Mohave County miner and our mineral wealth., 1921-09-16

senator Key Plttman or NeVada, one of the foremost authorities on sil- yer, in a recent address before the New York section of the Mining and Metallurgical society of New York, gave some very interesting inforna- tion concerning the framing of the Pittman act and the future of the white metal. Senator Pittman em- phasized the fact that, although he has no fear of the Pittman act be- ing repealed, because of the chance of nasty and improper legislation which might effect the silver indus try, mining men should be advised of every act and every action relating to this important legislation so that ap- propriate aid may be forthcoming at the proper time, says the Tribune.
 In the course of his address Sena- tor Pittman explained that the price of silver was fixed at a dollar because of conditions existing at the time; the government is in honor bound to maintain that price until the quantity it sold under the Pittman act has been restored But, aside from this, the increased quantity of silver that the dollar price makes possible, is matter of sufficient importance to warrant the government maintaining this figure.
 Newspapers, he says, have made ab- surd statements in regard to the Pitt man act. They have used violent language in reference to the passage of the bill, and those articles are bound to have their effect upon per sons who are guided by impressions rather than by arguments and facts. These attacks made it necessary for us to discuss frequently, in the most elementary manner, matters that should be of general knowledge.
 Subsidy Talk DisprOved.
 A damaging broadside is fired by Senator Pittman upon those who state that the government has subsidized the silver industry at the expense o1 the American people. Concerning this phase of the topic, Senator Pitt man says:
 "There is complaint against the government of the United States foi paving a dollar an ounce to the pro ducer of American silver when silver can be bought in the open market al so cents an ounce. The United Stat es government is not the party whc is having the producer $1 an ounce it is simply turning over the proceeds obtained from the British govern ment. The transaction is not costing the taxpayer one cent.
 'The government took away the SC curity from the silver certificates ane sold it to Great Britain, with the un derstanding that for each dollar paic to the government, dollar would bf maid to the producer for an ounce o1 silver. The government has lost noth ing in making this contribution t' the war.
 eIt cannot be considered for on' moment that the senators who sol emnly entered into the contract witl the government, who understood wha they were doing, who participated Il that compromise, are ever going t' dishonor themselves and their gov ernment by attempting to repeal tha bill, solely because the governmen could gain 10, 15 or 20 cents an ounc' by repudiation.
 Indian Needs Cause Crisis
 sIndia and its demands for silve caused an unusual condition, whicl had to be met by British financiers A shortage of silver made condition in India unsatisfactory and even dan gerous. Germany, knowing of thi condition, sent it's propagandist arapng the people to incite them t rebellion.
 "Then the British sought for sil ver," says Senator Pittman. "The themselves were astonished that ther -