Los Angeles herald., 1909-09-22
REHABILITATION
OF SILVER COIN,
EXPERTS TOPIC
JOHN HAYS HAMMOND TALKS
TO MINING MEN
GUEST OF HONOR AT LUNCHEON
OF SIERRA MADRE CLUB
Worlds Greatest Authority on Miner
oIogy Predicts Greater Use of
Argent in currenoies of
the Nations

! "The Rehabilitation of Silver was
the keynote of a speech by John Hays
Hammond, the famous mining expert
at a luncheon given in his honor yes
terday by the Sierra Madre club MT.
Hammond's remarks on this important
subject carried great weight for the
reason that he is recognized as the
leading man of the world today in min
ing circles and is close to President |
Taft and to influential men and affairs
on both sides of the Atlantic ocean. IL
is recognized the enlarged use OF silver
as money can only be accomplished
through such mediums, and Mr.. Ham
mond is regarded by we'll informed
men as being the unofficial spokesman
/ for powerful interests.
! While guarded in his remarks, Mr..
Hammond made it clear an interna-
tional movement is ON foot for the en-
larged use of silver as money, partlc-
ularly in the intercourse of business
with China and India, in which coun-
tries it is the principal medium OF eX-
change.
Mr., Hammond made some pleasant
remarks concerning his brief career as
a politician saying it needed no apol-
ogy, inasmuch as it was tallure. re
referred to Sidney Norman, secretary
OF the Sierra Madre club, as life long
friend, and said Mr.. Norman had asked
him to speak Of 1.-The spirit of the
west" He referred, feelingly, to the
! class of men who engage IN mlnlng'
and spoke of the Rocky Mountain cluo
Of New York, of which he is president,
as sheltering the best lot of men on
earth. He expressed the belief the
| Sierra Madre club, of which he is
charter member, will grow to large
proportions and do great work as
social organization of mining men,
Opposed to Free Coinage
Referring to the silver question, Mr..
Hammond declared he was not in favor
! of free coinage, and therefore had no
hesitancy in addressing his audience
on the dangerous question of the use
| of silver as money. fortunately for
rs " said the speaker, 1.-The statesmen
| and the manufacturers of both Eng
| land and the United States are be-
| ginning to realize the necessity Tor
| change in the rate of exchange with
| silver using countries II we are TO
get their trade. Insistence in the pres
ent system of mono-metallism will lose
| that trade for us and will force both
China and India into the business OF
manufacturing.
'This is, perhaps, more keenly real
lied by England. Balfour. the Eng
lish statesman, agrees with James D.
Hill, president of the Great Northe[H ns
railway system, the Importance OF
some change in the present monetary
standard wherein 1t affects our trade
| with the Orient, and a quiet move
ment is now on foot, supported by the |
great merchants Of the world and the
| owners of transcontlnental lines OF
! TRANSFORMATION with this end in view
Advances are being made, unofi-
cially, by Egland, to increase the value
of silver, and without doubt the mat |
! ter will come before congress. This Is
a question of extreme Importance, ana
/ ask your cooperation, individually
and collectively, when the matter
reaches congress"
/ Mr., Hammond spoke of the high |
standard of business ethics existing
! among mining men, and extended |
welcome to the members of the Sierra
Madre club on behalf of the Rocky
Mountain club. His remarks were
heartily applauded, and he was warm
! ly greeted at the conclusion Of the
| luncheon.
Mayor Says Few Words
The rooms of the Sierra Madre club
were tastefully decorated with flowers
and flags for the luncheon, which was
an informal affair." and the menu pre-
pared by NJ Chenard, club steward, |
was of the best. Mr.. Hammond and
the other members of his party, DR..
Lindley, of Lakewood, New Jersey, and
Mr.. Berry, of Mr.. Hammond's en-
gineering staff were taken to the CLUB
from the Alexandria IN Bob Mont
gomerys automobile, escorted by See
ley w. Mudd, president of the club;
Mr.. Montgomery vice president, ana
Sidney Norman, secretary.
Mr.. Mudd presided and first intro
duced Mayor Alexander who spoke
few words of welcome to Mr. Ham
mond, and asked his cooperation in
the efforts which are being made in
Los Angeles to foster the mining in
dustry.
Mr.. Hammond met many old time
friends among the men present some
of whom he had last seen in foreign
countries. DR.. Francis Kellogg, presi-
dent of the Yale society of Southern
California, and a classmate of Mr..
Hammond was present, and the Fwo
! engaged in pleasant "reminiscences or
their college days. Mr.. Hammond
leaves Los Angeles tomorrow for Salt
Lake City, where he will join Presi-
dent Taft's party on it's tour through
the coast states.
The following were present at the
luncheon: John Hays Hammond, DR..
Lindley, Mr.. Berry, Mayor Alexander,
w. F. Long, Mono Zan, Major jeffrey,
Sam A. Taylor, director American min
ing congress; DR.. Francis Kellogg,
president Yale Society of Southern
California; Frank Keith, consulting en-
| gineer Tonopah Mining company; r.
I. Rogers, vice president National bank
of Southern California; Seeley w,
Mudd, president Sierra Madre club e.
A. ("Bob") Montgomery, vice presl-
dent; Sidney Norman, secretary. and
]. L. Boyle and T. A. Johnson, direc-
tors of the club; L. C. Haynes, presl-
dent Union Exchange bank; M. S.
+ Gregory, secretary Union League club;
]. H. watson j. H. Moran, William
Cflynn, C. w. Wardwell G. A, May
!, land, Carl f. Schader, ]. e. Krepps.
/ w. L. Watts, II, L. Percy j. p. Har-
vey, George Mack. Jack Leedy, F. H.
Nettleton, Scott 1. Wellman, A. F.
Childress, Charles Greenleaf. T. ]. Car
rigan, e. d. Elson, Fl. E Needham,
Carl Andersen, George f. Beveridge, |
f. e. Brown, M. E. Redlands, and I.
II. Carrigan.