The herald., 1896-09-14

in this country. except gold and bonds.
are depreciating, that in Mexico prop
erty Is going up.
II went from here to Monterey" he
said last night, land right there is where
l invested many good American dollars
in real estate. The man who thinks
Monterey is a dead town must have
lived in booms all his life, for I tell
you 1t looks more like old times than
anything 1 have seen for a long time.
was in the city for about a month,
and while there / visited the mining
| country to the south of Monterey.
Monterey is quite little town. I
do not know of any city in this country
that is making so many improvements
The city now has a population OF 65,-
900, and the sound of the hammer is
heard in every direction. They told me
there were 500 new houses going up
in the city. and from what I saw it
must be correct. I saw one residence
! under way that, when finished, will cost
$3.50, ,0OO
There are good many people from
the United States investing money In
Mexico. The Americans in Monterey
are estimated at 5000. They have smell
ters, breweries and plants for the manu-
facture' Of vitrified bricks, and was
told that a good many of these bricks
were shipped to the western part of the
United States. Some of these plants
are run by Americans. They are now
arranging to pave the streets OF the
city with vitrified brick, and the work
will be paid for as it is done. Monterey
has no city debts.
"Yes, Mexico is. on, silver basis, and
I heard no complaint about it's being
inconvenient. People who want ex-
change on this country buy American
money at a premium of about l9O ana
when asked them If 1t would not be
better to come to gold standard so
they would not have to pay this pre-
MUM they laughed at me, and said II
Mexico was not doing anything but
trading in American dollars that might
be true, but they called my attention
to what they were doing in the way OF
developing their country. and said they
wanted lots of silver money with which
to do it. They say when they sell any
thing to the United States or England
they demand the gold and then sell the
gold for more silver and in that way
they get good prices.
1.-THE opinion seems to prevail there
that 1t will be better for Mexico If the
United States remains on the gold stand
ard. I saw the common laborers work.
ing for so cents day, but they were
poems. who would not get big wages un-
der any system. Everybody seemed
to be employed and there are no tramps
in Mexico. No man could tramp over
that country and claim that he was will
ing to work but could not find it, Every
body would know that he was telling a
story. While property in this country
seems to be always going down, it is ap-
preciating steadily in Mexico. and that
is the reason it is a good place for in
vestment.
"If I were to go to Mexico to live
think I should not accept their view
that free coinage in the United States
would injure that country because
think it would have a tendency to form
closer commercial relations with this
country and all the South American
states. The Mexican and American
people are becoming more friendly, and
/ think there will be great many people
go from this country to Mexico. In fact.
1t will soon become Americanized, but
I found nobody down there who was in
favor Of taking the American money
system along with him. They all prefer
the Mexican system. You tell your
friends that they do not need to lay
awake of nights for fear this country
will be reduced to the standard of Mex
ico for I tell you Mexico is all right. 1t
Is coming to the front, and if present
conditions are maintained in this coun-
try you are going to see lots of Ameri-
can people and American money going
to Mexico in the next ten years.
Wichita Beacon.