Waterbury evening Democrat., 1904-01-07

TO THE OFFICES OF THE BANK OF | LONDON @ l bed-fellows these days, and the one is ready enough to suspect the other Let us have bill framed for. parlia- ment-such bill made upon the deci- sions of these learned gentlemen pres- ent. Above all things, lot us act with perfect openness.
 As to the plan itself, it seems that a few things may be held safe and sure. Since we cannot use the old coin, then surely we must have new coin, milled coin, which Charles, the earlier king of England, has decreed. Surely, too, as our learned friend has wisely stated, the loss in any recoinage ought, in full justice and honesty, to fall not upon the people of England, but upon the government of England. It seems equally plain to me there must be a day set after which the old coin may no longer I be used. Set 1t some months ahead, I not, as my Lord Keeper suggests, but a few days; so that full notice may be given to all. Make your campaign free and plain, and place 1t so that it may be known, not only of parliament, but of all the world. Thus you establish '. yourselves In the confidence of parlia- l ment and in the good graces of this people. from whom the taxes must ul- timately come"
 Montague's hands smote again upon the table with gesture of convic- I tion. John Locke shifted again in his \ chair. Sir Isaac and the lord keeper gazed steadfastly at this young man who stood before them, calmly, as- suredly, and yet with no assumption in his mien.
 Moreover went on John Law, calmly, there is this further benefit to be gained, as I am sure my country man, MT. Paterson, has long ago made plain. It is not a question of the wealth of England, but question of i the confidence of the people in the < throne. There is money in abundance in England. It Is the province of my lord chancellor to wheedle it out of those coffers where it Is concealed and I place it before the uses of the king. 1 Gentlemen, it is confidence that we need. There will be no trouble to se- cure loans of money in this rich land but the taxes must be the pledge to l your bankers. This new Bank of En- gland will furnish, you what moneys you may need. Secure them only. by l the pledge of such taxes as you feel the people may not resent; give the people, free of cost, coinage which they can trust; and then, it seems to me, my lords and gentlemen, the problem of the revenue may be thought solved simply and easily-solved, too, with out irritating either the people or the parliament, or endangering the rela- tions of parliament and the throne"
 The conviction which fell upon all found it's best expression in the face of Montague. The youth and nervous ness of the man passed away upon the instant. He sat there sober and thoughtful, quiet and resolved.
 "Gentlemen," !" said he at last, slow ly, my course is plain from this in- stant. shall draw the bill and it shall go to parliament. The expense of this recoinage am sure we can find main tained by the stockholders of the Bank of England and for their pay we shall l propose new tax upon the people of England We shall tax the windows of the houses of England, and hence tax not only the poor but the rich of England, and that proportionately with their wealth. As for the coin of En- gland, 1t shall be honest coin, made honest and kept honest, at 10 cost to the people of old England Sirs, my heart is lighter than it has been for many days"
 The last trace of formality in the meeting having at length vanished, Montague made his way rapidly to the foot of the table. He caught Law by both his hands.
 ''sir," said he, you helped us at the last stage of our ascent. A mis- take here had been ruinous, not only to myself and friends, but to the safe ty of the whole government. You spoke wisely and practically. Sir, if can ever in all my life serve you, command me, and at whatever price you name am not yet done with you, sir" resumed Montague, casting his arm boyishly about the others should CT as they walked out. we must meet again to discuss certain problems of the currency which, I bethink me, you have studied deeply. Keep you here in London, for I shall have need of you. Within the month, perhaps with in the week, I shall require you. En- gland needs men who can do more than dawdle. Pray you. keep me advised l where you may be found"
 There was i'll omen in the light re- ply Why, as to that, my lord." said Law. if you should think my poor services useful, your servants might