The Archive · 1930

Tariff on Silver

Washington, Apr. 6.

General opinion among. observers here is that a tariff on silver would offer but little help to the world situation, with possible harm.

Department of—Commers2 survey declared that stabilization of silver would provide a boom for traders of the world. Silver nev theless would probably continue One authority pointed out to the United Press that it was generally overlooked that silver was purely a commodity, like copper or cara. Production of silver was found have been steadily on the increas, since 1021, with a consequent tendency toward overproduction just vould be the case with any other commodity in like circumstances.

It is believed here that there only a remote possibility: of China's adoption of a gold standard, despite recommendations to that end by Commission and China neitize controls nor ses sufficient stocks of gold to bring this aten'.

Dispatches received from Colorado, and other Western States show that fa trade newspaper campaign has been started, urging young men become prospectors. a The campaign declares that American youth should emulate young men of, the days of '49, buying burros, picks, bacon and four to go forth on the hunt for gold, Such a course would solve the employment problem in the States and increase the world si of gold, because fold wav ploital in the mountains—United Press, 4)

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

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