The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

mm 01 oneâ€"quarter of its 1 bags (but this it has never ‘ that by another provision if bank issuing notes at the t the act was passed should f0. sen discontinue its issues, th partment of the Bank of Eugi add to the amount of securiti it to the extent of two»th note issues of banks retiring ness and put out its own not these securities. The amount ‘uies against which notes an sued on January 2, 1895 was a As on the same date the 5 notes issued against gold coin lion on hand amounted to A it will be seen that the issue (1 The ‘bank of issue was therefore al- lowed to issue! notes. which are a. legal tender against the securities amount~ ing to £14,000,000 of which £11,015,100 due the British government formed a part. Since then the issue department ha§ been allowed to put our notes above 'tlns mount only for gold deposited. exceg): that_by a provisian of the act the 11!: might hold silver to the ex tent 0f oneâ€"quarter of its gold holdâ€" ings (but this it has nmmr thn\ and other joint stock banks were estab- lished in Great Britain. 'l‘he'original :harter gave the bank exclusive pri- vilege of issuing notes payable on de- mand. It has gradually become, not only the bank of the government, but its stability has made it the bankers bank. The bullon reserves of all oth- er banks are kept at the Bank of England, and this in its‘elf makes it the center of the English monetary sys- tem. This reserve is seldom allowed to fall below £10,000,000, a. fair average be- nig £10,000,000 to £15.000,000. Its daily transactions have sometimes run as high as £6,500,000. The bank ate it now exists was made so by the act of 1844. The issue depart- ment of the bank was separated and placed in charge of a. committee apâ€" painted from the directors by the en- tire body. The governor was direcle to transfer to the issue department seâ€" curities to the value of $314,000,000. of. which the debt due the bank by the government was to be apart. The bank was also to deliver to the issue department such GOLD COIN AND BULLION‘ as was not required for the banking department and was to receive in re- turn notes therefore. The price of gold was fixed at £3 17s 9d an ounce, and at that price it has remained through- out‘the world ever since. ‘ Up Lo 1826 the Bank of England was the only joint silock bank in England and until 1835 it. remained the only joint stock bank in London. At that date the London and Westminster bank ways foqued, and at the same time beef) often assariléavggd‘ thousands pf books apd pamphlets have been \vrlt- tet_1_ against it. THE PUBLIC DEBT and transacting other banking busi- ness, with great freedom from restraint. In return for these privileges the. bank agreed to loan its whole capital to the government at 8 per cent. This gave the bank a revenue of £100,000 at the very outset of ills career. This character as servant of the gov‘ emment has been retained by the bank through al 10! its subsequent 9a,â€" reei'. although in a Somewhat dimm- lshed degree. '17)); capital was increas- ed to £2,201,000 within two years after its organization. In 1710 it was again Increased to £5,560.000._a.nd on June 29. 1816, it was increased to its present sum of $514,553,000, equal to about $72,- 000,000. 1L5 career has not always been prosperous. It failed in 1696. and in later years has been subject to runs organized by private bankers, some of yvhom to this very day are jealous of its power and influence: its poliqy has; The stability of the bank is due as much to its age as to anything 9189 and to a conservative which has been the result of that age and the follow- ing of precedent during that time. It is over 200 years old, having been or- ganized in 1694. From the very first the bank has been aservant to the government, and it, has retained that character to the present. time, although the government has had no direct our trod over its operations. it was 01* ganized to relieve William 111. from the difficulties which he experienced in raising funds for the prosecution of the war against France. The sum of £1.â€" 200,000 was required to be raised by the terms of its charter. and the bank was to have the privilege of issuing notes. keeping the accouan of The Bank of England had outstanding on November 11. 1896, notes to the amount of £49,732,000. while the Eng- dish joint stock bank had a. circulation of only £w9,935. It will ’be seen. therefore, that the “bank” performs by far the largest share of the note~issu- ing function. ENGLAND'S GREAT BANK Following is a summary of the hunk- mg system of England: The EngliSh banking system. whether the best or not, is the most interesting in the world. Under iLâ€"as ordered by the act of 1844, which granted the Bank of England a. practical monopoly of the note-issuing power, which monopoly will eventually be completeâ€"England has prospered. The system has been strong- .ly criticised. 