Democratic Northwest and Henry County news. [volume] (Napoleon, O. [Ohio]) 1894-1905, 1896-08-27
the MEXICAN PROGRAMME.
The Country IL Prosperous and Has Ne
Use For tho Gold Standard.

Use For tho Gold Standard.
The newspapers Of North America
which advocate gold mnnometalliHn a.
sert that the prosperity Of Mexico is due
entirely TO the fact that its currency Is
'inhated"-that Is 10 say, that Il Is
given o supposed valre which in reality
il has not, and that It has brought into
existence an activity which is anything
but normal and on q solid foundation.
1t is not at all surprising to US that on
the eve of presidential election, which
perhaps may be decided in favor Of the
free coinage of silver and against the
gold monometallism, that the Sound
money" prees of that country should
endeavor 70 deceive the American public
with regard TO the condition IF affairs
in Mexico
IL is 70 their interest to make the peo-
pie believe that Mexico has no foreign
market for its "depreciated silver dol
lar" These assertions are preposterous
Our circulating medium fulfills all the
nCCus Va lAlC Iul2Ob. ~ oAPD41Oo b1C dN-
mand created by reason Of the activity
in our commercial and agricultural af-
fairs Our bankers are not issuing any
more than the usual amount of bonds,
which are based upon silver. The mints
are not coming dollars in an unusually
large quantity. China and Japan are
buying these silver dollars in such quan.
titles as to avoid the superabundance Of
silver in Mexico Therefore how can il
be said then that our circulating medium
is defective, whether it be.silver or Gil.
yer certificates?
The reason why Mexico is improving
is because the appreciation of gold con
stitutes premium upon all Mezico's
exports and protects its national indus
tries. thus making it more difficult fo,
foreign manufacturers TO compete with
our home industries This fact has
awakened the slumbering energy Of on,
people and is also attracting foreig1
capital TO share the large profits which
our growing industries afford
It is true that in order to insure tht
interests of our debts payable in golt
we need more silver dollars than before
However, this is couDterbalanced by tht
increase in the governments revenue
Foreign capital in developing the coun
try has increased the governments rev
enue, capital invested by men who know
that investments in Mexico are safe anC
profitable.
Our progress is slow, but steady
Therefore not even the most cautious o.
our bankers is alarmed at the condition
of our affairs, and it does not affort
any opportunity for ruinous specula
tions However. lands prosper for tn,
cultivation of sugar cane, coffee and to
bacoo and have increased somewhat il
value, but the increase has been stead,
and solid. And it is due to the fact tina
q large number of capitalists from th,
republic of the north are investing thei
money in these industries. These ar
not the proper symptoms of inflated
currency, therefore such currency doe
not exist, and the American press ha
no occasion to censure us and shoult
look elsewhere for weapons with whicl
to defend its gold standard doctrine
as it will be unable to find them here
for the present at least. This country j
very well pleased with its silver cur
rency, with which it pays its debts ant
continues to advance m spite of th
misrepresentation Of the American ora
tors and newspapers. 1t is not our desir
that the United States should adopt th
free coinage Of silver. Our national pre-
gramme would be seriously obstructe
should it do So We only wish tina
our neighbors should leave us alone {
enjoy in peace the advantages of our sill
yer currency, and that intelligent an
enterprising men should continue t
come and invest their capital in thi
country and help in the aggrandizemen
Of our nation.
The Carlisles and the Morgans ma
do as they please and continue TO wei
ship the golden calf as long as the
please. Mexico does not need their cd
vice nor ask for their sympathy -
Translated From the Mexican Financie
by A. J. Ortiz For Denver News