Show BRITISH BIMETAlliSTS ACTIVE WILL DEMAND A REOPENING OF THE WHOLE QUESTION London Statist Gives Some Reasons Why American Bankers Are Increasing In-creasing Their Gold Holdings London March Copyrighted 1S9S by Associated PressThe bimetallists bi-metallists In the house of commons have secured first place on March 2S when they will present a resolution providing for the closing of the Indian mints and demanding the appointment of a royal commission to take up the whole question of bimetallism The Bimetallic League hits issued a long manifesto reviewing the situation from the time of Senator Wolcotts mission protesting against the proposed pro-posed adoption of the gold standard I in India and urging the government instead to resume earnestly the nego I I tiations with France and the United States Operators on the stock exchange are inclined to leave American securities alone until the Maine crisis is settled They burned their fingers during the past week the net result of the seesaw see-saw movements being that London 1 lost considerable to New York and although there is no doubt as to the final outcome it is feared the struggle strug-gle will cause the trade of the United States to suffer severely Hence the London purchases at present are not likely to be appreciable An exemplification of the feeling here is contained in a long article published by the Statist After complimenting President McKInley whose powers are perhaps greater than those of any European sovereign upon having exhibited admirable firmness of character char-acter and independence of judgment the Statist points out that however strong the president may be he Is finally to obey the will of the people Continuing the Statist says It would be gravest mistake to suppose that because the jingoes who have discredited themselves by reckless charges which they were unable to substantiate have failed to move the I the president public sympathy for the Cubans which is very real and very widespread will also fail Commenting upon the financial aspect as-pect of the situation the Statist says The withdrawal of gold for New York at this season of the year Is noteworthy note-worthy and gathers therefrom a corroboration cor-roboration of the belief that most of the recent speculation In American securities conducted by the United States was financed by the New York banks hence the latter are now In no position to part with much money to the agricultural districts without callIng call-Ing In loans Continuing the Statist says Another An-other circumstance has powerfully contributed to the stringency If there should be war the expenditure would be upon an enormous scale and the government would have to borrow Immense Im-mense sums to meet this enormous expenditure ex-penditure It would not be surprising therefore if the banks were taking precautions and were Increasing their holdings of gold The Spectator believes that both I Washington and Madrid expect war without desiring It and both are arming as rapidly as they can and that both are cogitating upon possible possi-ble alliances Spain with France and Russia and America with Japan which wants the Philippine islands and can double the American fleet at a few hours notice if Russia permitted permit-ted tedThe The Spectator continues Great efforts ef-forts are belns made on both sides to be in time by McKinley because the arsenals are not full and by Premier Sagasta because he must elect a Lib eral parliament The French foreign office dreading a financial crash in Paris Is suggesting suggest-ing mediation but it will In the end make a mistake in threatening a people peo-ple who at heart believe there Is nothing strong In Europe except Great Britain |