'Dhere have always been some who have sought to change it, but such efforts are foredoomed to failâ€" ure; for. whatever may be its merits or demerits. coincident with its ex- istence London has become the center of the exchanges of the world. This has probably been quite as much due to the nation’s freedom from invasion and the existence of a single fixed standard, but that the Bank of Eng- land is itself largely responsible for this prosperity will always be the beâ€" lief of most Englishmen. TIII‘ Bank of England [Ins linslml uvor ’l‘w0 Elenlurida â€"llns :I ('1 IDIt‘lQ‘ )luno- holy of [he Note-Issuing I'o“'m'-T0-dau II is l’racfl -:|lly the World's flank of Dl‘poslt. REVIEW OF THE FiNANCIAL WORK- INGS OF THE COUNTRY. only for gold de '3’ a provisicm of ht hold silver to uarter of its 9:01 rtes are thus isâ€" S was £16,800,000. the amount of )1d coin and bul- d to £30,849.895. done). and ' any other time when at any reaâ€" Irom ,. issue. and mu 30,849,895, Lpartment mst A UNIFORM RATE offers steady conditions to induery. This is evidently of the directors of .the changes are made as seldom It is said that the pumps Bank of England is large and all restoring anciall \V( Center. '1 :ff‘ we :be This simple device has served the purpose and its availability has pro- bably prevented other panics. At; all events, under the British system, there has been but one panic in thirty years, which is better [than a panic every few months, as results when currmcy experiments are made which do not provide for stability as of the greatest importance. Ordinarily the banking department of the Bank of England cannot, call upon the issue de- partment for assistance any more than could any other institution. counts for an amount. exceeding £4,000,- 000, and the bankhlg‘ reserVe was re- duced alose to £3,000,000. That even- mg the chancellor of the exchequer re- commended that the bank act be sus- pended, and this was done by the gov- ernment. The pressure upon the banks was relieved at once, and the Bank of England found it unnece$ary to take advantage of the suspension and issue notes beyond the legal limits. The demands for discount continued large, but were met from the deposits, which came in freely from the other bankers, who were assured that their drafts would be honored by the issue of notes, if necessary. )Vhile lhe prevention of hoarding vall lessen the danger of a panic, pan- ics must come from time to time. ’I‘hgre was a. great panic in 1866. which culmm- Mod 111 the famous Black Friday. The failure of the Joint Stock Company was followed in March by the suspenâ€" slon of Barneld's bank in Liverpool. Then, on May 10, the biggest failure in the history of England occurred beâ€" cause of a run on Overend, Gurney}; (To, causing their suspension with lla- hzllties of $618,727,915. The failures were due to over eculation, and the series led to Blue Friday, May 1], 1866, a date which will always be re- membered in financial history. The Bank of England during the day e_x- Lended accommodations in loans and (113- There can be no doubt that the ex- penence of over fifty years proves the success of the arrangement, whether any other might, have been sufficient bgélng an open question. \Vhile elasti- qlliy 1;; not given in the fiense which American economists use the word. anâ€" other consideration of little less impor- tance enters into the. question. The perfect stability prevents hoarding. The hoarding of money through foal: such :38 18.8861] from time to tune 1n Amer- ica, 1.3 what Operates to make money scarce (luring panics. and this freedom from fear is, it is contended, of more importance than automatic devices fo the elasticity of the curnmcy. - THE DANGER TO PANIC is lessened as lessened . notes in gold. By the act of 1844' the bank note wzls substantially destroyed as an instru- ment of credit and it became substan- tially a gold certificate. The functions which the bunk note had in part per- formed were left. to other instrumvn-‘ls of credit. Under such a. system there IS no elasticity of the currency as we know it in this country, and on this ac- count there has been much criticism of it. Bankers say that elasticity of currency simply means the ability to contract or expand the currency in ac- cordance with the businese needs of the community. Under the English syx- tern gold is practically the only cu- culating medium, there being very few uncovered notes in circulation, and the amount of money in the kingdom can only be increased by the attraction of gold to the country which is effected by Changing the discount' rate. It IS contended that the locking up of so much gold, while less would be suffi- (uent for the purpose, is conservative (.0 the point of