Show G U G 6 EN HElMS HEADED FOR UTAH Now Inspecting Colorado Plants and Leave for Salt Lake Next Monday EXAMINES MINES DAL WEST POSTS DIVIDEND OF Daniel Guggenheim president of the American Smelting Refining corn com pany Jany S R B Guggenheim member of the executive executive board S W Eccles vice president and traffic manager and Si Simon Simon mon Guggenheim have reached Denver on n their annual tour of inspection of the varIous plants and business enter enterprises prizes of the company It is the intention intention tion of the party to spend this week in Colorado and leave for Salt SaIt Lake on i Monday next Here they will be joined I Iby by John Hays Has Hammond Interviewed hI Denver on Monday DanIel Guggenheim helm heim after telling wh what t would be done in Colorado stated that Mr Hammond was to make an examination of silver and copper propertIes in this region for forthe forthe the Amer Ameran company but he declined to say what properties he had in mind or theIr location He availed hImself of the opportunity to pour a little hot hotshot hotshot shot Into Secretary of the Treasury Leslie LesUe M f ShaW for the evasion of the law with respect to the purchase of sliver silver Why Silver Is Low LowI UI I believe said Mr Guggenheim that if Shaw had followed the law arid and bought silver siler for the use of the government silver would now be worth 75 cents an ounce It is worth 65 cents A law was passed by congress stating that all of the sliver silver bullion buHion in inthe inthe the hands of the government should be coined into silver dollars When the time came that the government needed silver for subsidIary coins Mr Shaw contrary to the law used the silver bullion in the treasury for this pur purpose purpose pose If he had bought silver as he should have done under the law the government would have had to pur purchase purchase chase silver Foreign Governments Scared There is a need for silver by the government rIght now but the secre secretary tary refuses to purchase it What is the result of all this It is simply this The governments seethe see the coun country country try 4 silver go out of its way to keep from buying it with the result that the foreign countries come cometo cometo to the conclusion that it is not a good thing btty uy Shaw had purchased silver as ashe ashe he should have done when the govern government mont ment actually needed it the moral re result suit sult would have been very great and the demand for silver would have been so great that the price must have risen Mexico you remember sold worth of silver not so very long ago and I am confident that if the United States had bought silver when it needed it the government would not have sold that amount The result of the whole matter has been that foreign states have c come meto to the conclusion that It is not a good thIng to buy silver Secretary of Treasury Censured If Mr Shaw had bad coined all the sil silver silver ver bullion Into silver dollars at the rate of a month as the law required silver would have rIsen in value The foreign governments are melting down their large silver coins and they are converting them into sub subsidiary coin when they would in all probability have been in the market for new sliver silver I believe that the s secretary of the treasury should be censured for thus evading the law He Is continually insisting on not buyIng silver and he heis heIs is trying to have a law passed that will prohibit Its buYing I think that the matter should be called to the aUen atten lion of the senators and representatives fives tives of the western states and that they be Informed of the precise situa situation situation tion I thInk too that the westernS western people generally should take up thIs agitation to have the government buy silver when it needs It and to pro the secretary of the treasury from evadIng the law to give silver a black blackeye blackeye eye |