13: Conclusion
It would be fair to criticize the present work, insofar as its author has pointed out a deep malady and proposed a superficial remedy. It is clear that the natural system of banking, with many banks maintaining their own cash reserve, is more stable and reliable than a system in which all banks rely upon the reserve of a central bank - but yet proposes the central banking system be preserved with only minor adjustments to amend it.
The central banking system, for all its foibles, was not an imposition or an instantaneous creation, but an evolution of the natural order of things. It cannot be abolished or suddenly abandoned without a severe shock to the economy of the nation, and indeed to the entire world, and it will be sustained until there is a slow evolution or sudden collapse, and a more sensible system replaces it. "Nothing but a revolution ill effect it, and there is nothing to cause a revolution."
This being so, the only recourse is to make the best of the system, such as it is, and work it in the best way we can.
In looking to other nations, it is clear that the French plan would not be suitable to the British financial markets, and it is hardly suitable for use even in France, having effected a stagnant economy and citizens who prefer to vault their wealth in silver coin rather than trust their banking system. And while the American system of having multiple national banks rather than a single central bank has its merits, it is not likely that the British could easily adopt such a system, as it is based on a fixed reserve of one-third of deposits, and given the level of economic activity in Europe, amassing such a large reserve of stagnant money would lead to insufficient credit to the market.
As a closing point, the author suggests that the British money market must be content with the banking system it has, and to attempt "feeble and humble palliatives" to address the problems that exist - though, in the long run, the stability of the system will rely on "good sense, good judgment, and good care."