The Archive · 1926

Mexico Hit by Law Silver Prices

Petition for Gradual Liquidation of Indian Reserves Mexico City, Oct. 30.

The Mining Commission of the Chamber of Deputies is studying means to solve the silver crisis caused by Bri placing the silver reserve of India on the market, thereby decreasing the price in many countries to below the cost of production, This is threatening the unemployment of 120,000 miners in Mexico.

The American Smelting and Minto place the reserve gradually so as {to give companies time for adjust-The Company forther suggests that Canada and the United States should be invited to present tions simultaneously Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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