| Show Utah Mine and Industry Leaders Favor Favol 13 11 t Linking of Price Increase With Inflation Evokes Condemnation in S. S L. L Proposed legislation to peg the price of silver at an ounce Friday brought cheers commendation and tongue-in-the-cheek tongue comments comments com corn ments from local representatives of industry and labor Their words followed press dispatches dispatches dis dis- patches from Washington D. D C. C I announcing that Representative Martin Dies D. D Tex Ten will sponsor sponsor spon spon- sor a house bill to fix a sliver silver price at an ounce and that a companion com corn panion bill may be Introduced Inthe inthe in inthe the senate by Senator Elmer Thomas Thom Thom- as D. D Okla OkIa Most commentators condemned Representatives Dies' Dies inference that the silver bill would be tied with inflation but all agreed that a higher high high- er price should be fixed than the cent 64 presidential proclamation of December 31 Some Refuse Comment Some mining officials would not comment at all because of the In Inflation inflation inflation in- in angle and others wished to wait until details of the proposed bill are available The comments W. W Mont Ferry vice president managing director of the Silver King Coalition Mines company The Th activity for the restoration of silver as money Is increasing The members of congress who favor favorit it probably are in the majority as indicated by the silver campaign of 1931 1932 and 1933 That activity was ended by fixing a price of cents an ounce People definitely are becoming aroused over the money question and there Is a strong probability that this congress or the next congress congress congress con con- gress will do something definite toward toward toward to to- ward restoring silver sliver to its it monetary monetary mone nione- tary level Paper inflation Is out No sound round thinking person can favor it The idea involved in silver restoration is to get away entirely from devaluation devaluation devaluation de de- de- de valuation such as occurred in France and Germany The history of mankind shows Continued on Pale Page Seven Colu Column Five FAVOR SILVER BOOST Continued from Page One that people would rather trust metal than men Charles N. N Fehr president of the Salt Lake City chamber of commerce com com- commerce merce I r am not in favor of inflation but I think the government should put the highest price possible on silver However a price should be beset beset beset set that will give the government a reasonable profit from its coin coin- age President Roosevelt's 64 cent proposal was uncalled for He should at least have maintained it at the price set last year year Adolph chairman ol of the chamber of commerce mining committee An increased price for silver of course will benefit the mining minin west Sees Benefits O. O N. N Friendly vice president am and general manager of the Park Utah Consolidated Mines company and governor of the Utah chapter American Mining congress Legislation which will permit silver to have its proper place in our monetary system will be the most powerful influence possible to improve the economic conditions othe of o the silver producing states But that is only incidental to the beneficial effects to our national national na na- economic welfare which would result if silver were permitted permit permit- ted to do its full part in our metallic metal metal- lie lic reserve reserve It is to be hoped that the discussions dis dis- cuss ions which will be brought ou out t by the introduction of the Dies bill bil will serve to overcome the propaganda propaganda ganda of fallacies against the white whit metal and convince the American America n people of the important role which it can play in the maintenance o oan oan of an adequate and safe monetary Y system Favors Proposal William M. M Knerr chairman o othe othe of the state industrial commission I I r feel it will be a very good move and particularly advantageous t to the metal mine workers It would wouL enable them to secure better working work ing conditions and a higher rate o of pay This is especially true at this thi time in view of the demoralize demoralized condition of the metal market State Senator Eldred M. M Royle secretary district union No 2 International In In- Union of Mine Mill an and Smelter Workers Silver should be definitely pegged by congress at per ounce Stabilization at will guarantee guarante those dependent upon the mining industry a definite program o on which they might proceed |
