The White Pine news. [volume] (Treasure City, Nev.) 1868-1906, 1894-05-05


way Mexican silver Dollars are in
Dsnaand the Werid Over.
Moreton Frewen, the we'll known
English Bi-metallist explains the ad-
vantage of coming Mexican dollars
out Of American silver. In letter to
the New York Press, he says:
The relation which China japan and
Mexico occupy to the silver question
now becomes very important, for the
more rapidly the exports of japan
and China expand the more speedy
will be relief afforded to the silver
market, and the more liberal the coin
age of Mexico the more rapidly will
China trade respond to the quickening
influences of falling exchange rates.
The government of Mexico therefore
should lose no possible occasion to
pour silver upon China in the form of
dollars; Mexico's interests in the stab
ility and strength of the silver market
is very great. Not only is silver her
chief export, but the fall of fifty per
cent. in its gold price has doubled the
burden of her foreign debt, and has
impaired the value and the security of
her railways from the point of view
of the foreign investor.
AMERICAN SILVER OUTLET.
The proposal that the United States
Government now makes to the Mexi-
can Government to lend Mexico the
American mints for the coinage of
silver free of charge seems to be
proposal which the government of
Mexico might well have offered to pay
for. 1t means probable relief to the
silver market-a relief that not much
later may assume great dimensions;
it means that if Colorado silver can
be diverted by this project to flow
westward across the Pacific, instead
of eastward to London, then every
dollar coined in San Francisco will
pay q tribute of 4 1-2 cents to Mexico,
where now her bullion exported pays
nothing.
But of far more importance than
this is the consideration that it is the
present position of the silver market
in London which leads to these terri
BILE silver slumps from time to time.
Nobody in London wants bar silver,
and China, as / have pointed out,
takes very little. There are many
cogent reasons why American silver,
relieved from speculative manipulation
in London, should flow westward from
the Rockies, instead of flowing east;
and if Mexico, in place Of bringing the
mountain to Mohammed, would take
her mints to the American silver bull
lion at Pacific ports, not only might
her seigniorage Toll assume dimen-
sions of great importance, but the re-
lief to tho silver market might be very
great.
NExIco's CONSENT.
The first feeling in Mexico as to the
proposal to allow her to erect mints on
United States soil is not unnaturally
feeling of suspicion. The Mexican
Government, however, has too long
an experience of the silver question al
affecting it's own interests to make any
mistake in its reception of the Offer
which tho United States Senate hal
authorized the President to make. II
it sees the question in another light,
and declines, it will be for reasons ol
state-reasons which are outside the
sphere. of commercial interests. Tt
pretend, as some writer's have, that
Mexico cannot constitutionally coin
her money in California, or for thai
matter IN India, is absurd. Mexico
coins, money. for China; England fol
Brazil and Portugal; Germany coined
all the last silver dollars for Egypt
dollar which, by the way. is the heavi