Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1934-01-04

So. its possessions, up Il
'HuHan 24.0p0.OO0 ounces
year. at a price of 644 cents al
ounce. This is to be in force for fouI
years.
The government split the present
legal price Of s1.a9 an ounce for sill
yer In half in reaching a purchase
inquire which Is 10 cents an ounce
over the present open market.
This proclamation" the President
wrote, in accordance with the act
OF congress. opens our minis TO the
coinage OF standard silver dollars
from silver hereafter produced In the
United States. or its possessions, sub
1ect to the depositors of such silver
~surrendering TO the government III
half OF 1t as seigniorage and to cover
all usual charges and expenses. The
dollar coined from half of such newly
mined silver will be returned TO the
deposIfor. The half surrendered TO
the government will be retained bv
the treasury
Mr. Roosevelt, In ratIfying the
agreement, pointed out that such ac-
ton already has been taken by the
government OF India and that other
nations concerned were ready also to
act.
Most Jubilant of all public men
over the Presidents action was Sena-
tor Key pittman Of Nevada. who. az
q delegate to the London conference.
Q a leading part in drawing I'D
the silver agreement. He foresees
greatly increased export business az
a result OF the. move because the bry-
Ing power of the silrer-using coun-
tries OF the Far East, especially
China and India, Is lifted BY about 50
per cent.
Senator pittman said the affect af
the new order would be TO take into
The treasury about 24,OO0.0U ounces
or silver, TO coin one-haIf OF IL and
deliver IL TO the owner or denosifor
OF the silver. The other so per cent
WILL be retained as bullion In the
treasury. II Is his expectation thar
the new order Of the White House
VIII give great encouragement TO the
silver mining regions OF the West
roth the federal Surplus Relief
corporation and the agricultural
adjustment administration have been
purchasing commodities for the relief
the Idle, and thereby economy and
efhciency have suffered. Such Dur-
chasing operations have now been con-
soIdated in the Surplus Relief corpora
ton.
The administration also was com
pIefing plans for utilizing the Surplus
teller corporation as a device for re-
Liring millions OF acres of su%bmarginal
from cultivation. The work Ia
being directed by Rexford @. Ting
well. assistant secretary OF agrlcul-
Eure, and IL Is planned to use funds
the public works administration 70
purchase The economically unproduc-
i've areas.
OFFICIALS OF q railroad unions
mel In Chicago and adopted d pro-
gram OF desired legislation that In
iudes q six-hour working day for the
Million or more railway workers In the
'ountry as a means of increasing EN-
sleyHnent.
A. f. Whitney, president OF the
brotherhood Of Railway Trainmen.
Vno acted as chairman at the meet
estimated that q slx-hour day
you'd cost the railroads of the conn
~ $3OO,OO0.O0O annually. The rail.
themselves have estimated the
cost at twice that amount.
e admitted.
q FTEK receiving a report from an
: investigating committee headed
y Robert 5. Lynd, the consumers, adj
isory board of the MIRA recommend. |
the establishment Of a consumers
[andards board that would be charged :
lth the development OF means of en-
,rcing accurate labelling. Among the !
rficies named as needing quality grad /
q are gasoline. razor blades and chill !
-en's shoes. Legitimate industry. In /
le opinion OF the board, Is encounter /,
g destructive competition from I'M !
hical producers who are reducing the !
Iality OF their products to fill the gan !
their profits caused by enforcement !
NRA wage and employment stand
dis.
Administrator Hugh s. johnson was :
Isy trying to clear up the situation :
ncerning the cleaners and Overs. !
any In this industry had been cited y
r prosecution for refusing to COM !
' with prescribed minimum prices. q
le c~ash-and-carry cleaners contend
these prices were SO high that their 4
siness would be ruiNed. :
Johnson defended the prices nre- a
ribed as reasonable and fair for the +
ailty OF cleaning which the public 81
. the right to expect" but conceded W
1T there La some demand for lower n
ality or so-called scamped work. s