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Show THOMAS DENIES INFLATION PERIL WASHINGTON. Oct. Senator Thomas (.D.. Utah) said today to-day tat America's gold and silver reserves make "monetary inflation In the United Stales utterly Impossible.'' Impos-sible.'' -Just sack from a European trip, the Utah senator said "the world's biggest problem Is still money, and the United State has the solution of that problem." At the same time, he expreaaed hop that Europe would avoid a general war. fft said the proepecta war "very much more hopeful than a year ago." and that England and Italy "no doubt" will reach an agreement agree-ment which will remove sny threat of troubts between them. Dollar Supreme Thomas went to Europe as a delegate dele-gate to the Interparliamentary union and conferred, with soms of the lesdlng Europesn statesmen. Ths senstor expressed enthusiasm over America's monetsry position. Discounting ths possibility of inflation, infla-tion, hs noted this country's big gold snd silver reserves as contrsstsd with thoss abroad. "We are In a position now where we could pay either gold or silver on demand," he said, "provided the secretary of th treasury was authorised au-thorised to psy in either metal. j "Th American money structure Is, therefore, on a firm basis, and th reel of th world realises It. There is no reason why the American Amer-ican dollar should not be the choicest choic-est money for anyon In th world to hold and have. V. & Holda Key Th solution of th world's mone-1 tary problem Is with us. What ws have to do Is to maintain our favor-1 able position and convert ths world j to a medium of exchange based upon I gold and silver." I Thomas said the dollar would prove a "hitching post" for other currencies, and that Its strength! would "make It necessary for them I to get on the sams basis with us" j "In making gold and sliver the basis for our money," Thomas said, . "ws have actually returned to the natural moneys the world hsa accepted ac-cepted throughout the ages." j |