The Archive · 1934

Silver Speculation Reviving

Washington, Oct. 10, Silver speculation is reviving in the United States, despite the vigorous measures taken by the Gov-sta ment-to snppeter gambling aa, the white metal.

Loopholes have been found in the silver programme legislation, it was Tearned to-day, through which speculators are able to continue the: r activities in the silver market.

So long as a trader in the metal, who takes periodic reports of his sales and purchases to the Treasury, does not export the metal in defiance of the embargo recently imposed, and pays to. the Government a' tax amounting to 50 per cent. of his speculative profits derived from trading in the metal, he apparently need fear no interference from the Federal authorities.

Fulfillment of these ts requirement permits the speculator to hoard silver!

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

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