Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1896-08-21
SILVER m MEXICO.
The Free Coinage of Saver
Works Like a Charm.
City of Mexico, July %.
To the Editor of The World:

The writer IS resided ut and en-
gagged i'll business in the City OF
Mexico. He was driven out of the
great West of his native country
the United States-on account of the
depression aud misery brougt about
by the decentralization of silver. He
cannot refrain, therefore, from fur.
nishiug few facts and figures to
show fiat the great New York has
been misled about the effects of sill
yer recommendation in Mexico.
No one can doubt the sincerity OF
the World, no one can question its
Democracy nor fail to recognize the
enormous power of a newspaper with
over three quarters of million of
circulation, for good or evil; you
have done to humanity by your re
lontless war on trust and monopoeis
and your exposure of crime and that
you are wavering on the great ques
ton CT the day, eager 10 get at and
impart the truth, is evident 10 every
reader, but that your great influence
will be swung iuto line before the
close Of the campaign in support of
the Democratic nominee and plat
form is here predicted
True. Mexico is today on free.
silver basis, but instead of misery
and depression she presents to the
world q condition of conspicuous
prosperity unprecedented in her his.
tory.
Her silver dollar is worth but So
cents in gold standard countries, but
thatsame silver dol ar is worth 100
cents at home, and buys as much of
the native products of her soil as it
ever did.
What has been tho effect of the
gold standard countries tresting
Mezicos dollar as bullion and refus.
ing to receive it except at bullion
value (ifty three cents) today? 1t
has increased her exports and de-
creased her imports. 1t has placed
her OH basis of industrial indepen
dence. 1t has resulted in an Influx
of foreign capital to dcvelope her i'm
mensc interior RESOURCES. 1t has
caused manufacturing. mercantile
and other industrial enterprises to
spring up all over the country, which
have given employment to thousands
Of hitherto idle workmen and afford
Ell them mn opportunity to raise
I themselves from the level of common
Mexican poon and make mechanics.
machinist, engineers and skilled mr.
tisans out of themselves, and it has
afforded MEXICO an opportunity to
produce on her ownsoil such articles
MS these gold standard countries re
fuse to scll her, except at an enor
mons premium OF s. to 100 per cent,
and she is silently taking advantage
of it.
Has Mexico been clambering for n
recognition of an international metal
ratio with our countries? No. She
quietly goes on in her march pro
gress and sells these gold standard
countries more of her products than
ever and buys less of theirs, and Ill
this on silver basis. Her mines arc
being opened. Smelters aud mills
are being arected, to market her lead
iron, copper, silver and gold and her
already great railroad system is be-
ing expanded to connect the Allan
tic with the Pacific. Even such veal
thy and shrewed American corpora
tions as the great "Calume and Hec
Ia" Mining Company, with their
forty five millions controlled by an
English syndieate, after paying divi
dends of like amount, are now
seeming to invest the bulk of this
enormous capital in Mexico.
Does the New York World call
this picture of misery aud de.
spair7
Now, as to prices Of living, rent,
&C., under the silver standard. A
first class hotel room can be had at
the JoYdin, Iturhade or Guardiola
three of the leading hotels in the
city, at $3.50 Fer day and meals at
their respective restaurants at S1.5O
per day, or 81 per day by the month.
Cabs, of which there are three class.
es, the first, blue sign, 81 per hour;
the second red, at seventy FIVE cents
per hour, and the third yellow, at