| Show THE m SILVER LW the now silver law goes into effect this month and there seems to be beneral doubt as to the amount of silver that will bo purchased the director of the mint has expressed himself on tho question the full amount of 4 ounces a month he saye will be purchased as the law demands and the regular market price will be paid for it provided that the price does not exceed the of 1 grains prescribed by the act for this silver the new treasury notes created by the law will be exchanged and the notes will of course be added to the currency and increase the volume of ibe ci cu lating medium no money now in the treasury will bo used in the purchase of the bullion but instead silver notes will be issued in redeeming these notes the currency not necessarily need to be sil ver it is left to the discretion of the secretary of the treasury as to whether to redeem the notes in gold or sil ver under these circumstances circum atances seen that he can influence the market value of silver to a grcar extent if the notes are steadily ro deemed with gold silver must necessarily rise but on the other hand if the redemption is made in silver what will be the advantage of selling to the so emment the believes from that the very fact requires a monthly purchase ofa ounces to be madei twill prove a groat boom in the price of which will of course be a bif thing for utah chero the mining industry is of such paramount importance in n few days the act will be in operation |
