BIMETALLISM.
[To TEE EDITOR OF THE " $PEOTATOlt."]
SIR,—Both in your note and in your comments in the- Spectator of October 6th you seem to assert that Mr. Balfour has become a bimetallist lately, or that he has been con- verted like Mr. Courtney. Mr. Balfour has been a member of the Bimetallist League for years. He has, of course, had far greater matters to attend to, but I think I am right in sayings that as long as he has had the question before him at all, he has decided in favour of it. I have been a bimetallist for" fourteen years,—that is, ever since it became my duty to give my thoughts to it as Governor of the Bank. My belief is that Mr. Balfour had given his attention to it at an earlier date. My teachers were American and Continental economists. My impression is that Mr. Balfour taught himself.—I am, Sir, &c., H. R. GRENFELL.
Henley-on-Thames, October 6th.
[We did not mean to quote Mr. A. Balfour as a convert, but as Chairman of the Gold and Silver Commission, of which. Mr. Courtney was also a member.—En. Spectator.]
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