Nogales international., 1932-10-08

silver when it comes into national
power next month, United States
Senator Carl Hayden assured
large audience in an open air meet
ing for state Democratic candidates
in front of the Nogales Information
al building Wednesday night. 1t was
the largest crowd ever at a political
rally in this county.
president Hoover has consistent
ly ignored to call such a conference
despite the fact that the senate vot-
ed he so do two years ago." SEN
ator Hayden said. THAT is not the
purpose of the Democratic party
nor it's presidential nominee. I know
that Roosevelt is interested in the
restoration of silver as measure
helpful to the west, and he will
take immediate steps to push this
pledged world conference in the mat
ter"
Senator Hayden's address, which
also contained a factual review OF
the copper situation as it pertains
to Arizona, was the principal ad-
dress of the Democratic rally.
Appearing with him in the party
were A. c.. McAlister, supreme court
Justice and candidate for reelection,
Herman E. Hendrix, Democratic
candidate for superintendent OF pub
lie instruction, Ana G. F'rohmiller,
state auditor also seeking re-elec-
ton. Wilson T. Wright, the party's
nominee for corporation commits
sioner, and Arthur T. LaPrade, can
didate for attorney general.
Frank Duffy, Santa Cruz county
chairman, presided and introduced
the county candidates.
When Crisis Began
Taking up his silver theme, Sem
ator Hayden said the crisis in the
metals condition began when the
United States sold two hundred mil
lion ounces of silver to Britain with
the plan to buy the same amount
from American mines. For short
time the treasury followed this plan,
he said, then with 100000 to be
purchased, Secretary Mellon decid-
ed to end the demand.
''This ended home market for
American Mines" Senator Hayden
continued. "Then Britain debased
it's coinage. Germany, Belgium and
other countries followed suit. This
threw 10000 600 more ounces of fine
silver on the market. AS a last fac
tor, India was placed on the gold
standard"
To remedy this situation for Am
erican miners, Senator Hayden
pointed out that he has introduced
bill before the Senate allowing the
United States to accept silver as
well as gold in payment of foreign
debts.
The effect of this plan, he point
ed out, would be to make it profit
able for foreign countries to buy
silver from American mines. AS their
payments came into this country
in silver, the treasury would take it
and issue new certificates. Foreign
countries under this plan, he said,
would not be allowed to debase their
coinage to pay their debts to the
United States.
Copper Tariff
Senator Hayden briefly summed
up the copper situation by showing
that none of the great copper pro-
ducers sought tariff on copper un-
til after the crash of prices in 1890.
Prices were 100 good on copper
for the mine owners to appear and
ask duty on the raw metal" he
said. None came before Congress
to include copper tariff item in
the Underwood tariff of 1914, the
Fordney-McCumber tariff of 1922,
Or the Smoot- -Hawley measure of
1880.
But after 1880 conditions were
different. Prices had crashed. The
mine operators had large surpluSes.
Ruinous competition, born of high |
prices, faced them abroad. It was
not now a case of doing the mine
owners favor. It was the case of |
saving the very life of mining COM
munities which they supported in
our state and others.
1--WE were not then expected to
get up, introduce a bill on copper,
make pretty speech and sit down.
as was done by some persons in
1925. 1t was a case of going to work
icr the industrial life of Arizona"
Senator Hayden praised the work
which Lewis Douglas did for the
copper tariff in the House of Rep