OCR Text |
Show SILVER by Alton I). Fordham, Wellington, D. C. correspondent To appreciate the present legislation leg-islation for silver, the people oi Utah should be acquainted with a few facts pertaining to selver. Of the total metals produced in Utah, calculated in dollars, silver sil-ver constitutes 12.6, while copper cop-per claims 537c and lead totals 21.4. This gives silver third place in actual dollars received from the production of the white metal. Most people have the conception con-ception that to increase the price of silver will immediately increase in-crease the production. This is an erronous conception in most cases. cas-es. Since S0 of the world's silver sil-ver produced is a by product of Copper, lead and zink it follows that to increase the price of silver will increase the production of copper and zink. We the people of Utah are interested in-terested in the .production oE all these metals. And will applaud any legislation that will help any of these. "The Gold Reserve Act of 1034" The President recommended to Congress in brief: That silver and gold shall have the ratio in monetary stocks of the United States of twenty-five per cent silver and seventy-five per cent gold. That the secretary of the Treasury be authorized to purchase pur-chase silver, at home or abroad, until that proportion is reached. That at no time ' shall the price paid for silver exceed the monetary mone-tary value. It is further provided in the Pitman bill "That no purchases of silver situated in the continental continen-tal United (States on May 1, 19 3 4, Bhall be made hereunder at a price in excess of 50 cents a fine ounce." To quote from the President's message: "We should not neglect the values of, an increased use of silver sil-ver in improving our monetary system. The executive Authority should be authorized and directed to make purchases of silver necessary neces-sary to attain this ultimate objective." ob-jective." To quote Congressman Abe Murdock: "With these two state ments, the above statements of the President, and to support our action Congress should not hesi-t hesi-t tate to enact silver legislation carrying car-rying the President's policy as an- nunciated into effect." Mr. A. G. Mackenzie, Secretary i of the Utah Chapter of American . Mining Congress, says, "It is a . great step towards the rehabilita- tion of silver." Jolmson vs. Darrow Johnson and Darrow have called call-ed a truce to talk it over. Harrow's Har-row's attact On the NRA was getting get-ting to the point where something had to be done. The past fev days press releases from both sides have waxed hotter. Something Some-thing had to be done. It was. They went for a joy ride. Now maybe we can sleep nights while Darrow digs up more ammunition am-munition to start the fight all over again. Believe it or not Congressman Abe M u r d o c 1 traded his tickets to the Armj and Navy football game for iarn bulletins. This is a result of the economy act that cut the bulletins from thirty thousand to five allowed each Congressman. 1 would suggest that the farmers receiving- these bulletins read, and read well. Antone Bowler of Gunlock re- cently arrived in Washington. He may be seen most any day with his wife the former Miss Cola Slack, wandering about the Capi- tel. And I might state that, as all Utahns, his mouth is opened to the proper angle. |