THE SILVERPROBLEM

Evening Post, Volume CXI, Issue 139, 15 June 1931, Page 9

THE SILVERPROBLEM

SUGGESTED CONFERENCE

U.S. SENATOR'S VIEWS

(Eeccived 15th June, 8 a.m.)' WASHINGTON, 14th June. ■ The State Department was said oa Saturday by Senator King (Democrat), of Utah, to have received unfavourably; a suggestion*'that it request Britain to stop the sale of silver at less than 50. cents, an ounce until after an international silver conference. Senator King, who urged the romonetisation of silver throughout the world, expressed confidence that such a conference would be called were such a request made and Britain acquiesced. He contended that Canada, Mexico, and the United States would join her, and silver would ba maintained at that price. The Senator' declared that the action of Britain in. dumping Indian silver upon the market had been largely responsible for the rapid decline in prices in the past two years. "If England persists in her policy of dumping additional silver upon the markets, a further decline will follow," he said, adding that an effort waa now being made to prevent an international conference being called by President Hoover. Senator King said that the President had indicated that he would not call a conference because of the opposition of some countries. The people of Canada, he said "do not trayport the views of the British Government." It was certain that Canada would attend, if such a conference were called. '