I beg to ask you, as a special favor, to read carefully following article, in which I have formulated a scheme establishing a State Bank, that will—

1st.	—Involve no State responsibility;
2nd.	—That will secure to the State enormous advantages;
3rd.	—That will not disturb the finances of the present banks, but will, on the contrary, strengthen their position, and place them beyond the risk of panics;
4th.	—That could be put into working order within 24 hours of the passing of an Act to authorise it;
5th.	—That will remove all objections and be welcomed by every section of the community;
6th.	—That will secure to the Government the immediate use of £1,000,000.