The Superior times. [volume] (Superior, Wis.) 1870-1912, 1890-01-25

New York, Jan. 20.-Tha ilvenine
Sun publishes a sensational article to-
day. purporting to give the details Of q
gigantic counterfeiting business said to
have been carried on by certain Cit
zens of Mexico. 1t states that these in
dividuals have within the past two
years coined 5,009.00l of our silver dol
lars, and after shipping them across TIE
border have disposed of them VII,
profit to Il emselves OF oS cents on "a,
dollar. The sun SAYS that during lii,
past few days rumors 20 the above effect
have been atloat in Wall Street, but
have been carefully confined to few
prominent bankers and tinanciers who
have taken extraordinary precautions
. to prevent the reports from getting be-
! yond their own little circle.
| Within the past few months, or per-
haps longer, it has been motto, 4 10y
/ bankers and other MI who have TO do
| with money IN the portions Of the
| United States contiguous to Mexico,
| that there has been an unwon,-
edly large number of United States
silver dollars in circulation. This fact
has been noted by bankers in Texas.
New Mexico and Arizona.
As soon as attention was colled to il
the bankers naturally began to specu-
| late as 10 the causes OF it, and TO attempt
to trace back payments made i'll silver
| dollars. Certain il was that these coins
could not have been shipped from the
| United states coinage mlnts without the
| knowledge OF the local Tanks in Texas,
| New Mexico, and Arizona.
1t was found that many of these
coins could be traced to Mexicans living
across the border. who had given them
in exchange for commodities, pur-
| chased in this country. Then arose the
| question: Where did these Mexicans
| get these United States silver dol ars in
such large quantities?
Then began a regular inves igation.
which led to the disclosure OF many
suspicious circumstances, too small TO he
noticed by themselves, but forming sig
| nlticant links In ch in of tNidei ct
pointing to one OF the most remarkabl
| international crimes, if such it may ht
termed, that the world has ever known
| This is the conclusion which the
bankers in Texas, New Mexico ana
| Arizona have arrived at as result o!
their investigations: That band oi
| Mexicans, calling themselves a private
| bank have been coming United Staes
| silver dollars and uttering the SINE 10
| MeXlcans, who gave them in return 70
| goods Durch sed ON this side Of the
border. Perhaps there IS more than
one of these institutions; perhaps hall
| dozen.
The gentlemen who are investigating
| this gigantic plot, if such it proves to
be. are o. the opinion, deduced from
many minor details, that this wholesale
couaterte iting has been going on tor
| over two years, and that at le st s.
,C0J counterfeit United States
| dollars have thus been foisied upon
| the citizens OF thi, country Ey
the keen-witted Mexicans. How the
dollars are uttered the investigators d.
not know. 1t is possible that the "pri-
vate banks" or Mexican coipers OF
| United States money, utter the coins
directly through their own employees to
the people across the line in
| the United States. In that way
| they would secure to themselves the
whole of the profit Of about - cents on
each coin. Or, and this idea seems
much the more plausible, they utter the
| coins to MeXlcans at u compromise Value,
| something between - cents ard 81.
! The Mexicans, who thus assume a risk
| in connection with passing the dollars
| although Ii is a small risk, get their coin
| for less than 81 IN consequence of that
riak