Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1896-10-12

from North Carolina 80 years ago, and
has been engaged in mercantile bust
ness at Tampico, was in washington
the Other day, and said to a Pos, re-
porter:
! It seems to me absurd that the United
/ states does not open hcr mints 70 lree
: coinage. of course. Mexico Wouid sSlitl
/ thereby, but not TO hGlf the extent TINS
! country would. A FOOL can understand
! that from the very uay that this govern
/ ment remOuetiZes silver every dollar ;
/ worth OF gold imported into Mexico would
/ be bought ln the United States. instead OF
| paying England. Germany and Franco
/ $l.S5 for 81 worth of goods. when there
/ would be no discount on the purchasing
! power of that dollar Ia the States. MOI
! only would YOU gam uS for customer
/ but also the Central and South American
/ states. and / believe that rather than see
all this trade mOnOpOlzeC by your gov
/ eminent England would very quickly lall
/ In line i'm the matter of recognizing SILVER
/ However. il doesn't matter very much 10
( us. We are more prosperous and develop
I ing faster than any other part OF the
! world. We VIII continue on a silver OASIS
and year by year decrease our purchases
/ from abroad. Manufacturing plants are
! starting up i'm all parts or the repuDhc,
and after awhile We VIII be independent
! OF foreign nations, for we Will make the
bulk of an that is needed at home.
Right now there is q great rush OF i'm
micrauts into the country about Tampico.
Americans are coming in and buying big
tracts of land for cotee planting. Coitee
is sure and lucrative crop, but IN adul-
ton there is plenty of money TO be mace
in other things. There Is no country thdO
offers such inducements TO capital as
Mexico, nor to young men who are not
afraid TO work.
This dispatch. which we find in the
St. Louis Republic, is further contirma-
ton Of the prosperity of Mexico under
free silver:
WICHITA. Kas.. September 27.-Wen-
dell Mclaughlin. court stenOgrapher mere
under the last Republican Judge. ana VINO
is a life long Republican. has just return
ed from an extensive tour through Old
Mexico. which he made for the purpose OF
studying the practical workings of the
free coinage of silver. He asserts with
great pOSitiVeuess that the men in TINS
country who are talking about the utter
ruin OF Old Mexico from the single silver
standard do not know what they are talk-
Ing about. He says that he saw every eNl-
dence of prosperity I'M Mexico. ana Ihat
while real estate and all other property
I'm this country. except gold and bonds. are
depreciatiug. In Mexico property Is going
up. He said
there is where / invested my good Amerl-
can dollars i'm real estate l 90 not know
of any city in this country that rs making
city has population or $1,000 and the
sound of the hammer Is heard in every
direction. They told me that 2OV new
houses were going up In the city. and from
what / saw ii must have been correct.
A good many people from the United
States are investing money I'm Mexico.
The number OF Americans in Monterey IS
estimated at g O00 They nave smelters,
bTeweries and plants for the manufacture
of Vitrided bricks and ! was told tnat
good many of these bricks We're shipped
TO the western part of the United states.
Some of these plants are run by Amer
leans. They are now arranging TO nave
the streets of the city paved with Nltrl-
fed brick and the work will be paid for
rs It is done. Monterey is city without
a bonded debt
Yes. Mexico is on a silver basis. and I
heard no complaint about IL being incon-
venient People who want exchange IN
this country buy American money az
premium Of about $50. and when 1 ASKED
them if IL would not be better TO come TO
q gold standard so thar they would not
have to pay this premium they laughed ar
me and said that If Mexico was not DONG
anything but trading I'm American dollars
that might he true. but they called my
attention TO what they were dong IN tne
way of developing their country ana Salu
that they wanted lots Of silver money
Everybody seemed to be employed and
there are no traupS IN Mexico. NO nldu
could tramp over that country and claim
ing IT, While property in TINS country
seems to be always going down. II Is APP
preciating steadily In Mexico ana that
is the reason it is a good place for invest
lfeXico is becoming Amcrrcauized. but
found nobody down there who was IN Ia
for OF taking the American money system
along with the rest. Americans here need
NOT lie awake nights fearing that this
country will be reduced 10 the SJan4aru OF
Mexico for Mexico is an right. III pres
ent conditions are maintained m ms cQuu-
try we are going TO see lots OF American
peOple and American money gong 10
Mexico in the next lO years
In the Mexican Herald, printed in the
CITY of Mexico. we ind an elaborate
article on the present financial and in
dustrial condition of Mexico, which is
strong corrobor3tion of Governor
Shepherd's statements. The writer Of
the article. who has been a resident of
Mexico 27 years, and during that time
has BEEN intimately connected with fl
nancial and commercial houses, goes in
10 details concerning wages and prices,
investments and returns, business en-
terprises and manners Of living. Coming
to a more general statement Of the ef-
feet of the silver basis on the country,
he says that one result is that native
caDital now remains in the country and
IS invested in home industries instead
of being sent to Europe for investment,
as formerly. Also, as the income of
wealthy families is in silver, the pre-
MUM on gold has resulted in keeping
their money in the country, and now
the larger portion of them remain at
home and spend their money there in
s,sad of taking it out Of the country. He
goes on to say:
We now export and make large profits
on articles which in former years II was
not profitable TO export. Al the saI!e
time home prices have been but niue az
fected by tho premium on golQ. WOuiu
say that the Mexican dollar buys as nluch
to-day in this city rs it did when came
here and at that time the Mexican GolliiI
was worth SL0S IN gold In san fl'tnclSCo.
The price of corn, beans. hour' wearing
apparel etc. is almost exactly tnt same
as i'm former years. OF course there nave
been fluctuations owing TO good ana bad
crops but the average cost OF an the va
rious articles which go TO make up the eN-
pense of family is almost eNacuy the
same as when gold was at par ,,.
The premium or gold also tends 10 orlns
II 10 this country. European INVESTORS,
seeing this adyantage' are niotS m,,,,,,f ~
come here and invest i'm mining, hanuIdC-
turing etc. than if this disparity between
gold and silver dld NOT eNlsl. w ~ t'l ~.
doubling their capital Wnen prlusti5s II. -
Mexico they can go into the production
80 articles for export such as coffee. rub
her hides. vanilla, etc. and yet receive