Daily capital journal. (Salem, Or.) 1896-1899, 1896-09-01
MEXICAN OBJECT LESSON.

lican secretary Of state:
(. While the Republican press of the
? United States and a good many cam
paign orators are pointing to Mexico
. as an "object lesson to prove the un-
: stable condition that exists in a free
country the Mexican press Is also
drawing picture of condition in the
United States comparing them with
affairs in Mexico, that furnishes
rather interesting reading during
these unsettled times. We copy the
following editorial which appeared
recently in the Mexican Financier, II
leading Journal of the city of Mexico,
which throws some light upon the
prosperity OF a silver country:
"The ignorance of some of the edi-
tors of the United States concerning
the affairs of Mexico is appalling.
They believe they have advanced the
cause of gold monometallism which
they advocate by pointing to Mexico
as an example which should not be
followed, and generally conclude their
articles with "Unfortunate Mexico"
etc. Very well; IL Mexico is unfortu-
nate what appellation are we now to
apply to the actual affairs in the
| United States, from the industrial,
commercial and financial point OF
view? Has business improved since
the law was repealed? 1t seems not.
The capitatalistso Of that countrywide
three years Of practically gold mono
metallism, which has given salts
faction to no one with the exception
of the New York and English bankers,
seem to be SHY about investing there,
and they are coming to Mexico, which
is on a silver basis, to help us in the
development of our immense resour-
ces.
"The most reliable Of the weekly
papers Of that country, devoted the
greater part of their columns to COM
mercial affairs, draw sorrowful
picture OF the actual condition of
business, and no immediate prospect
Of improvement until the presidential
election has been decided and we'll
defined program concerning the tariff
and monetary system has been formu-
lated by the leaders of the successful
party.
"Let us now compare this state OF
affairs with those of Mexico. Here
we have no monetary system or tariff
TO settle every four years, which more
or less Is the cause of the unsettled |
condition of affairs. Gen. Diaz will
be president for another four years,
with the unanimous consent of the
nation, as the people of all political
parties are anxious that the existing
tranquility should continue, that the
country may grow richer and stronger /
In order to be able TO withstand the
weakening results OF political cam
paigns and changes OF adminlstra- /
tions. Should such occasions arise
we do not hesitate in asserting that
the struggle in the last two years
concerning the tariff and circulating
medium in the United States has
been the cause OF losses ten times
greater than those that Mexico has
sustained by all its revolutions. The
losses sustained by United States .
during the brief period above mem
TONED are calculated to be no less than
$1,000, 100000, an amount enough TO
cover the expense of war or enough
TO buy magnificent armored fleet
Every business maR in the United
States is well aware that the con-
tinued agitation Of the money Ques-
tion,and the threats of tariff reform
ers, are fatal TO the country.
Therefore, 1t is not strange that in
fluentlal newspapers such as the New
York Journal Of commerce, and men
who have large interest like MIR. Ro-
berts, president Of the Pennsylvania
railroad, and Mr.. Carnegie the mil
llonaire iron monger, are fearful OF
radical change In the tariff, "We
who live in "Unfortunate Mexico"are
enjoying an industrial tranquility,
the national industries are augment