Show BANK OF ENGLAND will hold one fifth of its reserve in silver the governor states that in accordance with an agreement with the states and franco the bank Is to hold the amount of silver permissible under the act of 1844 nf london sept 16 at the semiannual semi annual meeting of the bank of england today the governor said are probably aware of the proposals laid before the government in the summer by the united states aad france whereby the country might increate itsume of dilver as a contribution to an international agreement which while not affecting our gold standard might enable the mints of france and america to resume tree coinage among the proposals was one asking the bank to hold the amount of silver permissible under the act of 1844 as its notes the governor then read a letter dated july addressed to the chancellor of the exchequer sir michael hicke beach it ws as follows referring to our conversation we bee i to say the bank is prepared to a ont what is laid down pre in the bank charter viz to hold one fifth of its note issue in dilver provided always the french mint is again open to the free coinage of silver and that the prices at which silver is procurable and saleable are satisfactory replying to the questions the government eaid the bank had no negotiations with the united states monetary commissioners ners adding we have bought no silver all we have done is to acice under certain circumstances to carry out what is premi seible under the act of 18 GEHMAN COMMENT berlin sept 16 the national asi kunfi ref enins to the information in the 1 times of september that the bank ot England was prepared to bold in silver one fifth of the bullion held against the notes saye the unfavorable reception the announcement has net with from the organs of the british trade leaves no room for doubt es to the opinion of the british commercial bodies and as to the ultimate fata othe lajpat american attempt to secure for the silver mine owners with the aid of europe a rise in silver as a reward for their support of the mckinley tariff policy and to keep the in good humor should trouble occur and the people are therefore feeling easier HOD J L li edfield mayor 0 edwards telephoned the associated aras pras at 10 aa followay fol lowa there are eiehl cases of yellow fever in town three in country no deaths all patients doing well |