Washington, Jan. 18.
Senator John Townsend, Republican of Delaware, introduced a bill in the Senate today which would empower the Secretary of Treasury to sell the Government's silver stocks, aggregate ing more than 1,700,000,000 ounces, "at such prices as he deems best for the interests of the United States," and simultaneously would cancel all the Administration's powers to acquire silver or issue further silver certificates.
Senator Townsend said that if his bill received Congressional approval, it would revoke certain important inflationary powers granted to President Roosevelt by Congress during the period of emergency legislation several years ago and would remove the President's right to revalue silver.
There has been some persistent criticism of the Government's silver policy by a number of conservative members of Congress, but at present there is no indication whether this bloc possess sufficient strength to alter the Administration's present silver policies.
Text read from the printed page and cleaned; old type leaves the occasional error.