Introduced Washington, June 7.
Senator John G. Townsend (Republican Delaware), today offered an amendment to the Somers Bill, which extends for a period of two years the Administrations powers io devalue the dollar and maintain the Treasury Stabilization Fund.
"Under the Bill the President also has authority to purchase newly-mined domestic silver at a premium over the world market price.
The purpose of the amendment would be completely to eliminate any future "Treasury purchases of foreign silver.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.