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Show MINING OFFICIALS HEAR AUTHORITY ON BIMETALLISM Silver ' States Mining Men Told Silver, Good ; Money Base "T"' Bimetallism Is the answer to the world's demand for "cheaper sound money" delegates to the American Mining congress, western west-ern division, were told by Reno Leon, internationally famed monetary mon-etary authorlay. When silver is accepted7 as partner to gold in the base of the world's money system nations na-tions can safely enjoy "an '"ecoh-omy '"ecoh-omy of abundance.", ' ' Senator Key Pittman of Nevada, Neva-da, long supporter of Interests of western silver states, also spoke. , "Silver has all the characteristics char-acteristics which make gold a good money base." Six reasons which Mr. Leon listed as giving a place on a par with gold in the monetary systems sys-tems are: 1. Silver, like gold, has real or labor value which makes it sound. 2. Silver U time tested as a money metal. 3. Silver is peculiarly- suited to the needs ot the masses of individuals of low estate and modest needs throughout the world. 4. Silver Is already In posses- si on of countless peoples, so Its remonetizatlon at a fixed ratio to gold will automatically effect a redistribution or gold now difficult dif-ficult because of concentration. 5. Silver, because of its many sources of production, will make monopoly impossible and put 'an end to the manipulation of price by the manipulation ot money. 6. Silver will provide, with gold, a volume of real money. According' to the Telegram Mr. Leon was an advisor of President Presi-dent Roosevelt of his powers to close the banks back in 1932 when the president invoked tha gold embargo. |