SILVER COMPROMISE
PROPORTION TO GOLD UNITED STATES POLICY. BILL READY FOR STONING. (United Press Association —By Electric Telegraph.—Copyright.) (Received 0 n.m.) WASHINGTON, June IT The Silver Bill was sent to While House this evening, after the House of Representatives had accepted the amendment inserted by the Senate. The new legislation is not entirely satisfactory In the bimetallists and inflationists, It is ;• compromise offered by the Government and accepted by the Silver Bloc In both houses. It declares it to be the policy of the Government that the proportion of silver to gold should be increased to, and maintained at, one-fourth of the monetary stocks in the country. This means that the Government will have to purchase about .1,000,000,000 ounces to carry out its declaration. When th 6 measure was brought up in the House by Mr R. L. Doughton. chairman of the Ways and Moans Committee, he was asked by Mr E. T. ,McFaddon (Republican, Pennsylvania) whether Mr Cordell Hull's note to Britain, indicating willingness to accept payment in kind, meant that the Government would accept silver for the payment of war debts. Mr Doughton said he did not know the course contemplated by the Government in that respect.
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Northern Advocate, 15 June 1934, Page 5
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199SILVER COMPROMISE Northern Advocate, 15 June 1934, Page 5
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