were gifted with foresight and sagacity, not only entertained but expressed the most serious doubts as to the permanent working of the act. But all warning was rejected with scorn by our political dictator, who was resolved to have his own way; and at the present moment we are reaping the delectable harvest of our confidence.