Spite and silver were the amalgam holding together last fortnight's Senate coalition of Republicans and hard-money Democrats which furiously filibustered the Monetary Bill beyond midnight of June 30 when Franklin Roosevelt's power to pare the dollar died and with it the Treasury's exchange stabilization fund. Silver and pressure were what Franklin Roosevelt used last week to split the coalition, pass the bill, revive both fund and power.

A higher subsidy for U. S.-mined silver was the bill's third provision. The Treasury's old price was 64.64¢ per oz. Silver Senators demanded as high as $1.29. The Administration ascertained that 70.95¢ was...

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