| Show the new york sun made the folla m editorial comment on lately presented dy secretary gage and others in favor of bank currency germany lias for years issued garn ment currency so has austria Aub tria and the bank ot england the bank of france the bank ot germany and the bank of austria are government institutions controlled or directed by tho government A correspondent took the editor to task for the bank of england on the same footing with the other institutions to which that paper replies we maintain that the bank of england is a government institution inasmuch as it ie the fiscal agent of the government receiving alie public revenues paying the interest on the public debt and managing abe finances in general vr it la eo far con and directed by the government that it takes no step of importance without the concurrence of the ministry as tor instance in tho recent negotiations with our metallic envoys when the chancellor of ho exchequer and the governor of the bank agreed upon measures favorable to silver as a part of the government proposition tins is R significant defense for the sun is thoroughly wedded to the gold standard though it does not approve of the echeme of secretary gage to retire our paper money and place abo currency entirely in the hands of the banks ana gold men a a whole deny that the bank of england is a government and point to it to justify their demand for bank control of our currency |
