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Show GIOLD AND SILVER PRODUCTION PRO-DUCTION In J1020 otir nitnlriB states Includ-, jJ5 Alaska, Philippines and Porto Kl-eo Kl-eo pr6ducled 2,396,017 ounces gold 140,C0!l.4OO and Sfl,SCt,BOt oUnces illvcr worth $67,420,325. J Compared with 10ld production these flgutcs Indicate reduction In' gold output of $10,824,000 and An silver output of 117,941 ounces Silver Is valued at $1.01613 per ounce, being tho avoraco price based I on the No,w York market. By tho terms of tho Plttman act tho domco-. domco-. tic silver produced and reduced In I tho United States Is salable to tho. director of tho 'mint at fl.00 por tlno ounco, Gold figured at $20 an ouhco Is produced at a loss, and largoly sold uncoined for industrial uses. Tho McFaddon bill, or some similar sim-ilar law, Is necessary to stlmulato gold production In our country It wo remain on a gold basis. t |