extravagance. At the same time it makes the note? gate to the greatest extent, and to this IS due the absolute convertibility of thebank note upon which Englishmen lay such great stress. ‘ for it at any time. (“he hank has never taken advantage of its privilege to issue notes on silver. Its notes are a legal tender and are to be such as long as the bank is able to redeem its noges in gold._ of the bank. is, to all intents an poses, simply an establishment stands ready to exchange. cod notes or notes for gold. and its is little more than a gold cert For every note issued the ban] gold on hand to pay on demand, in a. certain very narrow marg presented by three debtâ€"which in therefor that th- 1T5 are difficult. It also has the effect inducing money to come to London an: other parts of the world, or at 1 events to check its outflow. l'ts Iiciency has been proved over and er again. This fluctuation in e doseount rate is somewhat cri- iserl because of the underlying uses, but changes in the rate seem efemble. to a. dangerous reduction of a coin reserves. They arehin fact, 3 modern method of checking such luctions in the reserve scount rate because c but changes: do to a. dam: for funds always can lady of Threadneedle ief means used by 1,} nd to protect itself be rate of discount effect of making bc méar h 01 d 1 FAQ} It. It a money 1 parts of 0 check as been This the motive to hoard e issued the bank ha: '0 pay on demandnwith‘ ery narrow margm ro- hre debtâ€"which in itself the bank's surplus, to X Bank of England note :2 that there is no doubt :r can get VALUE IN GOLD paanqu LS almost as U operations as the isâ€" II; is prm‘ticafily the u deposit and also the u the world. The Bank he position in English 51 New York banks do 2.3,. it is the clearing C ' great London banks, l on. +Ln “Hm”. [7,”. keep the land. In always at eldom ag 1 yrospenty .dle streét." r the Bank Lelf is bv it current the small- :ir surplus crisvs the zines upon th'e ank This rro'wing e effect London 1, or at low. l'ts ver and on in lue itimabe a belief i. for rtii i( and dd are I)!” 1110-; 3y 5â€" cir- few the 1pc: Late rill) Owing to the i'ncrs indja~rubbe1', caused b matic tires for bicyci hicles, there is said t ger of a "rubber fa] 0d of gathering indi. ical countries has 1 wasteful because the of cutting down the 1 quently been adopted. substitutes has resu known the virtues of can tree called the bail in British Guiana, anl duced from it, while 1 electric and some oth‘ to interfere and muse Lhie 11 antlers to remain at home. sion was entirely successful When the Thilyetans reLu Calcuua one of the men 11: a. photograph. of Queen Vi: apparently out of gratitudt an imitation as it was 0 t:th to construct of the (131' Queen was fashioned, place temple, and worshiped as of all the tribe's gods. Careful scrutiny LaLion, so far as earned. was VG the likendss of 'l was startling i1 ter leaving thv. banks had anon Khan, and from Queen of Englax: Two priests appeared by order of the Khan, and conducted Mr. Majoribanks to a. building located at; the crmvn of a. high hill. Entering, the traveller found himself in a dimly lighted apart- ment furnished with all the evidences of a barbaric religion. But two most amazing thing of all was that, seated in a. delicately carved chair, was the fig- ure of a woman, wearing a golden crown. apparently attired in European costume, and looking not: unlike a speciâ€" men from Mme. ’1‘ussuud's. Closer inspection, nuceswrily very respectful nature, disclose fact that the, figure was intended a representation of CERTAIN DEATH. and that no man’s hand could save him. To his surprise he was treated as a. most welcome visitor. He was received with} profound salaams, and with his escort was assigned quarters in a hut for the night. In response to his request for information, he was courteously told that all he wished would be made clear to him in the morning. The ,villagers kept their word to the letter. After the morning meal the visitor was escorted to the, house of the principal official of the town, who is termed the Khan. With two guides and a native ser- vant Mr. Majoribanks started for the mountains that had been described to him. and, on reaching them, found that he was the first white man known to have made his way to this spot. The treatment accorded him by the members of the sect for whom he had been searching was amazing. He had been told that he was going to When he was journeying in Thibet in 1893. Mr, Majoribanks says that he heard through the natives of a white goddess worshipped by a sect whose place of habitation was in the most, mountainous section of that rugged country. Strange Slory From "libelâ€"Mr. Majori- bnnkn Tells [low ller Majesty In Wor- shiple by the Thlbt‘lans. In addition to being Queen of Eng- land and Empress of India, it appears