But to this there are several objections, some arising from the general nature of the banking trade, and others from the special position of the Bank of England. They thought they could frighten the Bank of England, and could show that if they were dependent on it, it was also dependent on them. As soon as any such community becomes rich enough to have much money, and compact enough to be able to lodge its money in single banks, it at once begins so to do. For many years questions of the ‘currency,’ particularly questions as to the Act of 1844, engrossed the attention of all who were occupied with these subjects. The practice of the Bank has, as we all know, been much and greatly improved. But in the end common sense conquers.
It appeared at first as if their further object of a gold currency might soon be attained also. But a great number of persons are now bred from their earliest manhood in the very midst of that routine; they learn it as they would learn a language, and come to be no more able to unlearn it than they could unlearn a language.