It peeks our curiosity to learn how the enormous imbalance in trade—in which Imports exceeded exports by 97 per cent. as already stated—was overcome and instead of causing silver' to drop sent it up. With the lo of silver from China against imports the white metal should have normally dropped but the fact is the contrary occurred. The vagaries of exchange were accounted for by the needs of the belligerents, the Russians and Japanese for silver. The uncertainty in the world to-day was relatively existent and the problems then, strange enough, are similarly of to-day. There is no saying at what juncture silver may be only in demand again and out' traders to-day are forced to watch with utmost vigilance as they did then its possible near-future behaviour. We have our best guide and philosophy in history:
In whatever low moment in its history, China must have due regard to the' weightiness of the characte: of the Chinese people which, in itself, have combatted cir 2 stu enduring nation, the peoples. As. traders they a surpassed by any in the world.
Text read from the printed page and cleaned; old type leaves the occasional error.