THE CURRENCY. -- An able pamphlet on the currency has been published by Mr. John Gillibrand HUBBARD, one of the directors of the Bank of England, and of course possessed, in virtue of his office, of no ordinary opportunities of ascertaining facts and tracing results in reference to that most vital subject. The points which it is his object to establish are brought shortly together at the end of his pamphlet. It will be sufficient for us to say that he strongly advocates the annihilation of all minor banks of issue, and the institution of one central national institution, for supplying the United Kingdom with a currency. The single bank of issue he supports as the only means of attaining "the three great objects -- of securing the convertibility of paper money, of leaving the combined currency of coin and paper to the spontaneous regulation of the influx and efflux of bullion, and for realising a national advantage in the profit on the coinage of paper money." -- Times.
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Carlisle Patriot 
