New York, Oct. 2.
That the, Administration's silver policy is a "failure" was the opinion expressed by Senator Elmer Thomas (Democrat, Oklahoma) in an interview in New York to-day.
Senator Thomas, who is en_route to Salt Lake City, where the Senate Commission headed by Senator Key Pittman (Democrat, Nevada) is meeting on October 12 to discuss the Government's policy, forecast his desertion from " the" western sil bloc unless it made a definite stand for the monetization of silver on a basis of $1.29 an ounce, "I am going to lay down the proposition that, unless they re-monetize silver, T shall have no further. inferest in the programme," declared Senator Thomas.
Continuing, the Senator said that his whole incentive was to. raise the price-level of the white metal and get more money in circulation, "but if we cannot have a metallic base for our currency, we must have a managed currency.
conclusion, Senator Thomas predicted that if there were no monetize tion, the price of silver would collapse with the eventual change in the Administration, when he present, Silver programme would "probably" be reversed.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.