To the Editor of the "Norru-CHina DAY News"
Sit,—With reference to Mr. Tsuyee Pel's criticism appearing in your issue of the 14th instant re-erding the United States Admin-ration's waiting attitude in respect to a new monetization of silver, perhaps President Roosevelt waiting for China and the rest to tify the London Silver Agreement Jand perchance Mr. Pei will tell us why China is delaying the ratification of this agreement.
Mr. Pei also cites the harmful China's trade by the wide exchange; when has currency ever been. free from fluctuation and malicious manipulation? Mr. Pei has evidently suffered a lapse of memory in this respect. Let me remind Jof the severe fluctuation during the recent years 1990/31, which can hardly be compared with the present mild movements. Can Mr, Pel honestly say ho is unaware of the damag-effect on our exchange by the filibustering in the local. gold. bar land particularly in the recent, action lof the Committee of the Gold Bar Exchange? Why does he not use Luis big' influence to stop such baneful manipulation?
In truth T am sure everyone here desires stability in exchange, but how can we expect this unless the price of silver is stabilized, which Jean only be achieved through the winest ce-operation of the other signatories to the London Silver President Roosevelt means well
ability as well as a great and cap-nas proved to be of outstanding lable "leader. Indications are not flacking that he will succeed in stabilizing silver, Why feel agitated lby any wild rumour which I dave say Inobody can prevent. shang, (he is not a traitor to China, either who has portrayed his men: fal agony ina. most pathetic "and vivid nanner. battler of the Rod' Suppression Came "saw with, my_own eyes. san ile? vl an thal etter, can thistle avent the: future' of China and ravages, t became verys Some of" my\ ellersy wih prophetic wisfon, "went" to" heritage, Severs iiemed monks vbile Ta sill on ha'so Tam diferent und Not, nawing where to torn to and Unable fo acitle, down in eny way remain ahnply belgic The' mre ieeperate Tigtow, the more anxious feel'ta go to the front and witness the devastation wrought shore by the Such being the actual situation in China, T'am often led. to believe that after all China is in need of a dictator "for sometime, that Until the elementary. requirements of m political state, such as pence, order or the security of person and property can te completely. filled. Roreover, "corrupt rapacity" can he held in cheek only by a certain type of dictatorship. 80 far. Gen: ral Chiang: Kai-shek has been suecessful in hig adroit military. ma: oeuvres. He has. shown' also Bs application' of "the tolerant, Mia "sagacity and, Staiegy Smnique with. considerable. skill Inthe meantime, Mr. Wang Ching-wel hasbeen. patriotic enough to Gollaborate with General Keatsheke for the sake of Chi ubtless, the "real ten gunne is predominant, pate, and the genius of the Chinese people Hea fn"its_ constructive liberalism. China is ultimately destined to play Keman civilisation: Nevertheless, ing role im the advancement Silver fluctuation and manipul tion have been going on for over one hundred years, another f ore would hardly mab ference. At least we sco in Pre~ ident Roosevelt a man sincere to pledges and, so far. has already elevated silver in his own country to the status of money. Let us be fai IShanghai, Feb. 15.
Text read from the printed page and cleaned; old type leaves the occasional error.