Show DECLARE BILLj MADE TO KILL SILVER MINE J Question Raised as i of Measure Insistence by tho ho McFadden hill bill I that hunt this measure must roc t special consideration In the Hons hIo- Representatives at Washington i created concern among those wha familiar with tho tito silver situation I tills country anti and Its Ita relation to I larger question of International fin anti and trade Coleman say or of York One authority brands tho tho thoas as a deliberate conspiracy this country and especially the agat aca eli ali eliI I 1 producers Another authority hu that It Is more favorable to foreIgn who buy Sliver silver In this I country th tha measure recently Introduced In the of Great Britain This II- II R. R n proposed to amer amend tl act of April C 13 1918 1318 alon along along- 6 1 following lines fl 1 To abolish the silver dollar n with It time tho U. U S. S treasury SlIver silver d and to place American cu rency beginning with th the dom lion tion o 01 51 1 and upward entirely on gold basis basis or or paper Xo No American i a ver dollars luave been coined Sit sir 1903 and and silver cat cate are already almost extinct 2 To continue silver currency to the subsidiary coins namely h dollar quarter and dime This tj been a fact act although not a law i fifteen years 3 To reduce the amount of ofin in these theo subsidiary coins leavin actual coins of tile the same size a weight but containing only SOD SOO ij per thousand pure silver In the alia instead of fine as herd betel fore This would make one ounce puro silver enter into 1553 of u coins instead of 1 as 1 1 To abrogate the silver rep chase chas contract of the baus law April 23 1318 This law permitted ti U. U S. S treasury to come to the aid aid- of our armies during th the through hue melting do of 23 IIO U. U S. S silver dollars contain ounces silver of w about silver dollars to taming ounces pure were to bo melted down and the sold to Britain and amid British India India- maximum price per ounce j Pittman Jaw provided that the eth thus melted down should be rest j subsequently to the tho U. U S. S treasur no specified time but at a price of per ounce The McF McFaden den bill alms aims to make it no bo j compulsory to restore this sliver silver to t treasury nor any part of it It at a time or at any price price- 4 Prof J. J H. H Hollander of the depa mint of economics of Johns university spoke before the House su j the tho gist of his l li i in Ing to the thue effect that an effort shot be made to restrict the liberal usel paper laper unsecured money such ast new nell federal reserve note Issue LV ITt notes etc amid and lo to place a a. gold security basis back of the tho pi notes In circulation The of Professor 11 II landers lander's remarks was a little to banking circles in iii that an In unsecured paper would be mental if over silver dollars n nin nin in circulation or in the U U. S. S were eliminated It Is pointed out that the U. U S. S ire ury has already lost host near on the sale which was waa gift to tho British mint and to Bri Br lit i ish India of ot the tho sliver silver melted do doi i under the Pittman law and consist I to India and Britain nt at ounce The McFadden bill Is looked upon some quarters as a a. thinly masked gb measure which alms to 01 vert to India and to Britain theil the silver of the United Stal Doubtless the ounces sil contained in U. U S. S sliver silver dollars s t remaining remaining- would be sold silver dollars would be no mID longer sary I on the McFadden bill coi almost simultaneously with a revisit of the value of tho India rup break in iii China exchange a bear ra raon on oil the sliver silver market by London cp J who are arc already selling expect tho sliver silver still Ii in the 1100 U L' S. S tre ury tiry silver dollars |