President Roosevelts Silver Agreement Ratified
The President issued a sweeping order to bolster silver’s value at half its 1.29 dollar price, backed by the agricultural adjustment act. A 66 nation pact aims to cushion prices by absorbing 35 million ounces yearly for four years, with India and Spain enacting limits and others preparing similar moves.
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Congress
Pittman
Nevada
Australia
Canada
Mexico
Peru
United States
China
India
Spain
Roosevelt
Roosevelt silver plan aims to stabilize world prices
President Roosevelt ordered the treasury to hold 60 percent of silver as bullion until 1937, with limited coinage. Pittman praised the move as stabilizing silver at about 64 1/2 cents an ounce and boosting exports, while India’s potential market impact and the London agreement influenced global price control. The report also notes Maine lakes cover one eleventh of the state and butterfly overwinter stages.
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Pittman
Roosevelt
Treasury
United States
Oregon Hop Drying Uses 9600 Cords of Fuel Wood Annually
More than 9600 cords of fuel wood are consumed each year by Oregon hop growers to dry harvested hops.
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Oregon
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