The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1895-01-05

gone up again, and the gold price abroad
is doubled in silver in Mexico and they
sell it right at the plantation at so cents
a pound. and you see what stimulus
to the export that is. l might mention
many other things in which the same re-
suit is noticed, but you can see that it
must be so while wages and the prices
of other things remain the same Oh, I
am very sure that the gain by silver
basis has outweighed the loss. -
''But is it SO in manufacturing?
EngIand's Liability to Loss.
"Quite as much so. first. because the
decline in the gold price abroad of man
ufactures has not been so great as the
relative decline in silver or the rise in
value of gold. whichever way you choose
to put il, and the result is an advance in
the price in silver of those foreign man.
ufactures, which is stimulus to home
productions Again, we once exported
heavily of silver to pay foreign balances,
but now we cannot and must either do
without the foreign goods or export
goods to balance, and as we cannot export
heavy goods at any profit on account of
the great cost of transportation our peo-
Dl0 dE5 IDCl10Q " PU6 IlOI0 SKILL III W
what they make. Still another reason is
that more money remains at home, and
there is capital to invest in manufac-
lures. It is in this way, think, that
England is now beginning to lose heav-
lily by this gold and silver division of
nations. China and Japan and many
other countries pay the same low wages
in silver that they did, while in that
metal the cost of foreign articles is
raised So with their cheap labor they
will shut out English goods, and besides
they cannot pay for them if England
will not take such money as they have.
''Do you find the handling of silver
much Inconvenience"
''Not in ordinary business. Sometimes
there is heavy transport, but we al
ready have some we'll established banks
and will of course improve our banking
system. Indeed it seems to me that the
best solution would be to have silver for
domestic business and leave the gold as
the money of transportation. However,
I will not venture on saying what ar
engagements should be made between our
two nations, but 1 have an idea that
this gold and silver business will soon
have to be arranged differently, and that
the gold nations, especially England,
will not find the gold basis to their
profit SO much as they supposed.
Mexico's Foreign Trade.
Senior Romero cited many items from
the Mexican official reports and COM
mented on them to show how existing
conditions had greatly stimulated ex-
ports. On looking over the documents
he gave me find that in the fiscal year
1898 the total exports were $S7, 500, 221,
while for the preceding year they were
SO, 467, 715. an increase of over $12,
900, 900, or Il per cent, and in year
that the exports of most other countries
were stationary or declining. On soruti-
nizing the items, however, it appears
that 500, 5O4, 800 of the last year were
in the precious metals, an increase of
over 81, 900, 600 in that line alone, and
it is quite surprising to note that only
a trif1e of this was in gold, and that the
export of silver is very large and stead
lily increasing J. H. BEADLE