The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1923-07-19

has regulated the silver market with /
autocratic authority. A few bank
ers in Threadneedle street, like the |
great firm of Samuel Montague 3
Co. come together every morning
and arbitrarily say what the world
price of silver for tie next "a hours
shall be. It is fixed in British cur
rency, and, presumably, whenever
occasion demands in British inter-
ests.
"That is not unnatural or even
reprehensible, as long as the silver
producers of the world care to
tolerate London's domination. If
there are valid reasons for the per-
petuation Of British control Of the
silver market they will probably be
advanced at the Reno conference.
There certainly will be urgent pro-
posals that the American republics
shall take in hand, In . spirit Of
self determination, the regulation OF
an industry in which they are the
main factors"
Senator Oddie is at great pains to
make plain that the Reno meeting
in no wise contemplates q propa-
ganda either at home or abroad for
lbi-metalism. He insists there ID no
16-to-1 business in the conference.
He, himself, is q confirmed sound
money" man and foreshadows that
sentiment at Reno will favor the
maintenance of the gold standard
throughout the world.
Nevertheless" says Senator Cd
, die, "there il Legitimate occasion
for pan-American silver producers to
counsel and confer on the state Of
the industry. It is not in decay but
| it certainly is in decline.
"The Reno conference aims to
arrest that decline. Prices are abb
normally and inexcusably low. We
, shall discuss ways and means OF
/ popularizing the use Of silver for
, currency purposes in all countries,
i particularly in lands other than the
, United States. We need q silver
, export association, organized on the
, lines of the cotton export associa-
t ton. Its task will be to keep IN
/, eve on everything that is happening
lin the world market, in order that
4 silver producers may shape then
RI policies accordingly.
Il "Our principal aim, Of course, II
, to evolve conditions that will justify
la greater output Of silver. OuI
mines today do not approximate
} maximnm producing capacity. IL
. expand output on safe and SAINT
{ | lines il che ultimate objective Of
{ the Reno conference. Throughout
: the world, during and since thu
iwar, governments have inflated theil
/ currencies with paper issues. Sill
liver coinage has failen into CORE
| | spending disuse and ,AisEepute."
As far as United States pro
: ducers are concerned, Nevada, Utah
. Montana and idaho, are DNr Srea
silver states, they frankly aspire +
fla more closely knit organisation p
Washington. They want to BE- abl
! to make the voice Of the industr.
a | felt In congress a. the farmers dc
5 They believe that for them, ~ TO
k Others, there is strength only il
union. The one recent piece Of sil
n yer legislation, the Pittman ACT
y was an emergency war measure an
o even that, che silver men claim,
now being MiOlated by a hostil
treasury.
Senator Oddie axeceeded to tn
Craftsmanship Of the senate gold an
silver commission after the death Q
Senator Sam Nicholson Of Colorado
He is q practical silver mining eng
neer, having been one Of the Il
caters of the famous TonoRah silv<
fields of Nevada.
He is also president Of the Wasl
s ington chapter Of the American Il
e stitute Of Mining and Metallurgic
y Engineers and will be the charms
l. of the senate committee on min
% and mining in the 68th congres
e Senator Oddie intends advocatil
# the creation of . department
n mines as q cabinet office, declaril
ID that the mining industry u entitl
lie to such recognition because Of
le paramsunt importance to Amerie
l. national welfare.-Tonopah Be-
A. ANA.