OCR Text |
Show T.he Fight For $1.00 Silver Nothing would boost mineral production pro-duction like 11.00 an ounce for silver. sil-ver. -Western states naturally lead In this fight. ' Tremendous increases in exports of silver to the Far East are shown in figures of movement of precious metals for 1917. . , .China took $18,106,600, twice as much as In the previous year; Honk; Kong 'bought $8,612,787 worth, as compared with $3,197,341 in 1916; and purchases by British India Jumped Jump-ed from $2,384,467 to $24,392,402 China and India virtually have been denuded of their silver coinage by high prices for the metal and by war exigencies, China has shipped great quantities of stiver to British India for account of the government to replace money sent to pay Indian troops. China also found It necessary to Increase Its sliver coinage because of the export of millions of cash when copper became moro valuable than the monoy. To replaco silver exported, tho United States Increased Its Imports frrom Mexico, which sent this country coun-try $32,000,000 worth of bullion. Mexico in return, roceived nearly $13,000,000 in gold, twelve times more than in 191$. Japan and Spain were tho only - t countries to receive moro tlia.n $100,- 000.000 In gold from this country i last year. |