The question will be asked and ought to be looked at, what is to be the resource if loans cannot be obtained? There is but one, "_Carthago delenda est_." Bank paper must be suppressed, and the circulating medium must be restored to the nation to whom it belongs. It is the only fund on which they can rely for loans; it is the only resource which can never fail them, and it is an abundant one for every necessary purpose. Treasury bills, bottomed on taxes, bearing or not bearing interest, as may be found necessary, thrown into circulation will take the place of so much gold and silver, which last, when crowded, will find an efflux into other countries, and thus keep the quantum of medium at its salutary level. Let banks continue if they please, but let them discount for cash alone or for treasury notes. They discount for cash alone in every other country on earth except Great Britain, and her too often unfortunate copyist, the United States. If taken in time they may be rectified by degrees, and without injustice, but if let alone till the alternative forces itself on us, of submitting to the enemy for want of funds, or the suppression of bank paper, either by law or by convulsion, we cannot foresee how it will end. The remaining questions are mathematical only. How are the taxes and the time of their continuance to be proportioned to the sum borrowed, and the stipulated interest? The rate of interest will depend on the state of the money market, and the duration of the tax on the will of the legislature. Let us suppose that (to keep the taxes as low as possible) they adopt the term of twenty years for reimbursement, which we call their maximum; and let the interest they last gave of 7½ per cent. be that which they must expect to give. The problem then will stand in this form. Given the sum borrowed (which call _s_,) a million of dollars for example; the rate of interest .075 or 75/1000; (call it _r-i_) and the duration of the annuity or tax, twenty years, (=_t_,) what will be (_a_) the annuity or tax, which will reimburse principal and interest within the given term? This problem, laborious and barely practicable to common arithmetic, is readily enough solved, Algebraically and with the aid of Logarithms. The theorem applied to the case is _a_=(tr-1x1)/(1-1/n) the solution of which gives _a_=$98,684.2, nearly $100,000, or 1/10 of the sum borrowed. It maybe satisfactory to see stated in figures the yearly progression of reimbursement of the million of dollars, and their interest at 7½ per cent. effected by the regular payment of ---- dollars annually. It will be as follows: Borrowed, $1,000,000.