The midland journal. (Rising Sun, Md.) 1885-1947, 1893-08-25
QUESTIONS OF THE DAY.
HOW 1T WORKS.
Labor;s Interest in the Question OF
Free Coinage.-Would Give
More Employment.

Free Coinage.-Would Give
More Employment.
A MEXICAN MERCHANT EXPLAINS
TRADE BETWEEN NATIoNs-HE
FAvoRs THE PAN. AMERICAN DOLLAR
Senior Don Alvarez, a gentleman
doing business in the City of Mexico,
called on US this week, says the Den
yer, Col, Road He conducts large
mercantile business in that city and is
yising America for the first time.
"You have grand country said he.
az have been in New York, Boston and
other cities and have visited the Worlds
Fair at Chicago. / never dreamed
your country contained such a pro-
gressive, inventive and pushing people.
I wish could do business with your
people, but I can't. l buy your cotton
goods through London and Liverpool
brokers and pay them in silver bullion
which they carry to India to coin into
rupees that pass in India trade at par
with gold. By this means they do by
my country as they are doing by this
beautiful nation of yours, namely, ruin
our farming industries. By the way, |
cut this article out Of one of your
Denver papers this morning and wish
you would read it,
After looking ever numerous other
newspaper snippings, he at last found
what he wanted us to read. 1t read as
follows:
New York, July 20-The Evening
Post says: The effect of the proposed
closing of the large Amoskeag cotton
plant in Manchester, New Hampshire
during the month of August, it is
asserted. has been generally overesti-
mated. This, at all events, is the view
of many Of the leading cotton merchants
of this city. 1t is regarded as prob
able that many other mills in New
England, such as the Manchester mills,
the Pembroke, Webster and China
mills and the York Manufacturing
Company of Saco, will shut down, but
nevertheless, the situation is not con-
sidered as an alarming one by the New
York merchants.
One who combines cotton with bank
ing trading said today:
''The closing of the Amoskeag mills
will undoubtedly be followed by the
closing of other large manufacturing
concerns in New England There is
already large accumulation of ging
hams which will be forced down in
price if the production continues at the
present rate. A large proportion Of
these goods are for the spring trade In
view of the present financial disasters
it is hardly to be expected that the
country will have recovered from the
drain by spring, SO that trade then will
probably be anything but brisk. In
view of smaller demand, therefore, il
is but natural that the mills should
diminish their output accordingly, This
is best done by stopping work alto
gether and thus save the heavy expense
of keeping up the power. besides {
whole months wages. A month";
wages for the Amoskeag operatives,
understand, amounts to as much al
$225,000. This is the best time O
the year for such measure, for many
of the operatives wish to take a vaca-
ton during the summer or can at leas
stand the enforced idleness better thar
in winter, when their living expenses
are so much higher. IF the mills hac
not decided to close now, they wonle
probably have had to do so in Deem
Der when it would have been a very
serious matter for the operatives"
After we had read it we handed i
back SO him and remarked "It's sad
isn't it? p
"Yes," said he, shut it is sadder still
when one contemplates how utterly
foolish it is to permit such condition.
"How would you remedy it =" We
asked.
"Easy enough, he exclaimed, as he
lit cigarette and settled himself down
in our big arm chair. SNOW listen. ]
buy thousands upon thousands of yards
of Amoskeag cotton in Europe every
year, as all Mexican merchants do
Now suppose your manufacturers would
come to our Mexican merchants and
say: Here, we have passed free coin
age bill and can now allow you Sl.29
per ounce for your silver against 10
cents per ounce allowed you in
England How long would youl
Amoskeag mills be without orders
under such condition ? Why, in no
time they would be submerged with
orders and we would use Amoskeag
and other American made cotton to the
entire exclusion of cotton grown in
India and manufactured in England
In fact, America would capture our
entire trade, not only in cotton goods
bat in every other line of manufactured