'The silver problem, with its many ramifications and adverse effects. on world trade, revolves around China, India and Great Britain, Senator' Reed Smoot, Republican' of Utah, declared in' a formal statement! issued here to-day.
International complications, such the question of war debts, make it impossible for the United States: to take the initiative in summoning. fan international. silver conference, Senator Smoot said. He said that important matters such as the War debts, India's alleged dumping of silver and other equally delicate problems are bound to arise in the Course of discussion at an international silver conference.
America, in the opinion of Senator Smoot, has nothing to do with the silver problem apart from the fact that she is suffering in loss of trade and in the depressed values of the products of her mines arising from the present situation in the white metal markets of the world. Ind in the belief of Senator Smoot, is the key to the silver situation.
Senator Smoot indicated doubt that the international silver confer-one proposed by the International Chamber of Commerce can succeed in increasing and. stabilizing silver values, His "statement indicated that the Government of the United States will stand aloof from efforts to deal with the. silver situation Until some other nation has taken initiative in convening an into nal white metal conference.
Text read from the printed page and cleaned; old type leaves the occasional error.