Show NEW SILVER BILL PUSHED BY BACKERS Committee Committe Makes Favorable Report on ont Measure for Purchase SOUGHT Buying of Ounce Billion Bil Ounce on-Ounce Total Is Proposed I IBy n By Associated Press I WASHINGTON March 22 A Ahouse house banking and currency subcommittee milt favorably reported to the full committee today the Goldsborough monetary auth authority rity bill blU carrying an amendment providing for silver re- re The measure establishes a a. federal monetary authority in full charge of currency issuance It deprives the federal reserve system of its present money issuing powers The silver amendment offered b by Representative Jam James s D D. Nev authorizes the authority to buy silver bullion at the rate rat of ounces a month until ounces are purchased or until there Is approximately a 16 to 1 ratio between between be tween gold cold and silver sil The amendment is similar to the 16 to 1 I proposal of Senator Burton K Wheeler D. D Mont and other sen senate te silver r bloc leaders The silver would be used as asa a base for silver Ilver certificates o be backed in bullion Action of the subcommittee came after lafter a long series of hearings in which Se Secretary of ot Treasur Treasury He Henry Hezry ry J. J Jr opposed such legislation legis legis- lation at this time He asked th that t the administration have a free hand on monetary policies for at least nine mon months month Deb Debate te Is Sought On Fiesinger er Bill By CHARLES O. O GRIDLEY Telegram Washington Correspondent WASHINGTON March 22 22 Representative John A. A Martin MarUn of Colorado Thursday began circulation of a peti pet peti petition tion to the house rules committee asking asking ask ask- ing a rule for consideration of ot the silver bill on which a vote was deferred last Monday at the request request re re- re quest of ot President Roosevelt Martin in whose hands the organization of the house silver bloc was placed believes cS the petition will have enough signers to convince house leaders that opportunity should be given to debate and nd vote upon the bill which provides for purchase ota of ot half a million ounces of silver to conS con Continued on P Page Pue se Two SILVER FORCES S REOPEN mm DRIVE Steps Are Taken to Force ForceS S o Action on Fiesinger r Measure Continued tr m Pace Pue One until silver has reached a pary par par- Ity y price with gold The petition for fora a rule was decided on Wednesday night ight at a meeting of house members favoring silver legislation Its time we had a vote on some silver Iver bill which really pro posse to todo todo too do o something for silver said Martin Mar- Mar tin in tin Many mem members rs would prefer to o vote on a coinage coinage- bill billj but the eisinger Felsinger measure has b been n favorably reported to the house huse and the m mem mem- m understands its it provisions so 50 o its it's time we had hada a vote President Roosevelt is known to oppose the bills bill's p passage but Ut will make no attempt to prevent its It's Is consideration b by congress it u is hi understood Fiat Money or Silver Wheeler Warning CHICAGO March 22 Only Only of silver can prevent the ic issuance of fiat money moncy by the United States Senator Burton K Wheeler heeler of ot Montana leader of thel the silver Iver bloc in Washington wid t today da in mj an address before the Chicago go As Association of Commerce Yo Yo Yocan can make up your minds he said that you will vilt get either fiat money or silver Which do you jou ou want of ot silver j. j is the best aest way vay Ils Il's safest It would raise the cos cost of or doi doing g busin business ss for lor Or countries and w would make ke it harder for or th the Orientals to dump goods in the he American markets At the same time it would facilitate the sale Eale of A American goods in OrI Oriental countries coun- coun tries ries The sentiment in congress Senator I Wheeler said is overwhelmingly in favor of of silver The senator cited figures to support his contention that the low price of ot silver h had d forced Oriental nations not only to increase their own manu plants plan but also to go into the production of ot raw materials because be be- cause they could no longer buy raw materi materials Ls from a gold standard coun try I coun-I Voe on Dies Bill Causes Causs Optimism NEW YORK March 22 Silver IP-Silver P Silver speculators are focusing virtually their heir entire attention upon Washing Washing- ton ion in their quest for guidance these days Passage of the Dies Dieg bill In the house of representatives providing for for- fora a ah an export export bounty bounty upon prod I agricultural products products prod prod- through barter agreements under under under un un- un- un der which silver ilver would be accepted in payments at valuations above wot Id market prices has aroused fresh hopes hopes' the among the Wall street Silver ilver quarters are not optimistic over the f fate te of ot the bill in the senate in view of ot the passive attitude of the administration but they point to the thumping majority with which it passed the house as another another an an- other evidence of f strong pro s silver pro lver sentiment The administrations administration's action in send sending ing James Harvey Rog Rogers rs one of ot its monetary advisors to China to study the silver problem there has considerable considerable considerable consid consid- erable support although it may delay any further federal moves for tor silver sUver Senate Silver ilY r List Request Considered WASHINGTON March 22 Sec W-Sec- Sec Secretary t told ld newsmen today today today to to- to- to day he had under consideration the L senate resolution asking a list of ot silver silver sil sil- ver vel hoarders He declined to elaborate The resolution of Senator Robinson R. R Ind md asked for the list shortly after aUer had said the treasury treasury treasury treas treas- ury Investigation had disclosed some silver advocates were not disinterested disinterested disinterested disinter disinter- ested in the sp speculative e silver sliver mar mar- ket k |