Hugo Cunliffe-Owen again took up the cudgels on behalf of silver in a speech at a luncheon of the Ialington Chamber of Commerce key-note of Silver could not only help out the declining supply of gold, he said, Dut by recovering its value it could once more set trade in. the Eas in, action, 'He further pointed out that halt the world, including the enormously populated' Chinese. Republic, had silver as a basis of value, in contradistinetion to the Western world which had gold as a standard, and hho argued that the march of events, due to the action of the western World, had depreciated silver from its carlier value to such an extent "that the half of the world using silver mow found its cost. increas. that the' West had wiped out half expensive, with the result sir Hugo suggested that the British Empire, the United States and France should eall.a conference to. consider whether bar silver might not be kept by their central banks, either at the market price, ina fixed ratio to gold, so th it would constitute part of the metal reserve. It would then, he Suggested be available in part pay-mont of international debts. This, considered, would restore the price of silver and widen the metal-Reuter, vs cteglasal lic basis of the world currencies.
Text read from the printed page and cleaned; old type leaves the occasional error.