Show METALLIC ETA CA CASH SYSTEM URGED DENVER Oct 2 GB A A United I States curre currency cy system Including both gold and sliver silver with a metallic metal lie lic base as opposed to a managed I currency is Js the goal of ot the west's metal mining operators The Idea was incorporated Into a declaration of policy adopted last night by the western metal mining convention o of the American minIng mining min min- ing congress at the close a of its session session ses sea sion here The plank also included for tor continuation of or federal purchases purchases pur pur- purchases chases of newly mined domestic gold jold and silver The plank read We Ve Ve favor the return of at the control control con con- rol o of our monetary system to the congress We favor a currency system tern tem em with a metallic base as opposed to o a so-called so managed currency We favor the use o of both silver silver silver-in in such currency system and we favor the continuation continuation continua- continua tion ion o of purchases o of newly mined domestic gold and silver sliver as a means f maintaining a metallic metallic me me- base for our currency The policy was voted shortly after alter by Senator Key Pittman D. D Nev who told the operators When we reestablish silver as domestic domestic do do- domestic do- do money the demand will bring it t back to its natural price o of a. a an n ounce nce and go gold will be stabilized at at- an ounce ourice Other statements in the conventions convention's conventions convention's convention conven conven- tion's tion declaration o of policy included We condemn the principle of a penalty tax on undistributed earnIngs earnIngs' earnings earnings' earn earn- earnings ings ings' a of corporations corporation embraced in inthe inthe inthe the 1936 reven revenue e act We urge prompt reduction of government expenditures and balancing balancing balancing bal bal- of ot the budget We urge that direct relief at reasonable reasonable rea rca subsistence rates be substituted substituted substituted for work relief |