Show OUTLOOK WELL KNOWN utahn A G mckenzie of the utah chap ter of the american mining con gress who returned during the week after spending two months in the east confirms reports that the price of silver is to be fixed at one dollar doliar this matter mattor has been practically set tied and the formal announcement is expected within a very short time the government governments s scheme as pre announced is to satisfy trade balances with other nations by reducing to bullion a quantity of silver dollars now in the treasury and withdrawing from circulation their equivalent in silver cates these to be later replaced with federal reserve notes to offset this withdrawal of silver the government agrees to purchase a amount of the white metal at one dollar per ounce the initial pur chase will be about 50 oab u to be followed by other heavy pur chases on the question of the excess ex s p pro fits tax mr mckenzie Mc Kenzle says he ar ranged with the revenue department to make adjustments in cases of mining companies hardly in a po to comply with the strict let ter of the law through faulty ac ae counting or lack of organization so that these companies would be tax ed on a basis of normal concerns whose statements and accounts can be more definitely determined these companies he says must report the facts however crude and from these reports the revenue department will determine the tax mr air mackenzie says there Is no disposition on the part par of revenue officials to be tech in these matters their on only ly de sir being to equalize the thing so that all companies will be treated on a like ake basis and after all this Is all the mining companies have asked for that their circumstances be properly understood and that they be dealt with on a basis compatible with the peculiar conditions under which they operate |