Salt Lake Telegram | 1939-08-28 | Page 8 | Senator Pittman Outlines for $1.29 Silver

SENATOR PITTMAN OUTLINES FIGHT FOR FOR- SILVER WEST'S VICTORY 1 TOLD CONCLAVE Silver has arrived at the p position post tion Ion for which western senators senator have been fighting for the last 23 years years the the coinage of American silver at cents an nn ounce without with with- out limited time and without dJs dJs- emotion in any department and without a chance to change lu its status unless the price goes oes higher Authority for the statement is li Senator Key Pittman of Nevada long one of the most active e sup mn porters of the white while metal in th the senate who addressed the convention conven conven- tion and exposition of the western division of the American MIning Congress Monday afternoon Senator Pittman appeared on the afternoon program of ot the convention con con- at which future prospects prospect for various metals were discussed Price Trice Too Low We lVe are now in a position to fight to place sliver silver at its monetary mon montary mont mone- tary value because We vc are not under obligation to any governmental govern govern- mental department and can fear no department he said Tho government pays paS Ju its fat debts with silver r at an ounce and that is the price producers should receive I see no reason why the government should hijack 4 45 per percent percent percent cent of the price of silver I IThe The senator said It costs the the government tenth one-tenth of f one cent an ounce to service silver while whits It charges 45 per cent of its lis value Will Demand 19 Declaring the white metal to b be b. in a n better position than It has been since 1873 because it Is U now no on a fixed coinage basis Senator Pittman said a stiff fight will b be b. waged at the next session of congress congress congress con con- gress to raise the price to aa as ounce I introduced a n bill to that effect ef er- effect feet at the last session he said and I anticipate early consideration consideration considers tion of it when congress mceU meet again There is a tremendous lot of false and vicious propaganda being published about silver sliver throughout the cast east written by hired writers writer I will not attempt to answer them now They will be answered on the floor of the senate by the governments government's cov OV gov- gov own statistics he con coa eluded Europe Crisis Outcome Held Anybody's Guess Guess' Senator Key Pittman of ot Ne a Nevada 1 came to Salt Lake City principally to talk about silver but as chairman chairman chair man of ol the senate foreign relations relation 4 committee he made observation Monday on the Europ nn situation Here to address the convention of the American Mining congress western division Senator Pittman said it was guess what would happen in Europe The situation looks no better he asserted Senator Pittman who authored the new neutrality bill in the last Jut session of congress said it was up uJ to the president to decide on a special session of congress in event of war var