The Roanoke daily times. (Roanoke, Va.) 1895-1897, 1896-02-28
etc., remain actually Gas we'll aa nomi-
nally) the same.

nallyl the same.
with US in the United States, by
virtue of the legislation in favor OF the
bondholders. the fixed charges, while
nominally the same, are, in fact,
doubled, as 1t takes twice the amount
OF cotton, corn, wheat, etc., to pay
them. One does not get full idea of
the enormity OF this transaction till he
gets here and sees the prosperity Of this
country, and sees the very capitalists
who, by securing this legislation, have,
doubled the value of their United States
bonds, investing the principal and in
terest Of their enhanced value in this
country st old prices, thus securing 50
Of property here for 81 loaned the
United States Government-that is,
they will sell 81, 900 United States bond
for gold, buy $4,000 silver, which re-
mains at the old value, and invest in
50, 600 OF property here.
THAT silver in fact has not depre-
clated in the least may be seen right
here in Mexico and throughout the
so, 000, 600 OF people living on this hem.
isphere, south of the Rio Grande, in all
which countries the silver dollar will
pay for as much taxes, as much railroad
freight and passenger fare, as much
public and private indebtedness as for
merly-and farm products and land
bring as much as ever. Neither has
silver depreciated with us, but It Is the
gold dollar which has been doubled in
value; hence debts, public and private,
taxes, railroad rates, etc., are actually,
though not nominally, doubled, while
the produce has to be sold at halt price
10 pay them. Every farmer who sold
pound OF cotton in the United States
last year WAS In effect taxed oents O
pound, or $50 bale, and SO cents on
the bushel on wheat.
1.-The robbery perpesrated on the
farmers of the South by this legislation
procured by the msohinations OF the
com AHMED capital of London and New
York. on the cotton crop alone, Of z. O0O,-
coo bales at $40 per bale, is SI1o 600, 600
for the one year OF 1895 alone. The
profits reaped by the capitalists by the
legislation which has doubled the
values of their claims against the pub
lie, and the public and individuals, is
practically beyond computation. 1t
"fatigues the imagination" to consider
1t. The wonder is not that there is
widespread and incurable depression,
but thai we can continue to exist under
such state OF things. We're we not
the wealthiest and most energetic and
most patient people on the face OF the
globe we would sink under 1t.
In0 ROlu QOllRr In the United States
may we'll be called mythical dollar.
Not one man in O hundred ever sees one.
1t Is not used to buy corn or wheat, or
-four, or railroad tickets, or dry goods.
1t is only for the sacred use of the idle
rich when they wish to measure by
high standard, double in value the prin-
cipal and interest of bonds. which, on
their face, by the contract, are payable
in coin-thas is. in either gold or silver.
I'm drawing theae lessons from the
past experience and the present pros
perity of Mexico, there are those who
will say Mexico ia inferior to the United
States in education, in civilization and
in many other respects. And so it is
and 80 much worse for the DIRECTORS.
For IL Mexico, notwithstanding all these
disadvantages, is prosperous and going
forward by leaps and bounds by keeping
the standard of values at the same level,
80 much the greater is the condemna-
ton for the men who, in spite of our
great and manifest superiority, have
brought the curse and blight of long
enduring depression upon us by robbiuR
the wealth. producers in the interest of
the wealth consumers through the de-
vice OF doubling, by crooked legislation,
the value of the dollar"