71¢ Silver

In January 1933 U. S. silver producers got 25¢ an oz. for their product. Before the year was out they were getting 43 (devalued) cents. Then President Roosevelt by proclamation decreed that the Treasury would give them 64½¢ an oz. for all the silver they produced. For fifteen months they have joyfully sold their output to the New Deal at that price—a better price than they had received since 1926. Last week President Roosevelt upped the price of silver again, this time to 71¢ which, except for the Wartime boom, was...

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