Show information on silver and its future outlook e are melting down american silver dollars to supply british india s requirements because the world a annual production ot of the metal Is less than gozs and the emergency Is great mexico possesses the greatest silver mines yet worked and some ot of her largest ones are still idle and have been tor for more than five years large mines in within the area alpar bently controlled by villa and other bandits could produce a quen city of silver it if they were properly prote ted now that it la Is worth more than a dollar an ounce silver Is in demand chiefly because british in dia has a favorable trade balance ol 01 about as estimated by the british government the na tives prefer silver to any other token of value and dislike any form of pa per money they hoard silver when they can get it and thus drain the world worlds s supply they ther also hoard gold but the government tries to keep it out of their bands hands to prevent the permanent loss of bullion that the hindus bury in the ground and thus die without disclosing its loca tion it is tar far better to let them bury silver than gold so the british government arranged to get got the sll ail ver in america british india is usually a debtor country to the extent of nearly 00 a year her sudden shift from debtor to creditor crell tor in her rela eions with the rest of the world Is due clue to the war in which she Is play ing a more important part than Is generally understood and her will dingness and ability to assist in win ning the war depends largely upon keeping her people satisfied by pay ing them in silver instead of paper promises india rupees are worth more as bullion as coins and it is impossible to keep the natives from hoarding them or melting them down to secure the tile profit this Is mexico a opportunity it would pay the mexican government to wipe ou the bandits and market the silver be fore the endom end of the war nobody can say what silver will be worth after peace Is restored but it Is not likely to command a better price than at present the world will not be corn com polled to pay india in silver if the balance of trade swings against her after the war comes to an end and the great tor for silver in india will thus be close d to mexico it is always wise to make hay while the sun shines and america would much prefer to help mexico to sell her sll sit ver in calcutta and bombay than to melt down the silver dollars in the treasury |