Professor Kemmerer on Likely Outcome of Present Trends China abandons silver in favour of 'Stepping stone toward' permanent Chi-hose. adoption of some of the sell Standard, Dr. Edwin U. Kemmerer, the economist, declared In an. exciasive Stllcle written for the United Press, Professor Kemmerer iz now a member of the economies department of Prince: fon "Galversity He served as finance Derts t9 China "He writes as follows "The present rise' in the value silver due to this American" silver policy has been strongly pushing up the value of silver money in China which means lowering commodity Pree i' China nereasing the burden of all debts of the Chinese people, and doing great damage to China' export trade. It also means that for years to come China's currency. She remains on the silver standard, would be largely at the merey of the politically motivated silver purchases (and, subsequently, the silver sales) lof the United States government. This would be an intolerable situation for The United States, therefore, ix forcing China to give up the sliver standard. managed currency standards not at all well adapted to the needs of China and to the characteristics of the Chinese people. It adopted, {it will probably prove to be but stepping' stone" to the permanent adoption by China of some form of the gold standard—United Press,
Text read from the printed page and cleaned; old type leaves the occasional error.