Show Frank Marble l Heads International Union J. J Frank Prank Marble Bountiful Utah bas baa been elected I president secretary of Dietrict District District Dis Die No 2 International Union of Mine Mill and Smelter Workers for tw two yews yet winning over Joseph Fritch of ot this city in the election conducted by mall mail Mr Mi Marble was appointed secretary president-secretary a year ago filling a vacancy when Dan Edwards was chosen on the tho international executive committee OFFICERS ELECTED liE HY UY NEW NEV PARK UI Stockholders of the New Park Mining com company pan have havo reelected the following di directors directors di- di rectors W W. II 11 II H. H Cranmer Craumer Fraser Buck Duck F F. F Koehler Harry Morse Harold Rad Raci- datz datS James W W. Wade and R. R C. C Wilson The following officers were reelected Mr Mm Cranmer Cranmer Keetley president Sir Ir r. r Wilson Salt Bait Lake City vice president and treasurer Mr Buck Duck Park City secretary secretary sec see George Barben Darben Park City assistant assistant assistant assist assist- ant secretary WILL LOAN SILVER TO INDIA 00 The vital Importance of silver sUver in the economy of our western mining operations operations operations opera opera- Is well known Mine operators re received received received re- re a a. Jol JoI with the announce announcement Dent from that London the United StateS StateS' go government gov- gov would lend India ounces of the white metal to combat Inflation In that part of the British Empire Tho The price of silver sliver often means the difference between profit and loss lossIn lossin lossin in lead zinc copper and gold mining operations Any act that ten tends to re reduce reduce re- re duce the world price 0 or ole silv sliver r is b mental to successful operations of these properties During the first World War a large tonnage of silver sUver was loaned to India but the return of at that silver to to the U. U S. S Treasury at the loan loaa price was guaranteed by the British government The report from London on the tho present transaction makes It plain that thIs new transaction Is between India and the United States with no guarantee from Britain that It Is to be repaid Senator Key Pittman of Nevada at the time of the World War I loan had a a. specification Inserted In the loan agreement that the silver was to be returned to the U U. U 8 S. Treasury at the same price It was loaned loan loan- ed eel ed 1 an ounce But Dut loans loons In In those days had to be made with the tho approval of Congress Congress' Not s so today with the Washington administration being able ablo under lend-lease lend to carry out a a. wide i array of at foreign activities through so so- called directives which lend-lease lend legislation legislation legislation legis legis- lation by Congress have made lawful Washington say that the price of silver sUver in India does doea not affect metal mining in Colorado Utah Nevada or Idaho The price of silver In ln foreign lands landS' is 18 based upon the law of supply and demand If great tonnages of U. U 8 B. Treasury silver are loaned to foreign allies alUes to break the soaring price of at the white metal the tendency In this country country coun court try will wilt be to hammer silver sliver down to the foreign price This would of course Interfere with the metal mining industry in th the United States But Dut on the other hand band In face of the coming International al monetary conference In the United States we may find that the growing I demand for silver In India will make the United States and Britain more favorable favor lavor- able to international bimetallism LOCAL L STOCK SALES THURSDAY Y New Park Park 74 74 0 El Silver King Coalition Coalition jj fIR i. i FRIDAY Silver King Western Western Western-SOO jj ej 0 New Park Park g SATURDAY East Utah utah Utah-bOO 1000 w fIR Park City Consolidated Consolidated cj liP 10 Silver King Coalition c MONDAY Curb sales sales Park Park Utah Utah TUESDAY New Park sold l WEDNESDAY New Park Park a fIR 1000 Park City Consolidated le tf Silver SUver King Coalition Coalition ij SIlIl SHIPMENTS New Park Park Utah Consolidated Silver King Coalition cons Park Utah Keetley Total I |