, 1897-10-19

London. Ocl. lS.-The United States
monetary commissioners have received
no official Information regarding the ac.
ion taken by the British cabinet on
saturday las.
Private advices. however. convince
,h5n Mat The cabines has dealt the
death blow to their mission.
1t is expected that the commissioners
will shortly be informed that her md
jesty's government regrets being unable
20 accede TO their proposals. hot is will
ing 10 listen to any ojher plan they
may suggest. Blu beth parties to the
conference know that no other practical
scheme can be advanced.
In the event Of the expected reply be
ing received. ihe Unitd States commits
sionrs VIII return 10 the United States.
It is learned that the only thing the
cabine, officially discussed in G2nnec-
ion with the currency question ON Sat
urday was Sir James wristbands repor
Sir James is head OF the financial de
partment OF India. and his voluminous
report took the grounds
against re3pening the minis.
The commissioners believe their fail
ure means that no further effort in be-
half OF bimetallism will be made for
many years to come. They attribute
their failure to the opposition Of the
bank srs and of the London Times. In
pointed to the cooperation OF the Brit
iSh government.
All of the London afternoon papers
today echo the opinions OF the morning
newspapers in congratulating the gov
eminent upon finally disposing OF the bi.
metallic scare and expressing regret that
it should ever even have seemed to re-
ce:ve support in high quarters."
Hugh C. Smith. governor CT the Bank
of England. said today to a representa-
live OF the Associated Press: The
bank is a private company, without any
government control, and is not respon-
sible to he government, except in the
terms u its charter. The government
cannot issue any order relative to the
banks reserve. AT the same time the
government is the banks best custom
er. and the court o. governors being
composed Of la~w-ab!ding citizens, when
ever the government makes a request,
We do u best to comply. The gov
m must be presumed to know
what is best for the country.
The press has been filed with mis-
statements. The government was ask
ing ii the bank was willing to renew
its offer made at the Paris monetary
conference in 1881, regarding its re-
serve. I replied in the same tenor as
the memorandum which the bank gave
the conference, though more %guardedly.
Tina. IS all that happened.
The statement thaL the bank has
been coquettirg with the American
commissioners is pure rubbish. Except
ing what | have read in the papers, |
have never heard of these gen.lemen.'
UNION PACIFIC SALE.
Washington, Oct. 1~S.-Attorney Gem
eral Mckenna, when questioned today
declined to state whether or not there
was any prospect Of a ~postponement OF
the sale OF the Union Pacific railway by
!le 'Uniied States circuit court at Oma-
ha, set for November l.. From other
Perfectly trustworthy sources, however,
ii is learned that there is no present in
tention on the part OF the government
to interfere with the order OF the court
in the matter of the sale. II it should
come to the knowledge o. the govern.
men; that parties other than the re.
organization committee were anxious OF
making a bona fide bid, but required adj
ditional time in which to perfect the ar
engagements to make the required depos-
it, it is quite certain thar the government:
as a creditor would promptly ask the
Il for a temporary postponement O;
the sale. But as far as is known this
contingency has not arisen. and unless
something unforeseen takes place. the
sale will take place on November l, the
date originally fixed upon by the court.
SATISFACTORY AGREEMENT.
Satl Lake, Utah. Oct. 18.-At the meet.
ing today Of the Union Pacific, Oregon
Short Line and Oregon Railway and
Navigation company. a mutually sat
~istactory agreement was entered into