| Show Steps to Aid Silver To Be Taken Within Year Ferry States Utah Delegate Tells of Success Success Suc Sue cess of Efforts at Two Meetings Corrective steps to improve the world economic condition b by stabilIzing stabilizing izing h sliver silver r probably will be taken during the current year ar This in the opinion of W. W Mont Gerry rr is the most important phase of the consideration of the thc silver sUrer question ques ques- tion Hon before the United States Stales chamber cham cham- ber her of or commerce at Atlantic City and the International chamber of commerce commerce com corn merce at Washington D. D C. C Mr Ferry returned to Salt Lake Tue Tuesday ay morning mornin after serving on Important committees at both meet- meet Ings He had high 1 h praise for the theof work of Gus P. P Backman general secretary of the chamber of commerce commerce com corn merce at the Atlantic City meet and for the efforts of Dr Dorsey A. A Lyon of the U. U S. S bureau of mines These two with Mr Ferry constituted Utah's delegation Mr Ferry found there was as much misinformation among delegates on the subject of silver er There was wa little realization of or the importance of or allver silver all sil ll- ll ver in the world economic situation and little ittle interest in it When the Utah delegates arrived they found the entire west united in sentiment and prepared to pu put up a strong front frontin in all committee and general meet meet- ings They found immediately that discussIon discussion discussion dis dis- dis- dis of any question into which politics entered in the least would be taboo and decided that it was Imperative Imperative Im Im- Im- Im that a n. resolution reach the floor loor that would the importance importance im im- irn- irn of sliver silver from the standpoint standpoint standpoint stand stand- point of world economics It U was recognized by the Utah delegation that it would be equally important to take steps leading to an international conference on the slIver silver question and Continued on Fal Pace Sixteen I E Y lOOKS m FOR SILVER AID ACTION Continued Store from Put Pace One looking to an International agreement on n a remedy for the problem No opposition was encountered There had been many rumors that organIzed opposition to action on the silver cr Iver question would be bo met but it failed ailed to materialize he said Mr Ferry was made a member of ot a committee to prepare resolutions on the he silver issue Proposed plans were scrutinIzed and a resolution prepared which would present a a. concrete pro- pro osal to the chamber Mr Ferry was made chairman of ot the committee whIch represented western dele dele- gates ates EPITOMIZED PLANS Mr Ferr Ferry was able to show how that his committees committee's s proposals epitomized plans advanced in 30 or 40 other reso- reso which had been studied He Heas was as also able to show that his com com- had the backing of ot the entire western estern delegation There was delay in obtaining ae action action ac- ac tion on on the resolution in ill the re resolutions ons committee owing 0 to rumors that the te st state department would oppose action on the thc silver sliver question because It would bring up the matter of repa- repa rations This was found to be untrue At a round table discussion of the sliver sUver Iver Issue Dr Joseph H H. Holland professor of economics at Johns Hopkins Hop- Hop tins kins university was able to sweep away way much of the misinformation and nd lack of information about silver stIver In i the minds of delegates He presented pre- pre seated a comprehensive discussion of or orthe the he importance of ot the metal It was reported too that New York bankers jankers would oppose action but Mr Ferry Fem was Informed b by an influential banker anker r that there would bl be no organized or- or effort to resist stabilizing sliver Iver ENGLAND SHOWS snOWs HAND llANO England showed its hand bane for tor the first time in hi the matter of reparations reparations ons when the silver question came up p and anti France Germany Bel Belgium lurn and other nations also showed keen een interest In tills this phase of ot the Uon on Another issue that entered into consideration was the tariff Mr Ferry erry said It became difficult to present the thc silver Issue separately lj he said and ando to o prevent it being Involved ed with other oth- oth er r questions Eventually th sliver silver question question he believes es will wUl become mixed in these other matters but it was as kept independent of them at the Atlantic City m meeting The re resolution which Mr Ir Ferrys Ferry's committee finally brought to the floor and which was adopted the importance of th the sliver silver issue issue is- is sue ue as a world question its intimate relation to international trade and the he need for action looking to an immediate Immediate immediate im im- Im- Im