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Show U. S. PREPARES RULING CHANGE, PITMH SAYS Nevadan Has Good News for Mining Men of West Silver producers of the in-termountain in-termountain states were breathing easier Monday after a clarification of the president's presi-dent's recent silver proclamation proclama-tion practically assured them a period of grace from the June 30 deadline. Senator Key Pittman D., Nev.) Monday Informed local mining men that orea received at the smelters by Juru) SO could still coma under the S4.M cents per ounce federal price aet In President Franklin O. Rooaevelt'a IMS proclamation. In the measage, which waa delivered deliv-ered after 1 p. m. Monday to A. O. Mackenxie, secretary of the Utah chapter, American Mining congress, Senator Pittman aaid "there ia no reason why smelters and milling companies should not accept domestic domes-tic silver ore until July 1 and be paid thereafter at the rate of M.4 centa an ounce. "I have Just been Informed by the secretary of the treasury that he haa prepared a regulation subject sub-ject to approval by the preeldent allowing delivery of domestic silver under the IMS proclamation as was delivered under the prior proclamation." proclama-tion." He then pointed out the regulation regula-tion would allow amelters five months after June SO to refine the metal for aale to the mint. Complete text of Senator Key Pittman's telegram regarding ailver to A. O. Mackenxie, aecretary Utah chapter, American Mining Congress, follows: "I havs Just been Informed by Secretary Morgenthau that he haa prepared a regulation subject to approval by the president allowing the delivery of domestic silver under the present proclamation as waa delivered under the prior proclamation, proc-lamation, that la, that a contract entered Into by a mining, amelting or milling company, on or before the thirtieth day of June, 193, that they have ao many ounces of do- ( Continued on Pan Tares) (Column Fuur SILVER RULING EXTENSION DUE tCosllsuea tram Pea One) mestie silver la possession, mined In the United States then undergoing processing and that they will deliver de-liver such silver within five months sfter the thirtieth day of June, 1M, that then such silver will be accepted under the last presidential proclamation, in other, words, at J 44 4 cents an ounce. "This proposed regulation was seated to ma over the telephone, 1 but I am satisfied that I have under-, under-, stood It accurately. There Is no reason, therefore, why smelters and milling companies ahould not accept ac-cept domeatlc stiver until the first day of July and pay therefor at the rata of 44.M cents aa ounce." |