Show SILVER MINING MEN ALARMED At the Denver meeting of the American mining congress T II Brownell first Ice president ot othe thc American Smelting and Ite- Ite Ke Kenning finIng nning called attention to the fact that Indian banking com com- corn has re recommended d that In- In India In India dia be placed on a gold basis be beginning ginning with 1931 Brownell de declares clares this proposal It 1 put Into ef effect would bring a crisis In the sliver mining Industry disturb the financial equilibrium equilibrium ot na- na nations na nations Increase the value of and the owners of silver In India It Is estimated there are ounces of silver la In that country This silver would de- de de demoralize moralize the tho sliver silver market and andIn andin In turn wreck the Cot tunes oC those In India who have hoarded sliver The plan is to take ten ears in converting India to the gold basis during which time the ounces ot of silver would be disposed of at whatever price might be obtained Tho moment India ceases to be bea II of silver that metal drop to a price far the pres present ent cost of calls callson callson on the mining Interests to do all In ir thir power to prevent the put put- putting putting ting Into effect of the proposal ot the Indian banking banking Elon Elon Of late India has been import Import- ImportIng importing ing lare large that quantities of gold which that India is well on the way to the gold standard standard Even without legislation It Is India will become a less con consumer sumer ot of silver It might be well for those In control of India to the change to come ome gradual gradually ly Iy through natural processes rather than by arbitrary decrees If that be done the transition will willbe willbe be slow glow and allow the mining try to adjust itself to the new c di 1 OIlS It it can be shown that the thea thea a andard Is essential to the of the rupee it will bo dC cult task to persuade the o of India under the guidance of Great Britain to niter Its outlined plan of action ex except to bring about the change In Inthe inthe the least disturbing manner |