Show TO FIX SILVER PRICE washington april 8 A bill is being prepared by the director of the mint and will be introduced in the senate and house of representatives within a few days virtually fixing the price of silver at 1 an ounce while the bill does not in terms fix the price of silver it empowers the secretary of the treasury to go into the market and buy a vast quantity of silver for coinage at the rate of 1 an ounce the effect will be to fix the price of silver and to encourage the development of latent silver mines and low grade properties this bill is the result of a series of conferences feren ces which director baker has had with several senators from the big silver producing states only when the price is so fixed it is agreed among western senators will silver production be stimulated with the administration back of the bill its early passage is expected much of the silver bought will replace the silver dollars recently ordered melted down |