Show NO LONGER I LONDON STERLING exchange continues to bo be the sensation of the day with the value of 0 a british sovereign tailing falling without sign of slackening its speed down the financial toboggan says wm wirt mills the most important coin in the world today is not the sovereign but the dollar and the real significance of the monetary situation is that tile tho seat of financial power has shifted from london to new york with every prospect of its ita staying here this means loss of prestige tor for england as the central monetary power of the world in addition to the diminishing of her influence through decrease of the nations wealth it Is a serious question tor for england how to relieve this situation at least for the moment Is it possible for her to retrain refrain from buying war materials here surely vii not and it if america stands squarely on tile the presidents declaration of real neutrality in his opposition nearly a year ago to tile the negotiation here of 0 foreign war loans it will be found that america now more than ever holds the key to the european situation and can exert a more powerful influence for or peace than has yet been dreamed of the magnitude ot of this opportunity is not yet fully understood |