The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-09-05
THE REASON FOR THE ACTION
TAKEN BY THE ENGLISH GOV
ERNMENT.
GOLD MAY GO TO ORIENT.
REST OPINION OF LONDON FAVORS
SHIPMENTS OF THE YELLOW
METAL.
THE PRINCE POPULAR IN IRELAND.
Enthusiasm Over the Duke and
Duchess of York Shows No
Signs of Waning.

LONDON, Sept 4.-The action of the
indian government in purchasing
drafts on India is the one topic in the
city. Opinions as to the precise policy
of the government differ widely, of
course. There is no doubt that the
reason for the action is, as previously
cabled, the low condition of the gov
eminent balances in India; but the sit
uation of the moment, told as briefly
as possible, is this: Indian banks will
scarcely offer their drafts to the gov
eminent except on the exchange basis,
which is 16d, or thereabouts. That is
to say, they will want, if necessary,
= to be able to ship gold to cover the
drafts, under a regulation by which
the Indian mint will deliver rupees for
sovereigns at Is rupees to a sovereign.
Therefore, the market says that If the
exchange is to be driven to the gold
point why should not the Indian gov
eminent export gold itself. But, again,
India is expected to soon raise large
loan here so, why, by taking gold,
force the market conditions here
against the success of the issue. These
points. together with the rise of 70 in
silver, have given credence to this the
DRY. The government requires an eX-
cuse to buy silver and coin it for pres
ent requirements. Hence the move to
bry drafts, so that when it is found
that bills are offered only on gold
basis, the government can say that 1t
is impossible to buy bills, and so 1t
must coin silver. These are the views
at the moment, but the best opinions
favor the sending of gold to India.
When Theo ThurZen, the so-called
new Moses" made his farewell speech
at the meeting of scientists at Basic,
Switzerland, during the week, he de-
clared the congress had been worthy of
itself and of Israel Then ensued a
dramatic scene; tears, kissing and re-
joicing beggaring description. Though
Rabbi Adler, of London, declares that
the scientists congress was mischlev-
GUS, it is the opinion of the thoughtful
of the political world that this move
ment will have to be reckoned with in
the near future. The two main OBJ
iects upon which an expression of opin-
ion was asked FOR upon the part of the
scientists in all lands, were the eStab-
Iishment of a Jewish common center
and the formation of the machinery to
carry it out, and they were favorably
acclaimed by all present.
CAPTAIN KNIGHTED.
While Queen Victoria was travelling
from Osborne during the week on her
way to Balmoral, Scotland, her majes~
ty called Staff Capt. w. B. Goldsmith,
commander of her yacht to ne quar-
ter deck and, in the presence of the
court and of the crew, she conferred
upon him the honor of knighthOod.
The affair was entirely spontaneous
and is one of the few instances of
the queens own initiative instead of a
result of political intrigue.
The supporters of national dress re-
form movement have arranged with
several lady bicycling clubs to make a
bloomer demonstration by wheeling
from London to Oxford, where occurs
the dinner of the national dress con-
gress to be held under the presidency
of Viscountess Harbeton and under
the patronage of Ladies Co. Camp
bell, Randolph Churchill, Richardson
and Henry Somerset.
The Duke and Duchess of York con-
tinue their triumphal visit to Ireland.
They have spent the last two days at
Baron's court, the Duke of AbercOrn' S
place Their spontaneous popularity
among the Irish is in sharp contrast
with the servile adulation of the Eng
1ish. The Irish peasantry have shown
themselves especially anxious to see
the duke and duchess. The CORES
pendent of the Daily Graphic. who, his
paper says, is a prominent Parnellite
who has suffered for the nationalist
cause, sent the following private tele-
gram to the editor:
1.-The tour has become a triumphal
procession. AT Castletown and Dun
raven L was simply astonished You
cannot magnify it's significance"
The castle clique at Dublin is so de-
termined to make political capital out
of the visit of the Duke and Duchess of
York to Ireland that the lord lieuten-
ant, Earl Cadogan, has been obliged to
set his foot down firmly in order to
prevent it from being turned into a
Protestant ascendancy demonstration,
and he has ordered eXpunged several
Sentences. in this sense, from address,