which took place in consequence of the depreciation of money in Paris. A fine lot of bills in his hands, which would have borne a premium over night, were gladly disposed of at a discount the next day. Visscher has never forgiven the over-issue of paper which caused this; but he is making up for it now. His charge per cent. on these transactions is no trifling gain in these busy days. When the exchange is once more at par, he will spare us a day at Saardam to talk over a little speculation in which it seems to me that we may share with advantage. "It is rumoured on 'Change to-day that a certain provincial bank has taken up a suspicion of the means by which a present neighbour of yours is floating a scheme which he boasts of as promising great things. It is said that a confederation of needy men have tried the now unusual trick of drawing on one another in a circle, and thus raising money to carry on their scheme, which they may or may not be eventually able to pay. The bank in question has been gradually getting out of the scrape for some time past, not forcing the parties to a bankruptcy, but making more and more difficulty about discounting their bills. The other banks which have been favoured with the custom of the parties are taking the hint, it is said, and looking close into the character of the transaction. If so, the truth of the matter will soon appear. Meanwhile, should any speculator fall in your way, beware of his representations; particularly if he talks of the distress of the country, and attributes it to the timidity of the banks. The country is prosperous, and the banks know what they are about full as well as he. When I have said 'beware,' I have said that which makes me think it worth while to send a special messenger with my letter. Besides this, I have only to say that I shall be glad to see you at home; and that if your mother has any fine pasturage untenanted, our Danish cattle may as well be landed in her neighbourhood, and fattened on her meadows as on those of a stranger. Arrange this as you please. * * *"