The Montgomery advertiser., 1903-01-30
SILVER-U USING COUNTRIES
 APPEAL TO UNITED STATES
Seek Aid of America to Establish Fixed Relation ship Between Moneys of Gold and Sil-
 yer Standard Nations.

Washington, Jan. 2o.-President Roose- welt today sent the following message to Congress-:
 I transmit herewith a report from the Secretary of State, with accompanying notes from the Mexican Ambassador and the Chinese Charge d'Anaires ad in- terim. who seek the cooperation of the United States in such measures as will tend to. restore and maintain fixed relationship between the moneys of the gold standard countries and the silver using countries. I recommend that the executive be given sufhcient powers to lend the support of the United States in such manner and to such degree as he may deem expedient to the purposes of the two governments.
 Theodore Roosevelt.
 The message was referred to the Com nittee on Finance.
 In his communication Secretary Hay says:
 It is not asked that the United States modify It's monetary system and it ia distinctly disavowed that any movement Is contemplated for the restoration of international bimetallism. The opinion is expressed by the representatives of both governments that consultation between the United States ana the Europan pow DfS naVlQk ucPcuQcuCleS lIl kA0 SttUhh 8iiA the independent countries where silver money is in use, may result in the adop- lion of a monetary system which will prevent the great fluctuations In ex- change which now occur in trade with khe silver using countries
 If such a result can be achieved. and 1t is pointed out that at least a partial solution has been proposed by the United States in the bill now pending m the genate in regard to the Philippine Islands great benefits win follow to the trade of the world by making easier the nccess of the products of manufacturing nations to the markets of China and the other silver using countries.
 The consideration of this subject may have an important bearing also on the payment of the indemnity due by China 10 certain European powers and the United States by enabling the Chinese nmpire to put her monetary system upon h basis which will make 1t possible for her to meet these payments in c manner satisfactory to all the powers. This re- suit, if 1t could be accomplished. would be of the first importance. not only to the limited States and to the other powers having a share in the indemnity pay ments, but to China herself and her future development
 The memoranda submitted py china and Mexico are practically identical. The China note can be taken as typical of that of Mexico. It says that the serious results which are threatened by the re- cent fluctuations in the value of silver bullion to the commerce of both gold and silver standard countries have in. duced the Chinese imperial government. acting in concert with the Mexican Gov ernment, to ask the cooperation of the United States in seeking remedy of these conditions for the mutual benefit for all concerned. It is pointed out that trade stability between the United States. . gold country. and China. silver coun- try, is destroyed by a variation Of 20 per cent in one year in the price of silver bullion, as happened last year.
 The memorandum urges the stability in this respect is as important to gold using as to silver Lsing countries. It shows that the silver using countries im- ported in 1902. almost exclusively from gold standard countries. goods to the value of $574, ,e25,323 excluding British h. dia and several silver countries in South America. which might be brought into an agreement to maintain stability. It is further pointed out that the largest amount of this trade. namely, $19s.s .s42 went to China.
 This trade. 1t fs declared. is now threat ened with decline. the limit of which