The Progress., 1896-08-08
IMPORTANT DOCUMENT.
Has Much Political Signif-
canoe.
THE WAR is SURELY ON.

New YORK, July 2lst, l896.-To the
Chairman of the New York State
County Organizations of tie National
Silver Party and the District Organi-
cations of the Young Democracy:
An effort is being made at the pres
ent time by the Il i-Metallic' League
OF London England, to influence
public opinion ia favor of the election
of Mr.. Mckinley. We do net want
and advice on this subject from for
elgners and we resent it with pa
triotic indignation.
The British "B!- Metalic' League
is al enemy in the disguise of Il
friend. 1t consists of Messrs Gibbs,
Grenfell, Lauderdale, and FIVE other
OK governors, directors and ex-direct-
ors of the Bank of England, besides
several hundred shareholders, de-
pendents and friends of that power
full institution These gentlemen,
finding large silver sentiment in
England, especially in Lancashire
and among the classes interested in
the East India trade, conceived the
ingenious idea Of forming League
devo ed to what they called ,'lnterna-
,ional" bi-metallism, into which
League they might invite all friends
of Silver and there .paralyze and rem
der abortive their demands for the
restoration Of silver money in Eng
land, by postponing the reform to the
impossible day when it should be
simultaneously adopted by the com
mercial nations of the world. Thus
far this sc>>cme has succeeded but too
we'll. All the advocates OF Silver
money IN England-and they mum
Der many thousands of influential
people-have been induced. in the
hope of currency reform, to join this
delusive League, though in doing So,
they have in fact postponed such re-
form to the Greek calends. Some of
them, detecting the cheat, are back
ing out of the League; but their dis
covery of Its artfuI character comes
too late. The surreptitlous alteration
Of the British mint laws in 1870 10y
which the Queens prerogative to re-
store full legal tender Silver coins by
proclamation, was destroyed Ian alter
alton effected by MIR Crawford. the1
+ Governor of the Bank, cannot now b'
undone. The Lancashire Cotton
Trade has gone to India and Japan
! never to return. British trade witt
h India and British influence in tn
r Orient generally, has received a tata
|, check. ~
d Having pulled the wool over tn
h eyes of their own countrymen, tn
managers of the Bank and tn
y League are now turning their atten
ton to the United States. They al
spreading their baneful Conformation
al" litature all over the country;
should be consigned to the pap
4 basket They are parading Peqfess'
Walker as an American. who
Il friendly to the reconciliation of 81
10 YER; be is nothing of the sort. Il
b, receut declaration (London cab
A dispatches dated July 49, that "if
bo bi-metaIlic InternationaD conventie
was proposed to the United Stat
10 by the principal sound money nj
ID of Europe, the Americans would tur
cl- bic head over heels in welcoming Il
&C. proposal" is little less than an insu
to the people of tie United State
who, in their great popular conve
tions, namely those of the Democrat
yS the Popu!ists and National Silv
Ter Party, have again and again expires
'ss ly repudiated this artful foreij
No heresy, and demanded the free Col
age of silver dollars at the ratio OF
=, to l, independent of any other natie
VI Money is an institution OF law, a
eli to embarass its regulation and stab
ty by foreign treaties might lead
90 impairment Of the sovereign po
= or. Such REPAYMENT has befall
v. nearly every State that has hithe
4 entered into such treaty. Scientl
men have shown that Information
''0 monetary unions can only benefit