Salt Lake Telegram | 1931-06-01 | Page 9 | Senator King Visions Silver Stabilization

SENATOR KING VI VISIONS ION SILVER ILVER However Utah Solon Advocates Advocates Advocates cates Reduction of Commissions Com Corn missions Although characterizing stabilization stabilization stabilization tion of sliver silver and its us restoration to toa a monetary status as the primary means of regaining world wide prosperity pros pros- perit Senator William H lL King Monday declared that the people of oC the United States can accomplish much toward working out of the present depression by exercising a rigid program of thrift Declaring that an on Increase in federal federal federal fed fed- eral taxes was imminent because there is no hope of sufficient Immediate immediate Imme imme- diate economics economies to keep from Increasing in increasing In In- creasing the already big deficit the senator ad advocated ted a reduction in the number of bureaus and commissions Senator King arrived in Salt Lake Monday morning from Washington D. D C C. to make arrangements to spend the summer here He will return to New York and Washington for business business business busi busi- ness conferences the latter part of this week and will wUl return here with his family late in June FEELS CONFIDENT Senator King expressed confidence in the ultimate stabilization of or silver either by an international conference conference confer confer- ence or through some other means Senator King believes there is a possibility that silver slIver may be temporarily tem tern stabilized around 50 or 60 cents an ounce by a selling agreement agreement agreement agree agree- ment among several of the Important powers pending an International con con- ference BRITAIN RED PREPARED J B. B Darling director of oC the Midland Midland Mid Mid- land Bank of Great Britain has been beell quoted as saying that Great Britain and her dominions could accomplish such a stabilization without the aid of other nations It is my mr belief and a belief beliet shared by br many leading economists and bankers that if England the United States Canada and Mexico should enter an agreement not to sell silver under a stated price say 50 cents an ounce the price would Immediately attain and maintain that level One of my chief reasons for re returning returning re- re turning to Washington this week is isto to confer with Mr Darling who is just completing sliver silver investigations investigations' In Canada 0 While flatly opposed to repeal or orthe orthe the Sherman antitrust law for which there Is much agitation at the present present pres pres- ent time Senator King declared he thought there was much room for Improvement and that his subcommittee subcommittee mitt was drafting a bill bUl for presentation presentation presentation pres pres- at the December session of congress WILL MAKE 1 STUDY Senator King said he would devote de dc vote much of his time here this summer summer summer sum sum- mer to an Investigation of or the application application cation of the antitrust laws to the metal mining Industry Stressing the importance of development de development development de- de of the c Colorado lorado river upper basin states In connection with the Boulder dam Senator King de declared declared de- de dared that the interior department soon will be at att work ork on pI plans am This work for which an appropriation of or was made Is important to fortify these states against Mexico for any water which may pass out of the United States he said Senator King will be a 0 guest of the members of the Salt Lake stock exchange exchange ex ex- ex change at a meeting in his honor Wednesday noon at the chamber of or commerce Senator Reed Smoot also will be present