Democratic messenger. [volume] (Snow Hill, Md.) 1869-1973, 1896-10-10
A Money Student.
He Explains Why We Can ''Go 1t Aione.E
The Facts Concerning Mexico.

He Explains Why We Can 'Go 1t Aione.r
The Facts Concerning Mexico.
We say restore silver 10 where il was.
Coin ii free as you do gold. Restore 10
it its legal tender qualities, and just as
soon rs tins is done, just as soon rs sill
yer can be used at the custom house,
used to pay taxes and 10 pay notes at
the bank, just rs soon rs il car be used
to do the same work that gold does, just
that soon the Importance of goli will he
lowered, its purchasing power will be
lowered, the Importance of silver will
be raised. its purchasing power will be
raised. until the two metals again cir
culate at par. just rs they did for 200
years before silver was demonetized
But. SAYS some one, the idea of BIZ
metallism is all right, but we cannot go
it alone. We must have Europe to help
us; otherwise gold will go to a pre-
MUM. Examine this a moment Every
body admits that if all the European
states would act together they could go
it alone. They could absorb the silver
that is annually produced, and in fact
great deal more, without having gold go
TO premium. Now. gentlemen, the in
ternal trade OF the United States under
normal conditions is greater than that
of all Europe put together, fer while
some of the European countr es have
large populations they are so extremely
poor that they possess very little pur-
oh
could go it alone the United States
could still more easily do so. We could
absorb more than double the amount Of
all the silver that would be brought TO
our country. and it would be like put
ting new blood into the body. The pa
tient is now too weak to travel. We say
restore his blood TO its normal condition
and then lie will again be active.
1t is said that a Mexican dollar. which
is as heavy as ours, Is worth only 80
cents i'll gold, and we are asked, II this
SO, how will we make our silver dollars
circulate side by side with gold: say
we will do il by giving our silver dol
lars field sufficiently large to absorb
all and in which they can do the same
work that geld docs. The business If
Mexico Is 81 small that it docs not fur
nish sufficiently large field 10 absorb
all of the silver dollars The business
of Mexico is less than that If some of
our states.
Multiply the trade of Mexico by 10
and it would absorb twice the amount
of silver that could be furnished any
one year. When the large import duties
paid at our custom houses and the linn
itlcss sums of taxes paid III oar country
are considered, it becomes ut once appar-
ent that this country could absorb 2G0
times as much silver money as Mexico
could, independently OF all the other
nations Of the earth Mexico is on "a sill
yer basis. and NJ. Romero. the Mexican
minister at Washington. year ago
published an article III The North
American Review describing the cou,li-
tions of his country, and he showed that
Mexico is more prosperous now than il
ever was before il It, history. Her
farmers are prosperinc, her business
men are preSpering her manufactures
are all busy, and new ones are being
erected and there il scarcely an idle
laborcr i'll Mexico.
But if all of the talk aboat gold GO
ing to premium were true il would
not meet the question The question is.
Shall republican institutions be main
tanned in this country: If our farmers,
our mechanics, and our laborers are re-
duccd to the condition Of mere tribute
paving S,rfs. then the doom of this re
public is alcd. II they are To be re-
duccd to thu Impoverished condition If
the toilcrs Of Europe then high and
Intelligent order Of citizenship in this
country l. impossible. Men who have
little to eat and little to wear cannot
educate their families. men who have
to give up Ill Of their strength and all
Of their thoughts to what Is practically
unrcquitcd toll are not calculated To act
the role If independent frecmcn. John
u Al------