Show I. I ANOTHER INCH GAINED by the world economic conference ASSENT to the tho resolution offered by bj Senator Key i Pittman providing pro for increased uso of silver to be a small in in subsidiary coinage ma may mar seem thing to those of us who hoped for acceptance 4 of the white metal as an important part of an nn international money system But before we wc scoff at the Nevada silver champion for forland landing land land- ing Ins a minnow instead of a a. whale we ye should C 0 compare his catch with the contents o of the theother theother theother other baskets coming home from the confer- confer A thing does not have to be cr very big to be infinitely larger largel than nothing The silver subcommittee seems to have done tione something to promote the tIle only metallic monc money 7 Europe Europe is is iS likely to handle for a long time to u acome It is no small achievement to pre pre- V serve an Ararat of co coin ill in itt a paper deluged I world Common people haye hae never fan fallen en for the thc c bankers bankers' s' s theory that money made of anything but gold is bogus III In every monetary crisis silver is hoarded as readily as gold in preference prefer prefer- This TILlS old age-old habit ence to paper currency Will vilI not be outlived in a day In III appealing to it the Americans are sounding a II note that n may inay grow grow in influence as nothing else proposed proposed pro pro- posed posed a at the conference would have done How long it will take its effects to show themselves will depend on the time required of the monetary 0 for the tho hopelessness present situation to be recognized I In the meantime silver has gain gained d another i inch There have bave been many inches gained in ini i i the the past year or so Perhaps the greatest gain gain is the vast increase in knowledge that fundamental n silvers silvera claims to recognition are in erecting a world monetary system It has J a 8 definite place in the money base and when P P- this his fact becomes patent to the principal nations nations na na- na- na Hons silver will in its own right take its place along long side gold liberating a world-wide world purchasing purchasing pur- pur chasing power and international I trade Appreciable progress toward this goal k has been made suf sufficient indeed to greatly encourage using silver-using peoples everywhere |