Locsi. INFLUENCES RESPONSIBLE.
In the case of the United States, however, be the reasons what they may, it was obviously a question of .11y. At th.9 first-blush, there was a tendency-in the-City-to regard 41,, aeticin Of President Rooseelt as constituting something .% an attack upon this and other countries with depreegato eXchinges,- the idea being that -by reason_ of such depreeiatiog Ainerican trade . was beginning ,to_ suffer, and consequent,. President'Roosevelt was determined to improve his strateg4 position both from the standpoint of trade and also from that concerned with the approaching Economic Conference. If tin, repcirt had-correctly described -the position, President Root, welt's action at the moment when the British Premier ea, actually approaching the shores of America on a friendly sisig to discuss future plans would; of course, have been open tw serious criticism. There is, hoivever, no reason to suppol that President Roosevelt was actuated by any unfriendly aim, against this or any other country. - It was rather a case ai ' local forces driving him on. It is quite clear, for exam* that Congress had made up its mind for inflation and that there was even some risk of bimetallic measures being passed in-hurried fashion, and it was probably to frustrate suet devices that President Roosevelt acted promptly.
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