Three weeks ago an idea dawned in the minds of the world's silver speculators. Last week it burst full upon them with the brightness of a newly risen sun. The New Dealbesides its large home schemes has an even bigger scheme afoot: to make silver once more a world money metal. Beholding this sun, the silver world went wild and the New Deal had an international problem in its lap.
When Franklin Roosevelt upped the price which the Treasury pays U. S. silver producers from 64¢ to 71¢ an oz. (TIME, April 22), the...
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