Show iam 00 4 S H M i I I 1 senator king advocates Oon Con gresi grest it ka ional lonal actton action aimed to st stabilize A all silver 0 consideration by congress of legis lation to stabilize lize silverias silver was advocated by senator king of utah in a senate speech in connection with 4 the presentation by the senate of resolutions adopted at the recent convention of the american mining congress at denver senator king stated that the reso lution Is of such national if not international importance that it should be bi ought to the attention of congi congress Con giess ess and x efera ed to the ap committee the senator als asto bald said that the chaotic condition of the worlds currency has led economists to reexamine the question of bl bi bimetal 10 or the question as to the function of diver liver hi in the monetary system the awakening of the orient the certain increase of trade between india china and japan and the nations of eusope and Am ameilia Amei eilea ica emphasize the importance of the silver question sold sad sen senator king I 1 silver has been and will mill continue to be employed in the orient tor for monetary uses indeed it is practically the only money in circulation in most legions of the eilent the prosperity of the orient and the development of trado trade among the people of asia depend largely upon silver it the use of sll sil 0 vei should be or its value 4 1 I 1 A measured moa mea suied by domestic products greatly changed the reaction would bo be deiy great and the results could not be fully anticipated the united states as a producer of silver Is interested intel ested hi in the prices which it will 1 l bring it is interested in the place chih silver shall occupy in the mon monetary ettry system not only of the united states but of the world it seems manifest that with the epha tion of the pittman act the pi ice lee of silver produced in the united states will tall fall much below the dollar mark m which aich now is the price of an ounce of silver A depreciation in the pi ice of sliver silver would be in jui judious lous to the 11 avest est indeed it is dif ficula to determine the effects that would flow not only to the avest but to the anthe countie tiie the resolution is temperate to in language admirable phrased and contains a 9 sound recommendation I 1 hope the I 1 committee on banking ranking and Curi currency ency will fully investigate this important matter and make i ic commendations tending to secure the international stabilization of silver engineri ing and mining journal july 29 1922 N 4 44 u |