London, Feb. 4.
Establishment of an inconvertible paper currency wae sungented tonday by the "Financ'al News" as the only Possible remedy for' the monetary with which China now finds herseié
"China is having an extremely. virulent. dose of dotation, forced upon her by the silver policy of the United States, this journal said in a lengthy editorial dealing with the Chinese situation.
Chinese paper currency, convertible into silver. and sliver elreulates freely, the ink between the metal and" the monetary position of China cannot be Severed completely," the paper says.
"Unfortunately, there appears little hope of an early chane In the stiver policy of the United States," the Journal continues. "On the" other hand, there is every indication that Amerfean buying will acquire new momentum, "Consequently, China must seek her salvation within herself, where fore she may be forced gradually to Fecal! local' silver currency and establish an inconvertible paper cur= Fency."—United Press
Text read from the printed page and cleaned; old type leaves the occasional error.