But it suggests once again the old question how long it will be found necessary to

” The despatch reads as though it were an attempt to reconcile divergent and contradictory views which had received expression. ‘s Government was so low in London that it was impossible for it to borrow any large sum; and the evil was the greater, because in consequence of the French war the financial straits of the Government were extreme. The table given above analyses the Home Accounts in a way which brings out the essential facts more clearly than the Government’s own published accounts. The natural remedy would be to appoint a permanent Governor of the Bank. Its course would be very simple, and be analogous to that of other public bodies in the country.

The certain result is a bound of national prosperity; the country leaps forward as if by magic. The explanation is simple. If that alarm is not so met, it aggravates into a panic, which is an opinion that most people, or very many people, will not pay their creditors; and this too can only be met by enabling all those persons to pay what they owe, which takes a great deal of money.

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