Tombstone epitaph., 1920-07-11
HOW S2 SILVER CAN AND SHOULD BE
 ASSURED

Predicting the rise of silver to $200 an ounce, the Financial Review. of New York. says:
 The immediate future price of silver. whether It wll ladvance above Sl depends upon the att tude of bushes sin this country. De wish the large volume of Far Eastern trade particularly that of China If We do will have that undue restraint upon the silver market is exercised has been i'll the past 47 years and especially in the past F months. Silver below s20 removes China from markets because 1t is high unproable for that country to purchase our products i'll deprecated currency.
 It is reported that China has been in our markets e- gently for he purchase of 25O00 looms and 100000 spin GeS It is said that 1t prepared previous to the drop III silver. to di the greater portion of its import bus ness to this country From 1904 1918 these imports increased 2i4 per cent in April 1920 they amounted to Sl4.09S.6O0 against $5,0O0,O0O in April 1919
 The trend is towards much higher prices i'll silver higher even than the price of $37 2 reached Nov 20 1919 In this country the Putnam rc-purchaSe pro vision provides not only for the purchase of 201OOOOO0 ozs our years total producton but the Director of the Mint is empowered to purchase foreign or1gn silver the volume of which is rather small On the most colserva- tive estimate yearly shortage Is more than -9oW'looo ounces.
 We have in the Pittman and coinage provisions a guarantee of $1 00 silver for many years but have guarantee that will silver above Sl.2o that will be in position to trade with the Far East fair and honest basis. This guarantee Is assured however, if able bring sufficient influence up Washington prevent undue pressure from London First 1t will be necessary to stop the sulleputous ship of gold through London. and secondly. We must have understanding with the British Empire to rights to do business with Indian on silver basis and thirdly the coming financial conference Ill Europe the secret manipulation of silver through pressure the German and Austrian governments. The realization however that huge paper money issues must be backed by hard money and partly cancelled would practically price of nearly S2OO for silver There must be international agreement that silver is not 'mere commodity and the Democratic party will profit largely if it listens Senator Thomas and proposes such an agreement President Mckinley did in lS97-a pro posal that met opposition in but one direction that by the British Empire
 That there would be criticism of the action of the Treasury in meeting the obligations of the Pittman law that the silver dollars melted down and sold at low price must be re-purchased when and if silver declined to $1 an ounce-was inevitable and of youthful financial critics trying to appear wise after the fact by arguing in ignorance of cause and effect American silver producers insisted in 1917 and 1918 that Great Britain should be compelled to purchase silver at the market and that dependence upon the silver dollar of government unjust since this silver dol lar sort of political sop for the injustice
 mmted against this country interests in the silver demonetzati act of 1873 American silver producers, although they sacrificed profits exceeding $1OOOOOOO during the worldwar period have not asked the govern ment advance $000000 the of the railroads or $1O0O 100000 requested by the wool growers to " their product for higher prices. They have simply made the request that the natural tendency of the silver market be permitted.
 Ii to have silver market free of restraint We will have $2 silver that is positive daylight even in Ptsburg and in this go 12 cent silver epur chased by government although it may be unable tO secure half of the 20 100000 will prove to have been highly profitable undertaking.