The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1896-08-08
UEEQUA[ED PROSPERITY
Happy Condition OF the
Mexican Republic
THE LABOR|NG CLASSES COMMENTED
Employment Offered to All Who
Desire Work
MANUFACTURING INTERESTS
They Are Being Developed Throughout
the Entire Country
An Interesting Chat With Hon. B. salazar Of
chihuahua
The Silver Dollar Has Accomplished Great
Mission for the People Of the 1cxlcan
Republic and nore Particularly
Co. 81. wo,Lin1 Claases
Employment Offered to All Who
Desire Work
MANUFACTURING INTERESTS
They Are Being Developed Throughout
the Entire Country
An Interesting Chat With Hon. B. salazar Of
chihuahua
The Silver Dollar Has Accomplished a Great
Mission for the People Of the 1cxican
Republic and Hore Particularly
for the Working Classes

1.-THE republic of Mexico was never in
better condition in point of general
and universal prosperity than it is to-
day"
This was the remark made by Hon. y.
Salazar. member of congress for the
state of Chihuahua to a Herald reporter
last evening while discussing the pro-
gress of the sister republic, the develop
ment of her resources and the general
condition of her people.
Mr.. Salazar is an intelligent gentleman
about forty years of age, who is in the
city with his family. He stands very
high in official circles in Mexico, is man
of large means and progressive, push
ing citizen-the kind of man who is ever
exerting himself to assist in the upbuild-
ing of the community and the country
In which he lives.
Yes, sir" said Mr.. SalaZar, you can
truthfully denounce all stories to the eff
feet that Mexican industries are de-
pressed or that the general condition of
our people is not prosperous as false
hoods.
The financial situation in Mexico was
first time in our history we this year had
surplus in the national treasury Of
5000, 900, coo after all debts and claims
against the national treasury had been
liquidated This was novelty with Us
and altogether a very pleasing fact
which all loyal Mexicans are only too
proud to relate.
1.-The effect of the free and unlimited
coinage of silver in Mexico has been of
vast benefit to the republic and to its
people. 1t has resulted in keeping our
money at home for the development of
our own resources.
I'VE coin a silver dollar now which is
used at home. Throughout the republic
it is worth 100 cents in exchange for any
commodity or any article you wish to
buy. Abroad it is worth SO cents only
although it was formerly worth from 80
to 80 cents in these same foreign coun-
tries. The manner in which capitalists
have depressed the value of the white
metal to destroy it's usefulness as a
medium of exchange throughout the
world is responsible for this condition.
However. Mexico has no complaint
to make. Our people are happy AMI
prosperous. Labor finds employment on
every hand, and wages are on the in
crease. AS time passes our industries
and natural resources are being con-
stantly developed. and this furnishes
employment and creates brisk demand
for labor of all kinds, and more particu
larly for the skilled artisan.
THE people who object to the Mexican
silver dollar are our wealthy population
who live abroad The rents and the in
comes they receive from the proper
lies they have inherited in Mexico are
payable in the Mexican silver dollar,
which in London, Paris and the water
ing places of the Mediterranean passes
for but SO cents, where it formerly went
ior 80 cents before silver was depressed.
The result is that our wealthy people are
unable to purchase as many of the lux
uries OF continental Europe as they were
formerly. with the wealth created by
the sweat and blood of the countless
thousands of the working people of Mex
leo. They. therefore, are the people who
wish Mexico placed on a gold basis
The silver dollar in Mexico will bup
Just as many of the necessaries of life
as it ever would. This being the case,
why should we legislate out of existence
dollar that serves the needs and naces-
SUES or our people, and create dollar
for the benefit of the wealthy who live
abroad or who formerly did
"Of late years many of them have re-
turned to the country of their nativity.
where they can secure for their dollar
IN trade the full sum that it calls for
money that was formerly spent by this
Grass ABROAD is now expended with our
nome people. 1t buys home products,
nome manufactured goods, and en-
ploys our home labor. This being the
case patriotic Mexicans are universalv
against the single gold standard
since the exchange value of our dollar
ABROAD has declined on account of the
war on silver our manufactures have
SHOWN wonderful impetus. AS said
betore our dollar still has the full MR.
CHASING power of 100 cents at home
Inc result of this is that the tendency
OF our people is to buy home maunfac.
eureo goods to an extent never pur-
chased before, Industries have of Iato
years been developed on every side and
our imports are steadily on the de-
crease. VIZ TIC oe-
we are under obligations tn +be
a ron. william Mckinley for the devel-
P ,,t OIL our manufacturing interests.
80 nave made a mistake. We should
NOT, perhaps, thank him as m,,cb as ,va
should the tariff law, which hears he e
name; That enactment has caused the
Investment of much capital in mani
tactures In Mexico. I will snecifw tho
sneiting industry. Prior to the enact
anehl Oh the Mckinley law we Skinned
I. ore INTO the United States for re-
auction, but when Mr.. McKinIev a nd i,i,
associates placed a tariff unon o',r a MS
We oeaseu TO ship it, Almost immedi-
dteiy american capital came into CIV
country and great smelling MA ,, uma
established throughout the republic
g gao,s employment to thousands of our
people and causing the investment Of
millions of dollars of foreign "a nita1 ~
most OF 1t from the United States.
AT monterey, in the state of Nuevo
Leon, we have veritable Pittsbmre
NOW nearly all OF the ore from Mexico's
mines is reduced at home. The governS
ment encourages the industry by Mac
ing an export duty of per cent on ores
save lead ores which are not Compelled
to bear that burden and consequently
are largely reduced abroad.
Monterey, the Mexican Pittsburr is
the location of one smelling plant which
has reduction capacity Of 1000 tons
daily.
THE working clhsses throughout
Mexico are better fed, better clothed.
and the feeling Of contentment is more
general today than 1t ever was before
We have q compulsory educational In w