the first week of February we published the following Reuter tele-glams, under the heading: " President Roosevelt to the Rescus of Silver"
"President Roosevels has s: ns a message to Congress with notes Mexico and China, dwelling on the injury to international trade which results from the fluctuations of sil "The mes-age recomnzends le-gition to enable the United Staves w ce-operate with the other gold stand-aid countries for the purpose of estab: ishing the stability of slive "The U.S. Governnient. propos to. appoint a commission of three financial experts to represent the United States on aa international monetary confirence on the lies! judicated in his notes on the conditions existing in Mexico and China, or in any kind) of international exchange of views that muy promise a successful rest t.
"The proposed commission will not commit the United States to any change of her currency system."
Howe telegrams have to be so much compressed in consequence of! the high cust, that ambiguity is always present in them; and we now learn that the actual text of President Roosevelt's message was as follows "TI transmit herewith a report from the Secretary of State, with accompanying Notes from the Mes can Ambassador und the Charge d'Affuires ad interim, which soks the ce-operation of the U- ited Sta'es in such measures as tend to restore and maintain a fixed relationship between the mones of the geld standard and the silver using countries. I request that the Executive be given sullicient powers to lend the support of the United States in such mamer, and to such degree, as he may deem expedient, to the; purposes of the two Govermnents."
In communica ing this message} to Congress, the Secretury of Suate said:—"It 1s not asked that the' United States modify its monetary system, und it fs dis. netly disavowed that any movement is _contempla: ed for the restoration of international Enop cies in the Orient and the ialependent countries where silver maney is in gewra! use, may result the" adoption of a ion system which will prevent the fnetuations in exch-ye which nov sta portal son!
pesed in th" United ates ina) th Bil now pend ug in the Sena ein ant to the Ph li-pine great, benefits will follow to th ale of the world by aking caler the necess of the pr: ing nat ons te the and she other silver have an imp the payment of the mdemei y China due to. cortin Europes Powers and to the Unitul S ate-, by enabling the Chinese Emp.r- to put her monetary system upon a basis which will make it p"sible for her to meet these payments in a manner satisfactory to all the Powers, This resn't, if 1% canid be accom! shed, wou'd he of first import to the United der We the Notes sub-learn that mitted by China and AM si practically idemtied. Th+ Chinese note explained that the recent fall in silver was disa-trons to China, and disa-trons to the repic ly increasing trade between China and the Unired S ates, while stab: liy is as important 10 golf ver-using counci-s. 'T. nity has further dep e-sed silver and reduces the power of China to bry American mannfictures, and this is a point, the Note s y of serious consideration by the Western Powers, giving promise, as ltd es of of wor ever, that bimeta'li-m is which has been definitely abandons by the leading We "sand that it is hopel: adoption, Wi sche Chinese Note, is that those Guverumen s which hive d-powlenees where vers used snout Feosperate wish th: Gocemmaonts of siv-r countries in tema oleg som hsiing a datisis plan re ip {tween their gold and snyer mies fav wake prop-r _mexsures to main-tatu a rela: iouship."
appears further from the Secretary of that Chin in bringing such her cures Waether expovtel to exe Levee te China se far pts top side her wih the required of gol dees not appear pst be the only practical ined 1S Can rat satitae ory tua Chia—wh hori. be the Serament oer only the s hitacharge must be made; jand sie will preobsbly fin La'l Western nations only 09 teely we encourage her in making it.
Text read from the printed page and cleaned; old type leaves the occasional error.