THE CABINET: Something on Silver

One afternoon last week as the price of silver was falling below 66¢ per oz. to its lowest point in four months, Secretary of the Treasury Morgenthau passed some hot, bedevilled hours. Finally at 6 p. m. he called newshawks into his office to confess:

"There have been so many inquiries, so many rumors—the telephone ringing and things like that—that I thought I had better break my usual rule and say something about silver. . . . We bought more silver today than the total annual domestic production...

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