Show I SILVER MEETING PLAN DEFEATED to lo Tb The TelegrAm W WASHINGTON June 8 Having 8 rejected the original Somers resolution resolution tion lion asking President Hoover to call callan callan callan an international conference to deal with the silver problem and to devise devise de de- vise means of stabilizing prices the house foreign affairs committee today today today to to- day reported another resolution merely merely mere mere- ly approving the activities of the British government in proposing an international conference on price stabilization The action was taken in line with mh Secretary of State Stimson's Stimsons views and was drawn by Representative Somers and Chairman Linthicum of the foreign affairs committee after Secretary Stimson had reported Unfavorably unfavorably unfavorably un un- favorably on the Somers resolution of May 14 14 The resolution provides Resolved That the house of representatives representatives representatives rep rep- does docs hereby approve and encourage the efforts which have been seen made to hold an international economic conference to be participated ed in b by as ns many countries as may be je willing to send representatives for the purpose of considering methods methods methods meth meth- for the thc improvement of general economic and rind monetary conditions The resolution makes no mention of ot silver and its chief significance Is that hat it represents a repudiation of the first Somers resolution which proposed a conference called by the I president resident to bring about revaluation re of silver wherever used as money and as monetary reserves the discontinuance discontinuance dis dis- dis continuance of the debasement of ot silver silver silver sil sil- sil- sil ver and silver coins and discontinuance discontinuance of the sales of silver by gov- gov governments governments the restoration of debased silver coinage to its former formel fineness and ind the absorption into coinage of governmental monetary reserves of additional amounts of ot silver While this has been going on In the house louse no advance of the Pittman slIver sll- sll ver cr purchase bill has been made Inthe in inthe the he senate It Is understood the Pittman Pitt Pitt- man nan bill has met with opposition from Secretary of oC the Treasury Mills l and Eugene Meyer Meyel of the federal reserve Continued d on Page Palle Two SILVER MEETING PLAN DEFEATED Continued From Page Pue One board and Chairman Walcott of the subcommittee in charge of the bill bUl has announced he is withholding his report in the hope of ot getting some administration support behind It Many feel that Walcott has failed in his attempts for Mills I 1 and Meyer arc are recognized as the two financial geniuses of ot the administration Meanwhile Republican senators who have volunteered to write the platform for the national convention next week have Ignored the silver issue issue- At a n secret conference of this group last week it was learned today Senator Sen ator Smoot told the senators the Republican Republican Re Re- publican party part need not attempt to campaign in western states if no nomen men ion is made of ot silver ilver in the plat plat- form fum I Regardless of what the Republicans cans ans do about silver it j is regarded here as certain that the Democratic national platform will contain a silver sil sil- sil- sil vcr ver plank as Senator King of ot Utah Senator Pittman of Nevada and other western senators are constantly pushing push push- inc ing the issue |