The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-05-23
FREE suvER.
How 1t Would HelpalOur Trade witt
P0n-America.

Pan-Amerlca
A correspondent OF -fheI Denver Road
writes that paper as fellows:
Terraszas, the wealthiest and most prom
inent merchant of nottherb Mexico and
formerly governor of the state Of Chihua-
hua, In speaking to your correspondent
today, regarding the latest silver comprom-
Use, proposed by the protected manufacture
ers of Pennsylvania, to, coin silver free I'M
der the conditions proposed, Said: II regard
the proposition as narrow and descending
to simply benefit the silver mine owner
and no one else, while on the other hand
the absolute free coinage Of silver would
rebound to the prosperity Of every dollar
in your country. l will, illustrate:
AN ILLUSTRATION.
"Our (Mexicam trade with the United
States as compared with that of England
Is almost nothing. We go to Europe for all
our manufactured fabrics and nearly all
our mining and agricultural machinery in
fact nearly everything produced by in
dustrial labor. This is absolutely true of
Central and South America. Now, sir, I
cannot but deplore the blindness Of your
manufacturers, legislators and capitalists
in clamoring for mOnometallism, for, look,
sir, is it not a fact that cannot be con-
troverted, that were the United States to-
morrow to adopt the free and unlimited
coinage of silver at the ratio of 151a or 16
to l, thereby making every ounce of silver
South America in fact every silver produc-
ing country in the world become at once
the consumer of your products, and we in
turn sell you our raw materials.
DUMPING GROUND NONSENSE.
Il have heard your citizens say that the
United States would become the dumping
ground for silver. Now then, in the first
place, it would be impossible for you to
get ounce of silver into the United
States except in exchange for your pro-
ducts. In the second place the Central and
South American countries are free coinage
countries, and have the silver standard
That being so, England, in her present at
titude toward silver will only allow us the
present London market price (the market
price being made by England) No sane
importer would buy her products but in
stead, the United States which is a nation
that can rival the old country in manufac-
lures, would receive the entire trade of
pan-America. In other words the traffic
which is now being carried on between this
continent and Europe would be swept from
the seas, and instead you would do the
trafficking of this western hemisphere
Why sir, in a few years the United States
would be the greatest producer and the
financial center of the world.
THE TRADE OF MEXICO.
I'VE would go to your capitalists and
bankers to take our national, state, NUM-
cipal and industrial bonds and other Sc
curltleS to the exclusion of the foreign
powers. Our industries would look to your
investors for financial aid as the entire
American continent has heretofore to
Europe. Europe is compelled to look to this
continent to consume the product Of her
industries and if she We're shut out her in
dustrial classes would sink to abject pow
erty. Speaking figuratively, were Uncle
Sam to stick his thumbs in his vest holes
and say to Europe in monroe doctrinal
sort Of way: "Old lady, I see through the
trick you want to double your income
and loan it to me. You double your money
and double my debt. l can no longer tie to
your apron strings, but instead give my at
tention to the prosperity and happiness of
my children and myself.
EUROPE WOULD BEG.
"Then Europe would begi for mercy and
prosperity would reign. This hemisphere
produces the silver and nearly all the gold
and l ask, why one-halfithe developing
power of the world which it has taken
centuries to produce, should be destroyed.
Mexico, Central America, South America
and your own western states unde-
veloped and silver is the motive power
needed to do the great work. I regard the
present opportunity as the grandest ever
offered a nation situated as is the United
States to make the most advantageous move
ever made on the political and financial
chess board of the world to her everlast-
ing glory and prosperity"