The Caucasian., 1896-03-12
Ct To BRUTE

LET To BRUTE
L. What the Ch.r,esss Observe. Nay say
To Thts- u the Ceiabsg rost About To
Bs Converted
Concerning Mexico and silver the
CAUCASIAN desires to commend the fol
lowing article. taken from the Wash
ington Post, to the Charlotte Observer
and @Junius.r Wonder if "Junius" /.
Moses Gomez The Post says;
"it will, perhaps, be remembered
that The Post has on several occasions
in the past discussed certain silly and
extravagant statements by cuckoo or !
otors and newspapers touching the H. |
nAncial condition of Mexico and the |
general worthlessness of the Mexican |
silver dollar. In reply TO the ASSET |
ton, SO frequently made by sound !
money speakers, that the Mexican sill |
yer dollar was a thing beneath con-
tempt, and that free coinage Of silver
had brought the Mexican people To
penHry, The Post has always replied
that the silver dollar buys as much in
Mexico as the gold dollar does here,
and that, instead Of tobogganing down
the steepest side Of Avernus. Mexico
is prospecting on thoroughly healthy
and legitimate lines.
About a month ago Mr.. Allen, Of
Utah, delivered q speech in the House,
relative to finance, and as part thereof
read q letter from Mr.. A. V. Temple,
manager of the Mexican Bureau OF In
formation. Mr.. Temple has been
resident in Mexico for the past twen-
ty-six years, and throughout that pc
riod has been engaged in business and
connected with financial and CONNER
cial enterprises. 1t is to be supposed,
therefore, that he speaks with author
ity when he says: Il would say that a
Mexican dollar buys to-day as much
in this city as it did when l cam. here,
and at that time Mexican dollar was
worth $l.l0 in gold in San Francisco.
apparel, &c. is almost exactly the
same as in former years. OF course
there are Quotations due to good or bad
crops, but the average cost Of all the
: various articles which go to make uE
the expenses of family are almost ex-
( actly the same as when gold was al
, par
"Of course, every one who has visited
Mexico and in that way acquired in
, formation, knows this to be true. Th'
!, orators and newspapers referred to
l however, have been going calml!
, ahead reiterating the stupid fallacie
d in question-even amplifying and ag
Q gravating them by adding that no
4 only is the Mexican labOrer's silve
: dollar worth less than half of the Van
;. kee laborer's gold dollar, but he doesn
get as many of them for his work. l
u q word, they hold up Mexico as a
8 awful example of ruin and misery ths
follow in the train of silver coinage.
It "But Mr.. Temple tells very differ
le ent story, as will be seen:
@ "You will note by the printed ma
st ter sent you the wonderful increase
~ the income of the government, HI
- - also of the Mexican Central Railwa
II which think will compare favOrab
as with that of governments or railroa'
Id on a gold basis. Also the price of Me
te ican securities has steadily been
rk vancing in spite of the increased pr
to MUM on gold. The fact is that
,a abundant supply of good silver dOllal
- body can spend, seems to make peOI
10 more cheerful, harder workers, al
es induces the capitalist to 60 into nj
enterprises. Although there are ba
y, notes in circulation in this COUNT
sst they are represented by an actual ste
M of silver dollars, so that at mOmen
in notice the same can be converted III
mt coin. They are, in fact, like the g
~ certificates of the United States, exec
~ that ours are issued by incOrpOrat
banks. Mercantile failures are "a
IN and manufacturing establishments,
nd pecially those engaged in the maj
the facture of wool and cotton, are payi
at large dividends. Banks are also p
nee ing from 10 to 16 per cent year
their capital stock While the peri
a peace and order which Mexico has
~ joyed for the past twenty years
the had great effect on the develOpm
by and prosperity of this country, q
phs believe that our silver basis has ht
esi- ed us prosper as much as any OF
it'll cause.
the
the "sThe premium on gold also tend
9ars bring it to this country. EurOp
1es, investors, taking advantage of
ave premium on gold, are more willin
han come here and make investment
tors mining, manufacturing, &C., thar
~ this disparity between gold and 81
'no did not exist. While doubling I
ven capital on bringing it into Me!
lon- they can 60 into production Of art
as for export which are sold for goit
titu- for instance, coffee, rubber, hides
nilla, and kindred products. so
and practically they double their ca
nm and yet receive gold interest on
No investment.
send ;-a.sa s of. 1srcer nnmber of 5
gates incomes rather than a small nu
Icred Of larger ones
, will at seems to US that the 'sound
rests ey" advocates had better drop NJ
as an object lesson. There is en-
exe- to be said in favor of the gold
r;tbnuf lviDO ahOut silver in Me,