The Record-courier. [volume] (Gardnerville, Nev.) 1904-current, 1923-09-07
SILVER MEN MEET
in RENO TUESDAY

Nltnln the SHduOW Vi the statue
of John W.. Mackey, pioneer miner
of the west, silver producers of the
Americas gathered at the Education
building on the campus of the Uni
versity of Nevada this morning, pre-
pared to discuss the silver mining
question from every angle and to
perfect an organization designed to
bring bout stabilization of the indus
try, said the Gazette Tuesday after
noon. Close to two hundred were in
attendance, Canada, Mexico and Cen
trail American countries being repre-
sented.
"The silver producers themselves
must make some strong effort for
their own industry or there will be
no such industry in this country"
Senator Key Pittman declared, in
opening his remarks-A review of the
Investigations of the senate commits
sion on gold and silver inquiry.
''The silver industry cannot con-
tinue in the United States under ex-
listing conditions" he said. declaring
it was minded selfishness on
one hand and cowardice ON the other
hand that frequently permits some
people in an industry to make an eff
fort to make the industry a paying
venture, while others make no effort
at ALL"
We'll never succeed until we try"
the Senator said.
This mornings session was taken
up with a review of the work of the
senate commission, Senator Tasker L.
Oddie, chairman of the commission,
presiding. and telling of the work ac-
complished laready and of that still to
be done Senator Pittman reviewed
the work of the investigation of silver
purchase ALLEGATIONS, while Senator
Frank b. Gooding, of Idaho discussed
the importance OF organizing and Of
fered his whole-hearted support to the
proposed silver export association.
Senator Pittman said that he ex-
pected to introduce resolution with
in the next day or two which would
provide for the appointment of COM
mittee which will adequately repre-
sent the silver producers and proceed
Immediately to work out an organ
ization, and place the industry on the
basis it should be on.
The meeting was opened by Senator
Oddie shortly before 10:30 am A
welcome to all visitors was extended
by the senator, who introduced Sen
ators Pittman and Gooding, and an
nounced that Senator Walsh, of Mon
tana another member of the commiss-
sion, would arrive this evening. Gov.
| Scrugham was also introduced and an
invitation was extended to visit the
Mackay school of mines. Senator
Oddie then gave a history of the COM
mission from the time of Its Great
I ion and the authorization of the Reno
meeting. Details of the commission 5
investigation were giver briefly, the
senator charging that Under-Secretary
Gilbert of the Treasuy department
used the Pittman act in a manner
that was a detriment to the silver
producers.
He paid a high compliment to Sem
ator Pittman's work in the investi-
gatins, and also to Harry M. Rivca
secretary Of the Nevada Mine Operat-
ors' Association, Charles L. Rich
ards, Nevada's new member of con
gress, was called to the Platform
during the ession when his presence
vas discovered in the auditorium.
Much of Senator Oddie's remarks
was devoted to statistical data gath
cred by the commission and by it!
experts, which included a detailed re
port prepared by the department OF
commerce on the worlds silver pro
duction and consumption and its dis
tribution. These statistics howed ;
falling off in world consumption o.
the white metal, reduction in ths
weight and fineness of silver coins il
fourteen foreign countries and tn,
virtual elimination of silver coins
from the coinage of many countries
by paper currency.
The Investigations of the depart
ment of commerce showed there wa,
no sentiment for bi-metalism in an,
part of the world, the senator pointed
out, and no general movement fo
coinage to replace the paper currenc.
in circulation in foreign countries
The industry has been discontinued
in many countries, it was pointed out
while in others it is even prohibited
The silver circulation has increase,
in a few countries, but the deman,
for the metal for reserve purposes II
foreign countries is hardly noticeable
, it was stated.
Thee is an urgent need for organ
} ization," Senator Oddie said. "An or
ganization that will permit in restor
alton of the silver industry is mos
, essentian.". He declared there wa
not a large amount of silver on tn
, market at the preent time. and sal
that If there was sudden demand fo
a large quantity it could not be oh
: tanned He urged that New Yor
should be the leading silver marke
of the world and pointed to tn
, heavy purchases by China and Indi
this year from New York. indicatin
| that these countries realize they ca
E purchase the metal cheaper in thi
country than in England.