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George Snyder, a Utah mining representative from the international silver commission, predicts in Salt Lake City that a bill to remonetize silver will be introduced and passed in the upcoming US Congress session, supported by Senators Smoot, King, Borah, and Pittman, due to strong backing and no opposition.
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SALT LAKE CITY, Utah, Aug. 11. —More outspoken than his colleagues on the silver delegation just back from Washington, George Snyder, who represented the international silver commission, declares that the future of silver is as sure as any mundane possibility can be. Speaking of the mission to Washington, he said: "I do not believe the moratorium matter will interfere in the least with favorable action on silver. I feel perfectly safe in going on record with the following prediction: "A bill which will have the effect of remonitizing silver will be introduced in the coming session of Congress and, thanks to the splendid efforts of Senators Smoot, King, Borah and Pittman, will be passed. "My confidence is based on the fact that there is a great deal of support for silver in the United States as well as in Canada and Mexico and that there is no organized opposition to a remonetization program. It is certain to come."
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Location
Salt Lake City, Utah; Washington
Event Date
Aug. 11
Story Details
George Snyder declares confidence in the remonetization of silver, predicting a bill will be introduced and passed in Congress due to support from the US, Canada, Mexico, and key senators, with no organized opposition.