Show IT SALT LIE LAKE STOCK I BROKERS ASK FOR MONETARY of Metal Urged as Cure for Economic Ills Holding of LUver u be vital In the prosperity and to o the world members of the Salt Lake stock exchange Tuesday adopted a a. resolution calling fo for a to international conference to restore the white metal to its former mon n. tary position The resolution will be sent to P. P dent ident Hoover and copies to the Ut Utah congressional delegation asking their cooperation in securing the conj confer ince The resolution was was' presented bv h b W. W H. H Eardley assistant manager of the United States Smelting Re 1 Mining company after he had o out lined the silver situation in an a ad dress at the exchange banquet at the Newhouse hotel Mr Eardley briefly traced the b history his his- tory of silver and showed it to be th tho main factor in most of the world s panics and depressions Our present ills In relation to D. D vcr ver date dat-c back to 1872 Mr Mc said when the United States demonetized de' de demonetized de- de and other nations followed the same course and cio closed mints to free coinage of the metal Tile The action of England in its silver coins from 92 3 1 fine th the placing of India on a gold the civil wars In China all have be been factors in throwing world economics out of balance and were directly re- re for the panics of l 1303 1895 1896 and 1907 and the depressions of 1922 2 and 1929 Mr Eardley recommended the te placing of all silver coinage ba back upon a basis of 92 2 1 fine India to a sliver silver basis of all nations in stabilizing China and agreements among nations not to dump silver on the markets as necessary nece- nece sary st-ens st to restore world J. J A. A Barclay president of the exchange ex- ex change was chairman of the ban ban- mint in Ill his h's opening address he spoof spoke of 31 th tv exchange exchange- activities of the roast nast present and urged the il 7 to work toward the enlarging of Sr th 11 r r-noc of 9 th market r- r IsUn of local Industrial stocks Fr r features were rere i naM character sketches of ofin in rs in a humorous vein by Par Pars s. s the Hie Senator From flora Froman an nl vocal solos bv by Mrs on md selections by the orchestra H H. FJ 1 Havener Havenor was was' The in js' round ta table ta- ta ble hie Hission led by W D D. 7 n 7 Lynch Lester Lster Rankin Geore anti and George B B. Doyle Dovle chairman chair chair- man of various exchange committees committee The members voted to hold mu- mu lar meetings in the future sf hrh problems of the turl business would be dis- dis d Informally M flovie ps i PS of th the ri w by I. I D. D Lowe and W. W H H. Clark |