Show OUT FOR SILVER 1 r 5 4 v f John H Hays Hays' ys' ys Hammond I NOTED ENGINEER WANTS CHANGE Stabilization of ot of Metal Held Remedy for Trade Slump I Imy my By Associated Press Frest I WELLESLEY Mass Sept John 8 Hays Hammond of Gloucester Mass and New NewYork York widely known mining engineer would have hav the he people of the he world exert their Influence in be- be half half of the rehabilitation of silver One cause contributing to the prevailing prevailing prevailing pre pre- economic and financial depression depression de de- he told delegates to the th nineteenth annual national business conference at Babson institute is the appreciation of ot gold in gold standard standard standard stand stand- ard countries and the depreciation of of silver in silver standard countries This condition could be remedied by many authorities by the rehabilitation of silver through a reasonable stabilization of its value in n relation to gold QUESTION KEPT KEPI DARK The silver question is one which has las not been adequately brought to the he consideration of the general pub lie ic A campaign of ot education by an organization Interested in world trade should be formed consisting of cotton manufacturers textile manufacturers b automobile manufacturers petroleum producers metal producers farmers and ind many other classes of industrial industrial- who are in an important degree concerned He would form the organization he said aid said to carry carryon on such a campaign so o that the people of the world could recognize their interest and exert their heir influence in behalf behal of silver rehabilitation Silver Hammond said might perform a most important service in supplementing gold as a monetary basis for a worlds world's medium of ex ex- change hange GOLD DEFECTS NOTED Even though the gold supply should hould remain adequate that metal has las certain defects detects that unfit it inmany Inmany in inmany many vital areas as the sole basis of at circulation The rhe Orientals Oriell ls and other back backyard backward ward yard nations ns for lor exam example pie require currency of that they may nay adapt it to their methods of sav say ing ng It must not be of too great value ort wilLbe beyond their reach They the paper money miney though l ts-ivalue ts tue U They can Continued on pU Three NOTED ENGINEER WANTS CHANGE I Continued from Page Pue One not visualize It as treasure and it is not adapted to their sort of hoarding Two major important facts on the opposite sides of the globe are apparent ent The first one is in the Orient where no silver is produced but where silver is still the basis of monetary monetary mone tar tary transactions and the second is in irs America where most of the silver silveris is produced and where United States capitalists control about 70 per cent of the output |