The herald., 1897-09-13
BRITISH HELP
IS Heartily Welcomed by
Chandler
REPUBLICANS ENTHUSIASM
MOST EARNESTLY INVITED TO
UNCORK ITSELF
New Hampshire's Senator Willing to
REPUBLICANS ENTHUSIASM
New Hampshire's Senator Willing to
See the Tariff Sidetracked in the
Interest Of Silver

Associated Press Special Wire.
BOSTON. Sept. Ex-senator VIM. F.
chandler of New Hampshire has given
the following letter to the Associated
Press:
Il appeal to all Republicans to meet
with Joyous enthusiasm the first step
England may take toward bimetallsm.
The movement earnestly and zealously
begun by President Mckinley, in obe-
dience to the st. Louis platform, was
quickly Joined by the French ministry.
and the joint proposals are being care
tulIy and seriously considered by the
British cabinet, with a prospect that
England will reopen her Indian mints,
Will use silver as part of her bank re-
serve and otherwise cordially aid in re-
monetization. Every such indication
should arouse friendly feelings in the
United States, four-fifths of whose peo-
pie, as we'll as nine-tenths Of the people
of India, desire bimetallic system,
which so much depends upon England's 8
help. This Is no time for discrimin at =
ing duties or denunciatory demonstra-
tons against any European country.
nor should bankers alone assume to
voice the sentiment. 1 entreat bimetal-
lists everywhere to make themselves
heard against the selfish outcries of the
engorged money leaders of New York
and Chicago and their subservient news
papers,"
THAT BANK RESERVE
LONDON, Sept. 12.-Henry r. Green
field, director Of the Bank of England
and former governor, has letter in
the Times this morning in the course of
which he says:
AS a bimetallist and as one of the
senior members of the bank court. I
think l have a right to ask on what
ground the writer of the article entitled
"A Remonstrance,' in your Saturday is
sue, makes his assertion that the bank
mas decidede to hold a fifth of its re-
serve IN silver. Had the bank done so,
Its action would have been strictly In
acco rdance with the bank act of 1874 and
equally in accordance with the action
taken in 1881 by the government. then
presided over by a monometallist, Mr..
Glaostone. What the bank did in 1881
was 10 assure the treasury that the
pank would always be open to the pur-
chase OF silver on condition of the return
OF the mints of other countries to such
rules as would insure certainty Of con-
versfou- OF gold into. silver q nd of ~,,-.--
practical result OF q double standard In
France alone, was that the two metals
did exchange throughout the world at
legal ratio or with such slight variation
as might in consideration Of this great
subject be neglected. There is no ground
for saying that anyone concerned with
the bank has officially gone beyond that
position Indeed, I doubt If any opinion
has been recorded or any determination
come to at all. Your correspondent 8
whole letter seems founded on a suppo-
sition Of what may or may not have
arisen in the necessary preliminary dis
cussions with regard to the maintain
ing Of the banks reserve on the condi-
tions mentioned. If I am not mistaken,
the very persons who deprecate this di-
luton have always been most desirous
of much greater dilution by the Issue
of pound notes on more or less Aduci-
ary basis. I may conclude by saying
that the expression, Certain Ameri-
cans is scarcely a fitting description of
the commissioners now officially cred
tied by their government for their diff
cult and onerous task"
MEXICAN POLICY
CITY OF MEXICO, Sept. 12.-It is not
believed that the president will, in his
message, announce any radical change
in the public policy. The manufacture
ing and agricultural. interests are unan-
imously in favor of the silver standard