Show SilVER lOAN IS SUGGESTED AS GERMANYS GERMANY'S AID International Commission Advocates Advocates Advocates Ad Ad- as Salvation PLAN IS SENT TO HOOVER F. F J J. J Cannon First Senator From Utah Leads Fight By WILLIAM 1 H. H BAILEY United Press Staff Star Correspondent DENVER Colo Cob July A 16 16 A restricted restricted re re- re- re for tor Germany based ased upon a 3 loan by the United States tates of from to ounces of or silver has been advocated to President hoover Hooter as a a. way out Ut of ot the existing world financial I crisis The International silver commissIon commission commis commis- sion ion composed of leaders In the fight I for stabilization of silver as a world coin in a letter to the president suggested sug the loan The commission In Its letter pointed out that a surplus of ounces of at silver sliver in the world which was not filling mUng its historic money service was one of ot the orIgInal onig inal ma and prime causes of the depres sion slon The commission pointed further that a loan of at ounces of silver to Great Britain In 1918 1018 which immediately was coined Into rupees for tor India saved India to her em pire pine CANNON LEADS FIGHT Frank Prank J. J Cannon chairman of or the commission on the first senator from the state of Utah painted the picture of ot the thc plan for the United Press to to- day The white haired old warrior who has fought the fight of or silver for 35 years by coincidence gained his first knowledge of through study in itt Germany years ago Germany has told the world she has been unable to work her financial finan cial dat problem on the gold basis he declared Further loans of or gold earmarked for foreign settlements only can never stabilize Germanys Germany's Internal This committee has hIlS suggested to President Hoover the advisability of making this loan of at silver to Germany Ger many for a year 20 period at low interest in terest rates to be repaid In weight by ay Germany It is our belief sufficient slIver silver could be loaned Germany to permit that harassed country to establish the sliver slI mark with a st statutory t tory value in Germany of ot 24 cents for use only as internal coinage BASED ON FAITH FAIT In our own United States the present actual value of or the silver sUver dollar which Is accepted at its face value alue without question throughout this country countr Is based purely upon the faith of ot the people in the strength of at the thc American government government-a a a. faith alth Continued on Pare Two SIlVER LOAN lO N TO GERM GERMANY NY URGED Continued from Page Pace e One amply upheld during the period of the world war when United Unit States money deviated not riot a hair from its par value alue Such a plan our commission be be- could be worked to advantage ge gein in Germany With the weight of the German government placed squarely behind its sliver silver marks and their value as money In Germany set by statute the German people could again secure the necessary amount of money they need for their Internal internal Inter inter- nal trade The international silver slon sion in addition to Cannon is composed com posed of W. W Mont Ferry Frank Prank B B. Cook George Georgo W W. Snyder all of Salt Sal Lake City and Caroline Evans one of the thc few women experts In the world and Robert C. C Lane Lanc o of Lawson Colo Cob I |