Show senator smoot tells why depression in silver Is causing hard tunes confidence that the present depressed state of the metals market especially as 03 it affects silver and copper cs will be of short duration was expressed pressed friday by senator heed smoot in an address to the members of the provo rotary club last friday the rho present depression would have passed unnoticed over utah but for the action of fo eign nations particularly england in placing india on a gold basis declared the senior senator being the greatest silver producing state in the nation the slump in the market value of the white metal Is bound to affect conditions here it was pointed out many plans that have been advanced V to solve the decline ot of the arle prices m cf gf the metals vere nere discussed by the st senator the ratio between silver and gold cannot be established by law he declared since all depends upon the demand such a step would ultimately destroy the use of stiver silver he contended and cause it to be demonetize ed A tariff on silver would be of no avail I 1 he declared our silver la is exported in tremendous quantities an import duty would do no good utah hopes tor for future expansion and a place in the sim suri industrially lies in the development ot of her mineral and manufacturing possibilities ne present price of silver x fud id to a lesser degree that ot of copper pre writ ent one of tre tte most serious problem facing the state I 1 while mile I 1 cannot hold out the hope 0 of f immediate settlement ot of the depressed rendition condition of silver I 1 feel sure that relief Is near at hand said sald senator smoot in the meantime everything that can be done by the west to stimulate the greater use 0 of f silver should be done senator smoot took occasion to rap the critics who advocated that america should cancel her war debt in full fall never before n the history 0 of the world has a nation ever cancelled more than half the debts of other nations as the united states has done he declared the six state bouller darn dara compact was characterized by the senator as a bad mistake by utah we must have power either from naming gorge or other states he said 1 think that well ell still get it I 1 although he thinks there is some improvement in the business Lit the senator pointed out that th there ere Is a serious condition ft f over production which must be solved in the agricultural field the who at and cotton situation is the worst and it can not be regulated unless production Is curtailed ho he said sald 1 I have great faith in the power ot of the federal farri board to render real ais assistance istance the senator ator continued but it must be realized that a pact of wheat heat by the government Is I 1 only temporary aid although the government his has bought bushels of wheat the world knows it Is there and must be consumed |