Those defects are apt, in part, or as a whole, to be continued throughout the reign of a weak Governor.

The objection to a decided policy, and the indisposition to a timely action, which are excusable in one whose influence is beginning, and whose reign is new, is continued through the whole reign of one to whom those defects are natural, and who exhibits those defects in all his affairs.
Thirdly.

This defect is enhanced, because, as has so often been said, there is now no adequate rule recognised in the management of the banking reserve.

Mr.Weguelin, the last Bank Governor who has been examined, said that it was sufficient for the Bank to keep from one-fourth to one-third of its banking liabilities as a reserve.

But no one now would ever be content if the banking reserve were near to one-fourth of its liabilities.