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Show STABILIZING SILVER. Senator Key Pittman of Nevada believes that the abandonment of the gold standard of coinage by Great Britain may lead to a solution of the world silver problem. England's move will probably result in a silver conference among the world's great nations, with the purpose pur-pose of stabilizing the price of the metal at a normal level. Many economic authorities are of the opinion that the present world depression was largely brought about by the decline in buying power of such countries as China, India, Mexico, Mex-ico, etc., which have the silver standard. stan-dard. When the value of silver went down, their purchasing power dropped accordingly. Stabilization of silver would bring this buying power back and, from a national standpoint, would mean an industrial revival in our mining states. |