Show SHOOT SMOOT PLANS TO 0 h ELl SILVER TIlE THE dispatches In last Jut Sundays Sunday's papers gapers gave tho pleasing Information that Senator Reed need Smoot had pr presented pre prevented vented his bill authorizing the pay pay- went meat of on silver dollars shipped from the mints mint to the banks the object being to stabilize silver after the expiration of the Pittman act In speaking of his measure Senator Smoot said I My measure is In the in interest interest in- in terest of economy BO so far as the government Is concerned but butIs butis butis is designed primarily to restore silver dollars to ta general circulation circulation tion tiao In the west lie explained I to ta tho senate that b banks banka cannot cannat I be expected to ta pay out aut silver sliver dollars when they have havo to ta absorb absorb absorb ab ab- the express charges and the result has been to ta force upon upon up up- on an the people peaple of of the west paper currency that q dirty filthy and unfit for circulation It costs the government two cents a year to ta keep each paper dollar In circulation and the government due to ta frequent re redemption redemption redemption re- re of paper c currency Is printing and putting out aut new dollar bills blUs each year The cost rost to ta the go government of paying expressage on an silver stiver dollars distributed from fram the Denver mint to ta western banks he estimated would not nat average more mare than a tenth of a cent per dollar dallar and the government through passage of his bill bUl I would save something like Uke 26 25 a year at a conservative estimate through the substitution substitution tion of sliver silver dollars for paper In the emst Senator Smoot hopes to ta get quick action on his bill In committee and when it is reported will urge its consideration consideration consideration con con- as aa an eme emergency gency measure Favorable results can can be reasonably reasonably reasonably reason reason- ably expected fr from m the efforts of Senator Smoot |