Show j i SILVER SIL VER WOULD RISE QUICKLY Review Re Re- New York Financial view Quotes Senator From Front Utah Recently the Financial Review Re of ot New ew York contained the following ln on the present live e sliver silver question It appeared under tinder tho caption Demand Removal of or Silver Price Limit Members Members Mem Mem- Insist That bers Ler of ot Business League Prevailing Government Go Price Was as a War Period Measure l and a Sacrifice by Producers The article follows In a somewhat remarkable docUment docUment document docu docU- ment on the slIver silver situation issued this week by the Silver r League of or America the statements aro are made that the government gO gov price of ot an ounce originally U 1 1 was as Intended and regarded by tho lawmakers at Washington as asa asa asa a war period measure that this price did not particularly benefit silver companies com corn of or this country countr because the they could obtain higher prices in the op open n ni i market and that a continuance o of the I present government price is preventIng preventIng preventing prevent prevent- ing free operations in the tho business re relations ro- ro lations of oC Chinese Clinese and nd East Indian merchants meT meT- chants with those thoo of ot this country The Tho suggestion is made by tho the league that either go government price restrictions be removed so that a free and as the they think a higher price ma may result or that the time government gO advance the fixed price to I. I Reference is made to lo the statement made b by Senator Smoot of oC Utah when the tho Pittman act was passed In the Senate Senj Sen Sen- ate April 19 1918 The Thc Utah senator at nt atI j I that time declared despite Senator Pittman's own opinion that this act might benefit silver companies companie that ho entertained the contrary view that It was of or no advantage to these to-these these Interests Interests Inter Inter- ests because operators operator's were convinced convinced con con- vinced that silver would bring a mu h higher price prie in an unrestricted mar mar- ket Should the government follow fonow a ahan han hands oft policy said Senator Smoot the lie price would advance to a an ounce The United d States is in no shape to allow the export of at its gold and neither are cur ur allies All tho they have got they must l keep cep Although we have one-fourth one of at the tho gold in the tho world wo we have ha none too much In reply to Senator Pittman's declaration declaration that minors miners wanted a a. stabilized stabilized stabilized sta sta- price Senator Thomas rhomas of oC Colorado Colorado Colo Cob rado Informed Inform d him that ho need not worry worn about tho the meltIng molting down lown of ot dollars that if It the they went to India as he Senator Pittman stated it would mean that the they would not come comeback comeback comeback back and the tho demand for silver would only become more critical Developments of oC the past eleven ele months have ha corroborated the attitude o of Senators Smoot and Thomas |