Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1893-09-11
Harvey ]. HOLSTER and Son Re-
turned From a Foreign Trip.
coxMEsT ON MONEY MATTERS
xE HslilS1er Val ssDsass . Boad
fsspe-isisa froa ss~ serk
Raakers "a lhe Coanctl-


lss recovered fronl hls serious attack q
sAssniatlsnl. and retnrus il cosnpaFa
f.ssly god health he ~iil begin his
dalies IA the hank tkls morning with
recessed strength and vig0F. Iis snc-
e1nbed b : severe attack q rhr0ma.
tam TIE first q March last ADD vent o.
The sanitariam az Ana with the hope
81 obtaining relief. but bis m4iady grew
u0rae NATL be Nts unable 10 dress himy
eft lie decided D. seck relief abroad.
and July ID DO and bis s0n. John. set
sal from New York city co the Kaiser
WlIhelm tor Southampton
Mr. HOLSTER was seen az his residences
- = reporter for fHE HEkALD last even
icg and gave an interosting- account of
rs trip. the financial coalition in Eng
had ansi What DO learned from bankers
Ia New York city. when he reached
there upon his return lat Friday.
Among the most Interesting features %
Af holiister's story may be included
the following: Upon reaching south
amptoo. Mr.. HoilsteF aud son went
q London. where thsy remained ten
days. There they visited thu principal
attractions q that great city. which IN
clusiet the rational museum. national
gallery. Imperial institnte. home % the
queeu and geological garden. They also
waited Ne east end IL London. the
homcs q The poor and Distressed They
sailed down the Thames 10 Greenwich
nnd - Soufham pton. and thence 20 the
heanffal Isle n Wight and 10 the
queen . summer residence.
Rexained Hi- Health.
They went % Eentnor. the popular
watering place Il the nobility IL Eu-
rope. They remained at Ventnor three
weeks enjoying the quietude and re-
ffeshing. heaithful breezes OF that
place. Mr. Hollistef Was enthusiastic
over the charms q the Isle Of Wight
and IS many attractions II is twenty
i've or thirty miles across and abounds
N beautiful landscapes and old castles.
The stand Is principally devoted 10 az.
riculture and y one q the most health.
ful spots ia Europe. On this Island can
he found the smallest church In Eng
land II was built GO years ago. and
it, original capacity vas twenty persons
but small ehancel has recently been
added 10 It. Services are held In thislittle
church now bat twice year. Vertnor.
the HEADQUARTERS q Mr.. Hollister and
son while on the Island IL a popular re-
foring from rheumatism. The air IL
pure. soft add refreshing. and IL Is sol
dom that icc or snow can be found there.
After three weeks sojourn at Eentnor
they retained % southampton and the
historical Salisbury cathedral. They
also visited the Winchester cathedral.
where I've tho remains OF ancient kings
whose reign exfonds a. Tar back a. Al
fred the Great Two days later they
boarded the spree On their return 20
New York. Both trips across the Ocean
WEIR delightful and pleasant and bene-
fetal t0 health.
10 speaking q the financial situation
IN the United States and England, Mr.
Hoilistsr said tho present condition here
IL eagerly watched and commented upon
BY English statesmen and the English
press They think the ooly way out Of
The crisis IL 10 adopt gold basis.
string~ncy In England
They believe in the success IL the
great republic. a. they call the United
States. but do not refer 10 IL with any
noticeabie degree a affection. England N
tnost.y ai,sorbesiin the home rule c0ntrov-
cray AZ The present time and much bit
terncss has Developed. The condition
~ the English people Is worse today
than e has been for several years. They
say they are poor. aud growing poorer.
They give as the rcason Tor not attend
ing The worlds fair more literally that
they arc too poor. They cant afford 20
spend the money. They say the value
q their agricultural products have de-
creased sltOD00Uo0 within tho last two
years. 1his - not due 20 the falling on
IN production bat - the decrease in the
value placed upon it m the markets.
They were toid there are 10000 men
ont 90 employment in Londou az the
present fiiue and strikes aud riots pre-
val la many districts. The scarcity u
money sn England vas the prime cause
Zoe the dram q goid from The United
State. u xas not - much the silver
controversy lea The United States that
csused England - unioad her United
States securities - d eas the pressing
demand f5r naooey. The Eeung trouble
followed ~ the Australian difficulty
masie a hix demand upon the English
treasury. and in order O. meet u The gov
eminent Vas compelled 81 dispose ~ a
large tBount "a foreign securities held
~ it
t-roa hIa arrival AZ New York on Fri
dag Mr iiolIisfer knowing tho difficulty
confronting i.rsni Rapids IN refundiug
the cifys bon,is. called upon some u
the bankers in that city and interviewed
tier npoa ,ie eon8itiun % business
and the subject - bonds.
To Hclp Grand Rapisi<
PIE learned that there vas an easier
feeling prevailing in the money market
faere. and that conidens-e had been ~
-tsre ~ the extent that banker. are
wiling - make propositions for loans
ard bonds Mr HOLSTER stated - them
tEe circumstances existinz la thu city
80 fsr ~ he had heso ahi.s - learn them
They talked freely WITH him and said
they we're ready - buy municipal bonsis
81 3esirahle nature. bat =
larger rate % interest would -
reluireti f1r sorns time yet thaa
has teea eecersary fer the at fes years
~ rlslse honds =aieable lie received =
rrarsneifion frupl them for Grarti Rap
i.ss hontis eut what The nature - that
proposition wea Mr. Holli.ter declined
= faake pubiic last evening. lie sand
b. dii not visit Them as ga arpnt = the
effr ~ IN ~ afteial capacity lie fiil IL
oriv ~ a citireu. Who kaa the interests
20 che cftv ~ nira NJ. Holftster vii
meet ne ways ard nieaas committee q
ths ccumcn connfii this evening". prior
- ~. session - the council asd
vii s,ttsnff - e the proposition
mair f~sa the Nes York
bankers ~ the purrher q 'he roads
-. -. A. -sar.af The srfv Aa~uoe