mediate world conference The action at Atlantic City helped the he Utah delegation to 10 take a definite deft deft- nite te course at the meeting of or the international in- in chamber of commerce in Washington International business and nd diplomacy were well represented there here Japan China Denmark India Indin In- In din dia la and Great Britain with Sir Arhur Arthur Ar Ar- thur hur Balfour and Sir Alan Anderson Anderon Ander- Ander son on director of the Bank of England were ere at the forefront in every discussion discussion dis- dis of the silver sUver question rUT PUT UT ON COI COMMITTEE The activity of or the Utah delegation brought about the appointment of Mr Ir Ferry to a committee to handle the ic silver question for the InternatIonal International onal chamber of commerce Tills committee committe was empowered to resolutions and present them theTa to the resolutions committee without referring them back to the b general sessIon Th The favorable attitude of F F. I L. L j. j Chadbourne cf ef New York was as of Immense value alua to this committee He agreed greed to 10 recommend to the Uc tive vc committee that it Indo Indorse e the i resolution re This virtually 1 assured Its its its' passage when it went to the floor Ioor There was vas great difficulty encountered encountered In bringing together the BritIsh British British Brit Brit- ish representatives and those from India The delegation from India plainly IndIca indicated d that it was dissatisfied dissat dissat- with the attitude of oC England I toward India This difficulty was adjusted Mr Ferry said and the tho British were finally won over The British attitude was believed cd I to have grown out of or the sentiment of ot Phillip Philip Snowden chan chancellor llor of the I exchequer of England Snowden firmly believes that the silver issue I will disturb the basic credit structure of the world by reviving bimetallism The resolution finally adopted by bythe bythe bythe the international chamber called upon the nations of or the world to recognize the importance of silver stIver in world economics and urged an Immediate immediate immediate imme imme- diate international convention contention While the resolution was not as strong as the Utah delegates desired Mr Ferry Ferry Fer Fer- ry ly said reid the outcome is 15 satisfactory in that it proposes a definite constructive construe construe- tive Uve effort Senator William II It King gave western delegations powerful aid Mr Ferry declared him and through the united front of or the western western west west- em ern delegates efforts In behalf of silver sliver succeeded Mr Ferry said MEXICO NOT REPRESENTED While Mexico for an unexplained reason was not represented at the time international gathering Mr Ferry cays Sal's s 's that the western estern delegation had private Information that the Mexican government was intensely interested and would give gire full cooperation It is impossible to say the attitude of the United States will wUl be be Mr Ferry said but It appears probable probable probable able that the state and treasury de departments departments departments de- de particularly and the presIdent president president pres pres- ident himself are reluctant to carry carryout carryout carryout out the tho desires of the senate for a silver conference because they fear the reparations question will be In in- in The United Sta States s will not open a discussion of this question China Chinn is la probably ready now no noto to call calla a conference Unofficial diplomatic conversations between the state d da- da and foreign governments In Washington ton have ha been held t to obtain the attitude of the powers Our government gov gov- is not dormant b by an any means My own considered opinion Is that things are now moving toward a definite world orld program on sliver silver King Urges U. U S. S to S-to to Propose Silver Pegging WASHINGTON May 12 A JP-A A suggestion that the United States propose to the Interested powers the pegging of the price of silver sU at 50 cents an ounce pending the call of or oran an International conference to discuss discuss discuss dis dis- dis- dis cuss the silver question was made to the state department today by Senator Sena tor King Democrat Utah In a conference with Undersecretary tar tary of ot State Castle the senator urged that the United States suggest t I a stabilizing price at which silver fH I ouid be bc sold temporarily until an international conference can deal with the problem He told the undersecretary that In view of the favorable attitude taken by the iut international chamber of commerce at Its recent m meeting ting toward some action to solve the problem problem lem lern the United States government must assume that an international conference on silver sUver will be called caned and must base its actions and policies henceforth upon such an assumption |
