Tombstone epitaph., 1922-01-08

Europe may do in 1922 in trying to create a currency medium that will great doubt at this time possess less elasticity remains in
 It is known that British represents tives approached the Washington ad- ministration on two or three occasions during the past year for the purpose of ascertaining it's attitude on a pro posal to partially remonetize silver This included the Goshen plan. Silver holdings by the principal banks of Europe, exclusive Q. Russia at the end of the year were about s9.- o00,0O0 larger than at the end of 1920 The gains were by France. Germany. Belgium and Denmark and the decreases" by Italy. Holland switzerland and Sweden IL was reported that the Russian Soviet government had coined silver ruhles during the year but the statis. tcs are not available Japan also fol lowed the same policy and it was un- derstood that the Bank of France had been adding to its silver reserves for the purpose of inaugurating silver
 
 Mexican producers have been con, cerned during the past year with proposal to stabilize silver prices by pooling sales and in securing govern ment sanction for a fixed price" More than two-thirds of total yearly output is by this country and Mexi- co. The achievement of fixed price" in both countries would carry potential possibilities.
 Silver stocks at Shanghai, China, at the end of the year amounted 10 about 46,2o0,oOo ounces in sycee. 39,O00 900 dollars and $50 bars on May 19, the largest holdings of the year Note circulation in India is l7,236 laos of rupees again 16.O2l at the end of 1920. Silver coin and bullion is 2S.00O,000 ounces in sycee. 9. .oG0. 900 dollars and 1000 bars, compared with 7.729 lacs. compared with 5.9o3 lacs in the previous year.
 Foreign Trade important Probably the most important devel- o3ments during this year-aside from the indicated sensational factors out lined 'above-wil be those in our for. eien trade. especially with the Far East
 The entire overseas business trend in Asia appears to have changed The cotton mills Of England are idle while the new ones of China and India and the older ones of Japan are operating at complete capacity The Far East does not need manufactured products 10 the extent that il did before the war, but it does need steel and iron and machinery and this country can supply these
 It is even more significant that these countries prefer to do business with this country.
 In the past year they shipped more than s75,o00 000 in gold to this coun. try to pay for their imports because silver and depreciated too much to permit this
 For the next five years at least these countries should be large buyers in our markets.
 To make this positive, higher silver prices are necessary.
 If this country :s unmindfuI of these essentials. it is reassuring to realize that the great industrial in- terests of England-other than the bankers-are not.
 Higher silver prices are mare requi- site to the cotton industry of England than they are to the foreign trade of this country.
 "e closed 1921 at the end of a sev- enyear period Of excessive consump- tion and decreased production Wheth CT 1922 is to oe the sensational year that many silver experts anticipate remains 10 be seen, but if the world is to return to credit sanity it must he first reflected in this apparently inevitable re-enhancement of silver values.
 Copyrighted, 1922. by Coleman & Reitze. New York;
 KNIFE WELDED IN ROW BETWEEN NooALEs WOMEN