The Archive · 1939

Buy Foreign Silver

Senate Rejects Townsend Suspension Resolution

Washington, July 29.

By a division of 41 to 33, the Senate today turned down Senator Townsend's motion calling for the suspension of the purchases of foreign; mined silver by the U.S.

Only Republican Senators voted in favour of Senator Townsend's proposal The members of the Upper House for the silver mining Wester: States, apparently satisfied with the high rate fixed for the purchase of home mined silver, voted for the Government, after Senator Alben Barkley, the leader of the Democratic majority, appealed to the Senate "not to endanger the negotiations now under way with Mexico."

As the Senate will probably adjourn on August 5, it is most probable that no further action on the matter will be taken and the Treasury will retain its rights to buy silver' abroad.—Havas.

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

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