Ogden Standard-Examiner | 1924-07-27 | Page 5 | Mining Men Oppose Melting of Coin

MINING MEN OPPOSE MELTING OF COIN SACRAMENTO Calif Calli July 26 Ono One On of ot the th major problem to come bet before ore the th annual l con con- convention con ot of t the th American Mining hen nhen hen It meets here her Sep Sep- September September Sep September I 21 n to October 4 la is I the th huSu hu loss the th country I Is said ald to autte evory very year through th the destruction tion of ot gold told coins At present no l law w prohibits prohibit the thu melUn melting down lown of ot gold Old coins coma und and thus the use of ot such metal In th the tur turo ture of ot jewelry and In th the tho ort arts Proponents Proponent of ot a 0 bun ban on auca tm lt- lt I Ing contend that the fits ten tn and 20 dollar gold old pieces minted nt at the I expense of ot the th taxpayers tI are ar removed from rom clr circulation and nd from I tue media of ot exchange to ho bo b turn turn- turned turn turn-i ed cd Into luxuries Their opposition Is based bard principally on the tho th fact that I I gold has bas a tl fixed 1 price set et by th thi government rov nt unaffected un by supply and and demand unlike other con com I conI I I An destruction anti law liw for tor gol coins colna T IH ili be b agitated ted at the lh con con- convention con convention and th the attitude of ot th the tir cn-tir en- en entire entire tire minIng industry will wilt be ed d out It th the tho nt I la is f favor tavor- favorable vor-abl vor able steps t p will b be taken to h have such a bill presented d In congress