SILVER CURRENCY IN U.S.A.

Press, Volume LXIX, Issue 20789, 24 February 1933, Page 11

SILVER CURRENCY IN U.S.A.

COMMITTEE'S APPROVAL. WASHINGTON, February 22. Tho House of Representatives Coinage Committee to-day reversed its former attitude, and approved a subcommittee's recommendation of a Bill providing for the purchaso of silver bullion l'or monetary purposes. Tho Bill Was amended, however, to limit purchases to 250,000,000 dollars' Worth of metal. Under tho Bill aa it bow stands, the Treasury would purchase silver, coin it into silver dollars, and issue silver certificates against them. The new certificates, together with the one dollar silver certificates already outstanding, would be upon parity with other outstanding currency and acceptable as full legal tender. RECIPROCITY OF TRADE WITH CANADA. OTTAWA, February 22. Liberal members and senators in caucus to-day 'endorsed- the reciprocity resolution introduced in the House Commons by Mr William Duff,' proposing that Canada open reciprocity negotiations with Washington. SEAWAY TO CANADA. FAVOURABLE REPORT. ( WASHINGTON; February 22. The Senate Foreign. Relations Committee to-day favourably reported 011 the proposed treaty between the "United States and Canada for the construction of the St. Lawrence seaway.