Salt Lake Telegram | 1942-05-09 | Page 2 | Silver Bloc Senators Advocate Coinage of 'One-Bit Piece'

Silver Bloc Senators Advocate Coinage of One Bit Piece WASHINGTON May 9 UP Several senators of western mining states Saturday favored the coinage of a silver one bit piece worth 12 cents as a measure to restrict price rises of ot articles now selling for tor a dime The senators said there was danger that cent 10 articles would go to 15 cents cents because because of lack of an intermediate coin Senator Berkeley L. L Bunker D. D Nev said he would woud approve approve approve ap ap- ap- ap prove any measure that would increase the use of silver reduce the cost of commodities and asure as assure assure as- as sure public convenience Senator Carl A. A Hatch D. D N. N M M. said he hc thought the coin has possibilities and bears ex ex- Senator James E. E Murry D. D Mont said the idea sounds as though it has merit but warned that some might criticise it as asa asa asa a result of inflation Senator Edwin C. C Johnson D. D Colo disagreed I dont don't like the 12 4 1212 cents he said Im afraid it would jump the price of cent 10 articles to 12 cents and the consumer would get it in the neck 1