No doubt foreigners cannot take from us our own money; they must send here 'value in some shape or other for all they take away.

But they need not send 'cash;' they may send good bills and discount them in Lombard Street and take away any part of the produce, or all the produce, in bullion.

It is only putting the same point in other words to say that all exchange operations are centering more and more in London.

Formerly for many purposes Paris was a European settling-house, but now it has ceased to be so.

The note of the Bank of France has not indeed been depreciated enough to disorder ordinary transactions.