Southwest-sentinel. [volume] (Silver City, N.M.) 1883-189?, 1896-05-19

iion 70 groundleaa Tho silver Of
ihe world Is nearly an coined n.
rgsdy and doing duty no money
either as q standard Of values ID
silver siandard countries or a.
credit money IN gold standard Eu.
rope.
Europe holds about ono-hall
the silver Of Of the world. whors n
il coined and circulating a q rats
Of less than 16 to /, 20 chat Va
need not fear q dolngo from any
portion Of European silver.
Tho man Of Europe who wantl
70 exchange q quantity Of silver
for q quantity Of gold. can do %
now, at a ratio Of l5f to / in
France, and IN England 1A8e
ounces u silver viii purchase ca
ounce Of gold; while # be should
bring his silver 10 this country Il
would require 76 ounces Of silver
to buy one ounce Of gold The
ratio Of every nation Of Europe is
less than ours. II is nonsense to
talk Of a food Of silver from Eu-
rope. But there Is another reason
why European silver viii never
come TO this country; silver money
is needed IN Europe. There,moro
than here, silver is the money of
the poor, the common people and
is absolutely essential for tho pre-
~servation Of society. And what is
true Of any nation in Europe, Is
true Of all nations Of Europe. No
nation on earth Is suffering todsy
from a silver deluge. Even the
silver standard natiops-Mexico,
India, China, japan, tho south
and Central American republics
in none Of these countries are the
people suffering from too much
money. Not even the poor, de-
spised silver 10 too plentiful. Il
is no argument against silver to
say that It would Mexicanize the
currency and that Mexico only has
a per capita circulation Of 496.
even the silver produced in Mex
leo does not all remain at home; it
circulates the whole world around
No coin ever made by the hand Of
man has SO wide and almost uni
versal q circulation rs the Mexi-
can silver dollar. In London and
Paris, Constantinople and Calcut-
IA, Pekin and Sydney, you can
End that despised Mexican silver
peso. Although silver IL being
produced in Mexico at present
more plentifully than at any time
during this century; it is also be-
ing exported to ell parts of the.
habitable globe. II is being ex-
led, because tie nation can af-
The people n buy
other nations.
psperous today
yiofe in her history.
aiating medium Il in
cleaslng; her trade, foreign and
domestic, Is growing; prices
through the east, are not falling,
there r no great panics and bus
mess is safe. The people are not
as highly civilized as are some
other nations, but they are going
forward, not backward. To prop
erlY describe Mexico We could say
II is booming. Even when silver
and gold bore the commercial
ratio Of 15i to i in all countries,
Mexico enjoyed but q small per
capita circulation, and that in
stead Of oonsta1tly decreasing,
like our own, has annnally aug
mented. The per capita oircula-
ton Of Mexico. today is larger
than ever before. There has been
no remarkable increase but q
steady normal growth 70 meet the
requirements Of the increase Of
population and business. Proof
Of this normal increase is in the
fact thar there has been no violent
change in the purchasing power
Of the money unit The purchas-
ing power Of the silver dollar Of
Mexico Is the sans today e. it was
ten OF twenty years ago. Nor Is
the country being delugod with 3
cheap or so called degraded cur
rency. And what has bson said
Of Mexico. can BE- said Of every
silver standard country on earth.
All are enjoying a period Of pros
pority unless il is India whore the
British misrule has closed the
mints 10 the money Of the country
and whom instead Of the currency
increasing il Is decreasing. None