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Show MELTING OF GOLD COIN FOR USE IN ARTS IS OPPOSED ST. LOUIS, Mo.. Nov IS Pi oho bitlon of the meitlnp of gold coin for, use in the arts, to aid the gold ruining industry and help preserve the gold standard, was suggested by George E 1 Roberts, vice president of the National City bank of New York, in an address read before the American Mining Con-. i gress today "It has been the policy of the United ! States to sell gold bullion in small, ; bars through the mint service in order to discourage tho melting of coin," he; j said. "We have no law against the melting of coin as is the case in England Eng-land and most other countries. Of i course with our great store of gold i coin freoly available it is Impossible to raise the price of gold bullion, but if) our coin stock could be effectiv ely pro J tected bullion would immediately cease; j going to tho mints and bo salable at a premium " Mr. Roberts said that the gold mining min-ing industry' In the United States had been seriously affected by advancing cOBts while its income had been held down by the fixed coinage value of gold, $20.67 an ounce. Meanwhile the consumption of gold for manufactures has been larger thau ever before The United States is almost the only country in which gobl producers aro j .unable to obtain a premium above the mint price, he added. i |