OCR Text |
Show ' i; r .i SILVER ISSUE Next Wednesday, July 20, the federal government 'will file answer to the suit brought against the government by the American Silver Producers Association to compel purchase by the treasury under the Pitman Act of 14,589,730.13 ounces of silver bullion at the rate of $1 per ounce. The terms of the Pitman Act have not been carried out so far, and the plaintiffs contend that the government is obliged to carry out its agreement, notwithstanding the fact that Secretary Mellon has absolutelv refused to do so to abide bv the contract entered into several years ago. President W. Mont Ferry of the American Producers Association and managing director of the Silver King Coalition Alining company of Park City, says that .the associations suit was brought only after every other means had been exhausted, and he looks for .a favorable decision by the court. Of course what the decision will be no one knows, and there may be some clauses in the contract purchase which will let the government out and not obligated to make the purchase. A. G. Mcakenzie, secretary of the Utah Chapter of the Alining Congress, says that suit was only brought after all facts in the case were thoroughly discussed and the producers were convinced that they had more than an even break in winning the suit. Victory means much to Utah, which state now has in the Tintic Standard mine the largest silver producing mine of the country, along with many other big silver producers. SALT LAKE CITY, SA TURDAY, JUL Y 16, 1927 u |