Show mm GOLD RESERVE the single standard got the bank of eng land into a very uncomfortable box france with her double standard was able to go to england s assistance A comparison of the rates of dis count between S agle and double standard countries As it will be remembered about sixty diya igo ni d for some time such vis alie inoue tiry stress in london tint the aliuk of I 1 in aider to whit gold sl e hid left in er v lulls li id to r use her rile of discount exceptionally illy 1 agh ains was not all the s ime bank biad to seek relief at 11 c 1 n ds of tl e ink of 1 ranee by borrow ing no less than 81 of tie 1 rge stock of gold it owned tt tl e time t consorted with in silver ow 1 id tho loution of tl is monetary stress been reversed or in stead of being it I 1 ondon it 1 ad li ip bened to be across la V cl e in 1 ins it would 1 ive been seized aou with v erbal 01 icily and din by certain financial writers of the daily of the orth atlantic sea board ind ascribed solely to the large of silver he 11 ed in the 1 deneh bilk lvery I 1 possible in the al lluent j irgon 0 tl ebe charlat ans would I 1 ave been m ide to do double duty for tl e occasion sion ind espe cully their fetonte 11 reid bdie alle gilion is to tl e inevitableness with which good money is driven out of any country by bid money blut ai the cise stood fellows line had deight to tell their readers as to f lets so i biti nent as aliese at the time wl en tl c 1 ai k of li g I 1 ti d w is so to si c ik tottering to its fall di d was 01 ly saved by the 1 ank of 1 dauee tl e latter I 1 id no less than in full tender sil er money in its together with tl e 1 of ilg il luicir note of beci t ens or fully nor 1 lit 11 idt writers thourl t it r to acquaint II 11 w bleiders with HIL further f act blidt tie much t 15 ink of angland in the last hid been obliged to lugt its i lit of discount at least eielt times up aid doan be two ind a half pir cent and six 1 er cent the csank ot 1 r aice 1 il 1 eld 1 er rate of discount it 3 pr cent throughout lajo tied i er cint through out and il lie likewise the giai k of belgium inoel er of tl e liam anion binks 1 id maintained tie discount rate at brussels not 1 igl er 11 an cent is complied with aul in ai d in moreover More hie u k of tl e ical ins bield lei rate it an av enge of 2 per cent v ith say but f 3 in gold chui coui led wither of silver in her custody alven brain with the chief art of 1 er bullion basis in silver 1 as been ible to keep 1 er rate at four i er cent and tl e rate of alie austria hungarian 1 ink lias been less tl an 11 at of tl e average of tl e biank of 1 angl ind during lajo in fact only at oliree i laces li is tl e london t ftp of discount been exceeded that is at with 1 er cent bt lete with lfeo ier cei t ind home 0 ier cent a cial t tig I 1 |