OCR Text |
Show EXTENDING USE OF SILVER. Professor Irving Fisher, Yale University international economist, says that gold is no longer a stable standard of value, and that its purchasing power should be stabilized to prevent evils of inflation or deation by larger use of silver all over the world. The Treasury has embarked upon a campaign to restore the silver dollar to general circulation. An initial step was taken when one of the coins was placed in the pay envelope of each of 5,000 Treasury employes. Similar action wil be suggested to other government govern-ment departments. Paper has been supplanting silver dollars, but upkeep of paper money costs the government around 3 per cent of its total face value, while maintenance of silver dollars costs practically prac-tically nothing-. |