When we compare the events predicted in this remarkable passage with those which have actually taken place--when we reflect that a bad harvest _has_ occurred, that our gold _has_ been drained, our paper circulation contracted, and the screw put on--we think there are few commercial men in the country who will not agree with us in wishing that Sir Robert Peel had really accepted Mr Alison “as the philosopher who is to instruct us on the currency.” For, most assuredly, there is no kind of philosophy which we can discover in the scheme that is now being tested at the expense of the merchants and manufacturers of the three kingdoms; unless it should be held philosophic that the whole commercial machinery of the country shall be exposed to annual dislocation, and that credit shall hereafter be liable to the present alarming point of contraction. Parliament, as we understand, is about to separate, without doing any thing whatever to remedy this monster grievance. Let the Whigs look to it. They are now to all intents and purposes the aiders and abettors of Sir Robert Peel. They hang upon his words, adopt his principles, and applaud his maxims to the skies. They hear from every quarter of the country the cry of unparalleled distress. An evil much greater than the scarcity is pressing upon the industrious classes, interfering with labour, checking trade, and depreciating the value of every kind of property. Manchester has been nearly at a stand-still, not from want of orders but from absolute want of accommodation; and yet the present ministry have neither the courage nor the capacity to step forward and afford that relief which is in their power, and which the nation is demanding at their hands. If, during the recess, and before a new parliament shall meet, the present lamentable state of matters is to continue, we say deliberately that no British ministry ever exposed themselves to such a frightful load of responsibility. Let them share it with their new ally and master. It may be that he intends, at some future time, to make a second push for popularity by throwing them overboard, and repealing his own most mischievous statute. But we trust that the electors throughout the country will take care that the new representative body shall not be constructed of the same malleable materials as its predecessor, and that no more experiments, involving the national prosperity and fortunes, shall be permitted, for the mere sake of gratifying the caprice and augmenting the vanity of an individual who has already brought the whole of us so close upon the verge of ruin. _Printed by William Blackwood & Sons, Edinburgh._ FOOTNOTES: [1] _History of the Conquest of Peru; with a Preliminary View of the Civilisation of the Incas._ By WILLIAM H. PRESCOTT. London: 1847.