that. her Majesty is a goddess. An Englishman named Stuart. Major- ihanks has recently returned from a five years' sojourn in Théhet and Ben- gal, and his is the authority for the [allowing remarkable story. ier, maintaining the same rehtaions with the government as with any de- positor. The state hm no share in the profits and the taxes are only £200,000. The oiher banks of issue in England are unimportant in a consideralion of circulation. \Vhile, with the usual re- spect of English law for vested rights. the existing private and joint stock banks were permitted by the act of 1844 to continue. their existing circulation every effort has.been made to retire their notes. When currency is with- drawn by country banks, the Bank of England issues circulation for twoâ€" lhirds of the amount. In 1844 in effect by the 207 private banks was £5,153,â€" 417, and £3,478,230 for the seventy- two joint stock banks. The lapsed isâ€" sues since 1844 have been £2,902,997 on the part. of 143 private banks, and £1.- 504028 on the part, of thirtyfieven joint stock banks, making, according to Conant a total of £4,407,025. Muh- leman places the circulation of Eng- li§_h jointdgtfogl; banks in December, Pitt, interfered very Little management. The bank is government banker and n( )er, maintaining the 5am; with the government as wi posipr. The state haq no 5 i'ébl “Jrksfiéfié's‘ Duty the week. There are very few brancl banks. and the control is centralizm as much as pmsible. Although very: close_ to .the govern ment. the latter has. smoe the time o Pitt, interfered very Little with it. management. The bank is purely th+ mg business for holders. It is 1 twentyâ€"four d'u and deputy gox for one year. in turn as depl the utchouc most ,aDP‘ 1n Le 101‘s l'u’ector Lains th. 1rd meel mere y been adopted“ The search for utes has resulted in making the virtues of a, South Ameri- >e called the balam. This abounds :ish Guiana, and the rubber pro- from it, while not possessng the : and 5011113 other properties of Jouc, is szud. 'to answer very well )SI!’, of the ordimary purposes of ubber. ' msl ' pa, THE QUEEN AS AN IDOL. BALATA R U BBER Ltion as it was ossible construct of the reat as fashioned, placed in an‘duworslh'iped as the 1:353 of '11:; leg in "i QU EEN VJ CTORIA omen from that 'an tlm lem mother im. from him I zlgland cam athen tribe 9 ago the l ause the easiest w awn the trees, has adopted“ The se has resulted in , §Vith Thurs: ieputy is gave uy showed that as (1116 clothing very crude in )Sl h'e men had secured Queen Victoria. and gratitude. as good it_xy1as possible for unul lay up 011 reased demand for by the. use of pneu- '0195 and other ve- to be serious dan- amine." The me-th- Iiaâ€"rubber in tropâ€" been exceedingly crude indeed, bui face to the origina s fuithfulpess. Af- emple Mr‘ Majori- imerview with tlu villa out of politics. and ary corporation do- benefit of its shareâ€" rned by a. board of rs and a governor the tril tribe was surely ,nd a deputation Huge to Calcutta lish Government Lh‘e Indian mur- m tin the ery rne rned how the 0 he xzhv god- lt seems that ul‘ned at Whit l‘lle mis with its urely the its cash- relmavions t0( the imiâ€" vas con- eed, but original unk le‘l retire with- .mk of twoâ€" effect chief of a. .1 the to be from Af- I1: 1D own waiting maids lo the sculilions. she keeps an eye on every servant. Un- Eoss confined to her bed by illness the Empress is invariably up by six every morning and. eight o'elootk finds her pouring the Emperor's coffee. This meafl their majesties take quite alone, serving each other and gossiping to- gether like any middle~class couple and at nine sharp, her Royal Highness may be expected to the nurseries. The needs of seven young folifli require a. keen eye of superintendence and the Empress is passionately fond of spending time and money on her children's clothes. It is the Kaiserine's one extmvmg»~ amce that she is constantiry replenish- ing their wardrobes, looking over chi];â€" dren‘s fashions sent her rom Paris, London, and New York, but ordering every garment made by German needle women. Ever;r stitch of the elaborate woman, Every stitch ‘I‘ayettes provided for she and her sisters hav broidered and by ten housekeepers are recei dishes for the lunaha the day are handed he not the time In whatever ping, her days as those of he own waiting 11 keeps an eye 111011 fort W01 begun in earnest, for intrigue at the German court. Bisma: tow Crown Princess Frederick sworn enemies. and Prince ‘ took a prominent part in 3.2}! doings, but his wife triumphed end. IShe remained the same Of course this was just what the iron chameelrior wanted. and to heal the long stamding breach between the Holsfein- ers amd the Prussiams.7 he proposed for the Princess Au‘gusta’s hand and Prince Wilfliam went aâ€"wooing. Naturally he did not find in his