Show T T 1 11 L. L Premium Paid raid on on- Silver I Ira C. C Tichenor IF By nOSE who arc are opp opposed to the imposition of an excise tax on i J Jl J. J gold old used in manufactures and arts and and the distribution in part of the tho proceeds of this tax among gold miners for the I J tion on of new gold on the theory that the operation of such a n plan would disturb the monetary standard of ot the country evidently overlook the thet tact t that gauged by the world market for tor silver sliver the United States State government govern govern- m ment nt now Is ia paying a a. premium of oC approximately 20 cents an n ounce on all silver liver produced In this country Regardless of ot the fact tact that under the operations of oC the Pittman act the treasury department Is purchasing purchasing- new flew produced American-produced silver at 1 an ounce to replace the sliver silver dollars and sold to England during the war var there thero has not been experienced the slightest change in the tho status of oC the silver coinage of ot the country Of course this coinage has not been hedged about with a set et price a as with gold sold since the tho of ot silver many years ago The fact tact however vever that there thero was not the slightest indication of ot a change chango in n the tho the Pittman act relative to the value of ot the silver dollar doUar took place when purchase e of ot new American mined metal to replace the tho melted dollars be became became be- be came operative might be considered as rather significant Seemingly the American silver sliver dollar doUar has taken Its place side b by side with American dollars of ot any other description that Its purchasing power was IUS equal to that of or an any other dollar when the price of ot silver In the world market was 50 60 cents an ounce and that this purchasing purchasing- power was unchanged un un- un- un chan changed ed when the price of ot domestic silver was arbitrarily set by the P Pitt- Pitt tt- tt ragn act at 1 U an ounce I It t is the confident belief belle of ot many economists including a large perc portage per per- c 4 tage actively engaged In banking operations that the imposition of ot an anex ex excise Je tax on sold ol oId l used tor for other purposes than coinage and tho the distribution distribution tion Hon lot of of this tax as a bonus for tor the new gold old produced would have no more et ct upon the statue of ot the gold dollar with its set price of ot 2067 2061 an ounce OU than was shown by the silver dollar when the price of or 1 Jl an ounce wag was enforced through the tho operation of ot the Pittman act aeL J |