Montagu say It is reported from Germany that Mexico is taking steps to regain her old position as the largest silver producer in the world. All the mines, even those hitherto regarded as unprofitable, are to be worked, partly at the expense of the Government, so as to take advantage of the high value of silver on the world's markets. The Ministry of Commerce has assured special advantages and guarantees to the private silver mining companies in order to facilitate production.
The "New York Evening Sun" says 3 "The Treasury limits its chases to metal of domestic origi There results the freak situation in which the Treasury buys all the domestic silver it can get at several cents more per ounce than any one else will give for equally good value of foreign origin in any market. This proceeding stimulates the continued prosperity of silver mining in the United States. The Treasury gave up in all, to help pay British and other debts in the Far East, over 200,000,000 ounces of cart wheel dollar makings. Until it shal] have replaced that quantity the miners of this happy land can apparently go on turning in silver ounces and taking out dollars, in spite of the lower price in the open market for all silver but ours."
The "New York Chronicle" under date July 3 states that "the requirements of the Pittman Act are imperative and the law itself could not be repealed until the reassem-
certain that the move will be blockbling of Congress and then ate ed by the silver mining interests who are getting as a gratuity the difference between the market price and the much higher price the law compels the Director of the Mint to pay."
Text read from the printed page and cleaned; old type leaves the occasional error.