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Show i.,. - . 1 THE CITIZEN 6 CHAIRMAN FERRY CALLS SILVER CONFERENCE. ' . . The American Producers Silver conference will be held in this city next Wednesday, August 6th. The purpose of this meeting will be to complete a permanent organization; to hear the report of former Senator Charles S. Thomas of Colorado regarding the misinterpretation of the Pittman Act by the Treasury department when that department failed to carry out the final agreements to purchase the balance of silver as provided by law, and also to hear the report of the Kelley Fact Finding committee, upon which com- mittee are the most prominent men or the country, connected with the silver industry and who were appointed by Chairman W. Mont Ferry. This meeting was called by Chairman Ferry and all the silver interests of the United States will be represented at this meeting. While the present movement is at present limited to United States mine owners, smeltermen, etc., there is every indication that the proposed organization will ultimately develop into a organization. Old Mexico and several of the large producing silver countries of South America are, most anxious for reports of what will be done at this meeting and they are showing much concern in the movement. However, at present, the organization is to be limited, although silver men from all countries are invited to the conference. Silver, an indistructable metal, has been used for money, even by the most ancient of peoples, but never have the producers of this precious metal ever attempted to organize for their mutual benefits. Miners have been contented with drilling holes into the hills and selling their, ores on the open market. In a way silver has had to establish its own market. It has had to be its own salesman and create its., own demand and the wonder is that the white metal has been able to hold up as well as it has done under the: circumstances.. All other industries have been organized and placed upon a paying basis, but the silver men have entirely. overlooked the most important factor in the production of silver. The two Americas provide the world with over 80 per cent of all the silver used and the United States provides about If all half of that in the market. countries were placed upon a metallic basis instead of the worthless paper, . silver todav would be selling at its real worth. Many countries are ready and willing to purchase our silver, but they have nothing to buy it with. They have no gold. They do offer their goods but these we cannot accept because it would mean the closing down of our factories. Poland has just completed an; arrangement for the purchase of silver in exchange for which she will deliver to us large supplies of fine linens. Germany wants large supplies of silver for coinage, but she can only pay in goods which we can make in this country with the result that there is no silver sale. China and India are big silver importing countries. Their people demand silver, even above gold, but their supply is limited because of the lack of purchasing power, and thus pan-Americ- an .a big demand for silver must go begging.. If American interests wanted to take notes they could dispose of every ounce of silver we have, but notes will not pay bills. However, during the past month silver exports have exceeded all imports plus the domestic production and silver is gradually climbing in price. The silver men believe that the present organization contemplated will be the first step towards the solution of the silver question. The people of all countries prefer silver for money. They do not want paper and the time is ripe for a silver organization to devise plans under which many . of the foreign countries can be supplied with the much coveted white metal. People of Old Mexico will not take paper money, they want silver. In India the traveler must carry large stores of silver to make any progress. The people will not even take gold; they want silver. Mr. Ferry is very optimistic over the future as regards silver and he believes that the present conference will be the corner stone for the future greatness of the white metal in the world market. ' He says that with other nations it will be a delicate matter to handle the silver question, because of conflicticn of laws and treaties, but can see no reason why satisfactory legislation cannot be had in all countries to provide just and equitable facilities for marketing purposes and supplying the demand. A great loss is sustained under the present system of handling silver which can be saved under proper organization. If the proper solution can be found for providing all countries, which demand silver, with thi3 money metal, this western country will see the greatest mining boom in the history of the world. . TRIBUNE COMMENDS MABEYS Therefore it will be cheering news to the taxpayers of this commonwealth to know that the peak has been passed and that the state board of equalization has fixed the tax levy for state and state school purposes at 7.3 mills, as against 7.4 mills in 1923. This has been- made possible because of the increased total taxable valuation of the state. In times past it has usually occurred that whenever there was an increased valuation greater evpenditures were immediately planned and the burden of taxation increased instead of diminished. Happily, precedent , has not been followed by the Utah officials, and the result is that the people of Utah will be taxed at a lower instead of a higher rate. While the reduction h of of a mill is small, it is a step in the right direction and an indication of determination upon the part of the administration to practice rigid economy and bring the rate of taxation down whenever and wherever possible. It is the best kind of an augury for the future conduct of the states affairs. - . IHIHIIUIIIIIIIIIIIIIIII Jack Shafer 24 Private Dining Booths I 1 SHAFERS o WILSON CAFE I 36 East Second South SL f Shellfish and Oysters our Spec- ialty. We cater to banquets jj and large parties. a f i i vr Telephone Wasatch 4396 SALT LAKE CITY, UTAH I iHHiimmHimmwiiMiiHMwiHiHiiiiiitniaiiiiminwnMNiiBiiiiiWMiiiiiiiiiiiii rI one-tent- FLOWERS For WEDDINGS FUNERALS and all occasions MILES OF COPPER The average telephone exchange contains enough wire'to reach from Seattle to Yokohama. Within four walls of a single telephone central office some five thousand miles of wire intertwines, to and fro, in and out, back and forth, connecting each telephone to every other instrumeiit in the exchange district, as well as to the long distance lines which enable the telephone user to reach any one of over 15,000,000 telephones in the United States, and even to telephone across the border into Canada, or across the Florida straits to the island of Cuba. HOBDAYS Flower Shop 246 South Main Street (Keith Emporium) Thoi. Hobday, Prop. Fhone Wasatch 987 11111111111111111111111 - Phone Wasatch 2621 UTAH E3IPLOYMEXT - V i AGENCY Skilled and Unskilled Labor for all Public Work Railroad Laborers a Specialty 134 Regent St. Salt Lake City. EVANS & EARLY ADMINISTRATION In an editorial published August 1st referring to the tax situation, the Salt Lake Tribune commends the state administration. Funeral Directors 48 South 8tate 8treet Telephone Wasatch 5516 For Wedding Invitations (engraved or printed), Programs, etc., see or call CENTURY PRINTING CO., 235 Edison Street. Wasatch 1801. Adv. TAX RATE LOWERED. Taxes have been increasing in the United States for a number of years past and Utah furnishes no exception to the rule of higher rates of taxation. Have You Had a Meal at THE NEWHOUSE HOTEL 'IIIIIIHIIIIIIIIIIinilllHIIIIIIIIIIIIIIIIIIIIIUIIIIIIUIUIIIUIIIIIIIIIIIIIIIimiiiimlllllllUft i 1 I IBIS LITERARY REVIEW s Editor I Roy de Gawain Le Noble $50,000 Cafeteria- The finest Cafeteria Equipment in the United States. Table arrangement to seat 400. 100 employees at your service; BEST QUALITY FOODS AT POPULAR PRICES vice. I I i - A combination of elegant refinement, atmosphere and ser- i 1 1 . J. H. WATERS, Managing Director Brazil, South America x rilllllMIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIlllllllllllllllllllllllllll1IIIIIIIIIIHIIIIIIIIIIIIIIIIh. s i i s Caixa 2136 Rio i i |