The broad ax. [volume] (Salt Lake City, Utah) 1895-19??, 1896-08-22

Mexico have added to the wealth of thYs
world upwards Of $4,000, OOO. 900, wtdh
is more silver than is now useeA'
money by all the nations Of the gLNs
II is curious fact that the ornamkH
by the native kings and aristockZT'
were all Of gold, which suggests ~
thought that they mined Tar to "a
north in those days. or that the veins
of gold then mined have since been
lest. In 1894 our American consul re-
ported that all the coal used in the
state of Chihuahua was mined at
Trinidad, Colo. Coal of an inferior
quality is no Y mined in the states far
Their south, but the want Of fuel
throughout the republic will prove a
drawback to the development OF her
otherwise wonderfully rich resources.
In the state of Durango, on the western
slope, mountain of iron is found from
rs to 80 per cent pure metal, which IL
her present rapid development Of re-
sources continue will soon be utilized.
Two DoIlars-American and Mexican.
AS went to exchange my American
money for Mexican,I soliloquized thus:
For one American silver dollar l will
buy two Mexican dollars, either Of
which will contain more pure silver
than the one give up. Now II ap-
ply the hammer test to the three dol
lars exchanged, by a single stroke upon
each / so change their value that the
Mexican dollar becomes worth more
than twice as much as the American
piece which l gave up" But 1 solilo-
Quized on, and asked myself, who Gre
ated this fat in the American dollar?
The answer came to me, certainly not
the silver men, for they are in favor
of opening the American minis so sill
yer will go to par, and that would take
the fiat out of our dollars. We are
told that when silver was demonetized
the bullion in our silver dollar was
worth about three cents more than the
bullion in our gold dollar. And so I
reluctantly reached the conclusion that
1t must have been the acts OF the gold
standard men when they demonetized
silver in 1873, which destroyed the
coinage demand for it, and as bullion
it fell in price; then they put the fiat
in 1t when they legislated to keep IT on
parity with gold, which has since
doubled in price.
An Amusing Incident
find many old friends here, one OF
whom invitedme to visit Juaraz (whor-
ez) and receive my first object lesson.
AS we entered the street cars he said,
I'VE have two street car lines crossing
the border, one chartered and owned
by the Americans, the other by the
Mexicans. The fare on either line is
10 cents. Patronizing our line we pay
American money, and on the Mexican
line Mexican money. We will go over
on the American line, when there we
will buy glass Of beer and pay for 1t
with 10 cents of American money, and
receive 10 cents in Mexican money N
exchange, which will pay our return
fare. The experiment was tried. We
invested 20 cents with which we paid
two 10-cent fares and 10 cents for
glass of Milwaukee beer.
The bed Of the Rio Grande river at
this point is dryer than the streets
Of Ell Paso, which are occasionally
sprinkled. The cause of this serious
water famine was the subject Of inter-
national investigation during the past
winter, which resulted in the Mexican
government filing a claim with our
government for s22 ,O00, 900 for damages
caused by a violation of the treaty Of
Guadalupe Hidalgo. Of 1S48. The
claim was for damages sustained by
Mexicans by being deprived Of their
riparian rights. The claim is in fair
way of adjustment by the governments
joining equally in the expense Of erect
ing a sixty-five foot dam and reser-
voir, which will be fifty miles long,
and will store all the water that will
flow into 1t in a year. 1t is further
agreed that the water coming down the
river one-third shall go to the Mexi-
cans, one-third to the Americans, and
the remainder to flow down the stream.
In and About FL Paso.
Ell Paso is rather an attractive city
of $1,000 inhabitants. Her chief re-
source is her very attractive winter
climate, which affords a hospitable re-
trat for thousands Of invalids from the
northern states during these months.
I found a very decided silver sentiment
among her citizens. The evening Of
my arrival, Ex-Governor Prince Of New
Mexico, delivered a very able address
upon this subject, and the following
evening the democratic candidate for
congress from this district held forth
on the same subject. With the view Of
lettering her water supply, the city
few years since began an artesian well.
At the depth of 100 feet it was aban-
doned because of the strata Of granite
encountered. Under the advice Of DR..
Penrose OF the Chicago university, they
recently went down the valley three
miles, and began a thirteen-inch bore,
which at a depth Of 900 feet struck the
wash on Of the old river bed, which
has been penetrated to a depth Of over
300 feet and still in the wash. This
.;-o,r,stopna is a convincing prcof Of