And every practical man--every man who knows the scene of action--will agree that our system of banking, based on a single reserve in the Bank of England, cannot be altered, or a system of many banks, each keeping its own reserve, be substituted for it.

Nothing but a revolution would effect it, and there is nothing to cause a revolution.
This being so, there is nothing for it but to make the best of our banking system, and to work it in the best way that it is capable of.

We can only use palliatives, and the point is to get the best palliative we can.

I have endeavoured to show why it seems to me that the palliatives which I have suggested are the best that are at our disposal.
I have explained why the French plan will not suit our English world.

The direct appointment of the Governor and Deputy-Governor of the Bank of England by the executive Government would not lessen our evils or help our difficulties.