The New York herald., 1866-06-28
The Money gri.ts.
rOairios ~ rHg HAss ~ EsCLAsp isD irs
tATfngu ~ rms aaxpp~.Vsr

POSITION or rHy BhsE ~ EsCLasD isD frs w.
LATioss 10 Tnt GOygnNsEsr.
In tho House of Commons. Jun. T.. Mr Grant askcd
the Chancellor ~ tho Eseeqgsr whether n a.. ~
England 20 reute te'r y fisspln below
per cent per annum the power srArtei y usm ~ to
government letter of issuing iargsr amount ~
than T. nred BY law would 4 runafef "
conmorcal circles that tho hesitation % the Bank "
England rciace the rate ~ discount oving
much 'p the actual position ~ bnsner. a.
the part u the directors that " they REDUCED their re
~ doount below ten PER cent ~ f--r eferrei ",
t1m " ns 0ortrnmcaf isfsv v-fif - - nd ard
the letter Itself would become null ani vof
1hs tuAscrL1H ~ THK ITcHrotfH- Tie question ~;
20 me u n great importance aui vii euf~sS0r -
he pcr'sc,ly clear With regAri % no riss y
being bat leny'hy The question afats ~ pOsers
In n their charter gran.i - tho Bank Hng
lend ~ letter from the government snd. atboHrh
may ON 10 ~ pleee ~ merely v~Ytai efue.sn H.
obct 10 that deaniiiou u " dcsirabae N mailer
important fhst should b. r'ricty arrurais 10
phraseoogy becasso wrong fsas nay oi'efsre = ens
terfaned 40 poe,r', pysJ,sit o. erfi,a - rf
81 .s.>rf k,-r TIE letter :, uhfh M bonof.
bic member alluded 4 enfsrsrnsnt 90 part ho
government IN certain contingency 70 rass o~rfsn
applifaon 70 Parliament the goFefnnTh hAsrg 'i,etn
selves loser 10 the matter Sheh would snahr
70 confer por.e upon oineu shl uer~'lf. en-
strus the "a sti"n - the hongrsts grniietsn N hs
manner IN accordance nth shst ,Ase g. - his
ing whether the .ngagensui ~ tr gcyetnmsBt Sog'd
b. si forre In the event ~ Tho redletya ~ to
bank 81 The ~ discount ~ i0urr ,~f
cent 10 ans~er n tbai should say that y simply
o gsear ., ~ ,ss,ryr,tafsr ~ sr-s,la md notluv
else nai the bono,ahls gentleman - ql,- entitled -
ask shat construction sh0aH pos lp8n . Dor
ment ~ which 90 are a1r.s.e~ sas-.bis .l tsn
g. AdvaB which ssr. made 81 fsf0i vhsn fhs
rate . d.count ~ tho Bank q Ehsfanf t0s H..
than lsn I<f cent ss6 'eaf ns srgs0sm-s - hwNsf =
d, sod whOs -, Ha-ss n t.etfrd ssarps
pr o>s fss adv5.es. riesf hssr Ths H0uA~ slI
ohssrvs that stnsuish between TIA qasssts ~ the
letsr rhieh hns teen lss1st sri tie rcy - any ~
tfre sciipn n the nanE n Va issd f0Vud thai
tufnsAnefs sush - ~srrani relsiion - -
rate - igtereft u ray 0pln0n ffl isfs< e-d b.
~ ~ ~, Bot N an sss1 vhsf To ~ ths
r0Yernmsut you'd - any susegusnt sig~gussissrst
ubier sbkb tie Bsuk * fsg apf W 80 tnd = rses1
ssfy SAirs r. Interest esy bssrl-riy
wo8ld bs that te event = 6ssii ~lsi Bp0a ~
sri~i IN tht -oala Tggs'n ths ssnlnatfaisau IN
any e.tai ~ e0GiuNtnrv ffsNr hesfl
W HlTKgsEN ssse - tse rfssiasut - So nssff ~
Tfnds whstssf N ofHsr ~ us88s ths incnssss Furs
from ths aligfts ~ bsfs "a go aeYurt
tnfsg@e - her Ase'f syssrrfa~nt sp#tf tTits ls
bfi ~ sasb~ ths on 81 nauesiafs - syea sompsres
wben Ia cogrts - lqgidstiDn ynsff a. jslst rtses
esrt.hcs,es ~ inistfsdDsss ssl ~ f~fr3~r sash
ssss ani the c~tts tefsby tsfssa.i tsasisffsbs ~
snf0fse
E. v e'~- sia u - NJ s.re,, q M iss -.
eisDs Trp~rf bsa bs~a al. ogt for spss.s sslrstr
1hs gs'srnn.n' ssf a., 'ssreoss. gfsyssci y bnAg
10 abrf % %. Fgtseei
4, orv,r ssf.s fb. roysgr- -srt rrgre..-s y $40
dare wh 10 Jolni tto<k Csmpsni~. - iss1 sssh
rno5ifsi9a vDsA shsti- i4ats1 nsBlny oosntsfles
pft@g<eussiy rsdsts The al e2,la ss4 trsps.
tYtafv ~ dsbynlassi0n ~ ptr tsaYts rat@rrtts a.
~ Eats anf sssufit.ft - sfsin inr efsfHnfsf
NJ sfmMg sAS hsa 81 TIE tine ~ hk1 thysght
Nerr 49, - iussr fsbis o,,seti5a siss povtft y
eoupsos y fsists -. ssDguni = fbsis sbssss
.spty sfh ne rsbts - tts ssesfs b4i 81 pf.nt g.
~ eis@siy NJ. ~ay - hsi ssssss as H. cait
80 nsf.sof' rfoO~ - sins nse.a pa als 80
1sek