The Archive · 1937

Silver Supplement of Money Basis

Senator Pittman Ventures His Opinion

Salt Lake City, Sept. 7.

Senator Key Pittman, Democrat of Nevada, to-day declared that there was insufficient gold to provide monetary reserves for all commercial countries, in his address before the American Mining Congress, "The answer is to make silver an essential part of these reserves," Senator Pittman said. "It is silly for. anyone to say the monetization of liver would flood the world with ver."

Senator Pittman said that he did not believe President Roosevelt would seek a third term. He thought the Democratic candidate woúld be neither an extreme New Dealer nor an extreme conservative and he predicted that the selection of either would result in a split of the Democratic party.

Although the Senator admitted that at present an outstanding presidential candidate is lacking, he intimated that one could be found who would be "capable of solidifying the party. Three years is a long time, There must be some give and take, of course,"—United Press,

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

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