Mr. Neate, M.P. for Oxford, has put out a rather
curious .attack on Mr. Bonamy Price, the candidate for the chair of political economy at the approaching vacancy. Mr. Rogers is, we believe, re-eligible for the next period of five years, and as he has worked hard at his professorship and discharged his duties ably, we do not know why he should not be re-elected. But that is no reason for such a blundering attack on Mr. Price,—an eminent and learned economist of no quack school, though hold- ing some special modification's of currency theory peculiar to him- self. Mr. Neate, in his haste, first represented him as saying precisely the opposite of what Mr. Price did say ; and then, in his apology for his mistake, repeated the charge that Mr. Price's doctrine as to banking,—that notes payable to bearer on demand may be safely issued, as in the American banks, on a deposit of public securities,—is an offshoot of " the Birmingham school " of inconvertible currency. We are very much astonished to hear it. We never heard the two doctrines in any way connected before. The former is held by a vast number of the most scien- tific economists. The latter is the specific of a knot of ignorant empirics.
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