Silver Fall Makes Poor Poorer.

If Eastern markets are to become a battle-ground between a repudiationist Russia and a Britain saddled for half a century with American debt, special attention must be paid to the pronouncement (8th May) of the British Trade Mission to the Far East, that trade in those countries is based on low price rather than on quality. This must be so while the purchasing power of Eastern populations continues low. Apparently Mr. Snowden has no plan to raise it, and the persistent depreciation of silver has carried both China and India in the opposite direction. At the important International Chamber of Commerce sessions in Washington, the most pressing demand of the Chinese delegation was “an immediate international conference to stabilise the price of silver.” And the silver fall in India causes Senator Borah (chairman of the U.S. Senate Foreign Relations Committee) to demand from Britain a reversion of the gold standard in India.