The true northerner., 1897-10-20
BANKERS OF CANADA
Adopt a Protest Against the Brit.
ish Government Doing Any
thing for Free Silver.
LONDON MEN FOR THE STATUS QUO
Merchants and Others i'm business Sign u
Memorial Declaring Against Amy Inter-
ference with British Currency I'm Behalf
of the White Metal-Some Speculation as
To What Secretary Gage VIII Propose for
Uncle sam In Currency Reform.

New York. Oct. ia special cable
gram from London TO The Evening Post
says; The Canadian Bankers associa-
tion, in view of the action here in
memorializing the chancellor of the eX-
chequer on the silver question, has
cabled at great length to the chairman
of the London clearing banks heartily
indorsing all opposition to bimetallic
measures. Following is a copy of the
memorial TO the chancellor of the ox-
chequer, Sir Michael Hicks Beach,
which has been extensively signed 10y
the English bankers:
"Sir:-We, the undersigned are en-
gagged in various mercantile, banking
and financial enterprises i'm the city of
London of no slight magnitude, and we
are therefore deeply interested in all
that affects the monetary position of
the country, the credit of the bank note
and the solvency of banking institu-
tions. We are aware of the visit of the
delegates from the president of the
United States to this and other coun.
tries, but have no authoritative in
formation as to the nature of their pro-
posals. From the communication OF the
governor Of the Bank of England tc
yourself, lately made public, and from
general report we cannot but assume
that negotiations of some sort touch
ing the metallic currency of this coun-
try are proceeding.
Gold Standard Insisted Upon.
I'VE feel impelled by a strong sense
Of duty respectfully to lay before her
majesty's government the following
four considerations. the great i'm
portance of which we trust may be ap-
parent:
Il. That no alterations should be
introduced affecting the circulating
medium OF this country except after
full discussion In parliament and by the
public at large. so that the changes pro-
posed may have az ample consideration
as their importances deserves
'2. That under no circumstances
whatever should the pledges of sue
cessive governments as to the British
pound sterling and the single gold
standard Of this country be set aside,
either directly or indirectly. and that
no steps should be taken by or with the
consent Of our government which has
for its object any alteration in the value
of that standard.
John Bulls Coinage System Praised.
''3. That this country, as one of the
great nations of the world enjoys under
her mint regulations a coinage system
absolutely free from embarrassments,
internal or external; and we conceive
that any departure therefrom in the di-
rection of reliance upon engagements
with other countries would be a fatal
mistake.
"A. That the mnts of India being
closed-as to the policy Of which we ex-
press no opinion-a state of circum-
stances has arisen in which the greatest
caution is necessary, whatever may
be the next step which the Indian gov
ernment may be advised to take; but
we urge that no retrograde step be
taken except upon as exhaustive an in
Quiry as that which led up to the pres
ent position. and then only If Indian in
terests will be primarily benefited
thereby.
1--WE most strongly urge the foregoing
considerations upon her majesty's gov
eminent. speaking-as we believe we
are justified in stating-with some little
knowledge OF the problems involved and
of the interests at stake, and we are
prepared, II necessary, to give our rea-
sons at length, If II be your wish to re-
ceiye a deDutation"