and not at all suited for publication in their present crude state. Short snatches of trifling detail are loosely and confusedly thrown together, so as to be scarcely intelligible, much less readable. Probably Toronto readers would have less difficulty in understanding them from their familiarity with the names and allusions which occur without any sort of explanation, but others must often be at a loss. The abruptness with which Mr. Hamilton darts from one thing to another, having no sort of connection with it, is quite startling. And the worst of it is, that when all is said and done, it is worth nothing.

This is not the case, however, with the greater part of the book, which contains useful information from various sources with regard to the "geographical position, climate, civil institutions, inhabitants, productions, and resources of the Red River valley." The writer describes the quadrilateral territory carved out of the "Great Lone Land," and now forming part of the Dominion of Canada under the title of Manitoba, so named from Manito, the Great Spirit, the guardian of its plains and rivers.

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In the Introduction Mr. Hamilton describes Cowley as a Jacobite poet," which is a strange blunder, for Cowley died in 1667, twentyone years before James the Second lost the throne and his adherents were called Jacobites.

Silver Vindicated. By Henri Cernuschi, Author of "Mecanique de l'Exchange. "P. S. King, London, 1876. The irrepressible M. Cernuschi harps away on his single string with amazing persistency. He pours forth article upon article, and pamphlet after pamphlet, in endless profusion. But he may

rest assured he will never, with all his activity and ingenuity, succeed in overthrowing the established conclusions of economical science. In the present pamphlet, which consists of his paper read at the recent Social Science Meeting at Liverpool, he repeats his old fallacies and makes the same unsupported assertions as on previous occasions.

In some of his statements he is inaccurate. Thus, he states the total annual production of silver at the present time to be £13,700,000; whereas, according to the report of the recent committee of the House of Commons, it amounts to £9,000,000 from the United States, and £7,000,000 from other countries, making a total of £16,000,000. Most people would think this an important difference; but according to M. Cernuschi it amounts to nothing, provided the value of gold is fixed by law for ever to be 15 times that of silver. In that case, no matter how much silver is produced, as soon as it issues from the mines, the metal enters of full right into circulation, and its paying power will be identical with that of the metal already circulating, with which it proceeds to mix itself."

If this appears strange to any, here is the solution of the mystery: "When the monetary law is bi-metallic, neither gold nor silver, coined or uncoined, is merchandise. That is the secret!" Who would have thought it? M. Cernuschi is certainly the discoverer of this secret, the possession of which no one will dispute with him. He must furnish something more than his bare assertion in support of it before any one capable of judging will accept it. If money is not merchandise, we trust he will be kind enough to explain in his next pamphlet what it is.