The Forrest City times., 1895-05-10
WHERE Is PROSPERITY.

| lv more silver money than the excu- sive silver countries do. Why? be- cause with the gold countries it is used as subsidiary coin. small change"
 while in silver countries it is every thing. Because in gold countries there
 is prosperity and in silver countries there is none.-Helena World.
 We do not feel called upon to discuss the relative merits of gold and silver monometallism for tenets of the Dem- ocratic party leave no doubt on the question. Bimetallism is the Demo cratic doctrine.
 It is claimed by the "honest (?l money" advocates, that the free coin- age of silver and gold at the ratio of Is to would pat this country upon a silver basis and cause inconceivable disaster. Granting the first conten- tion, which, however. we believe to be false and the most violent gold mono metallists can offer it as nothing more than a prophecy, we still maintain that the second contention would not fol- low. In proof of the assertion, take the case of Mexico; Mir. Leech, the Director of the Mint under President Harrison, prepared table showing the gold and silver used as money in the countries of the world. Mexico.is re- ported as using 5 millions gold and 50 millions silver; from which the in- Lference is that Mexico is on silver basis. Mexico does not export near so much as the United States. and yet the state of affairs in Mexico is not so dis astrous.
 President William G. Raout of the Mexican National Railroad, in an in. terview with Associated Press reporter at Atlanta, Ga, May 4, said
 When meet the English directors of the Mexican National Railroad will have to emphasize the points made iu my last annual report, in which, ac- counting for the dividends paid when so many American railroads had failed to earn them. attributed it to the impetus given to business in that cOun- try by the use of silver for money. For four years successively, during which time American roads have failed to pay dividends. in the face of an ex- change of to l to meet our fixed for eign charges. the Mexican National has netted a profit Of S300,000 over each year.
 ..The use of the silver dollar has stimulated every industry, and there is continued movement of prosperity in that country. The charge made in some American papers that 50 cents worth of silver caunot be exchanged into Sl % of coined money comes with poor grace from those who actually ex- changed away 40 per cent of the value of the silver dollar, or to put it in an other form. from those who exchanged the gold dollar 10 d value of Sl 30. If legislation can do the one thing it can do the other.
 During the first half of this century the production of the world was IS per cent. silver and 22 per cent. gold. Dur ing this time practical parity was main tained at the ratio of l5i to l. the var- ation above and below that ratio being 45 per cent. From 1850 to 1881 there was largely more gold than silver pro- duced. the lInes meeting and crossing in the latter year. since which time more silver than gold has been pro. duced.
 The fight is now between the peo- pie who are engaged in productive work. who want the maintenance of silver as coequal of gold in final pay ing value and the hoarders of gold 1 whose only avocatiOn is that of usury and who all want their money stamped in gold under the care of government protection. of which the farmer and citizen are deprived"
 The words of Mir Raout are very in- teresting. when We consider that a large per cent of the railroads of the United States are in the hands of re- ceivers, and others are steadily drift ing thither. while the Mexican Ma tional is increasing its revenue over $500 900 per year.
 ''The use of the silver dollar has stimulated every industry. and there is continued movement of prosperity in that country This declaration sounds very strange after having read from the Helena World that ill gold eoun- tries there is prosperity and in silver countries there is none.
 It is charitable to attribute the Worlds assertions to ignorance. for there is but one alternative and that is to suppose that such declarations are prompted by desire to deceive its