Show WIDER SILVER I USAGE URGED Mine Director Traces E Economic on ic l History Rehabilitation of ot- silver as a broader metallic b base se for money and credit It will result in a natural natura instead of deflation of ot the price levels of commodities W Wi Mont Ferry vice president am and managing director of the Silver King Coalition Mines company tol told members of at the junior chamber chambe o of commerce meeting Friday at Dick Gunns Gunn's cafe Tho The speaker traced the history o of silver through ancient middle ages es Napoleonic era e early twentieth twentieth twentieth century to the present day Sees International Shift Acceptance of silver as a basic money m metal tal will tend to do away ay with international selfishness greed and predatory interests Mr Ferry saidA saidA saidA said A rise in the price of the metal increases Increases' the wealth of ot South American and Oriental countries the speaker added Adoption by 66 nations of ot the world of ot a pact not to debase th the value of oC silver currency is a a definite definite dei nite nUe movement toward the attainment attainment attainment attain attain- ment of the silver-Interests silver goal- goal establishment of silver slIver as a broader metallic base for money and credit Mr Ir Ferry pointed out Sees Use Abused Abuse Mr Ferry said the amount of silver silver silver sil sil- sil- sil ver stored away In the treasury isn't being put to the use that gold was wasand and unless the white metal increases increases in increases in- in creases its relative importance they might as well dump it Itin in the middle of oC the ocean At tho the Pan American union to tobe tobe tobe be held next year in a South Amer American lean ican country st stabilization of ot western western west west- ern era hemisphere moneys to bring about a western system of ot mone money and credit will vill give silver an added impetus impetus' in in- its position as as' a money metal Mr Ferry concluded |