The Archive · 1935

US, Polley Unchanged

Washington, Dec, 12. am continuing to carry out the mandate of the United States Silver Purchase Act," declared the Secretary Jot Treasury, Mr. Henry Morgenthau. in commenting on the current silver market crisis to-day.

The mandate directs, the Secretary recalled, that he "purchase silver thorne Gr abroad....at such rates, times, terms deems reasonable and advantageous the public interest."

"But," said Mr, Morgenthau, "instead of buying exclusively in' London, we are now buying silver at a faumber of world points, We made purchases somewhere abroad every day this week."

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

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