Show WORLD SILVER I PACT FAVORED BY ROOSEVELT International Agreement on Monetary Metal Ratio Being Sought DIPLOMATS STUDY PLAN Names of Conferees Closely Guarded in w WASHINGTON ASI INGTON April 20 WA IPA W- W A the steering committee commit commit- tee ot of the senate silver bloc was called today by Senator ing 1 D. D Utah for tomorrow morning to formulate a program for presentation presentation presen- presen tation to President nt Roosevelt later lat lat- er in the da day Senator Borah R. R Idaho one or of the original slIver silver group said he was not interested in permissive legislation He indicated indicated in- in he would not attend the White House coner conference n By Associated Press 1 WASHINGTON April 2 20 It was made known today at the White WhiteHouse WhiteHouse House that President Roosevelt feels the answer to the silver tion problem lies in the presented presented pre pre- at the London economic conference conference con con- ference whereby all nations would fix delin definite le reserves of silver in ratio to their gold supply This would bring for the first time II history a fixed ratio throughout the world between gold and slIver silver It was proposed at London that the nations na- na e silver sHyer reserves up to 25 pet per cent of their gold supply As a result of this Informal exposition exposi- exposi tion of the presidents president's att attitude tude it w was t da di 1 Mi Ro Roo sey wo would l stand paL gamst any m mandatory legislation leg leg- at this se ion reg regarding silo sil- ver As explained at the White House Mr 11 Roosevelt feels it is impossible for tor one nation to get anywhere anywhere- in rehab rehabilitating 1 tating silver without the cooperation co co- operation of all countries Silver Quantity Unknown One problem it was said is that there is an unknown quantity of silver silo sil- ver in the world unlike gold which can be figured to an almost exact total How far negotiations for an international inter inter- national agreement ement have progressed since the London parley parle is unknown generally generaU Nor is there any indica tion of oC an immediate new world economic eco ceo nomie conference for consideration of silver alone An international compact remone silver at a uniform ratio with gold was vas sed toda today to have been the subject of oC secret conferences here this week Such nn an agreement will be dEs dis c cussed under international negotiations it if the expectations or of responsible ble sources in diplomatic and offIcial ranks are fulfilled All possible secrecy has been placed around preliminary feelers for the idea The names of those attending the recent conferences have been guarded ln In one quarter apprised or of the the- situ situ- Continued on Page PUl Two WORLD SILVER PACT FAVORED Roosevelt Urges Agreement on Monetary Metal Ratios 1 1 Continued I One Onel atlon however it was several surface indications now tint be attached to the existence ot of such such suggestion The recent dispatch of oC an ac admI monetary expert to th tb ia east It was said arose from I a ato d e eto to determine the quantity of zaver In that vast area where It Is m J b used In the same quarter it ed that President Roosevelt's nation thus far to Indorse any ot of t h many mandatory prop in congress held a tie with the r recent ent private here A group of senate silver advocat 3 led by King D. D Utah was for for- fora a conference with President President- Roosevelt yesterday but the was postponed until Monday |