Salt Lake Telegram | 1935-12-19 | Page 1 | Sivler Fores of U. S. Cite in Price Fall

SILVER FOES OF oi U. U US U.S. S. S CITED IN PRICE FALL Senator Thomas Sees Plot Abroad broad to Balk Policy By United Pits Fres WASHINGTON Dec 19 19 Senator Thomas D. D Okla Okia to today today today to- to day suggested a conference of all senators immediately upon congress' congress convening to pledge support to the governments government's silver program In a telegram to Secretary of or Treasury Henry Jr and members of or the senate Thomas urged that every possible assistance assis tance power and resource be pledged and used to carry out the program earlier said silver slIver purchases had nad been made week Tf l. l domestic foreIgn and Hon tIon is Js successful in defeating our program Thomas said our treasury tress tree ury stands to lose vast sums of omet metal l already acquired See Foreign Plot The administrations administration's silver slIver polIcy policy pol pol- icy is being attacked by foreign and domestic through a concentrated drive to down force the price of sliver silver with the intent to discredit and terminate the program Thomas Thomaa said He said the fight is a monetary war for tor control of world exchange and the resultant control of ot world currencies and world trade formerly China Mexico and other foreign nations na na- na complained that tho the United States silver plan was harmful to them Today he said the same foreign for for- eign nations are unanimous in the complaint that lowering the price of or silver is harmful to them The federal government bought silver sliver every day this week Secretary Secretary Secretary Secre Secre- tary of Treasury Henry Jr said In answering questions on the decline in world silver sUver prices which continued today with a 2 cents in New York to 53 cents again refused to re reveal Ire j reveal re- re veal even meager details of the administrations administrations administration's ad ad- administrations administration's ministrations ministration's silver purchase program nor would he tell ten the I places ces of ot the treasury's buying Buying In Mexico 1 He Ho indicated however that the federal government this year is buying virtually all aU of ot Mexico's 7 ounce output as well as u uthe the estimated domestic domestic do do- mastic production Questioned as to whether the thet t federal treasury has been a a. seller the secretary said I X 1 wont won't an an-