Salt Lake Telegram | 1938-01-07 | Page 1 | Two Bills May Ask $ 1.29 Silver Price

Two Bills May Ask 29 Silver Price Texan Will Sponsor Measure House in-House and andt t Oklahoman in Senate Special to The Telegram WASHINGTON D. D C. C Jan 7 Possibility 7 of two bills to fix the I price of silver at an ounce being introduced in con congress ress was seen here today Representative Martin Dies D. D Texas will introduce one bill in the house of representatives and a companion companion com corn panion bill may be introduced in inthe inthe inthe the senate by Senator Elmer Thomas D. D Okla Representative Dies agreed to assume assume assume as as- sume authorship of the bill after conferences with western congressmen congress congress- men and mining men and after it was agreed that a bill fixing the price of silver would be more favorably favorably fa fa- a- a received if introduced by a representative from a state which does not produce silver Representative Dies said the country is now ripe for some form I of inflation and that it is merely a question of silver inflation or paper money He indicated that in his lis opinion the silver proposal would have a stronger appeal than one which would start printing presses rolling out paper money I Decision to sponsor the bill was wa made by Mr Deis after a conference conference confer confer- conference ence Thursday with Representative Abe Murdock of Utah A. A G. G Mackenzie Mackenzie Mackenzie Mac Mac- kenzie Salt Lake City secretary o of r f the Utah chapter American Mm Mining Min ing congress J. J D. D Conover general general gen gen- eral secretary of the mining congress congress con and State Senator D. D C. C gress Callahan Callahan Calla Calla- han mine operator of Wallace Vallace Idaho Since President Roosevelt's December De cember 31 silver proclamation fixing fixing fix fix- ing a price of cents Representatives Dies and Murdock have conferred conferred con con- several times on the ques ques- tion Representative Dies said that inasmuch inasmuch inasmuch in in- as the mining industry r would be the first beneficiary under under un un- der the proposed bill it should support support support sup sup- port a publicity campaign which I will put silver before the public in It ina ina I Ia a favorable light