Show PLANNING SILVERS protection with probably less than a year to go in which tile the government will have complied with the terms of the so called pittman act through b which the ounces of silver bullion and coins were sold to england during the war it is is good to note that senator pittman of nevada senator king kibb 0 y of utah and other western representatives men are actively at work to protect silver and silver mining after the present arbitrary price of the metal has lost its force tentative plans were outlined and various phases of the P problem problem were discussed in washington C about the first of the month when a voluntary senate committee of which senator pittman is chairman be began bean an holding 0 meetings As a preliminary move it was decided that senators pitman and king should corne come west and arrange for a conference or series of conferences with western mining interests so that their views on how best to stabilize the price and perpetuate the use of silver as a money metal might za be obtained A washington b dispatch of the sixth instant stated that senator king had been asked to make inake a study of the international phase of the silver situation and that lie he talce take up the matter with secretary hoover and professor jenks of cornell when the latter should return from europe where lie he has been studying the silver situation for the department of commerce As soon soon as the fall elections are over it was thought possible that both Sean tors king and pittman would themselves go to europe to further invest investigate io ate and gather information on the international aspect of the silver sitt situation lation if the metal mining b industry of this country is to survive as it must it is plainly imperative that something 6 must be done and done quickly to prevent the degradation 6 of the silver dollar and to maintain it as a unit in 0 our ur monetary system silver must be given recognition on some reasonable parity with with in trade botn both gold a period of expansion Y at home and 1 abroad facing us it will be mighty nearsighted near si sighted abated policy to do anything or leave anything undone that av will ill in I 1 any way hamper or retard the production of copper lead and an zinc as each of these is largely dependent on a price for silver silve that will at least hold it up to a dollar an ounce the bulk of the silver mined today comes as a bi product in the copper lead zinc mining industry to destroy its valtie of as a money metal will have a tendency to cut the heart out 0 mining for the base metals and through such action greatly retard r and hamper eve every ry line of industry into which the base has metals so largely enter mines in which silver occurs as the t predominating 6 metal are becoming fewer and fewer and less productive the world over so there is no reason to suppose that no matter on what basis the metal should receive recognition as a medium of exchange an the world would become surfeited with it As a matter of fact practically all commercial countries now recognize its value and as business expands and the world becomes more greatly absorbed in commercial pursuits rather than the pursuit of war so will the demand for silver as money among the ordinary peoples become more acute |