The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-09-05

avg w ~ ivtva DSssSih
MONEY EXCHANGED Highest
" pfIcftpaid for American money.
In free silver Mexico. therefore, II
appears that money. both native and
foreign, staycommodlty for rbattef and
trade, rising and falling In price, me-
cordlng To the fluctuations in silver
from daysto day.
Another Example.
That part OF the masthead OF ths
two republics, also published In the
City OF Mexico, which relates tol Sub.
scrlpt!ohs. reads;
THE TWo REpuBLlea
"a DAILY JOURNAL
%Estabiisiisi la 1901,
(Rcglstercd ms Second Class Matter.)E1
SUBSCRIPTION RATES.
One Year, ~ the city,, ..... .y,tt.. $40 %
'one Year. In the limited States md
elsewhere abroad tUsS currency S0g
Single Copies ,as.a., s!tio.. y sf,.yst los
All subscriptions Tor less than one
year In the city, $lsper mJntlt Terms
Invariably In advance. Payments
abroad u be- madet by draftho 81 New
York or london.
Published prominently on The first
page OF tho Two Republics every day,
can be found y telegram OF thta style:
Special via Galveston.
NEW YORK. Aug. s.--Moiiey on call
at sh@s per cent, Discounts per cent
London exchange sixty days ststh;
sight. 81 SCH
Mexican dollars 5lN cents.
VI Sttt,nra Ghl n In NpIV Sdrlk III nnNt NANCE
In london.
Pig iron $40 0O91s 90.
Copper $40 O0tpia 90.
Lead. 50 1907 "a.
Tin. $l3s lOd15 90.
Dollars, pig Iron, Sc0ppsr, silver. lend
and tin are all quoted as commodities
ut their commercial value, Certainly
this tells Its own story to a country
which believes In II dollar OF a fixed
and permanent value.
The very first paragraph Mt the top
of the editorial column Of Il recent copy.
of the Two Republics, reads: Is
"Silver.ls steadily on the decline, New
exchange being quoted In this
city yesterday at s5Gs7 per cent pre-
MUM"
Exchange Going Up.
Turning to the local news in the same
paper | found the following:
Exchange Is out OF sight, and still
going up, was heard on all sides yes
terday. Merchants who have bills to
pay in gold. were out rustling for the
best figures as 1t appears to be gem
orally understood that gold Will go.
stu higher. 1t was quoted yesterday at
IL 9lls, ~although3it sold in the MORN
ing at 81 96. Some of these corn spec
ulators are likely to get pinched, re-
marked one of the dealers yesterday.
Some of them made close figures When
gold was ut 81 &c., calculating, no doubt,
on quick sales and small profits. The
advance In exchange as now quoted
Will more than consume their profits
and before they can make delivery.
from present Indications, 1t will be
still higher. There promises to be
some; sad men seen kicking themselves.
about Mexico in a few days. 1t takes
more than q big crop OF corn, cheap
railroad rates and a temporary reduc-
lion in duty, to make successful spec
ulators."
These illustrations of The acrobatics
OF Mexican free silver money suffice
for this first lesson. Sam j.. B. Morse,
general passenger agent of the South
ern Pacific. at New Orleans. and who
Is very well known In Cincinnati. told
me about an experience Of ono of his
passenger men who accepted a posi-
ton In Mexico, and who afterwards.
wished he hal remained at home. but
that, as Kipling said, ls another story.
EDWIN s. GILL.