In a special communication ' to Reuter, Senator Key Pittman stated. that he wag not opposed to a loan to China, "In'fact," he continued, "I favour advances' to China through' the medium of pool under the advice of a commission for certain specific developments, 'The advances should be made as they are needed for the purposes decided upon. 'Through such procedure there would not. be flooding of China with but silver would move towards the, interior' of China in the shape "of smaller coins that would readily, be absorbed by the population." A. pacified China, under intensive development, could consume over Half the annual mine production of silver of the world."
Senator Pittman' stated that, if the Government of India could' be persitaded to suspend its policy of damping the silver money of India on the world in the form of bullion then the question of over-supply would cease to exist. The first step, however, was to induct the Goi ment of India to suspend its present poliey.so that the normal purchasing power of silver would be Testored.
Senator Pittnian further declared that if a silver pool were organ! the United States would undoubted. ly supply. most of the silver. "What! we desire", he added, is the a proval and support of te chief Powers interested in China."
'Senator Pittman said that advances to (China should not be ace companied' by political obligations, but any undertaking on the part of the United' States must first" hive ort the approval of the Nutional Goy-went "of China.—Reuter,
replied that they could do. noting as he was no longer in thi es.
Text read from the printed page and cleaned; old type leaves the occasional error.