prospective bride any such rare beauty and accomplishments as his Hessian cousin possessed, but at may rate he did meet and amazingly ro- bust, sensible young lady with the fresh- mt pink and white skin. nice blue eyes, fair hair, and a. charmingw amiable temper. amd suflked, fimadfly promised obedience and when asked to dbok about and select some other nice young princess broke out with:â€" “Choose whom you alike; it is aabs irater the same to me. so long as it unique of mg lot." OI course this was avlfl very fine amd romantic. but state policy came beâ€" fore ‘hearts and as there woqu be nothing to gain by marrying the heir of the German throne to a. Princess of Hesse Darmstadt. Bismarck told Em- peror XVilllliam it wouldn’t do at all. The o’l'd Emperor, of course, broke'the news to his grandson, who stormed When the present Emperor of Ger- mamy was at the most susceptible poitnt in his career he feflfl in love, and it was characteristic of the young mam that he fem wi=ld]y’amd desper- ately, ohoosimg for the object of his adoration the beautifufll elder sister of the Czuina. who isnow the grand Duchess Serge of Russia. we court or Bezflfirn. Never having read novels and brought up to imphicity respect. the sage saying of "o‘hifldremr obey your parents," Prin- cess Augusta. made no dbjectian when She was ordered to receive the addresses of no Eass a. person than Emperor Will‘~ Liam’s eldest grandson. Undoubtedly the match was, from a Wor’hdly poirnt of view, excellent, but there are bitter words and almost a. tragedy behind the fiatterimg offer. This is a good deafli more than can ‘be said for her sister majesties who, pro- bably with the exception of Queen Vicâ€" toria. and the jo’Jl’y little girl who will some day tulle Holland, are a weary and unsatisfied ciass of women, at Beast their faces bear all the marks of rahher peevâ€" ish discontent and unsatisfied hangings. Not so. however. does Empress Augusta. Victoria, who was never an heires in her girflihood, who mt eighteen was told to marry a young man deepilly in love with; another womam and who between a. olever, criiicail' mother-im-law and her husband’s chief politicatlr friend. seemed likely to find life at the Imperial court anything but a. bed of roses. Aim her early years Primcess Augus- ta. spent with her mother and sisters at the modest, not to say frwgafll court of Doizig, for her father, the Grand Duke of Sehlleswigâ€"Holeteim, was poor in aihl but pride and Ibis wife amd daughters practiced the most rigid economy. The Princess was taught to cook amd sew, to carry the keys, give out the Gleam linen, to play “he piamo, a, bit on the violin, to speak English: amd anoh,and her Lutheran catechism. Ten to orne she never thought about flovem or marriage um-til' the most f1at~ tel-hug offer arrived for her hand, from the court of BeIflJiIn. A book expflaimjmg "How to be Happy. Though a Queen,“ would undoubtedly find [barge saJes 'm 3.11 European courts except that of the Empress of Germany. She is one of the few feminine crowned heads who might truthfuflflry be describâ€" ed as finding as much solid, homely contentment in her husband’s paflaces as any honest wofikman's wife in her vine Glad cottage. A Thrifty Empress or undertake~ tk sh? woufi’d exp‘u us; “me to >spa.r€ rt to dead act were ; - why she take the M explain husba 11d neon am her and t'rmcess William. Prussia and Em- has not attempt- more ambitious. x the slightest ef- f irsi in 9.1137 an (1' {mm sculllmns‘ may e extravag- 7 replenish- ? over 0.11:1];â€" rom Pans, iir. laid xe social 16 probâ€" mt reqd piace 111 she had 01 angle. 3- umenta George's uau. w1 nades. It is one assembly rooms i what is so remai the space round th monuments that ( size and dignified itself, but the m' that line the we: jestic appeara its long line. crowded docks sure to drive and the Lime one of land, fmm Americca, and this is the spot, in all Europe, xx here the stream of Amer- icans passing to and fro is most con- stant and most. numerous. How many Americans are there whose first impresâ€" As far as possiwe she follows his wishes in everything and though it 15 not according to thier desire that the three eldest boys are educated for the army, no word of compilaiht has mime from their mother; she encourages no EOSSI-pping feminine acquaintances: for her sisters are her only intimate friends, and as Empress of Germany she spends no more money than when as Princess William, she was on a rather modest. income. Her [husband selects and buys for her both jewels and gowns and all in the worst possible taste, but it is has delight to see her gail-‘y and richly costumed. Very rarely does he come back from one of the journeys without some gift for the Kaiseriim and when at Vienna he went to sedieot a. fine tea. gown for his wife, alll‘ lon‘s taaitled costumes were