Show western mining conference urges silver control contro DENVER colo ju june e 21 trans fer ol 01 english control of the silver market to the american m ning ta in teresta by the formation of a north and south american silver prodoc ers and international coop to prevent substitution 0 other metals than silver tor for sub sillary coinage were the principal points advanced today before before thel the western mining conference here i speaking of the future of s bulkeley wells ch ariman of tha western mining congress committee committe dr urged that the silver market must be protected and that to attain this goal a consolidation of the north and south american producers must be effected in competition with the london mining interests he becom mended the establishment of an agency to consist of the leading sll sit ver mining raining operators la in this coun try to direct the affairs of this con soli dation mr wells declared a conference recently took place in new york and that representatives of 86 85 per cent I 1 of the stiver silver producers in this coun try were present tentative plans for the formation of the cooperative organization were discussed I 1 eighty per cent of the world worlds s supply of silver Is being produced in north and south america and the formation of an association to pro hect the aver market would include every producer in those countries of the anglish minitia in te ss mr wells said Z other ther speakers urged that the enormous increase of world credits and financial transactions make necessary an increased volume of ba sic money it was declared also that the price of schier under the pitt man act has not brought about that increased sliver silver production ion which would have resulted h had d mining costs been such as to permit the min mill ing of gold and the base metals on a profitable basis the currency shortage existing in european coun tries and the resultant business dis tress was cited as proof of 0 the worlds world s need tor for an increased amount of money metals |