Marshall County independent. (Plymouth, Marshall County, Ind.) 1894-1895, 1895-08-22
Silver Mexico.


Silver Mexico
we don't hear so much lately of the
sllver-stricken people of Mexico. AL
,houSh Mexico is Il free coinage coun-
try, yet all the silver of the world Is
not dumped" al her minis. as is the
phrase of the gold people. AS matter
or TACT, Mexico is prospecting as she
never has done before. and it is grady-
ally getting into peoples heads that il
is because she has and uses the money
her mines and the industry of her peo-
pie supply. AS the rate of exchange"
which the sweating process of the Lon
don clearing house is called. is all
against her. she is turning her atten-
ton to manufacturing and supplying
her own wants. And thus the very pol
icy that hurts us and deadens enter
prise and industry. stimulates that of
Mexico, and is making her prosperous
rs never before in her history.
Mexico doesn't have any trouble in
meeting the interest on her silver bonds
or silver debts. Rather than depreSs the
prices of her lands. of her labor and of
her products to meet the uSury of the
foreign bondholders her treasury SIM
ply buys the Exchange" puts it to the
profit and loss account and allows the
people to go on undisturbed in their
business. Her statesmen don't demon
etiZe silver in order to sweat the dis
count out of her people. nor does her
Secretary of the Treasury keep the sill
yer piled up in his vaults and pay out
gold for everything-the financial policy
of the Mexican treasury is not run that
Way-and hence there is mo trouble
in its condition.
In short, the situation i'll Mexico is
but another illustration of the fact that
when people have plenty of money,
when it is readily obtainable and is be-
yond the ability of q few bankers to
corner and control. the people are en-
couraged to enterprise and the creation
of wealth for themselves. which brings
prosperity to the country generally.
1t is almost incredible that with the
facts of the past staring us in the face,
with such examples as Mexico and all
silver countries before us, and the de-
preston in all gold countries, so sharp
as to give life to the anarchist move
ments. and threaten revolt itself. that
men of intelligence should be so blind
to the logic OF things. Why. even the
boasted money power of England is fed
4. Gil
sessions. Yet such is the fact. Her
wealth is from the discounts collected
from the production of other countries,
and the gold crusade under which our
American prosperity now lies crippled
is but an effort TO add our great produc-
tive wealth and trade to that from her
other victims. No word but victim eN-
presses the condition we are in.
Mexico is far wiser than we. She
has in her own mountains her own
money. and even with her infant indus
tries. not e-hundredth part develop
ed as ours are. she can pay these dis
counts with purchased exchange, and
at thc same time is working out her III
dpDendencc by keeping her own money,
her mines and minis free TO her people.
The American people cannot be Ions
deceived by sound money cries, which
mean no money 10 the masses unless il
is borrowed and pays interest TO some
body that lives in foreign land. Mex
leo, with one-siXth of our numbers,
with her industries almost primitive. is
prospecting. while we have been wadinG
through bankruptcies. Why: Be
cause she has sense enough To keep 10
her OWN money and its free production.