The Archive · 1935

Senator Thomas' Comment

The figures on Treasury purchases released by the Secretary indicated that purchases abroad had been greater than generally believed. 'This Eauted Senator Elmer Thomas, leader fof the Senate Inflation bloc and prominent silver exponent, to comment, "If Mr. Morgenthau would inform' the public of the progress of [purchases more often, there wouldn't [be such confusion."

'A temporary cessation of all silver buying' in foreign countries by the US. Treasury was urged to-day by Mr. James G. Serugham, Democrat Representative of Nevada, The 2c-ton should be taken, he declared, "in order to crush a British plot"

"The continued decline™in the price lof. silver at both New York and London caused' Senator Elmer Thomas. of Oklahoma, leader of the Senate. inflation bloc, to comment, "The Treasury at present is failing both objectives of the Silver Pur-[chose Act: it Is not raising the price. por is it acquiring silver fast enough achieve the required "amount. A jealeulatlon based on Mr. Morgenthau's Gnnouncement shows that approxi mately. 1,250,000000 oz. are still required to meet the terms of the /Acwhich Is nearly the same when the purchase programme started."—United Press.

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

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