The Irish standard., 1896-09-12
POOR MEXICO.

/ Every day the gold stanard men point us
to .Mexico--that miserable country, they
say, that is saddled with silver standard.
No platform orator ever gets on his legs,
! when advocating the gold standard, that
he does not point to Mexico-that de-
graded country, he tells us, that is
shriveled up under silver coinage sys-
| tenn. gg
The Mexican Financier, in an article
| translated for the Rocky Mountain News,
published in Denver, Colorado, says: u
! The ignorance of some Of the editors Of
the United States concerning the affairs OF
Mexico is appalling. They believe that
they can advance the cause Of gold mono
| metallisnl, which they advocate, by point
ing out Mexico as an example which should
not be followed, aud generally conclude
their ably (?) written articles with ''url-
fortunate Mexico" etc. Very well, IT
Mexico is unfortunate, what appellatfon,
then, should be given to the actual condi-
ton Of the United States, from the indus
trial, commercial and financial point of
view? Has business improved since the
Sherman law was. repealed? It seems not.
The capitalists of that country, after three
years OF practically gold monometallism,
which has given satisfaction to no one,
with the exception of the New York and
English bankers, seem to be shy about in
vesting their money there, and they are
coming to Mexico, which is on the silver
basis, to hep up in the development of our
immense resources
The most reliable of the weekly papers
of that country, which devote the greater
part of their columns to commercial af-
fairs, draw sorrowful picture of the act
,lal condition of business, and no immediate
prospect of Improvement until the pres:-
Dental election has been decided and a
we'll defined program concerning the tariff
and monetary system has been formulated
by the leaders Of the successful party.
Let us not compare this state of affairs
with those of Mexico. Here we have no
monetary system or tariff to settle every
four years, which is more or less the cause
of the unsettled condition Of affairs. Gen.
Diaz will be president for another four
years with the unanimous consent Of the
nation, as the people Of all political parties
are anxious that the existing tranquility
should continue, that the country may
grow richer and stronger, in; order to be
able to Withstand the weakening results Of
political campaigns and changes Of admin
istration, should such arise. We do not
hesitate in asserting that the struggle IN the
last two years concerning the tariff and
circulating medium in, the United States
has been the cause of losses ten times
greater than those that Mexico has sus-
tanned by all it's revolutions. The, losses
sustained by the United States during the
brief period above mentioned are calculated
to be. no less than $4,000, 000,0 900. an amount
large enough to cover the expenses of a war
or enough to buy a magnificent armored
fleet. Every business man in the United
states is WGll aware LlldI IuC COuIluuCu
agitation of the money question, and the
threats Of tariff reform, are fatal to the
prosperity of the country. Therefore, it is
not strange that influential newspapers.
such as the New York Journal Of Com
MERGE, and men who have large interests
Ike Mr.. Roberts president of the Penn
sylvania railroad, and Mr.. Carnegie, the
millionaire iron-monger, are fearful of q
radical change in the tariff.
We who live in unfortunate Mexico'
are enjoying an industrial tranquility,
the national industries are daily aug
nlenting, and the building of railroads con-
tinues, magnificent buildings are being
built in this capital, the banks are declar-
ing large dividends to the stockhold ers--
we have no unsettled questions nor prob
lens to solve, as far as the commercial and
financial affairs are concerned, and gener-
ally this republic, under a wise administra-
tion,s presents an entirely different picture
to that of the United States, the richest
nation on the earth and the worst gov
erDed. "A