Thank you for correcting the text in this article. Your corrections improve Papers Past searches for everyone. See the latest corrections.

This article contains searchable text which was automatically generated and may contain errors. Join the community and correct any errors you spot to help us improve Papers Past.

Article image
Article image
Article image
Article image

SILVER’S FUTURE

HOOVER WARNS U.S.A. BRITISH COMPETITION WASHINGTON, Sept, 20. Will silver come hack to its own? Friends of silver currency in the United States and Canada leaped nimbly to the front to-day with various propositions favorable to silver, purposing to take advantage of Britain’s gold standard suspension. President Hoover, discussing the situation with journalists, smilingly declared that the American Government regards the British action ns likely to improve economic conditions in England and elsewhere in the world. He suggested that the British have really adopted a variable standard, rather than completely abandoned gold. The United States, lie said, must get ready to meet stronger competition in the world markets from British mamifaeturors. It was pointed out during the President's talk that both Britain and America have their own lines of export specialties, and that each excels in some commodities. For instance, a recent study by trade experts in Argentine showed that only 10 per cent, of the country’s imports were competitive. President Hoover’s experts believe that silver has no connection with the present situation in Britain! Senators from the western silverproducing States believe that the United States and other leading nations should stabilise _ silver currency as a medium along with gold. ’[’lie Government’s experts, however, declare that only by the universal adoption of a joint gold and silver standard, by international agreement, could such a change he accomplished without disturbing world economic conditions, and they see no indication of such joint action.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/PBH19311002.2.44

Bibliographic details

Poverty Bay Herald, Volume LV, Issue 17588, 2 October 1931, Page 5

Word Count
243

SILVER’S FUTURE Poverty Bay Herald, Volume LV, Issue 17588, 2 October 1931, Page 5

SILVER’S FUTURE Poverty Bay Herald, Volume LV, Issue 17588, 2 October 1931, Page 5

Help

Log in or create a Papers Past website account

Use your Papers Past website account to correct newspaper text.

By creating and using this account you agree to our terms of use.

Log in with RealMe®

If you’ve used a RealMe login somewhere else, you can use it here too. If you don’t already have a username and password, just click Log in and you can choose to create one.


Log in again to continue your work

Your session has expired.

Log in again with RealMe®


Alert