NEWS OF THE WEEK.
ThiONEY is still a drug in the City. It was lent on good securi- ties in the early part of the week at one per cent., and the London and Westminster Bank is so oppressed with deposits, that it has resolved to alter its terms, and give for the present only 24- per cent. for deposits at call ; but gold is going out to • -Germany, and the Bank to keep it has raised its rate to 4 per cent. That is the regular course, and high authorities say the only course, but surely there must be something wrong in our :system. We will not give an off-hand opinion on a most difficult -point, but to tax all capital because one particular form of it is acarce seems at all events inartistic. One commodity is xnomentarily scarce, so all are taxed to keep down the demand.
