Show 16 1 Sit SILVER VER PREDICTED BY MALONE Nevada Engineer Says President President de dent t Will Issue Order Based on Wheeler Bill PRICE OF FOR FORECAST CAST Roosevelt to Ask Congress to Act Soon Is Belief Br fly United Press DENVER Colo Cob Feb 10 President 10 President Roosevelt will silver in effect by an executive proclamation in the Immediate future George W. W Malone chairman of the western wester states silver committee predicted to to- day Malone state engineer for Nevada issued a statement predicting the presidential proclamation would v resemble resemble resemble re re- re- re closely the defeated Wheeler silver amendment to the administration administration adminis adminis- gold bill The act would be effected by reductIon reduction re re- re- re of the silver siler content of the dollar and Issuance of silver certificates certificates certificates cates for all nIl silver offered Malone be be- Such an executive order would bring about a price of the present pres pres- ent legal rate for silver It makes little difference what form such legislation takes so that silver ilver is made a primary money and the price relation to gold is regulated by law at 16 to 1 Malone said Th The president defeated the Wheeler amendment by sending a special message message mes meso sage which suggested that action on silver be delayed until more knowledge knowledge knowl knowl- edge is gained by the results of the London conference The London agreement merely limited the sale of silver said Malone and would have no ef effect whatever I if it the Wheeler amendment were enacted enacted enacted en en- acted in return We would want all the silver we could get giving only silver certificates certificates cates in return cies des possible possible- A substantial supply supply- of silver in our treasury would be the best insurance insurance ance against war and other em emergencies des cies des possible Malone asserted |