The Caucasian. (Clinton, N.C.) 188?-1913, 1896-04-02
ABOUT SILVER
In MEXICO.
What Is Said By Men Who
Know What They Are
Talking About.

No Guessing And SGOrtiHg Like The IhaTo'ie oosefsi
And "Junius" Who May be Noses Cone-But Off |
eial Facts.
Fayetteville Observer
We have often noted the skill with
which the Republicans employ the de-
vice of the cry of stop Thief" Know
ing that it was the wage-earner who
chiefly suffered under "protectlon,
they directed their most earnest atten-
tion to the business of convincing MN
that he was the gamer and ms employ
er the loser by the effect OF protective
tariffs. knowing that Mexico, our re-
Gently despised mongrel nelghoof, Is
| going forward with leaps ana oounus
under silver coinage system, which
is accentuated by our adopting the
gold standard, they now seek TO show
that it is the wage-earner and pro-
ducer there at whose expense the gen
eral prosperity is had. Specifically,
their best attention has been devoted
to the cotton producer, who has been
described recently by one of our dis
tinguished North Carolina travellers
in Mexico as prOspering uncer the
Mexican monetary system.
There is an official side to this ques-
ton, which Republicans and SoldbuSS
must respect, and which is therefore
worth looking into.
i lin the L. S. Consular Reports for
September, 1895, Consul German re-
Dorts from MatamOras, Mexico, that
"cottOn is sold at Is to IS cents to the
cotton factories in Monterey" This
is in silver, of course, but 1t Is III
money which less than ten years agt
: was at par with our money, at the time
: when the bulk of our private indebted
ness was made and our national, stat
and municipal debts were being re
funded. But for the subsequent en-
S hancement in the value of our dollar
q our people like those of the countrle
3 south of us would be paying thel
=, debts, taxes, railroad freights and tare
. with cotton at 1G to IS cents per 10.
% 2. In the u. S. Consular Reports 10
al December, 1895, Consul Oliver at Mer
!" da. Mexico. SAYS: "Taritis for passeI
y gers and freights are about hall u
le rates charged for local business by tf
IS RAILWAYS of the United States" Whe
q, by maintaining the standard OF value
" as in Mexico, cotton is lG to IS cents
T. lb. and railroad fares and freights a
"a half of what they are here, what
infiction is thus shown to have bee
60 visited upon the producers OF tn
country by the policy of doubling o.
:. railroad fares and freights and redu
ling our cotton to7 cents per Id.
10 3. As to the general prosperity
~ Mexico, Minister Ransom, who cam
~ he suspected of leaning to silver
9lr Ieastways not since his speeches
ee favor of it at Atlanta and at Smlt
nd fold in lS92-said to the reporter
e's the New York Press when in was
ington city, the other day, that "Me
in co is wonderfully prosperous"
be 4. That the cause Of our troubles
,re not the depreciation of silver but
to enhancement of gold, and that thi:
due not to OverprOductiOn of silver
~ to the legislation demOnetiZlnS II
ny nroyen by two facts: % When sll
ing was demOnetized in 1873, it was wo
rty more than gold. The report OF
nds Director of the United states Nj
nix for last year shows that the quaint
of gold mined annually in the VIC
is $l9OOOO, 900, and Of silver SlO6,O
600 at the present bullion price.
~. putting silver at 1G to |, as forme
'4o the value would be raised from 81
II OOO. 900 to $2O3 ,OOO, ,000-that is, ab
the same quantity as gold. (2) In !
son during the debate on the Sherman
The when at one time it seemed that
sort coinage would be adopted, silver
inst up (or rather gold came DOWN so
nm silver was worth l. II per ounce,
- - is, within y cents Of par. This IN
= ~ ly IN anticipation of free coinage.
arty In Vlew w. u snndrv vne irv' goidhue co,
butOrs to the press, questioning
correctness of the statements mad
ause the distinguished traveller ailud:
.t + (Judge Clark in his letters from =, ~
co to the Observer and the kal
poo News and Observer, it is importal
u ~ note that his statements are susta
well in all respects by servants OF
re- administration. That is to say,
who to the price of cotton in Mexico
tices more than double the price here
,onld as to railroad freights and fares
;nIes half of ours ;(3) as to the prosper
- ~ Mexico (Which would follow, OF co
70 Wy under that state of things; and
peoT to there having been no OyerPr
orary tion of silver, but only ieglsl
the enhancement of the standard OF
mined by the demonetization of half o
Of money metals.
the These official reports of the ser
.ough Of the administration CONSTITUTE
and answerable arguments agalns
os hy position of the administrator
those who accept its dicta becaus
low reverence its official acts and sa