Salt Lake Telegram | 1932-04-12 | Page 17 | Bimetallism Plan Hit by Economist

PLAN HIT BY ECONOMIST WASHINGTON April 12 John R-John oh Janney who thinks think the American America Society Society So So- So of Practical Pradal Economists Economist which he represents represent is necessary to counterbalance counterbalance counter counter- couter- couter balance the theorists theorist told a house committee today that silvers silver's siver's price could not be stabilized through though an in in- in conference to consider bi- bi When you say the dollar dolar shall shan be 2322 grains of gold you have fixed its it value he testified You can c not say that tat a dollar dolar also shall shan be so sa many man grains of silver siver In the 1 last hundred years he said has failed because when nations wanted to force down commodity corn com prices they would discard either silver or gold increase the value of the remaining monetary basis and lower commodity prices Any agreement as to the future would have th the same result re ye suit sult he said