It has now become evident, even to the "silverites," that some of the arguments used were exaggerated, while there is a growing, realization that the United States Treasury has been buying, at a wholly artificial price, world silver which it does not need and cannót use, The cost to the taxpayers of roughly $200,000,000 a year seems excessive, now that economy: is Beginning to be more popular. Furthermore, inflation as a cure for depression does not carry the magic appeal of a few years back.
The extent to which public feeling has changed is indicated by the attitude of the Administration which, tending the foreign purchase part of the Silver Act. For obvious political reasons, he was forced to advocate continued protection of domestic silver producers, and it is probable that Congress will favour domestic subsidy.
Text read from the printed page and cleaned; old type leaves the occasional error.