Section of the American Bar Asso' ciation here to-day, Me. - Francis Brownell, Chairman of the American Smelting. Company, ug:
the necessity for the world-wids restoration of silver as a monetary metal as the principal remedy for the existing depression of trade.
Stating that there would bs us ficulty in restoring the value of iver to its pre-war, status, Brownell said: "All that sary is that the world retrace the steps taken sines the War: that they stop any fue~ ther demonetization of the silver now in use; that they individually, or collectively, make it known that the further' sale of silver by governments will cease; and. that the governments of the. world, while establishing no fixed "ratio between gold and silver, make clear their intention to. resume the uso of silver to the same extent before the World War. This would. automatically preserve it for the Dresent and future monetary needs the world and it would lasa the present burden "on gold."—Reuter. liver Discussions Resumed Paris, Sept. 18.
The unofficial conference of finaacial experts which has, been convened. to examine the silver problem held its first meeting here yesterday and, resumed its discussions to-day, The conference 1s meeting unclew, the auspices of the Internationat Chamber of Commerce, and the experts invited to attend include ro-presentatives of Britain, France, India, China, Japan and the United States.
The conference has not been cated. with the idea of seeking methods stabilize silver, but to discuss ways and means of preventing wide fluctuation in the price of the white metal.
The present state of the silver talks was outlined by an official of the International Chamber of Cot merce in an interview with Reuters, correspondent. this afternoon, He pointed out that the proposal for a silver conference orlyin:.ted fat. the biennial congress of the Chamber in Washington last May. but as it was not quite clear to what extent such a conference would: be useful, the Council later adopt led a resolution calling for the pointment of sri independence ¥ate committee of experts to report on the technical aspect so as. ta fenable the Council to fix its policy.
The committee, he added, was not yet complete, but he hoped port would be ready for submission to the next meeting of the Councit fof the International, Chamber of \Commerce, which takes place on October 28—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.