| Show PITTMAN SILVER PURCHASE HASk ACT DUE TO EXPIRE BY JULY FIRST according to a washington press dispatch predictions that the treasury requirements of silver bullion purchased under the pittman act would be fulfilled by july 1 were made on march by director acobe of the mint he said that about fine ounces remain to be brought under the act and estimated that with silver production averaging between and ounces monthly purchases during the next three months will make up the amount needed the purchases will stop abruptly when the requirements have been met and for that reason the director said every effort will be made to assure to american miners the full benefits of the act up to the latest possible date while not guaranteeing it he declared that the policy will be to see that the miners obtain to the finish the price of 1 per ounce 1000 fine for their product additional restrictions are being promulgated in the direction of aiding american miners to obtain the price which is fixed by the law the directory directors statement announced noun ced it added that so far as it is preventable there will be no discrimination with re regard ard to prices in the various sections of the country every effort will be made in closing purchases under the pittman act the statement said to make bufe sure that the american miners receive the benefits of the act up to the latest possible date and that so far as practicable the thet miners continue to get affet the fixed price of 1 an ounce for their silver until the same date in all sections of the country without discrimination as between sections with this in mind the director of the mint has always required in connection with purchases of silver under the act supporting affidavits from the american miners showing that a limit has been made with them on the basis of fixed price of 1 per ounce adjusted to the equivalent price of silver fine and cost of delivery refinery to mint in handling the remaining purchases of silver the director is imposing b further restrictions applicable particularly to the larger sellers of silver that will assure to the miners payments on the basis of 1 per ounce to the vastest possible date throughout the country and the simultaneous discontinuance ti nuance of such payments when the limit limi under the he act has been reached |
