We entreat the public attention to the fact, that the banking system and mode of circulation suggested by the elder Sir Robert Peel, is in fact precisely that which was followed out by the Scottish banks, without failure, without complaint, and with incalculable advantage to the country, before the late premier commenced his wanton interference with our institutions. Heaven only knows what amount of suffering we must undergo until the public mind is thoroughly roused to the evils which have resulted from a weak and imbecile confidence in the nostrums of a theoretical minister, and until the money trade is freed from its present most odious restrictions. But we cannot, and we think we ought not, to conceal our conviction that the present monetary crisis is directly owing to the Restriction Act, and that the whole empire, and Scotland in particular, has reason to curse the hour when Sir Robert Peel thought fit to embark on his financial crusade. We are glad to see such men as Mr Baring and Mr Newdegate protesting in the lower House, against the iniquity of the present system, and exposing its operations in detail. It is in vain that the Chancellor of the Exchequer--whose deference to the opinions of Sir Robert Peel is so ludicrously displayed--attempts to raise his voice in defence of restriction, and to attribute to other causes the deficiency which he cannot deny. Even Peel himself, as we have already remarked, is fain to blink the question, and to escape from the attacks of his antagonists, by the stale artifice of confounding and contrasting their opinions. The memorable debate in the House of Commons on the 10th of May, has, if we are not widely mistaken, established a principle which must lead to important party results; and we would earnestly beseech those who have the welfare of their country at heart, to make this matter of the currency a leading consideration in the use of their electoral franchise. We have already shown the manner in which Sir Robert Peel was pleased to treat the respectful remonstrance of the English bankers, and the total variance of his financial views from those which were entertained by his excellent and honoured parent. We now take leave to draw the attention of our readers to a rather remarkable passage in Mr Alison’s late pamphlet, entitled “_England in 1815 and 1845_.”