Salt Lake Telegram | 1934-06-14 | Page 1 | Silver Buying to Begin Soon

SILVER BUYING TO BEGIN SOON Measure to Receive Presidents Presidents President's Presidents President's dents dent's Signature Within Next Few Days Day With only the signature of dent Roosevelt necessary reports from Washington D. D C. C today india ind the silver purchase bill vital Vila to lo western mining development t would become a law within a few le days das W. W 1 Mont nt Ferry president of th the Utah chapter chapler of the American Mining Min Mm- lin ing lag congress received word from Senator Senator Senator Sen Sen- ator Key Pittman of Nevada a congressional congressional con con- gressional silver leader that the house hous had concurred in senate amendments His message and Associated Press dispatches both bolh predicted that signing of the bill is only a few days off oft Then at the administrations administration's discretion th the treasury will acquire enough silver silve to make it eventually one fourth o othe of 01 the metal stocks backing the cur cur- rency reney New currency is to be issued L on all the silver acquired Senator Pittman in his message t to Mr Ferry explained There is n no doubt that while silver will be controlled con con- con I trolled d to lo an Oln orderly advance by b- Ih the president it will vilI ultimately reach an ounce The act Is mandatory mandator and requires the president to lo purchase purchase pur pur- chase at least one billion ounces of o silver which he has said he will do This mit is the completion of the third thin step in the return to the situation that tha existed prior to 73 Congratulations Our troubles are over Local mining men were enthusiastic over final passage of the measure b by congress and high In their praise o of Senator Pittman Mr Ferry reflected the general attitude in his statement