Show LVER WILL STAY ABOVE 1 L k OPINION OF U. U S. S MINT MAN JL the price of or silver will not go goone 0 one dollar per ounce within I next seven years cars and probably for foi time after that is some of or the thc vs l s e brought to Nevada by Ray Baker director of or the tho United es cs i mint who Is la in Reno Heno en route loute fan jah 51 Francisco for tor the tho annual aching ac- ac hing of the mint at t that place ithe the Gazette n accordance with the terms of or Wittman Pittman silver bill said Baker ave lae ia e melted incited 70 silver dot dol- oland ol- ol Jand and of or this amount es have been shipped abroad abro Uy to India having ln been purd pursed pur- pur sed ed d by England for the Indian acIn act ac- ac t t In tho the war wIt with willi i Germany Tp Ji J to the thc present time I have not based a single ounce of oC silver to toce ace ce tho silver that has been molt molt- inI id shipped hipped abroad rho Pittman silver bill provides Ides that th tt ounces of oC sliver silver shall be beted cd ted for shipment abroad and antl other poses an and that it Il shall be bc r replaced I sliver silver purchased from rom American lucers at a price not less than 1 ounce To replace this silver I lid ld I purchase se er c every ounce prod pro- pro d d in tho United Stales States would auld ro- ro I oat 0 at nt least five years cars cara But It would re I utterly Impossible for or the govern govern- overn- overn I It t to purchase all tho the silver prod prod pro- pro d d in the United States For this I Ion In on on n It will require a a. somewhat tt ier ier er period of or time lime than five years estimate is tint that tho the price of or silver silvere k e be stabilized at 1 an ounce for forast foreast foreast I east ast seven years S SUIn Some Production this his of or cour course e Is based on the as- as that Con Congress ress does docs not re- re Ithe l. l thc Pittman silver bill And my ment ent based balled on personal IS IS s at Washington and m my relations h 11 1 leaders In Congress Is that such euch is 19 not nol at all likely to toe e e. e or whatever er element clement at at- P 3 to repeal the tho Pittman bill or to fix Ix tho the price of or sliver silver 13 is ib lJ to run up against a CL snag that n not jot t bo overcome o he rho total production of or silver In i entire world last year wax was a about out ounces ounce and of or this the ted tea d States produced ces These Thello arc ore the figures In conton con con- ton with ith tho the silver situation Theman The Tho man In bill provides that the tho silver cp 0 i that melted under the thc terms t the ne e bill bin shall bo be purchased In the l teL fL ll States Practically Pr all the till sit Produced r In ln the United States in J five years would bo be required fi tho I replacement and that he rc basis for m my statement that till sll- iii not hot go Sf below a dollar an antho cc c In tho next seven years jear cr Said cald that he has lias Instructed t 1 t- t I the mints to t take ke silver July 1 at the prevailing market price less the fraction fraction frac fmc tion which is now running about an and 1 10 an ounce When the price drops rolls to 1 nn an ounce he will begin In buin buying un under er the Pittman bill Immediate Imme immo- diate latel Coln Coinage in ht the tho various mints last tact year the tho mint director says was from J per cent to 00 per cent above that of ot the previous year I The annual accounting of ot tho the mint at lt Denver was held a few Cew days ago Baker Balcer stopping there for Cor that purpose Relative to the Carson mint the tha director di director dl- dl rector says bays there is nothing to give giveout giveout giveout out at this time The salary of the assayer a cr has been Increased but un unless unless unless un- un I less there thero should be bo a very verj large Increase in increase In- In crease In the tho production of ot silver and Increased demand for tor silver coinage colne i there is ia little of or tho mint taint being reopened I That ho docs does not Intend to be a candidate can can- for tor senator next year 3 ear car Is another er cr statement made by nal Baker er Ho He says Sl'S sa s I however that at some lime timo he hopes to be bo A candidate for that thal office I I do not want to run for United States senator next year car said Baker Bakur i and anti I never will be bo a candidate j I I against Senator Pittman lie Ile and ind I I. I as we wo always have ha In the past aro are working together along alone political lines and ho he is my closest t personal friend i iI I regard ard Senator Pittman as ns tho the real Democrat leader In the present Senate Some day da however howe if It the people of ot the state feel I am m worthy of or the high honor I have an ambition to represent Nevada Ne my native state in the tho United States Slates Senate But I do cIa not intend to I do not want to be bc a candidate next year ear car I 1 expect to bo he out hero here however however how how- ever er during the campaign with my J wife wiro and family J |