We present a long-term multi-wavelength light curve of Galactic black hole candidate GRS 1758-258 by combining previously published and archival data from GRANAT, ROSAT, CGRO, RXTE, SAX, ASCA, EXOSAT, and the VLA. In addition we include first spectral results from the balloon-borne Gamma-ray Arcminute Telescope Imaging System (GRATIS). In light of divergent analyses of the 1991-1993 ROSAT observations, we have re-analyzed these data; we find the soft X-rays track the hard X-rays, and that the fits require no black-body component-- indicating that GRS 1758-258 did not go to the high state in 1993. We offer an interpretation based on the ADAF model for a system with mdot ltsim mdot_crit. We find the 1990-1993 coeval hard and soft X-ray observations support the ADAF predictions. We discuss a new way to constrain black-hole mass with spectral data and the ADAF theory, and apply this technique to GRS 1758-258 to find M_1 gtsim 8--9 M_sol at an assumed distance of 8.5 kpc. Further investigations of the ADAF model allow us to evaluate the model critically against the data and flux-flux diagram of Barret, McClintock & Grindlay (1996) and to understand the limits of the latters ``X-ray burster box.
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