the future, any misguided portion of our people see fit to withdraw from our communion, irretrievable ruin not only stares them in the face, but is actually upon them from the moment the bond is severed. On the one side is devotion to the country, and a firm, secure currency, which at any moment will bring its full value in gold; on the other, secession, with the inevitable attendant of a circulation, not depreciated, but utterly worthless, and that, too, with no other to fill its place, since the operation of the law must soon drive out of existence every dollar of the present local bank circulation: patriotism and prosperity arrayed against rebellion and ruin. The business men all see this, and in the event of any threatened disruption, they, the most influential part of community, because controlling that which is the representative of all value, will be found firm and unwavering on the side of the duly constituted authority. Thus we shall have all the benefits of a funded national debt, with none of its attendant evils. And what a bond of union is this!--a bond which involves our very meat and drink, a bond which there can be no possible motive to sever so powerful as the incentive to union and mutual cooperation. Again, the financial crises with which our country has been afflicted at regular periods of her existence, lowering thousands at one moment from a condition of ease and comfort to one of the most pinching want, changing merchant princes to beggars, and spreading ruin far and wide, have owed their origin, not to a wild spirit of speculation, but to the over inflation of bank issues, which is itself the cause of that reckless speculation. This evil, too, will be done away with in the future, for the issue must and will be regulated by the demands of the community. The Government, in whose hands are the securities, and who furnish the circulation based thereon, will control this matter and restrain the issue to its proper bounds. And even if it should run beyond that point, there will be less danger, since there can be no spurious basis, every dollar being secured by a tangible deposit in the Government vaults. The only escape from this view is in open and barefaced fraud, which will be easy of conviction, and no more to be feared than the ordinary operations of counterfeiters, and which will be effectually provided against. So carefully drawn are the provisions of the bill that no loophole is left for speculation; and he who shall hereafter succeed in flooding the country with a 'wildcat' currency, will be a shrewder financier and a more accomplished villain than the world has yet seen. The people, too, will repose such a confidence in the banks as they have never done before. We shall hear little hereafter of 'runs upon the banks;' for the currency holders, well knowing that the Government holds in its hands the wherewithal to redeem the greater portion of the circulation of every bank in the land in the event of the