Word: silver
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Dates: during 1960-1969
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...certain elation" as Ondine's time was logged at 221 hrs. 52 min. and she was assured the coveted blue ribbon that goes to the first boat to finish. Two days later, when officials finally finished calculating the complicated handicap formula, Ondine had also won a fancy silver trophy for being the fastest on corrected time...
With impressive statistics to back up his claims, Dr. Carl A. Moyer, head surgery professor at St. Louis' Washington University and surgeon-in-chief of the city's famed Barnes Hospital, reported to the New York Academy of Medicine on the near-magical healing qualities of silver nitrate. Ironically, the inexpensive, familiar chemical was many years ago discredited as a proper treatment for burns...
Freedom from Pain. Recent burn therapy has been so unsatisfactory that Dr. Moyer and Dr. William Monafo were seeking some agent to act as a barrier against the invasion of burned skin by bacteria. Silver nitrate, they knew, would do the job, but in the 5% to 10% concentrations formerly used, it would also burn healthy skin. They wondered whether a weaker solution would work. At 1%, it worked but it still burned skin. Without much hope of success they switched to the greater dilution...
...value of silver has a lot to do with the shortage. The U.S. has fixed silver at $1.29 an ounce-the same price that Alexander Hamilton set for it in 1792-but miners complain that the sum is too low to pay for the slow, costly process of digging and refining it. Because of this economic disparity, the U.S. has only four important silver mines in operation, gets most of its supply as a byproduct of other metals. Last year the U.S. mined only one-ninth as much as the 323 million ounces of silver that it consumed, made...
Miners v. Users. The American Mining Congress, backed by the potent Western "mining bloc" in the U.S. Congress, is lobbying hard to retain silver coinage. But to ease the shortage, it recommends a reduction in the silver content from 90% to about 33%; that would keep the Government in the market as a big buyer and at least prevent the price from going any lower. On the other side are the silver users, backed by Congressmen from the industrial East. They are urging the U.S. to eliminate silver completely from new coins and melt down its old coins; they figure...