Mr. Buchanan is still lamer in his suggestion of remedies than he is in his inquiry after causes. The Federal Government, he thinks, can do little or nothing in the premises,--a fatal admission at the outset,--and we are coolly turned over to the most unsubstantial and impracticable of all reliances, "the wisdom and patriotism of the State legislatures"! Why cannot the Federal Government do anything in the premises? The President tells us that the Constitution has conferred upon Congress the exclusive right "to coin money _and regulate the value thereof_," and that it has prohibited the States from "issuing bills of credit,"--which phrase, if it mean anything, means making paper-money; and the inference would seem to be inevitable that Congress has a sovereign authority and power over the whole matter. It may, moreover, touch the circulation of bills, by means of its indisputable right to lay a stamp-tax upon paper; and Mr. Gallatin long ago recommended the exercise of this power, as an effectual method of restraining the emission of small notes. Upon what principle, then, can the President assert so dictatorially as he does, that the Federal Government is concluded from action? If the excesses of the State Banks are so enormous as he represents, and so perpetually and so widely disastrous, why should it not interpose to avert the fearful evil? Why refer us for relief to the proceedings of thirty-one different legislative bodies, no three of which, probably, would agree upon any coherent system? We do not ourselves say that Congress ought to interfere and undertake by main force to regulate the currency, because we hold to other and, as we think, better methods of arriving at a sound and stable currency; but from the stand-point of the President, and with his views of the efficiency of legislative restrictions upon banks, we do not see how he could consistently avoid recommending the instant action of Congress. On the heel of his grandiloquent description of the evils of redundant paper money,--evils which are felt all over the country,-- it is a lamentably impotent conclusion to say, "After all, we can't do much to help it! Yes, let us confide piously in 'the wisdom and patriotism of the State legislatures,'"--which are almost the last places in the world, as things go, where we should look for either quality.