The Archive · 1934

Silver Policy in

Washington, Sept. 1.

New indications that the Chinese Government is thoroughly sounding the United States silver policy with a view 10 possible adjustment of its own. polley" were seen to-day" political and financial experts at the national capital.

China, it was believed, was ready to increase the export tax on silver for even to declare an. embargo, partial or complete, on silver exports, if the United States policy would indicate such stops are wise. At any rate, the Chinese Government is anxious to take some steps for cooperative international stabilization of the white metal.

Chief among the steps taken China to ascertain the American silver policy ar Firstly, circumstantial evidence that the State Department has received a request from China requesting clarin fication of. President Roosevelt's monetary policy.

Secondly, the visit of Mr. Li Ming, chairman of the Board of Directors, Bank of China, to New York, where hho conferred with leading bankers and financiers, and his tentative visit to Washington where he may confer with "Mr. Henry. A. Morgenthat, Secretary of the Treasury.

'Thirdly, the forthcoming return of Professor' James H. Rogers, one. of Mr, Roosevelt's leading monetary advisers, from China where he made

situation.

exhaustive survey of the silver Fourthly, the close attention which the Chinese Legation in Washington has been giving to every Administra tion monetary move.

'Although officials declined to com: ment, it was understood that the State' Department received @ request from the Chinese Government asking

Text read from the printed page and cleaned; old type leaves the occasional error.

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