The 73rd Congress, Jan. 15, 1934
SILVER SENATORS have made one of the most concrete advances on the Left front. From 35¢ an ounce in August the price of silver shot to 45¢ an ounce on Jan. 2, due to the pressure of Messrs. Thomas, King, Wheeler (left to right below) toward monetizing silver and the resultant Presidential order for Treasury purchases of silver, much like RFC purchases of gold. True, the new gold-silver ratio is only 53-to-1 as compared to Bryan's 16-to-1 formula, but that is only a first step, say the Silver Senators (see p. 15).
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