The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1896-09-18
PRESIDENT plAZ.
He makes a Statement for the New
York journal.

He makes a Statement for the New
York journal.
The Executive Of the Mexican Re-
public tells how that country has
prospered under the silver standard
City OF Mexico, Sept. D, 1896.
To W. z. HEARST, New York Journal;
| do not care to discuss the effect OF
the silver coinage on the mlterlal
interests of Mexico with a view TO
influencing the result Of the coming
national election in the United States.
Such course on my part would be
wholly improper, considering the
friendly and peaceful relations exist.
ing between the United States and
Mexico. The present political issue
in the former country is the question
of the money standard, and l do not
wish to be regarded as in any wise at
tempting to affect the outcome.
can give the facts relative to ex.
isting industries and the establish.
ment of new ones In Mexico under our
financial system, and each may draw
his own conclusions as to the causes
which have produced such awakening
in commercial and industrial affairs.
Ocular demonstrations OF the vast
development may be found by visiting
the cotton and wooden mills in our
various cities. Some are old, Others
recently opened. Our paper mills and
their output also furnish evidence Of
our material prosperity. Until q
comparatively recent period all the
pulp used in the manufacture OF paper
In this country was imported, and the
paper only was made in Mexico; now
the pulp and everything that enters
into the composition OF paper Is made
here. The departments OF the Gov.
| eminent will furnish the exact data
and statistics showing the growth OF
domestic manufactures and commerce.
GROWTH OF MExICO'S COMMERCIAL
INTERESTS.
While our material interests have
increased steadily and healthfu'ty Tor
the last twenty years, since the close
Of the Indian minis and the repeal OF
the Sherman law, so called, In the
United States, the growth Of Next
cos commercial and industrial inter
ests has been particularly marked.
The consequent appreciation In the
price of gold, and the increase in ex'
change between Mexico and the gold
standard countries at once Operatec
TO reduce impOrtatiOnS and stimulate
home manufactures.
The added price Of exchange was ir
effect in addition to the tariff. Thu
importer added to the original cos
the duty and cost of exchange. Gu
cotton and wOOllen mills already II
operation were obliged to enlarge
! their capacity, and new ones were es
tablished. The number Of operative
necessarily had to be greatly In
creased.
! TO show the falling off in the con
! sumption of foreign merchandise, !
may be said that the year prior to tn
increase of foreign exchange on silve
our customs collections at the port
OF entry amounted to 81, 900, OOO. tn
next year they were $l4, 900, 0OO. Ii
j. the fiscal year ending in 1890 our i'm
poftatiOns exceeded 5 $4,000 O Il
; the fiscal year ending in 1895 the
:. were slightly in excess of $34, OO0,O Ot
e On the other hand, our expectation
I increased. In lS90-9l they amOunte
to $63, 000, 900, and in 1S94.95 to $50
OOO, 900. There was nothing in til
nature OF a commercial panic cODst
quebt upon the sharp advance |
I silver exchange.
= BANK AND BUSINESS FAILURES RAR
IN MEXICO.
Our merchants are conservative
and careful, and banks and bushes
G failures are happily rare in Mexic
;, under any circumstances. AS t
. wages and the condition OF labOrin
:. men, considering the nature Of w0r
= and classes Of industry, they c0mpaf
favorably with those IN other cOut
tries.
The demand for skilled labor Ina
!, grown with the great increase in IN
number OF mills and manufacture
o|This demand 10 all branches of labC
Is strong. The added exchange la
1t not impaired the value OF our dOlla
as applied to the purchase OF article
of home manufacture. Its buyin
n power is unchanged in this respec
:, and prices for domestic mcrchandis
y and produce vary only according I
q the supply and the demand.
Heavy investments OF foreign cap
tai in Mexican enterprises have bee
ID made since the appreciation OF gol
elsewhere.
!, There is another point OF view. I'll
u foreign debt Of the country is payab
Re In gold. The duties on impOrte
1t merchandise are collected In silver, {
20 on that basis. The high rates of G.
change, together with the decrease
onr OIIcfnnac collonfinnn hnfnrn allndf