Show I 1 GE GERMAN M N SILVER A Coinage Plan Would Take Forty Million Milon Ounces of White Metal Dispatches stating that the thc German Ger Ocr man government Is I about abt to force to circulation approximately ly pieces of ot silver sIver money newly newl coined cie by the caused Salt Lake mining men to wonder where the he silver siver would woud be obtained The mc Te latest analysis of Geran Germanys Germany's s shard hard lard money supply available here hereL Is L that given In i the report o of th the dl di rector of or the United States Stats mint mit for 1030 I conditions that exIsted ex ax e. e 1 Isted d In I the year ear 1929 The T bank at that time held only worth of bullion bulon No other reserve of virgin virgi sliver silver was wa reported reported re re- re ported The rest of the silver sUver In I the country was In I the form of ot coin The Te held silver Iver and were In i circulation a total of Imports of silver siver were equal to and exports to a l net t gain of f The Te silver i er production pro pro of the ducton country W was estimated at ounces Total silver siver coinage b by the thc German mint mints In i 1929 was wa given at pieces chiefly 3 and 5 coins That Tat most mot of ot the minting was wa of old silver Is shown by bi the te note that that hat ounces ouces of silver iver were I used for For one may read rea debasement the ob of being beig to reduce by bj half the silver siver content of the coin B By watering Its It money Germany Isable Isable is isable able to t make a silver sl er with only grains grai of ot silver sl cr or with wih one ounce of ot sliver silver siver To mint marks mark of or the present fineness fiene would woud require 40 40 ounces ouces of sliver silver At present sliver silver siver prices prie th the quantity quan thy ty mentioned could be bought for about abut In i gold but somehow somehow some some- how the pa payment ment of gold for silver siver does not seem to fit t into It the picture The primary purpose of the sliver silver si er Issue issue is Is- sue is i to save save gold Under th the prevailing fiscal policy In n German currency either paper or sliver silver siver Is redeemable In gold But the government probably probably has discovered icv ered cred that tat paper is much more likely to t come In i for conversion than Is sil sl sil- sil ver cr The Tile substitution of coin coi for bank banknotes banknotes banknotes notes In i the payment of or wages and ad the ordinary transactions of dally daily dall life le lemay may reasonably be expected to t reduce materially the pressure presure on the therea treasured treas treas treasured gold reserve of the republic Silver therefore would bein bei many ways a desirable substitute for paper currency In the event that It can con be obtained for something other than tha gold gold The Te Impression persists persist that Germany German If it I It actually contemplates the dissemination of semi semi- silver siver coins ci has ha devised some method meho of getting gettig the silver siver which It has not mentioned In outlining its it plans plas to t the international bankI banking fraternity The Te method meto whatever It is i may be considered a a matter of or special Interest Inter est to t the silver sUver producers of the world |