The Archive · 1903

CORNELL ECONOMIST

JENKS WILL GO TO CHINA — SELECTED FOR IMPORTANT WORK IN EAST

Wiut ye Assent A Where Year.

University Will Probably Grant Leave to Well Known Authority on Monetary Question—Will Visit the Philippines and Japan—His Efforts May Mean Gold Standard.

Professor Jeremiah Whipple Jenks has again been honoured by a call to the government service and will be absent from the University during the coming year. if the proper arrangements can be completed in time Professor Jenks will leave the city in three weeks for China. He will frst visit Japan and present to that country substantially the same subjects that were presented to the different European countries this summer by the full commission.

Professor Jenks' absence for another year will be a serious loss to the department of political science. He was absent last year for nearly two months and all of the previous year. It is not known as yet what arrangements will be made about his work, but probably the same scheme will be carried out as in the spring term.

Professor Jenks returned from New York on Saturday, where he attended a meeting of the commission on international exchange with reference to the future work to be undertaken by the commission. It has been thought necessary for some time that the work be taken up promptly in China, and the suggestion was made to Mr. Roosevelt that some one go immediately and lay before the Chinese government the result of the work done this summer and the suggestions made by the many commissions which have taken up the subject of the monetary systems in the Far East.

The President named Professor Jenks to carry out the plans of the government. While the board of trustees have not officially acted upon the request for a leave of absence,-President Schurman will recommend that the leave be granted. as students are to register this week, he has authorised the needed change in the announcement of the courses.

Goes to Philippines. tier working in Japan, Professor Jenks ill go to the Philippines, inasmuch as it is the desire of Secretary Root that he give some assistance, if possible, to the govern-the Philippines in' the inauguration new currency system. After this is done he will go to China, visiting some of the leading viceroys and the imperial government at Peking.

As is well known, the imperial government requested a year ago the good office of the United States in enabling it to emry out a currency reform policy.

The first step has been taken in presenting the matter to the Great Powers of Europe, who, because of the indemnity duc them from China, have a right to ask to be consulted regarding a question which will affect so intimately the financial standing of China. into effect a suitable pi mat be poy The next step of preparing and_ putting, the Chinese government itself, Professor Jenks believes, and it is to assist. directly employed by the governmen in this part of the work that he has been

In speaking further of the commission which he is about to undertake, Professor Jenks said this mornin, "Ofcourse a work 60 complicated in its nature in a country like China is not easily carried out, and' it is quite possible that, although the effort may be earnestly made, some time must elapse before China can succeed in fully carrying out its plane, although they may be well formulated and inaugurated without a very long delay "If the government does succeed, even after a considerable length of time, in giving to Chinn a currency on the gold exchange basis, the result will be of inestimable benefit to the trade of the United States and of the other commercial nations, besides strengthening Eh in all directions."—** Ithaca Daily News."

Text read from the printed page and cleaned; old type leaves the occasional error.

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