Salt Lake Herald-Republican | 1920-05-16 | Page 23 | Silver Question Comes up before U. S. Senators

SiLVER QUESTION QUESTIN COMES UP BEFORE UI U. S. S SENATORS G Germany and France Duto Duto Bue u Bueto to Exchange Melting Money Washington May Iny 15 In sil silver eli eli- si-I si vcr ver prices and the tho possibility that there thore Is a combine to keep down tho the selling soiling solIng soil sell sol sol- ing figure of ot tho the American produced metal were discussed In the tho Senate to today today today to- to day b by western members f Producers ers should know that that the tho American government Is ready to bu buy all nl American produced silver siver at Jl 1 an ounce nce said Senator Senat r Democrat Democrat Demo Demo- crat Nevada Novada pointing out that tho the current quotations were wera below that price I 1 havo been to tho the treasury de department do- do and they aro are now preparing a certificate for tor th tim tho producers to use Wo We melted meled dollars during tho the war for tor silver siver supply and tho the government gov gov- under terms o of the tho law will wil replace that that at 51 1 an ounce even though Mexican and other silver should go to 50 60 cents cent an ounce Thero There has been a a remarkable fall fallIn fallin tal In silver sUver prices duo due I am told to the fact tact that Germany Gormany and France are aro both melting up their silver currency be because because because be- be cause of ot the exchange situation while Asiatic countries are temporarily out out of the tho market Does Docs the tho senator think h he has enumerated all al of tho the reasons for tho the fall fal Senator Thomas Democrat Colorado Colo Cob rado asked I I 1 am sure the reasons I have havo hove given are aro factors In tile iho situation Senator Pittman PItman replied There may be other factors an international combine to bear boar the tho prices but this government I Iam Iam Iam I am suro sure Is not a party to it It ItI It I said I r hope not not Senator Thomas Certainly the same samo old bo boycott cott which In the years ears before the war operated at all al times for tor Its Is own profit to keep down silver siver prices below tho the cost of production Is still sUl at work and effect effectively t y