The Archive · 1934

Silver Agreement Reached

Legislative Programme Now Fixed

Washington, May 16.

Atter months of argument and contention, President Roosevelt and Congressional silver leaders have at last agreed upon a programme of silver legislation at the present session of Congress, 'A. formal statement was issued at the White House to-day, stating that the agreement had been' reached and that the President will send a special message to Congress in a day oF two on the subject.

Tt was learned that the message will make specific recommendations regarding. the next steps which th Administration proposes for an proved monetary system. The legis-Tation will comprise a mandatory bill with permissive features, Silver Senators were jubilant at the results of this last White House conference. "There is no misunderstanding (regarding silver) now!" said Senator Pittman, of Nevada, a leading silver proponent. "The bill will be ready soon. In fact, all it needs is a few pencil marks."

'Senator William E, Borah, of Idaho, added, "More progress was' made 1o-day than any other tim Tt was stated in authoritative quarters to-day that the proposed legislation will provid

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

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