Show 1 i 1 Situation itu ti j a as S to to Siv Sliver Silver r 1 P n in the ne price of of silver er 1 o a point p int consider considerably blY belo below t the p dollar mark ark naturally has come as as a shock to A American cr n silver r n r d and has lias had a dep depressing essing effect upon the he industry In in J the second silver producing state of the Union Umon rf The decline which as assumed umed the nature of a a. slump ay especially I sp was as a surprise in view vie of pf the generally a accepted c t d. d idea ea that the United States government would sustain th the silver market metal tal in the United States to tc purchases of the white m p produced tater tr restore stoie nearly q silver d dollars dollar melted android y t in reat t to England for shipment to India at a critical p period during t I ft h ej orld Id war wr 1 s t l' l 1 fl UI Und r r. r the soc P Pittman tm n act act ct th the United States States govern govern- oye nr n- n 5 r t is obligated to purchase American American produced produced- silver at 11 an n ounce lf to restore e to th the melted dollar dollars and th the supposition PP on of the theart art R of f. f t those 9 e Conversant H y rS with th the tle arrangement mcl including dm theauthor the th author 9 bill W was s' s that such u h purchases s would result s t. t i in pre in-pre- p pre the price of silver slIver from going more mor than han a fraction belo below beloV 1 itan n ounce bice 1 7 I ft L i. i J any reasons recently have been offered for the gradual decline Ji ein in the pr price ce of silver r from the high mark of 1 37 au an Wince jinCe ne These p presumed c causes uses included ded heavy selling for or the account of the East India and Chinese interests and moderate pf offerings i g from om continental tine Europe to together th r f t the ina of f ome European countries in m need of silver slIver to make purchases at l p prevailing e rate rate of e exchange chanie j ds J t None one n o of these ese supposed C causes however ow ver could ld be Ir ij for rl th the of 6 cents cent in n one day diy followed follow d by r Bother h r j p of 1 10 0 c within twenty four twenty hours and for this rea reason reason on the the action of the silver market is rattier rather mystifying t Significance is attached to the fa fact that announcement t of t the et e- e t Decline f comes es esrom rom from Lon London on where for many years a small group group Y pf men h has hs s controlled tl the e silver market of the world There is a a possibility that the p price i Sl slump mp w was as s premeditated ted and put into effect ef ef- 1 t f. f as a a challenge lenge to tei Americas America's plan for the stabilizing of silver O tr round 4 iid d th the dollar mark v v I F. F p In any y event the oc occurrence c.- c. e 1 js is of sufficient import importance e t to wa wap war J p at an inquiry on the part of the United States tat government ent |