eloquence
which are the joy of the newspaper correspondent. Perhaps there is
something too much of the Iskander Effendi and the Sea of Galilee to be
congruous with the St. Regis and Franconia Notch, but the dialogue is
natural, the fishing adventures are painted with a modest brush, the
trout are not incredibly large or numerous, and the whole tone of the
book is well suited to summer reading, when, on your return from a long
tramp by the river-side, you wish to take your ease in the society of a
sympathizing author. Mr. Prime treats of well-known resorts, the
much-whipped St. Regis lakes and the depleted streams of Connecticut and
New Hampshire, but even among these familiar scenes he is able to find
something new, or at least they are described in a fresh and lively way.
The book is worthy to rest on the same shelf with Walton, Davy, Wilson,
and the other classics of the angler's library. There are some sketches
of fly-fishing in European waters which will be interesting to American
anglers, and there is much pleasant talk about old books.

Lombard Street: A Description of the Money Market. By Walter Bagehot.
New York: Scribner, Armstrong & Co.

In England, as in America, notes are a legal tender, the Bank of England
notes corresponding in that respect to our greenbacks. An American
banker is safe if he have enough greenbacks to pay all probable demands,
though the value of these changes as our government chooses to enlarge
or contract the issue. The number of attainable bank-notes is not so
elastic, however, in England as with us: the issue department of the
Bank of England is limited, by an act of Parliament passed in 1844, to
fifteen millions of pounds. For the last few years that bank, in
addition to its fifteen millions in notes, has retained something like
twenty millions in coin. It has not uniformly, though, been so rich:
three times since 1847 its banking department has been reduced to a
figure of three million pounds or under. On these occasions "Peel's Act"
has been suspended to tide over the affairs of the embarrassed bank, and
its business could not have survived if the law had not been broken. The
bank which has thus three times practically given out in a quarter of a
century is, however, so thoroughly protected by prestige, by national
and international confidence, that it is the custodian of the reserves
belonging to all Lombard street and to all the country banks of England,
as well as those of Sco