Association; vice-president of Glayton Investment Company and of the National Paint, Varnish and Lacquer Association; and director of Zion's Savings Bank and Trust Company, the Utah Oil Refining Company, and the Utah Home Fire Insurance Company. In 1949, he was elected president of the National Association of Manufacturers. He spent his year-long tenure as president traveling the country and preached "the partnership of the men who put up the money, the men who do the work, and the men who tie the whole thing together." He hosted a daily one-hour program, The Observatory Hour, on KSL (1932–1933), and was president of the Salt Lake Civic Opera Company (1938–1941) and the Salt Lake Community Chest (1944–1945). In 1935, he became treasurer of the Latter-day Saints Sunday School General Board. He directed the chorus of student nurses of LDS Hospital (1942–1948) and wrote the words to God of Power, God of Right, which is Hymn #20 in the 1985 Latter-day Saints Hymnal. He authored Faith and Freedom (1950) and Why I am a Mormon (1958). US Senate In March 1950, Bennett announced his candidacy for a seat in the US Senate from Utah. After receiving the Republican nomination, he faced three-term Democratic incumbent Elbert D. Thomas in the general election. During the campaign, he accused Thomas of having communist positions and circulated pamphlets associating Thomas with communist organizations and figures. In November, he defeated Thomas by a margin of 54%–46%. He was subsequently re-elected to three more terms. Silver problem In the late 1950s, the US Treasury became a begrudging supplier of silver at $0.905 an ounce. Bennett warned that the lack of supply for the high demand would cause the deficit to fall on the Treasury Stocks. By 1961, the Treasury Stocks had unnecessarily been depleted. In 1963, the government had only 30 million ounces of free silver, but the annual coinage requirement for the United States was more than 75 million ounces. The price of silver per ounce was now $1.2929, but if the United States bought extra silver, the price would go above $1.29. The Silver Purchase Act of 1963 was supported by Bennett and repealed "existing silver purchase requirements and the transfer of tax of silver bullion." It also allowed the Federal Reserve to issue $1 and $2 notes to replace "silver certificates or the denominations thus making 1.6 billion ounces of silver available to the United States