The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-06-04
BANK is NEGLECTFUL.
Failure to Protect Gold Reserve Is Causing
Criticism.
The CANADIAN BOUNDARY QUEST ION
English Liberals Desire Salisbury to
Arrive Mt an Understanding with
the United states Speedily.

copyrighted 1899, by Associated Press.)
London June S.---The recent neglect Of
The Bank OF England to protect It's gold
reserve has made deep and unfavorable
impression in the city and is evokng an
unusual amount OF hostile banking critl-
cism. Many OF the directors themselves
are said 10 be greatly dissatisfied with tho
recent management, during which the
bank concentrated it's whole attention on
increasing its purely banking business,
neg!ecting It's duties as the holder Of the
countrys ultimate banking reserve. The
S;atist, in long article on the subject
this week, says England is absolutely
dependent on the amount of gold held by
the bank, which is over eleven millions
less than the amount held by the asso-
ciated banks OF New York. The total stock
OF gold in the bank is now little over
30 900 600. while the Bank of Russia holds
hundred millions"
The Statist also declares the country
ought not to be again exposed to the dan
| ger and humiliation it had during the
Barring crisis. through the banks neg
| lect OF its duty"
The marquis OF SallsbuTys handling OF
the i,-....---n end of the negotiations of>the
Anglo American commission is regarded
| confidently, not only by his supporters,
| but by his political opponents, and there
| Is reason TO believe from informal COM
munlcations with the leaders OF the OPP
! position, that the government Is able TO
assure itself of the sympathy of the lib
erals in a coming arrangement satisfactory
both to the United States and Great
Britain.
/ A representative of the Associated Press
had talk with MIR. Herbert Asquith to-
day. The former home secretary in Lord
| Roseberry's cabinet spoke openly of the
deere of himself and his colleagues on the
front opposition bench that the question
should be adjusted without the semplance
of antagonism In dealing with the United
States. He said;
They consider that Lord Salisbury Is
conducting the negotiations tacttully.
am not sure our Canadian brethren have
approached the question with the calmness
of the United States. The feeling on our
side Of the house of commons undoubtedly
is that the question Is in capable hands,
that no impeachment will be raised by
Lord Salisbury and that a via media will
be found The difficulty Is the tendency
which Is beginning to assert Itself, both in
Canada and the United States, TO restrict
tho area open TO compromise, which in
creases the dithculues or diplomacy.
have nothing but praise for the spirit
which the Washington authorities have
shown throughout. The Canadians have
shown a tremendous tenacity, which, how
ever is necessary in dealing with the
sharpest witted business people in tbs
world"
: Admiral Edward Field (retired) brought
, up in the house OF c5mmons last month
the question of "crimping" and OF thu
assertions OF their sailors chiefly in Amer
lean ports, the upshot being that the Brit
ish consuls were required to report on tht
subject and an interesting blue book wal
Issued today. comprising the reports OF th'
consule at New York, San Francisco, Phil
ade!phia, Baltimore and Portland, Ore.
describing the operations of the boarding
= house keepers and shipping masters il
aluring men to leave their ships. TIL
r general gist OF the reports appears to b
that the sailors desert in order to secur
the highest rate of wages obtalnaole il
American ports, but that the number o
desertions ara decreasing,