Word: silver
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Dates: during 1930-1939
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Small but potent is the silver bloc of the Senate. Last week President Roosevelt had its most rampant members to the White House in an effort to persuade them to lay aside a piece of legislation which has become the heart and soul of a new crusade by Congressional inflationists...
...discussed in the press, the more hope will there be for ultimate agreement. The disarming frankness of Mr. Amau is therefore not wholly to be deprecated, and much might be gained were Great Britain and the United States to make public their reactions. Silence may be golden, but the silver of lucid, carefully-considered speech has a value...
What deep in the Senator has cried unto deep in Mr. Conway? With infinite regret, we must record that it is merely silver. Senator Thomas desires the remonetizing of silver, a desire not unnaturally shared by a number of his colleagues from the silver states of the West. Many are their converts, like Mr. Conway, who see in silver the pillar of flame which shall lead us out of the Egypt of depression...
...many people have supported so many things, that a Senator supporting silver is in itself almost exquisitely normal. But of the others, this cannot be said. It has been discovered, with pained surprise, that some of these men are relatively large holders of silver contracts, with which they are speculating or hope to speculate soon. The Secretary of the Treasury, Mr. Morgenthau, has expressed his suspicion, "informally," according to one report, that some of the supporters of the movement are not altogether "disinterested" in their activities. (Mr. Morgenthau displays a commendable restraint of phrase in these days of flaming crescendi...
When interviewed (possibly at a into hour) on the pleasing coincidence of interests, Senator Thomas is reported to have expressed a feeling that there is no reason why silver should be less an object of speculation than wheat or gold. This is a very beautiful thought, indeed, but it is to be hoped that the Senator's remark was torn ruthlessly from its proper context. As it stands, it is a rather pitiful revelation -- of the Senator...