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McCarran Sets Out Silver Policy on Monetary Bill
Senator Pat McCarran of Nevada issues a statement on the Western silverites stance and the monetary measure before the Senate. He argues the Silver Purchase Act of 1934 shifted the world silver market to London, reducing American control and allowing Britain dominance, and reiterates that the American ounce must be valued at 1.29 dollars by law.
MENTIONED IN THIS ARTICLE
Washington
Pat«McCarran
Nevada
Senate
New York
London
Ail— Ver
Great Britain
United States