Desire Expressed by Bankers to Return to Gold Standard Osaka, June 23.
The pressing demand to take]
mediate steps to return to the gold standard was reflected in last night's conference of about 30 of the most influential bankers, finanders, economists and industrialists, who "gathered from Kobe, Osaka and Kyoto, at the invitation of the newspapers "Asahi" and "Mainehi,' to exchange views on the gold With only three dissenters, the majority declared themselves favour of the speedy lifting of the ban, I: is worthy of note that among. the latter was Mr. Ina Hata, Preident of the Osaka Chamber of Commerce, who has all along maintained that removal of the embargo was premature. Now he is wholeheartedly in support of the argument that the time is ripe seriously to consider speedy ae Conservative bankers, such as Yamamuro, Director of the wubishi Bank, and Mr. Yatsushire, Director of the Sumitomo Bank, strongly advocate an early return to the gold standard, pointing out that Japan's foreign trade, visible and invisible, was practically squaring up, besides the fact that Japan holds enough specie abroad, Furthermore, they contend, the ternal money market is very easy, that the effect of an efflux of will not be so seriously felt; in fact, it will most likely have a beneficial effect on commerce.
Later.
The outcome of the conference was the formation of a board, for the purpose of preparing ways for the removal of the embargo, with offices in the Chamber of Commerce, at least in name, the provider the necessary labour in provinces already bled dry by military extort tion in quite'a different proposition.
Text read from the printed page and cleaned; old type leaves the occasional error.