Middlebury register. (Middlebury, Vt.) 1886-1937, 1896-09-25
MONDAY, SEPTEMBER %, 1896.

: lThe REGISTER will be sent to new sub
ribers from now to Jan. ], 1897, for 30 cents
sh in advance.
The following article is from President
iaz of the Mexican Republic, and is OF
urse of the highest possible authority
is a direct demonst tration how the
resent financial conditions of the world
e working to the best advantage of the
ver-using nations, and the equal dis
Ilvantage of those that make use Of the
bid standard. The moral of this is that
system of finances in which the money
rresponds fairly with other values is
eatlv beneficial to the business inter
Is and prosperity of a nation, whilst
system in which the money is con
antly increasing in value is most de
ructive to those interests and that
Aosperity.
Unquesuonably our people, in time
. III understand ths and when they have
8fered enough will overthrow the
resent gold system, surreptitiously and
ost dishonesty fastened upon our
4untry by the Rothschilds and other
linking interests of London and Europe
CITY OF MENICO, Sept. 0, 1896.
b w. II. HEARST, New York journal:
do not care to discuss the effect OF
e silver coinage on the material inter
4 Is of Mexico with view to influencing
e result of the coming national election
the United States. Such course on
. V part would be wholly Improper, con
Herring the friendly and peaceful re-
tions existing between the United
4 ates and Mexico. The present political
Sue in the former country is the ques'
'bn of the money standard, and | do not
'ish to be regarded as in any wise at
mpting to affect the outcome.
can give the facts relative to existing
dustries and the establishment of new
hes in Mexico under our financial sys
m, and each may draw his own con
usion as to the causes which have pro
| need such awakening in commercial and
dustrial affairs. Ocular demOnstra
'ons Of the vast development may be
.und by visiting the cotton and woOller
4 ills in our various cities. Some are old
hers recently opened. Our paper mills
{ nd their output also furnish evidence OF
If material prosperity. Until a com
|hratively recent period all the pulp useC
the manufacture of paper in thi;
'buntry was imported, and the paper
bly, was made in Mexico now the pull
nd everything that enters into the com
.oef nf ie
apartments of the government will fur
ish the exact data and statistics show
Ilg the growth of domestic manufactures
ind commerce.
/ 'ROwTH OF MEXICO's COMMERCIAL IN
TEREsTs.
While our material interests have in
,reased steadily and healthfully for th'
.lst twenty years, since the close of th'
Indian mInts and the repeal of the Sher
ban law, so called, in the United States
be growth of MeXico's commercial anC
'ldustrial interests has been particularly
Ilarked. The consequent appreciation
the price of gold and the increase il
.Xchange between Mexico and the gOl(
3sndard countries at once operated t
.educe importations and stimulate hom,
manufactures.
The added price of exchange was il
| fleet an addition to the tariff. The i'm
Orter added to the original cost the dut!
/ nd cost of exchange. Our cotton AM
.HOollen mills already IN operation wer
'bliged to enlarge their capacity and new
/ ines were established. The number o
speratlves necessarily had to be great!
bcreased.
70 show the falling of in the consump
4 on OF foreign merchandise it may b.
aid that the year prior TO the increas
II foreign exchange on silver Ou
'ustoms collections at the ports of entr,
mounted to S22 100000. The next yea
hey were Sl4,000,0O0 In the fiscal yea
hiding in 1890 our impol tations exceeded
| -, 900 900. In the fiscal year ending il
800 they were slightly in excess o
s34 ,000, 900. On the other hand, Ou
Expectations increased. In lS90-9l the,
mounted to $G3 100000, and in 1894 8
b 800, 900, 900. The was nothing in tn
ature of a commercial panic cOnsequen
pom the sharp advance in silver eX
hange.
ANK AND BUSINESS FAILURES RARE L
MEXICO.
Our merchants are conservative an
areful, and bank and business failure
re happily rare in Mexico under an
circumstances. AS to wages and tn
condition of laboring men, considering
he nature of work and classes of il
ustry, they compare favorably wit
hose in other countries.
The demand for skilled labor ha
srown with the great increase in tn
humber of mills and manufacture:
This demand in all branches of labor
|trong. The added exchange has nc
Impaired the value OF our dollar as az
piled to the purchase of articles of HON
|nanufaeture. Its buying power is vi
ihanged in this respect, and prices fo
domestic merchandise and produce var
bnly according to the supply and tn
|iemand.
Heavy investments of foreign caplt'