no means of preventing the complete success
of the dropping plan. If they do, they ought to thank me for giving
them a warning of their danger; and for telling them that if they do
prevent the success of such a plan, they are the cleverest fellows in
this world.

I now, Jack, take my leave of you, hoping that you will not be coaxed
out of your money, and assuring you that I am your friend,

WM. COBBETT.

VII.--'THE LETTERS OF MALACHI MALAGROWTHER'

BY SIR WALTER SCOTT

(_To what has been said in the Introduction respecting the _Letters of
Malachi Malagrowther_ it is only necessary to add that their immediate
cause was a Bill due to the very commercial crisis which indirectly
ruined Scott himself, and introduced in the spring of 1826 for
stopping the note circulation of private banks altogether, while
limiting that of the Bank of England to notes of L5 and upwards. The
scheme, which was to extend to the whole of Great Britain, was from
the first unpopular in Scotland, and Scott plunged into the fray. The
letters excited or coincided with such violent opposition throughout
the country that the Bill was limited to England only. As Scott was a
strong Tory, his friends in the Government, especially Lord Melville
and Croker (who was officially employed to answer 'Malachi'), were
rather sore at his action. He defended himself in some spirited
private letters, which will be found in Lockhart._)

A LETTER ON THE PROPOSED CHANGE OF CURRENCY

_To the Editor of the Edinburgh Weekly Journal_

My dear Mr. Journalist--I am by pedigree a discontented person, so
that you may throw this letter into the fire, if you have any
apprehensions of incurring the displeasure of your superiors. I am, in
fact, the lineal descendant of Sir Mungo Malagrowther, who makes a
figure in the _Fortunes of Nigel_, and have retained a reasonable
proportion of his ill-luck, and, in consequence, of his ill-temper.
If, therefore, I should chance to appear too warm and poignant in my
observations, you must impute it to the hasty and peevish humour which
I derive from my ancestor. But, at the same time, it often happens
that this disposition leads me to speak useful, though unpleasant
truths, when more prudent men hold their tongues and eat their
pudding. A lizard is an ugly and disgusting thing enough; but,
methinks, if a lizard were to run over my face and awaken me, which is
said to be their custom when they observe a snake approach a sleepi