New York, Jan. 13.
Commendation of the annual report jof Messrs. Handy & Harmon, New York silver bullion dealers, including the recommendation that the Uni States Treasury should grade relinquish its domination of the silver market was expressed editorially for day by the New York "Journal of 'Commerce'
"Injury to several countries, not-Jably China, could have been avoided {if this counsel had been adopted Jearlier," the newspaper said. "How-fever, since the Treasury insists on adding further to its silver stocks, the siivation, the Senator United States Teesrury will of Lend governments In_ destroying Siver' es "money dtroughout ihe Colan Retarn to Silver Predleled she Silver Act" auld the Nevads Senator gives the President ample Suthorily by requlaing purchases iyo care Yor on own. interests Sur te counteract the: design of {Sin foreign governments!
Chine the' Senttor maintained sguin Slt soon 9e back om a iver SEE "Nenite "undoubtedly" reali, Baa producer of one halt the worlds new method of dealing directly with silver, that It is to her best interest to restore the monetary value of the interested governments is more logical and likely" to prove less costly disturbing than the blind boosting of molal. Other governments which hitherto had large. silver currencies the price through Government pur chases in the world market.—tin ited Press. are now realizing the danger of at Tempting to sacrifice. silver reserves and run their governments on paper:
Senator Pittman's Views Commenting on the likelihood of Washington, Jan.
13. any change In the American policy, America's Silver Act of 1934 will the Senator concluded, "There is not stand, despite the proposals of pr fom going to be any amendment to the nent' traders "for its repeal liver Purchase Act, and it will not modification, it was asserted to~ day be repealed, so speculators, such as by. Senator' Key Pittman,
Text read from the printed page and cleaned; old type leaves the occasional error.