'The splitting of the United States Silver party into three groups, it is Suggested, has resulted in its' disin-regration, and the disappearance of the united front which made it such power in Congress and a force with Which President Roosevelt "had dif-foully in dealing. In the absence of organized opposition to silver legislation. it is not expected that any) immediate departure will be taken from the stand "which has already been adopted, and which has been indicated in the terms of recent silver legisla~ tion. That does not, however, divest the' development of sits real significance which Is to be found in the conversion and repentance of the tobacco interests which supported the proponents of silver legislation in their successful efforts to rush enactments through congress. These latter have now found to be true what has been argued by China experts as Tong og. the controversy has lasted, that high silver was detrimental to trade with China. "The fact has been Drought home in the most practical manner to the tobacco interests who have discovered that the silver policy forced upon the President cuts deeply into the tobacco sales to China, and they are consequently now ready to admit that not only has the policy been destructive to trade but has been of doubtful value to silver producers themselves. It is not often that so complete a justification of the argument advanced in China's behalf has occurred and: it is to be doubted whether Mr. Cromwell, who recently passed through Shanghai and had so much to say on the. British pro-Daganda behind the argument, would in view of his close affiliations with tobacco interests, care now to be Quite so emphatic,
Text read from the printed page and cleaned; old type leaves the occasional error.