But as to the uses to which the public put the sovereigns our information is exceedingly

‘ He is apt to be irritated even by objections to principles on which he acts, and cannot bear with equanimity censure which is pointed and personal.

If there were some authority which could create credit money in India during the busy season, it would not be necessary for the rate of discount to rise so high. Many years since, I remember seeing a very fresh and nice-looking young gentleman, and being struck with astonishment at being told that he was a director of the Bank of England.

The governor of the Bank would be a high Parliamentary official, perhaps in the Cabinet, and would change as chance majorities and the strength of parties decide. Bank stock will be bought in order to confer the qualification of voting at the election of the ‘chief of the City. Since that time it has been established, under the influence of the same Government, in Mexico and Panama. No doubt all precautions may, in the end, be unavailing.

He has probably been paid too high even on current city standards.

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