The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-08-25

have noted with some degree OF alarm
the'effcct OF the object lesson which ID
afforded by the exhibition OF and offers
to trade In Mexican silver dollars, and
are resorting to every means In their
power TO counterfeit Il. One OF the
latest schemes Ia TO d%cnouncs the McXi-
can dollars used for the purpose stated
as bogus. though there Is no charge that
they do not contain the requisite amount
OF silver.
The point which It Is sought to show
by the Mexican dollar Is that the pur-
chasing power OF tho United States dol
lar Is double that OF the Mexican coin.
although the latter contains more silver
than cur dolln contains, the reason be-
ing that under our gold standard the
American coin Is kept at n parity with
gold and Will buy Just rs much.
Every man who has travelled In MeXi-
co, or who Is nj all posted. knows That
this Is true, he also knows that In Next
co the purchasing power OF the United
states dollar Ia 100 cents while that OF
Mexico Is about half that amount.
The Tree silvcrites DO not attempt to
aeny this fact, whichiS known to all the
world. but they do seek to dIScrCdIt the
argument by claiming that. Mexican dol
"S I4NNhAth W ONSlltsH men anu uHUl
In advertising their business are not
genuine,
A Cave In Point.
In this city n dealer in cigars and
tobacco, Mr.. Hugo Loos, has adopted
this advertising scheme and for fear
that 1t may be too Impressive, the Popo-
cratic organ OF this city published q dis
patch, faxed from another free silver
organ, 10 the effect that the Mexican
dollars being used are bogus.
Yesterday an lntclliGencer reporter
called on Mr., Loos and asked to I've al
lowed TO inspect the coins he Is using
n FOR information regarding the man
ner in WHICH he secured them. Mr.. L.oos
cheerfully complied and going 10 his
safe he produced u large quantity OF the
Mexican dollars which he scattered upon
his counter.
Il procured these dollars" said Mr.,
Lo9s through regular banking chan
nels from the Hanover bank OF New
York. and am asSured'tha they are gcnu-
inc standard Mexican money. Il may
occur 10 thoughtful people that the
banks Of the United States do not deal In
counterfeit money. | paid for every dol.
lar you see here tlfty-five cents In United
States money. ! dispose of them at fifty
cents In change to every customer who
pays ME a dollar in our money for fifty
cents worth OF goods. II Is done as m
advertisement to attract trade and |
can afford to do II. An examination OF
the money will convince you that /, II
genuine"
Here Mr.. Loos took IN several OF the
coins and called attention to the mint
marks On them. showing that they were
stamped ut different Mexican minis. The
dates on them also varied. some Of them
being AS far back as 1855 the newest
coin being dated 1896. Some OF the older
pieces shove pocket wear, evidence
that they had been in nctivr. circulation,
and could not have been made TO order
for campaign purposes"
A Common Srn.r View.
Those who are so ready for political
effect" to charge that these coins are
minted to order for the Republican COM
mlt,ee. should pause and consider" said
M-. LooS. They ought TO give the COM
mlttee credit for having an ordinary
amount OF common sense. What profit
would there be In II for anybody TO
counterfeit Mexican dollars and put In
them the full amount OF silver? He
would have To pay the market price for
the silver and his bogus coin when he
produced II would bring precisely what
lie paid for the raw material and he
would have all his trouble OF doing the
stamping for nothing. Ever n profess
Sional counterfeiter would soon starve
10 death making none in this way.
ION the other hand" continued Mr..
Loos, Il a understand how n counter
feiter,could make United States dollars
and put in evry grain OF silver III. law
requires and soon grow rich. There Is
but fifty cents worth OF silver in our
dollar: the countcrfeiter could put Il all
in and then pass II for Il hundred cents.
I have no doubt this Is being done. II
Is. howevr. Impossible To do II with the
Mexican dollar, which only passes for
the market value OF the silver in Il. Now.
why should the national Republican
committee go to all this expense when
* can. through regular banking and
brokerage channels. buy two genuine
Mexican silver dollars In Mexico for one
Il United States dollar? You see. OF
course. the absurdIty of the counter
fetting story. Even IL, IL were true. the
man who Is doing the cDunterfeftIng Is
losing money. The free silver sugges-
I ton about the coins being cOunterfeits
only brings out In a strOng-rl
light the point which ! make.
We do not want In this country u silver
llllht DIHtu vi lHS SILVER StinuHTu, Nut
on the gold standard. such as the silver
dollar We to-day have. II based on the
silver standard our dollars would sOOn
be the deprecated coin you S-t here, On
our present gold standard they will buy
n hundred cents worth OF goods any
where.
1.-THE statement In the free silver press
that these dollars cannot be genuine, be-
cause Mexico will not permit her dol
lars 10 be- shipped out Of that country,
Is the vericst nonsense. II | go to Mex.
leo and buy a thousand dollars worth OF
them. who Is going to prevent me from
bringing my " property home with
me? Cannot ] go to Europe Tomorrow
II / want TO. with American money In
my pocket. or II I am In Germany, can't
] bring home German money with me. II
! desire? II I were to purchase Mexican
dollars In Mexico. they belong to me as
much as n Mexican horse | might buy
there would be mine to ship home. Be-
sides. the Mcxlcans nre only too glad to
exchange their deprecated mon.y for
good United States gold standard
silver dollars
Reckless. People Should bo Careful.
Another thing" said Mr.. Loos. 'I
have been in business In this city for
more lhiH t"cHtS i've years ana | DO
not think anyone will question my buRI-
ness standing. have always been for
an honest dollar and a chancG" to earn II
by honest toll, ! employ here a number
OF men who earn daily wages. As an
employer OF labor / do not want TO sec
a money system adopted which would
cheat them out OF half their wages by
3 giving them Money the purchasing
power OF which would be reduced one
hnlf, when II came to buying the nrc-s-
q stiles OF life. That Is why | am.so much