The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1897-10-16
CANADA JOINS
IN THE PROTEST
Docs Not Want a Departure Prom the
Gold Standard.
HONOR OF BRITAIN Ar STAKE
The Memorial to Sit Michael nieLs-Bsseh-
bSuLisg snd fiSsssisl Enterprises
Must BE Protected
HONOR OF BRITAIN Ar STAKE

New York. october IA special cable
gram from London TO the Evening Poet
says;
IN" Canadian Banker association. 10
momorAllEing the chancellor OF the ex-
rhcqucr on tho silver question. has cablcd
d, grea, length to the chairman Of the
London cieaung house banks heartily
endorsing an opposition 10 the b,mc,ai-
he resolutions The cublogram Is:
TO further r,lscr,ie vhcir convictions
that a double standard Of obligation Is
dcluslyc and lmpr,cloablc. that Of the
;wo standards gold is lncomparlbly the
moot desirable. ann that the dominion
Of Canada having an IS public oblIgn-
lions private and corporate. resting on
and h,ang 90 long and honorably estab-
liah"d on this mos, solid basis. any at
tempt to disturb the same OF s. mca-
urcs having tendency IN q 1 dircc, N
should be- mt with siren, fus rec L
ancci
The following ,s a copy OF the memorial
to the chancellor Of The cxohcqucr. Sir
Michael Hicks. Beach. which has been
slgnvd extensively by English bankyrs.
slr-wc, the undersigned, arc engaged
In various mercantile. banking and IL
nancial enterprises In the city OF London
Of no slight magnitude and We are
therefore deeply interested in all that
alrrNs the ,mpnstary position Of the
country the credit of the hank note and
vho -oNcncy OF banking institutions.
We are aware OF the virit OF delegates
from the president OF the United States
to this and other countries, but have no
authoritative Information as TO the
nW ure Of thar IToposalS From the
Of the Bank OF England
to yourself lately made public. and from
general report We cannot but assume
that negotiations OF somv sort touching
the metallic currency Of this country are
progressing We h~ impclled by
strong sense OF du1y to lay respectfully
before her maJcs1y's government the fol-
lowing four considerations:
THAT no alterations should be intro
duccd affecting the circulating medium
Of this country, except after fun discus
4ion In parliament and by the public
at large. so that the changes proposed
may have as ample consideration as their
Importance deserves.
20 That under no circumstances what
ever should the pledges OF successive,
governments to the British pound ster-
ling and tho single gold standard Of this
be set aside. either directly or
and that no steps should be
taken by or with the consent Of our
GOVERNMENT which has for its OBJECT any
alterations IN the value OF that standard
'S,-That this country as one of the
great nations OF the world. enjoys under
her mint regulations the coinnage of sill
yer absolutely free from embarnssments
or external, and we con-
reivo that departure therefrom in the
direction Of reliance upon engagements
with other countries would be fatal
mistake.
"l.-That the m!nts OF India being
closed as to rhe policy Of which we cx-
press no opinion u stUoe Of circumstances
has arisen In which the greatest caution
Is necessary, whatever may he rhe next
step which rhe Indian government may
be advised to take. but we urge that no
step be taken. except upon
exhaustive Inquiry as to that which leads
lp to the present position. ana then only
Il Indian interests will be conserved
thereby"