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Show COINAGE OF SILVER 15 HELDNEED 'Alfalfa Bill' Murray Outlines Position On Currency. By DAN ROGERS United Press Staff Correspondent OKLAHOMA CITY, March 21 (U.R) Gov. W. H. (Alfalfa Bill) Murray of Oklahoma favors increased coinage of silver, but is not seeking the Democratic presidential nomination nom-ination on Bryan's "16-to-l" platform. The Oklahoma executive clarified clari-fied his position on currency re- form in an interview with the United Press before he left for a speaking tour of the old south. He denied the charges of eastern writers writ-ers that he'iwas a "reincarnation of William Jennings Bryan and was sending delegates to the national convention Instructed "16-to-l." "There can be no dispute about both goldi and silver representing value. Bank notes should represent repre-sent a limited portion of the value of some product, plus an actual reserve of money. Need More Coinage "Since there is not a sufficient amount of gold in the world to do this, without a diminution of the amount of money in circulation, it would seem essential that silver be added-, as was intended by the constitution of the United States. "The government should coin a sufficient amount of money, gold and silver, to take care of' the normal nor-mal business of the country and sufficient to become the basis foi 'token' money, through bank currency cur-rency or notes. The world will suffer until this is done." Murray warned, however, that in his mind, additional coinage of money is not as important as "breaking the chains that bind credit." - t I "Whatever the amount of money : coined, if it be controlled by one group, the effect would be the same. Breaking of the chains that bind credit and increase of 'coinage' should go hand in handi. |
