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Show THOMAS' APPEAL URGESMINE AID poelft to Ttw Tel'inm WASHINGTON, D. C, No. 26 Utah, with its farming and industry, indus-try, represents the "complexities of the whole nation. Senator Elbert D. Thomas said today in a public address. A full lunch basket in the mines i ncesaary if affrirultura ial0 prosper, he added, because agriculture agri-culture gets its share of the state's wealth by filling thejniner's bucket The Venator, indirectly urging renewal re-newal of the silver purchase policy when it expires December 31, described de-scribed silver as "the key to western west-ern mining activity" and a currency based on metals as "the surest guarantee guar-antee of the preservation of American Ameri-can democracy." 'The minute copper . . . falls below be-low 7 cents a pound, or sine or lead below 4 cents a pound, copper, sine and lead mines have to close because be-cause it costs more than that to operate them," Senator Thomas explained. ex-plained. "But if in a ton of rock taken from a copper or a lead or a sine mine there can be found from five to eight ounces of silver at present price of newly mined domestic silver, sil-ver, one can readily see that the mppr, zinc ancLkad mine can., be. kept running ... if the silver content con-tent and the price of silver are high enough to cover the losses on copper, cop-per, sine and lead." The "slight aid to mining" extended ex-tended by the silver purchase policy of the United States government "makes mining possible and keeps thousands of men at work," the senator added. 'The amount of silver produced as a result of this aid given to newly mined American silver cannot be estimated, but we do know how much money the government has used in the purchase of newly mined domestic silver since the president's first proclamation. It is In the neighborhood of fll2.705.000. For this ... the United States actually has $187,600,000 worth of dimes, quarters, halves and dollars . . . the government made a profit of about S75.OO0.0O0 . . . and the taxes derived by the federal and state governments as a result of the activity ac-tivity in the mines has more than compensated for the purchase. This simple aid has brought to the government gov-ernment nearly double its cost," said Senator Thomas. |