Show EUROPE DROPS USE OF SILVER I Senator Smoot Says u V S To Lose Expected Market arket WASHINGTON Aug Auff Sena 16 11 15 Sena Sena Senator nor tor Reed Smoot ot of Utah who Washington yesterday Europe declared that the tho th American American merl n a-n silver er mIning Industry Ind need not look to Europe for new Ot of Increasing markets market Instead of Increasing our mar mar- markets markets mar T ets for or silver lIver in Europe said aid Senator Smoot quite the reverie r likely to happen Since tho the war tho son go of Europe have learned th that thit t they can Issue lesue money without a 0 gold told or slier stiver or reserve and In consequence the sliver of coins colas has been decreased whore hore silver slIver I li is Used at all The They I Use of coin has hos largely been sue sue- uc by paper aper currency and the tho Is all away from the he use us 11 or currency no catlon cation whatever of a change e In the monet ry tide Outside of for coinage the demand for tor slier or like the tho demand tor for everything else American Is way say below normal and chaos continues the Am t icon i silver sliver Industry need look for tor no nn increased markets market In Cu- Cu Eu lu Europe rope fOlk E liter t Smoot expects expect to call on Coolidge today to pay hi hie respects and to discuss S the situa situation tion both In America and In Eu Europe rope The senator cent ent ent abroad at atthe atthe the suggestion sUlest of President hard hard- Hard Ing log ing to study tile economic situa situa- situation situation situation tion and ho will gee gt President coolidge the th results of hIs hi ober In the countrIes he visited Secretary of the Treasury Mel Mel- Ion who went l on a 0 similar ml- ml mission slon sion and anci who ho with Ith Senator Se Smoot is on the Iho lii foreign debt commis commis- ZIon 1 Ion on is Ie I expected epe In Washington next Monday and ond Senator Smoot will remain hero her until ho be can con con- con confer far with the th secretary of the th treas- treas treasury treasury ury After Alter that conference he h will return to Salt Lake for tor the th re- re remaInder remainder re remainder of the congressional re- re recess recess re recess cess I Since Sine his return from Europe Senator Smoot has given riven no Inter Inter- Interviews views on the elevation of Mr Coolidge to the presidency and Is not disposed to discuss that sub sub- subject subject sub subject for tor publication He lIe said Mid Mr Ir Coolidge would be b a safe sat and sane president preside and Indicated the t confidence In the th new ex- ex ex executive Senator Se r Smoot was one on of Intimate advisers rp of Pre nt Harding particularly on fiscal and tax questions and ond his relations with Ith the White House sere ere I tilly ally close clos The Th senator also Is In Inthe inthe Inthe the confidence of President Cool Cool- Coolidge Cool idge though their respective e ot- ot offices of offices have hav not in the past brought them diem Into intimate relationship While In France Franc Senator Smoot I vIsited the th Important battlefields visited each of the th world war and of the cemeteries where here Americana American soldiers are burled |