Show THE PRICE OF SILVER Regulated All Om the World by the London Market Jill IKCSTOVH rXrUJUTlOS Aimrlciui IloMtri of llnlllon Inlcreilnl In InnVncIng Ilio Market on the Utlicr Side JfBW Yoitif July 2lThe 1011 Waabluxlou corrcipoudont aye Bl much crlllcUm It 1 pueed upon the toiler tf the treaiury lu determining HID price which It would pay for 1Ir bullion and the qeallon Is railed In ao whether the London many quarters market market or the New YOlk ihouta > o used II the barb 1C 1 was tug Rlod t today to Mr Preston acting director of the mint tho wlndom of uiililnlnn clearly to the public the theory upon which the tieaury li pro crrdlllit ere1 claim ulJ 1reiton that In accordance with tho law the price ol diver In the London market moot Iitctmrllyte takers Into ucoouut II II I Ihe 111001 sliver there Hut reU later the prlco of filter the world over The Lon tun rate baa regulated II all through Ihli ruutury and regulalea II now Ibo London rate controlled the coin in rclal value even when the mint of Ibo Latin union were open to the un retlrlctnl coinage of sliver at II i ratio of 161 to 1 The French colim o ratio bad uo fleet alter the doling of the mlutaoriue atln I union to luo un restricted coinage of shiver Ask the banker In Parts Melbourne Caloulla or Hongkong the price of diver and batons antwerlnif ho will cuusult the latetl 1 London quotation The Kogllan market being 10 largaly turn lied 1 by the United Wele tU IIJ lt i we should naturally expect to find nicer clllaler In the United Btatci than London and when wo do not ID fed wo cannot help ImiulrluK lulu the court 111 Is becawe tie tenancy It I bound to follow the law If those charged with making purcunin ol diver for the treasury did not endeavor to aaccltalu whether ha prices cheviot agreed with the market price and If In thai un tieaYor they did not compare Iho illued prices with the price Ih London the world sliver market they would Le derelict lu their duly IICho American holder of liver bullion ore well aware of the Importance Import-ance f the London illveriiuotatloui I find this paiMKe In the London JiwicmWol July It would appear Law ai If the a producer In detested In heeling up Ibe London 1 rice of silver ai II U practically ROY area the price at which the United State treasury must buy III quota of 36000000 curies per month htuu been maultiulatlnc thli market which ie llholdino large Fok of metal i l > comi arutlTely easily Influenced Ivow It the London market It l not to tiu cunaldored lu this matter aa hjiuo cilllci of the trenury claim M by ihould anyone on our aide of the water hare lutcreited In lullucuo ins ill |