CHINA: Silver Protest

Chinese bankers have stolidly watched the Roosevelt Administration's oft-repeated promise to "do something about silver," increase the price of the metal, upon which Chinese currency is based, from about 16¢ to about 50¢ an ounce. One of the loudest cries of silver Senators in the U. S. was that raising the price of silver would also raise the purchasing power of the Far East.

But, like every other government, China has no desire to increase her imports at the expense of her export trade. Rising silver has drastically reduced her markets.


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