opposed to mandatory legislation for the monetization of the white metal at this session of Congress.
The silverites are to confer with the President again next week, prior to introducing @ new bill which, it reported, concentrates upon the main points of the proposals Senators William E. Borah, Republican, of Idaho, and Key Pittman, Democrat, of Nevada.
This new bill, it was understood, will provide:
1, That silver be established as primary money and the monetary ase for specie currency issues.
'2. That' the Treasury be authorized and directed to purchase silver and establish a metallic silver reserve amounting to 25 per cent. of the total metallic reserves.
That the Treasury be authorized to issue silver certificates for purchased silver.
The President is expected to determine whether such purchases shall be mandatory.
It is believed that plans for the nationalization of the" white metal in the same manner as gold was nationalized may be abandoned, in order to preserve a free silver market in New York.—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.