Indianapolis Times, Volume 45, Number 270, Indianapolis, Marion County, 22 March 1934 — Page 5

MARCH 22, 1934.

CONGRESS SILVER LEADERS READY TO COMPROMISE ON REMONETIZATION PROGRAM Privately Admit Little Hope of Passing- Any Sweeping Monetary Legislation in Current Session. Thi* i thr .frond of *evral (toriet outlining the' hopes of strategy of all i parties in the silver dispute. BY EDWARD W. LEWIS, I'nited Tress Staff Correspondent WASHINGTON, March 22.—Congressional silver leaders privately admit little hope of passing this session any of the sweeping legislation they have sponsored to put silver back into the monetary picture.

Faced with the administration’s edict against such legislation oenciing a thorough investigation of the monetary issue, they today were pushing the Dies bill which carries only a partial remonetization program. Asa result of White House action the entire silver legislative battle has died down perceptibly. The silver groups were more agreeable to compromises, and willing to accept anything rather than nothing. The Dies bill, now before the senate agriculture committee, would permit silver up to a total of sl.600,000.000 in world market price value to be received in payment for agricultural exports. The inducement offered to the purchasers would be a 10 to 25 per cent premium above the world price of silver. No “16 to 1" Bills The “16 to 1” silver bills definitely appear shunted aside. There appears little chance for bills, such as introduced by Senator Burton K. Wheeler, <Dem., Mont.), and Representative William N. Fiesinger, (Dem., Ohio), which provides for huge silver purchases and issuance of certificates against the bullion until commodity prices reach the 1926 level. The Dies bill as yet has not been opposed definitely by either the White House or the treasury. Senate silver leaders believe it will pass

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that bedy unless the administration defintely comes out against it. Various personalities and issues have confused the silver fight. The leading one today was a senate attempt to learn from Treasury Secretary Henry L. Morgenthau Jr. the names of large holders of silver. Charge Silver Hoarding Charges have been made that silver is being hoarded in anticipation of legislation which would increase its value. Mr. Morgenthau said investigation showed no members of congress speculating in silver. The silver blocs want to raise the price of silver in relation to gold Most members, however, have abandoned the old Bryan “16 to 1” proposal. They maintain monetization will aid economic recovery. They view its price rehabilitation as necessary to that end. Sponsors of the Dies measure believe it would benefit agriculture, developing markets particularly in the Far East. More than 11.000,000.000 ounces of silver, it has been estimated, are available in the world for monetary purposes. More than 7,000.000,000 ounces of the total is in India and China. If the United States could offer those nations a premium of 25 per cent above the world value of their silver, provided they buy American surpluses, the purchasing power of the metal would increase, silvermen say, and the American farmer benefit.

BUTLER ON PROGRAM

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General Smedley D. Butler

Speaker at an open meeting of all veterans at the Athenaeum Sunday night at 8 will be MajorGeneral Smedley D. Butler, United States marines, retired.

i Skin Irntatoms Mi i 11t 1 r "i

THE INDIANAPOLIS TIMES

BURGLARS GET $2 CASH; $125 JEWELRY Thieves Enter Malott Home; Family in Florida. Burglars looted the home of Macey Malott, 4268 Washington boulevard, yesterday and obtained $2 in cash and jewelry valued at $125. Miss Lucy Allen, a maid, discov-

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ered the robbery. The Malott family is in Florida. The jewelry had been stolen from the maid's room. Entrance was gained by breaking a side window. Irving Horner, 645 East Fifty-sec-ond street, reported thieves entered his home *nd stole a coin purse containing SI. A quantity of draperies and window shades were taken from the unoccupied residence of Mrs. Cooper Daniels at 1730 North Meridian street. Mrs. Daniels has been living at the Spink Arms.

COMEDY TO BE GIVEN BY JORDAN STUDENTS “The Dream That Came True’’ Will Be Offered Tomorrow. Pupils of Miss Alberta Speicher, of the dramatic department of the Jordan Conservatory, will give a three-act comedy. “The Dream That Came True,” at 8:15 tomorrow night at Odeon hall. Included in the cast are Betty Harden, Mary Ella Cook, Peggy Trusler, Patty Lou Bryant, Nelson

Rcetter. Jane Preston. Betty Higbee. Dorothy Yates. Sylvia Madeil, Ethel Mary Seaman. Virginia Rose Perry, Ruth Ann Perry, Louise Bicknell Kenneth Speiche, John Schumann, Mary Ankenback and Jean Sacks. Ushers for the play will be Mary Hites. Adeile Herwitz and Thelma Sacks. Between acts music will be furnished by Roberta Bland, child harpist. Hymn books were used for gun wadding in the battle of Springfield in 1780.

I. U. EXTENSION WILL HEAR TALK BY AUTHOR Group to Hear Discussion on Lion Feuchtwanfor. Mrs. Vita Friend, co-author with her husband. Joseph Friend, of two articles which have appeared in the Forum, will speak at 8 tonight to members of the Indiana university extension division. She will discuss Lion Feuchtwanger German author of “Power.” The lecture will be one of a series on modern continental novelists.

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