Money: Silver Cloud

While U.S. gold is leaving Fort Knox in uncomfortable quantities — and dominating the economic news — another precious metal is rapidly draining out of the federal vaults at West Point, N.Y.

The national silver hoard declined by 23% last year, and a conspicuous symptom that the trouble is continuing is the nagging shortage of U.S. coins. Last week the U.S. Treasury told a congressional subcommittee, which is brooding over ways to ease the shortage, that the Government may well have to alter the 90% silver content of dimes, quarters and halves. This has led powerful business groups into the...

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