Show mining items of interest this week SMOOTS BILL LD SEND PRICE OF SILVER TO the smoot bill providing tor for the payment of the war debts in dilver fil lver should have the support of gold standard men industrial leaders and organized labor and agriculture says say a statement issued tuesday by the international silver commission in response to the bill introduced monday by senator ator smoot it Is 13 the opinion of the international silver iver commission that this move will result in the rise of silver to at least an ounce and to maintain its natural ration to gold while the gold standard remains undisturbed the statement follows annual war reparations payments to the united states amount to these will be paid revised or repudiated Pal payment ment in full seems highly improbable repudiation unthinkable and revision just a matter of time assuming a 50 per cent revision the payment next year would be reduced to the worlds leading economists and financiers agree that gold Is 13 not ava available it to meet such euch payments an annually the smoot bill makes it pos possible his tor for these debts to be paid in silver it provides unlimited use and a new demand tor for the white metal I 1 STAR or OF UTAH AND MAYI LOWER writing to a friend in denver the past week charles moore said in a reply to a query regarding the star ot of utah and mayflower flower properties our calculations right now are to start the properties up again and carry on the work night and day and start to a ship hip ore and make a little money right after the first ot of january if metal prices and financial conditions continue to improve slowly if we dont have another big financial setback set back and it if general financial conditions throughout the country end and metal prices dont look too discouraging right after the first of the year we expect to start operations again and we think we can soon be on a good paying basis of course it may be a year yet before metal prices will be such as to allow us to make any great lot of money great will be the rejoicing in park city mr moore it if your calculations materialize SILVER TO BE SAY A FORMER republican U S senator SENATOR the united states can should and within three years will without the necessitated assent or operation cooperation co ot of any other nation silver on the basis ot of 16 to I 1 asserts jonathan bourne jr former united states senator and for 10 years president of the republican publicity association he asserts and challenges intelligent criticisms of the following statements first the of silver on the basis of 16 to 1 would immediately thereafter double the volume of the worlds primary money with a resultant increased conservative credit basis ot 0 f twenty times the amount ot of primary money thus added to the worlds stock second within one year after the of sliver silver the worlds price of wheat cotton and sympathetically all agricultural products would be more than doubled in their monetary value third our present tendency to reduce wages in this country would be checked and within two or three years after the ot of silver the tendency of increased wages would generally develop throughout the united states fourth our foreign markets would steadily increase by helping china ins dla russia mexico and the south american nations fifth it would do more to revive t trade d throughout the world than any ortee other single action that could be taken by the united states or the world in general sixth the securities especially the common s ccok of all corporations enjoying honest efficient managements and properly financed it if listed on some of the he great stock exchanges of the country would almost contemporaneously show increased activity and market values and probably within a period ot of two or three years reach prices in excess of those attained in 1928 prior to the debacles of 1929 and 1930 ENTITLED TO PERM PERMANENT NENT PLACE W R hodge writing in skillings mining review says it has been suggested that silver in all likelihood will pay a more important role in finances in future years than at any time in the past it appears to have been discovered that sliver silver Is not arx an occasional financial servant that can be called upon to help out in a jam it is entitled to a permanent place we should have found that out in the last year or two the sudden drop luthe lu la the value of silver was unquestionably an important factor la actor in bringing on the worldwide world wide depression and in prolonging it the purchasing power ol of whole countries was reduced to a traction fraction ol of lormer former levels almost overnight every country every business every working individual felt directly or indirectly in large degree or small the result of that following recommendations ot of a committee of experts ot of the international chamber ot of commerce representatives ot of the most important silver interests ot of the tee united states and europe will be invited shortly to meet in london or new york to study the committees stabilization program it if the peoples ot of the world are awake to the inexorable econom economic iq laws ot of cause and effect they will that conference every success THE STANDARD OF COINAGE 1 in considering the silver question sir henry deterding the famous english financier said recently it Is absurd to be tied to one metal gold ot of which there Is not enough to go round and of which the bulk has been cornered by two countries the world seems to have gone pried mad in the search tor for gold which tor for practical purposes Is useless while necessities essi ties ot of life such as wheat and cotton are almost why be tied to a single standard when nature has provided in silver another metal equally suitable for currency purposes why not fall back upon silver as a second string in the present currency crisis countries which have adopted a gold standard seem determined to vie with one another to rid themselves of their stocks of sliver silver at all costs it Is this boycott of silver by those who wish to make gold the only standard which has caused the disastrous tall fall in silver rather than lack of demand ane most encouraging phase of the bit silver problem now Is the effort being giver given by business and by governments to solve it the re establishment of silver on a fair basis would woud not suddenly create world prosperity but it would do much to clear the economic clouds now menacing all great nations STOCK SALES FOR MEEK FRIDAY park utah sl 32 new quincy be park city con 2400 I 1 11 I 1 A and silver king coalition 0 and SATURDAY new quincy 1500 ac silver king coalition and 3 65 i MONDAY v new quincy 1000 ac I 1 park nelson 1000 2 ic C park premier 1000 51 sc ac silver king coalition 3 50 down to 3 25 TUESDAY new quincy 2000 ac park city con 1000 Q c llac alac park premier 1000 alic 5 c silver allier king coalition 0 WEDNESDAY park city con p i 11 and new quincy 0 ac park utah CT 61 30 and 1 I 1 25 silver king coalition 3 35 park city con 2500 0 loyac 1010 park utah 0 1 35 sliver silver king coalition 0 3 50 tENTS silver king coalition park utah consolidated I 1 total a |