The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1903-10-17
Monetary
COMMISSION
|Iskes Preliminary Report to
President Roosevelt.
tR TREATY WITH CHINA.
4, PROSPECTS Of Financial Legislation This
w,,..,s--S.yeraI Cranks Visit the White
dOuss-A Very interesting Letter.
IBv our regular correspondent.)

Washington, D. O., Oct. 14.-Pres-
AMT Roosevelt has just received a
,aliminary report of the internation-
monetary commission which has
eturned from a six months journey
hvouQhout Europe where it has been
poeiying suggestions from the Euro
asn governments for the establish
,ant Of a uniform rate of exchange
ewtean the gold and silver using
ouptries Of the world. The comlnis-
ou is composed Of Hugh H. Hanna,
harlcs A. Conant and jeremiah
jerks. Mr.. Conant saws that the
mort will be made public in about
ID weeks and that it shows that the
ading governments Of Europe are
rrssd upon plan by which the gold
sndard will be established in China.
said also that the plan agreed
pon would create an increased de-
and for silver. To further the pro-
NJ Prof. jerks will leave in about
No weeks for China where be will
bpfer with the Chinese officials on
Ne subject under consideration. The
mort is awaited with much intere
hd is expected to give suggestions
hioh will be valuable especially in
ade with Mexico and China, where
be use of silver has very much en-
arrassed the merchants of gold-using
buntries, by introducing the specuIa-
I've question Of the rate Of exchange
b erery commercial transaction.
Cur trade with China will be
sdtly facilitated by commercial
|eaty which United States Minister
onger Las just signed at Peking.
PIE terms of the treaty provide for
be- abolishment of the likin, or in
brnal tariff which has made trade
tith China so difficult; the recogni-
pn Of Americans right to reside in
A0.empire for missionary work; the
rotection of patents, trade marks
pd copyrights; the granting of min
be rights to American capital; the
pening Of two ports in Manchuria,
hd permission to carry on trade, in
ustries and manufactures in all the
pen ports Of China. The United
tates agrees, provided other coun-
ies do likewise, to pay at the port
entry one and one-half times the
Rriff import duty, and also to consent
\ the prohibition into China of NOR
hine and of instrum ents for its in
Pction. China agrees further to es-
hblish uniform coinage system
|hich will be legal tender through
pt the empire. This, together with
Pe abolition of the likin, will re-
oye the two greatest obstacles to our
Fade with China which is now ex-
|ectd to increase very rapidly.
The Washington grand jury COM
|leted, last week, its investigation of
ee postoffice scandals and just before
|i1ourning it announced thirteen new
Pdictments. The list Of accused con-
ined the name of James N. Tyner,
mo was until his recent dismissal,
assistant Attorney General for the
|ostofficc. There are now thirty per-
pms waiting trial for defrauding the
PVernment through the postoffice de-
Prtment. Many Of them have sew
|al indictments, Machen has four
een and Beavers six. The list in
Nudes besides former postmaster
sneral, four chiefs of division in the
spartment, an ex-congressman and
''ate senator from New York who
aVe been selling supplies to the de-
nisment. Most Of the trials will
'ke place in Washington and will
sgin with the present term of the
'urt. They are expected to continue
rough next summers After Fourth
Instant Bristow hands in his report,
lnich will be completed in about ten
ays' the present investigation of the
O'softice may be said to be finished.
The Republicans are still discussing
eongressional investigation Of the
'pArtment. The position of chair
~ Of the House committee on post
nces and post roads has thus become
! important one politically, and it
!. Deiieved that Spesker-to-be Cannon
IA appoint Representative Over
'eet of Indiana. He is secretary of
National Republican Congress
snal Committee and is regarded as
experienced politician and skillful
ny leader. He is thought to be a
ou man with whom to intrust the
H'ai investigation.
respects of financial legislation
t.ng the coming winter are very
'shs. Representative Hill, Of Con-
plcut, who was the ranking mem