For years, the U.S. Government has been working out ways and means of dealing with the probability that someday the Treasury would run out of silver. Despite that commendable foresight, Treasury was taken by surprise when the crisis arrived. Confronted by a sudden buying rush that threatened to wipe out its dwindling stockpile, the Treasury barely had time to put its plans into action. Sales of its silver for export were abruptly halted; domestic sales were limited to "legitimate industrial users," and the export or melting of silver coins was forbidden.* "We knew we'd get out of the silver...
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