MONEY: Silver Drum

For a whole year Senator Elmer Thomas has been thumping the drum for inflation. He thumped last autumn for dollar devaluation and he got it. He thumped last spring for monetization of silver and he got what, from a distance, looked like it. Having learned how easy it is to get what he wants by thumping his drum in the ears of Treasury officials, he thumped it once again last week. Said he:

"The Treasury has authority, under legislation passed last session, to buy as much as 1,000,000,000 ounces of silver and to issue...

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