One of the first things which the Regent did was to re-appoint the Duke of York to the post of Commander-in-chief of the Forces. Old Sir David Dundas, as thoroughly aware of his unfitness for the office as the army itself was, had requested leave to retire, and on the 25th of May the appointment of the duke was gazetted. There was a considerable expression of disapproval in the House of Commons of this measure. Lord Milton moved that it was highly improper and indecorous, and he was supported by Lord Althorp, Mr. Wynn, Mr. Elliot, Mr. Whitbread, and others; but the facts which had come to light through Mrs. Clarke's trials, both regarding her and her champion, Colonel Wardle, had mitigated the public feeling towards the duke so far, that the motion was rejected by a majority of two hundred and ninety-six against forty-seven. It is certain that the change from the duke to Sir David Dundas, so far as the affairs of the army were concerned, was much for the worse. The duke was highly popular in that office with the soldiers, and he rendered himself more so by immediately establishing regimental schools for their children on Dr. Bell's system. The unnatural state of things induced by the war had now brought about a great change in our currency. As we could manage to get in our goods to the Continent by one opening or another, but could not get the produce of the Continent in return, it would have appeared that we must be paid in cash, and that the balance of specie must be in our favour; but this was not the case. By our enormous payments to our troops in Spain, Portugal, and Sicily, as well as in the East and West Indies, and by our heavy subsidies, gold had flowed out of the country so steadily that there appeared very little left in it, and bank paper had taken its place. On the Continent, impoverished as they were, the people tenaciously clung to their gold, and Buonaparte alone could draw it from them in taxes. He always took a heavy military chest with him on his expeditions, and his officers also carried the money necessary for themselves in their belts, or otherwise about their immediate persons. The gold being enormously diminished in quantity in England, was carefully hoarded on all hands, thus again increasing the scarcity, and raising the value of it. The price of bullion had risen from twenty to thirty per cent., and here was a further strong temptation to hoard or send guineas to the melting-pot. This state of things led a certain class of political economists to call for a repeal of the Act for suspension of cash payments, and Francis Horner obtained a committee of inquiry into the causes of the decrease of gold and the increase of paper: and this committee came to the conclusion that the true cause of the evil lay in the excess of paper, and that the way to restrain it would be to allow the demand for gold at the Bank. But the truth was that the cause of the evil was not the excess of paper,