The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1895-02-11
PRICE OF SILVER.
ITHAS BEENA GREAT GoDSEND TO
MEXICO.
PRESIDENT RA0UL'S VIEWS FROM
From Being "a Gold Standard Man One Year
Ago He Has Become Silverite-SiIver
Means Prosperity to tho Farmer.

hOnWrcN MEXICO, FebruorV t.--Sfau Tor
dependence The Constitutiou.)-Tho silver
question has the right of way IN Mexico.
And, singuarly enough, the strongest
roldbugs 10 he met with arc forced TO adj
mit that under the flood of so-called de
preciated silver the country is progress
ms rapidly.
President Raoul, of the Mexican Nation
81 railroad, gave me an iukling Of this
state OF affairs just before 1 lett Atlanta.
Il have changed my views on the money
question said he. You Will recolect that
less than one year ago. in q conversation l
had with you, l expressed m self strongly
against the free coinage of silver, and in
favor of the gold standard. Wen, / have
heel in Mexico since and have had an OBJ
ject lesson in the management OF the road
OF which / am president. Although the
road is forced to pay its interest and fixed
charges at TO l. the exchange price of sill
yer fer gold, yet Al has made money through
the enhanced business done.
The silver Dollars value.
How, you may ask In the first place.
the silver peso. or dollar, is as good in
Mexico today as il ever was. You can bay
g much of the products Of the country
with it as YOU ever could. Wages remain
dl their normal mark aud have not been
aGected by the disturbance III the price of
silver. The only occasion upon which you
can detect anything against silver is when
you want to buy gold with it. As il buys
everything else except gold, the people are
in noVise troubled about it. Silver viii
buy food and drink; il will pay Tor labor
ard native lnateIial-in a word, in a Mex
Iaans pocket and Tor AeNican's use, it
j. as good as ever. Let ME put it more
strougly-thc deprecated price of silver
abroad has been blessing to Mexico.
~ ne Mexican imports, owing to the gold
basis in England. ana practically in the
United States, have fallen off The ex-
tent to which imports have fallen of is the
limit of the Increase OF internal trade.
When a Mexican can get what he wants
at nome for 4 silver dollar he has no occa-
sion to pay a foreigner a gold dollar for
the same thing. Every country that adopts
the gold standard simply cuts off the pos
sibiIity vi extended trade with silver coun-
tries.
As an Illustration of this 1 will make e.
j. N-rWeut IN my annual report for the Mex
- = at4,Htl 5t5caiuia-tS g, WuIch aiu nov
prepariaS, i'm which / viii show tnat last.
year Sl,0oGJO worth OF material. which We
mad previously bought from the United
States, was spent in Mexico instead. As
about the same fact is true OF the other
railroads running through Mexico, you may
put IL down that a least Sc. 900 was with
Drawn from the United States last year and
invested IN Meyico. all because of the ems
barge which meets silver at the Rio
G'ande. IL is Il mistake 10 suppose that
the silver dollar has lost any of its pur-
chasing power or that because of the huc-
tuatiLg price OF gold bullion when par
chased with silver dollars that the internal
trade IF the country has been at all dis
turbcd, except for the better.
ghC isSU" Drawn.
Il have come TO this conclusion" said
President Eaoul, that in the present state
Of affairs in the United States the issue is
clio
people, and gold is the moley Of the corpo-
raucuS The gold standard will Kill the
farmer ana destroy all hope Tor HIM, but
it is the life of the corporation. Silver is
the money OF the people-the money Of the
farmers and OF small traders. Under
silver basis the people of the country VIII
prosper. but the corporations will be hurt.
NOW, the question IS between the PEG
pie ana the CORPORATIONS. one of the two
must suffer Which shall 1t be?
TO return 20 Mexico again. Money that
previously went abroad, for investment or
for purchases. is now kept at home Tor de-
veiopment. Mexico is Increasing her cot
ton area and cotton factories are either III
oNistsrce or being built WEile the cotton
planter of Georgia gets : cents per pound
for his cotton. and can get only cents Of
trade jan exchange for his money the Mex
lean cotton planter sets cents, and gets
his full cents worth of trade Tor ns
Is.tt
5fead,,rtapo az which q, f.rr,or is nla.ed
~ !, .,,l4 ,oi,ntr,. ana ,,,,,,,,.,. ite ,,l,, L..
80, :,
since my advent into Mexico have seen
- T3.,,i go. ,i,l,o,., .. ,,ott,ir,, INT sil
- - ~, - ~ 80 sr,,,' =, nv.
" - - i.L+t;. - 80 g., -
~ -, - Ii +I9i - ,,,,,,,,, an
no depreciation on the one hand. nor inila-
ZION an rho other has taken Mace Mex
10 10 a countrv Of oxtra,nal, yich and ex-
+r.r,elv moor noonIe the rich have been
a, an, banit og 1o,5i,o~ thoir money abroad.
- - - 80 - 49, .,,, 80, f,,, &C ttair
-, ,,,,,t,.,- ,,,.. co,,o.,nad Now thev arc
ot+a.l,.1 fr,,, ty,,o ei,7as
J. Their coffee. sugar. heunequin. oranges,
etc are money crous, which, when sold,
brings them money worth IN quotation, .
10 l. If they spend that dollar abroad they
Get only 81 worth OF products OF trade for
II If they keep IL at home and convert il
into their own money they get s. for it