Washington, May 11.
As it was learned here to-day that quietly but thoroughly the "ai ministration of President Hoover is Studying the. silver situation and the crisis arising from depressed white metal values Mr. Pei Tsu-yee the Bank of China, Shanghai, arranged to confer to-morrow with Golonel Henry Stimson, the Betie Pel Tew yee vas one of China's secretary of State. delegates to the just-adjourned Sixth Biennial (Congress of the Int. national Chamber of Commerce he was, largely instrumental stimulating the movement which led fo the passage of a resolution Providing for an international silver Conference within the current year.
After conferring with Colonel Stimson with regard to the attitude of the United States toward official {ternational action. on. silver Mr. Pel Tsu-yee will proceed to London. There he plans to conduct a similar conference with Mr, Ramsay.
Donald, the the Chinese banker said that asa result of his conference with Mr. MacDonald. he hopes to secure at Toast a temporary' stoppage of, the alleged dumping of Indian silver! until an international conference on He white metal problem can be held.
Demerat of Utah, said that he: will to-day Senator William H. King give Mr, Pel Tsu-yee full. support {nv the efforts "to secure effective international a stabilize silver "With the admin ident" Hoover giving quiet but thorough attention to the silver ailuation the United Press 1 that the administration is jin in an international ference—but in the event that it is called by some other country, Several months the United States hans hesitated to take the initiative inisummoning an international silver conference—United Press, Tokyo, May 12.
suggested that the proposed inter-'Unoffeal dine les: ire. to-day futfonal silver conference be held Tokyo. Te was pointd out that Decause of the relation of India. the White metal situation it might rove embarrassing to conduct. the proposed deliberations in London. Tt also pointed out that, because the possibility that war debts must be found speedily if the trade of the world is to be restored to previous prosperous levels.
Mr, Darling declared to-day that ig is welcome sign that so much international attention is being devoted to the silver situation. the-opinion of Mr. Darling, governmental rather than private action is to cope with the silver leader wwation,—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.