Senator Pittman said the Townsend repeal bill would not be enacted despite the Advisory Council's action. Silver purchases have been beneficial to the United States as well as to foreign nations, he declared.
The continuation of the present programme will enable the United States to help re-establish silver and gold as currency throughout the World when political conditions become more settled, he asserted, Senator Townsend said he believed the Council's action would strengthen my chances of getting my bill out of the committee with a favourable re-
P%Senator Pat MeCarran, Nevada ort,
Democrat, declared, The repudiation of our foreign purchase policy would work irreparable harm to our export trade with India, China, and South American countries—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.