AMERICAN SILVER.
CHANCE IN POLICY. CONFERENCE WITH MEXICAN DELEGATES. (United Press Association —Copyright.) NEW YORK, January 1. . The Washington correspondent of the “New York Times” says that the prelude to possible concerted international action concerning world silver prices was the interpretation placed to-day on a conference between Mr H. Morgenthau (Secretary of the Treasury) and the Mexican Secretary of the Treasury, SSenor Suarez, each accompanied by an imposing number of experts. Mr Morgenthau will give a dinner to the Mexicans to-morrow, which will be attended by Senators known to be interested in the silver question. Considerable discussion has developed in Washington about the possible repeal of the Silver Purchase Act, 1934, which some Government experts believe has failed to accomplish its purpose. , , In order to bring about a ratio oi the silver supply equal to 25 per cent, of the gold stocks—the position the Act envisages—(the Treasury would have to purchase between 1,200,000,000 and 1,600,000,000 additional ounces of silver, and it- is questioned whethei the Treasury is in a position to contemplate such a purchase.
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Ashburton Guardian, Volume 56, Issue 69, 3 January 1936, Page 8
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175AMERICAN SILVER. Ashburton Guardian, Volume 56, Issue 69, 3 January 1936, Page 8
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