waived aside. “Oh, those wound be of no earthlly use to the Kaiserin," he insisted, "-5110 always has four or five 'boys tumbl- a.round her skirts and they W0 make short work of gowns like that". To two good old-fashioned habits the Empress clings with a. devotion that would make the very new wo- man smile. She writes daily in a, dairy and a looked one at that. No one, not even the Emperor, could tell the contents of these Russia. leather rbooks, that daidry have a. page filled and at the end of the year are laid away in a. Looked safe with. her jewels and a. new volume begun. Beside this she keeps in constant use a vast “will worn wonk basket. Out of it she makes with her own fingers all her Christmas and birthâ€" day gifts, occasionally gives a lift with the royafu mending and says it is owing to this constant and important occupa- tion. she never has time for novels and music. Liverpool may be considered a fronâ€" tier town. It faces a good, big. wide frontier, a. very formidable frontier. but. nevel‘thcle s. it is a frontier town. I l‘t "pinion of This. Great :lish l‘lly. A n Anwricunw When drawing his' idea of a per- fect womam it is easy for listeners to recognize his wife as his modeb. Wham aw_ay from [home ha writes po _her dam? her stramg' religious commotion have made of him a. devout church- ngatn and though 3119 never agks quee- tlons or demonstrates any oplmons on political questions, no one. knows more of the affairs of bhe empire tham the Empress, who is her husband's absest confidant. 7 7 band’s preferences, the menus are chos- en. After the menus are selth she confliders llmuselhoid ’bills and lthexn writes her own letters. All this while she .is presiding in the nursery the Kafberm wears a soft white mornimg gown. a .good deal. on the wrapper pattern and a vast white apron and the children lboked after she investigates her belloqu Linen (inset. No one but herseLf ls allow- ed to give out even» the most modest duster and on dhiellves, reachdmg to the ceiling, are stored vast hoards of white bolts. heaps of snowy table cloths, and bed clothes, sufficient to supply many families. By eleven o’clock the Em- press dresses for a drive with; her hus- band, or a. walk wimh; her childran and at one the entire RoyalL famill'y meet at luncheon. This is strictflly a famin feast and after hunch the youngsters have an homr or more with their parents, or at mast unlti-l. three o'cloak.‘ Then” in a quiet reception toiflet, the Empress is at home in her drawing-rooms to call- !Im's. No great formality reigns. \Vo- men come to pay their respects, open philanthropic schemes and every 011m, , seems respecth and anxious to see the); Majesty ‘is permitted to enter. [During dinner the Empress is as alert and watchful of the serving, quality of dishes. etc., as any conscientious hpuse- keeper, and, if possiMe, when dinner is. over, she rums up for a moment With the children while they are gomg to 'bed. Again, wthen tlhe evening .18 over and guests dispersed, she books Hi again on her babies, and if one of the mange-tars is m or restless, or there Is medicine to be given, she trusts no hands and eyes but her own. _ much quiet devotion and simple ami- albiflity has, ill} this {gentle Germain lady, [oumd its just reward for a. more devpted husband than; 'the young Kaiser woudd be thard to find. At six dinner is amounoed and this "is the grand meal! of the day. ‘The Empress them appears in fuilil state toilet and many jewels. The com~ pamy is airways Mange and brilliant, a. page in spimdid costume stands ibe- hind every second chair and beside each [fate is laid mot only the menu printed in German but a. programme of “has music discoursed throughout the feast. The food is sure to be «mm! and a. great deal of \Vagner’e, Suili~ vgun's, Weber's amd Deiibe’s harmonies rises from the invisibl‘ie orchestra, com- ppsed. of DO less than twenty-four pier/es: rpoc ad, Here at lea great city and en triangular : ‘. northern side estern Hotel, w at is undemea‘l l‘oss St. George‘s Channel there is aland. and across the broad and tur- lent Atlantic there is America. ough there are now active rivals, Livâ€" )ool remains the principal port for barkation and debarkation to and mu Americca, and this is the spot. in 5 one. at tm uoms 1n this remarkable western s structug'e everyt'h‘un LIVERPOOL numerous. flow many here whose first impres~ is derived from landing ’erhaps, if a cab awaits at once. to one of the impression will be fav- is no denyng the ma,- spuce ls (lommated on by the huge North- h‘ich hides the station 11 and behind. Oppo- thoroughfare is St. i‘thl its Greek colon- no denying the mar If the Mersey. with miles in length. of en the cab is almost St. George's Hall, ll t he here finest :ountry pubu' ry. But merer tuas and spot, the the hall thi ‘uil the rtafjnly idea at [DOD-