The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1896-08-07
..uNEoRTuNATE nLExIco.n
System Of the Country Is De
Clared a Ged-Send.

Financial System or the Country Is De-
Clared a Ged-Send.
Translated from the Mexican Finan-
cier by a. j. Ortiz: 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
metallism, which they advocate, by
pointing out Mexico as an example
which should not be followed, and gen
orally conclude their ably % written
articles with unfortunate Mexico"
etc. Very well, if Mexico is unfortu-
nate, what appellation then, should be
given to the actual condition Of affairs
in the United States, from the indus
trial, commercial and financial point
of view? Has business improved since
the Sherman law was repealed 1t
seems not. The capitalists of that
country, after three years of practical
ly gold recommendation, which has given
satisfaction to no one, with the excep-
ton of the New York and English
bankers, seems to be shy about invest
ing their money there, and they are
coming to Mexico, which is on the sill
yer basis, to help US in the develop
ment of our immense resources.
The most reliable Of the weekly
papers of that country, which devote
the greater part of the columns to COM
mercial affairs, draw a sorroWful pic
ture of the actual condition of bust
ness, and no immediate prospect of
improvement until the presidential
election has been decided and a we'll
defined programme concerning the
tariff and monetary system has been
formulated by the leaders of the sue
cessful party,
Let us now compare this state of af-
fairs 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 con
dition 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 re-
suits of political campaigns and
changes of administration, Should
such occasion arise, we do not hesitate
in asserting that the struggle in the
last two years concerning the tariff and
circulating medium in the I'm ed
States has been the cause of losses ten
times greater than those that Mexico
has sustained by all its revolutions.
The losses sustained by the United
States during the brief period above
mentioned are calculated to be no less
than 81, OO0,OOO,OOO, an amount large en-
ough to cover the expenses of a war OF
enough to buy magnificent armored
fleet. Every business man in the
United States is we'll aware that the
continued agitation of the money ques-
ton, and the threats of tariff reforms,
are fatal to the prosperity of the coun-
try, Therefore, it is not strange that
influential newspapers, such as the
New York Journal of Commerce, and
men who have large interest like Mr.
Roberts, president of the Pennsylvania
railroad, and Mr.. Carnegie, the MILL
onaire iron mOnger, are fearful of a
radical change in the tariff.
Wewho live in unfortunate Mexico, -
are enjoying an industrial tranquility,
the national industries are daily aug
menting, the building of railroads con-
tinues, magnificent buildings are be-
ing built in this capital, the banks are
declaring large dividends to the stock
holders-we have no unsettled ques-
lions nor problems to solve, as far as
the commercial and financial affairs
are concerned, and generally this re-
public, under wise administration,
presents an entirely different picture
to that of the United States, the rich
est nation on earth and the worst gov
erned.
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