Show SILVER production ESSENTIAL 0 best official statistics show only 58 million dollars gold available yearly for coinage purposes for the whole nv world orld with billion dollars bolth paper money issued in the past tw tin 0 years this lea lean es only one tenth of one per cent gold for monetary basis there is an inadequate supply of both gold and the world ovel production in 1920 was only ounces purchases by the U S under the Pitt mair marr act are only ounces a yeal and mexico and C canada anada produce only ounces the crusade to repeal the pittman act on theory that it is an expense to the taxpayer is a fallacy the TJ U S treasury sold ounces of silver to england during the war at an ounce when the market price was above under the pittman act the treasury was empowered to replace this ounces at an ounce the price it received replacing this silver under the pittman act is not only not at the expense of taxpayers but is simply justice to the mining industry which was prevented aiom selling silver to england when the market was high if there was ever a time in world w orld history when we should do everything to stimulate production of both gold and silver it is now and the pittman act in the in terest of silver mining should be backed up with the mcfadden bill in the interest of gold mining these matters will be fully presented at the inter national mining congress to be held in portland oregon april ath to ath |