| Show I 1 r car of silver ave I 1 r ore goes to war N A 7 A aw j P 4 silver tho the turbulent metal may go to war instead of lying idle idie like its ita companion metal gold silver Is likely to join with copper load and zinc and la Is helping the democracies in struggle to win the war tons ot of the valto metal may be ba made a available to industry to take the place ot of other klier metals which have become during tho the current crisis in many instances it Is being used to replace copper as it la Is a good conductor 0 of electricity and various other vitol vital uses under the plan silver Is to bo be loaned blaho by he treasury department to the war production board for or the duration of the war I 1 during its career silver has been tho the subject ot of more controversies both nationally anil and internationally than any other metal it has ben been tIcked I about politically since it was waa in 1871 1873 yet it hns always come back to take its place in via sun there are it a few ew academic economists noril sto in n the east cast who still bellevo that tho the western silver miner was plundering the united states treasury when prices ot of from 64 5 to 77 57 an ounce were placed upon the whito metal the hue and cry went up that the western sliver silver bloc in congress put one over on their colleagues in congress the facts acts are that the silver purchase act of 1931 mado made a for the treasury prices Price paid to the silver miner tor for his metal were about half of 0 tho the 1 29 per ounce which the treasury department received when it became coinage since the silver purchase net the stock ot of silver in tha united states has been built up to td 3 ounces this huge stock at 0 metal together with the gold reserves la Is one ot of the most comforting factors actors in the thought 0 post war economy this metallic base Is one or of tho the strongest stronger Jt Insurance a against inflation ani and worthless money acar A currency backed by the hugo huge st stock ock of 0 silver liver and gold in the unit united ad states vaults will always be of 0 value in addition many economists her believe that it will yet play a 3 vital role in the war before it Is over the tha orient particularly china and india hold bold the largest hoarded boarded stocks of the white metal and their moony money li 13 of vital concer concern rk to the tha world in general |
