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Show BROADEN OUR CURRENCY NOT INFLATE IT At the present time, we make all of our $1 bills redeemable in silver. There is no reason in the world why the bills up to and including in-cluding the $10 should not be all redeemable in silver. That would release a vast amount of gold that is held now' in reserve for use for other currency. - Representative Laimneck, of Ohio, recently made a talk on the floor of the house in which the need of silves in our monotary system sy-stem was masterfully presented. Mr. Lamneck said : "It has been established that the beginning of the depression dates back to 1926, when Great Britain took India off the silver standard, the effect of which was to throw all of the silver of that country upon the market. This act, it is claimed, is more responsible respon-sible than any other one thing for the present depreciated value of silver to the extreme low level of about 25 cents per ounce. History His-tory shows that commodity prices and silver are usually on about the same basis, moving up or down together. The Somers bill safeguards the gold standard and protects all obligations which have been created under it, while at the same time giving silver its proper place in our currency system. "Those who are versed in currency matters recognize and now frankly admit the importance of silver in its relation to our present situation and the solving of the grave problems growing out of these conditions. By adding silver our markets would open up to at least 80 per cent of the nations of the world, many of them operating op-erating on a silver standard basis. They wrould become our customers cus-tomers and purchase our goods and help to bring back to us our lost foreign trade, which we so much desire to recover. The Somers Som-ers bill eliminates all the objections to currency inflaton that have been urged against other measures. "In my judgment, it is the one meritorious measure upon this subject that offers a safe and sane solution of present difficulties. It would serve the convenience of the people, in addition to increasing our circulating medium, and do violence to no interests. Its enactment into law would be a death-blow to the depression, and its immediate effect to stimulate business, industry, agriculture, agricul-ture, and benefit the millions now unemployed. "Some of the greatest minds of the country are giving this method of solving our currency problem serious study. They have come to realize that the broadening of our currency by adding silver is one of real merit in working us out of our present difficulties diffi-culties and this depression with all its horrors, if not finally to avert a revolution." |