Word: silver
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...mere establishment of the gold standard does not imply that a fair price cannot be maintained for silver and that some arrangement cannot be made in regard to silver...
...Neither the Republican platform's monetary plank nor Landon's telegram to the National Convention interpreting the Party's money declaration as meaning currency based on gold would preclude consideration of the silver problem...
...went on to call attention to Governor Landon's proviso on the gold standard, that it "must not be made until and unless it can be done . . . without injury to our producers of agricultural products and other raw materials." And after all silver was a raw material...
Shocked was every orthodox economist who had considered the Landon stand a firm promise to end the New Deal's ill-starred silver policy. Not shocked at all were practical politicians who realized that Republican Hamilton was simply playing the old game of wooing the West...
What the GOP is up against in this particular courtship was indicated last week when U. S. silver production figures were released for the first six months of 1936. By order of President Roosevelt the Treasury has been buying for the past two years all the silver freshly mined in the U. S. For this the Treasury paid a fictitiously high price-78? per oz. last week. If this same silver had been sold in the world market, it would have brought the current world price-45? per oz. last week. Under the stimulus of this 33? Government bounty...