Show n r r 7 Silver r Situation t Explained d By Ira C. C Tichenor Ii T IS interesting ing to n note tc that hat the tIle theories recently advanced i in this i column for the decline inthe 1 1 price of s silver have have been c confirmed by tJ the c vies just expressed by y Senator of N Nevada author author- J of the Pittman bill biJJ in ih an interview view on th the tho subject i rh The s senator also ls holds s Jo to the YI ly y d repeatedly pressed that owing to to to te of of I the Pittman Ittman act for forthe the pin purchase chase by b the government of A American I produced i. i silver at 1 an ounce the price of the white mcL metal l mined mined I in this country ou try cannot I go betow 1 I Referring t. t lp tp decline in silvers Senator rit ma said I am aril aril- am amby r S by the best best authorities e authorities l rean r o ob obtain t am and alS also by treasury f. f sury i ert t ai it i if f is S cau caused by br peculiar conditions Germany GErmany is Is' melh melting up its its' jt silveY silver coin oln for S r. r urpo e o of foreign exchange S' S France 1 r e I is doing doing tiie me i P sam same sam AG Germany r ny was as 5 e expected ed t d igi to to- so I 85 as a pat parTe pape t mone m e It t. t has has' nothing S w th h p purchase c l e silver sili i. er r o or hi else ls Then h or value le I it ItS S lla has lias to wi today toda i that has p a J pr far rr Value VUe lue t Is Its is silv silver r II co coin France ranco rance S j is largely largely in tl ame position For Vor that reason there is an unusual quantity or of s silver yr ver suddenly thrown upon th market It I is only temporary temporary because It i wiri n soon Pon be absorbed b by the worlds world's markets where wh re thc there is a tremendous s demand de i d. d lor for silver sHyer t. t S 5 There The e is Is another s condition affecting it i. i East Bast China ChIna and Japan were i d for w want t of sliver silver during the entire entre war ImI Immediately dla elY af after r the the embargo on silver sUver was was lifted HUed these countries went into the ar and comp competed te with each other for silver and not only satisfied their demands s but drove th the price quite quie high That demand demand will wi como come as again In and That c come come- m quickly with with hm nt of or commerce commer J i t L want It i. i distinctly understood understood h however ever thal tha the Pittman act only onlY protects sl silver ver produced produced and reduced in this thi-j this this' country W We melted up S i 2 1 O O of t. t lver dOl rR under the Pittman Pitman act t U Under r the the ct t t those os II sliver silver siver dollars donars must Just must be re returned to t the tho t treasury in coin coined d siver silver 1 J dollars s and the bullion bulon for that purpose must be be purchased PI t from om our or Airier Amer- c 1 lean mines j S There There is nothing to prevent Mexican or Canadian or r German or French l er v r from being sold to lo Industries Industries in Inthis this country country at an any price less than 1 1 an n ounce n Anyone may sell eel it i for 50 cents cent an ounce That is s no att attempt S L c to pt protect t ct th the price of silver siver so far tar as as' as lore foreign sn c countries are concerned t but butS but S 3 me time when foreign Ig silver Hiyer is being beins sold in ir our markets markets to o our 2nd Industries rIes at less than 1 1 ou goYe has has obligated I d. d itself t el t to purchase ur hase j silver siver at 1 Jl an ounce fi v M TI The silver siler siver mining ining Industry should b b be greaty greatly encouraged o raged by Sen Senator tor interview and especially with the decla declaration aton that t the decline In the price of ot silver sUver is only temporary as s. s there is isa tremendous world demand for the white metal metal |