In making public the correspond cence, the State Department revealed fo-dsy that the administration, was exploring the possibilities of a direct exchange of American gold for Chi-neve silver as a means of advancing its silver purchase plan and avoiding! evil economic consequences to China in '@ note from Nanking, it is stated that the gradual introduction of gold basis currency. will necessitate the acquisition of xold bullion." the probable policy of America in the future purchase of iver: in order that China may properly safeguard for. currency, which. has recently been owing out of the country to degree that fs potentially" alarming"
Text read from the printed page and cleaned; old type leaves the occasional error.