Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1896-10-08

States does not open her minis to free
coinage. Of course, Mexico would gain
thereby, but not to half the extent this
country would. A fool can understand
hat from the very day that this govern
ment remOnetizes silver every dollars
worth OF goods imported into Mexico
would be bought in the United States,
instead o. paying England, Germany and
France S1.S5 FOR 81 worth of goods, when
there would be no discount on the pur-
chasing power Of that dollar in the
States Not only would you gain us
for a customer, but also the Central
and South American States, and l be-
lieve that rather than see all this trade
mOnopolized by your government Eng
land would very quickly fall in line in
the matter Of recOgn. zing silver.
However. il doesn't mater very much
10 us. We are more prosperous and de-
veloping faster than any other part OF
the world We viii continue on silver
basis and year by year decrease our
purchases from abroad. Manufacturing
plants g starting up in all parts o. the
republic. and after a while we VII be
independent Of foreign nations, for we
will make the bulk of all that is
needed at home.
Right now there is great rush of i'm
migrants into the country about Tam
pic0. Americans are coming in and
buying big tracts Of land FOR coffee
planting. Coffee Is a sure and lucrative
crop, but in addition there is plenty of
money 10 be made in other things.
There IS no country that offers such in
ducemen,S 20 capital as Mexico. nor TO
young men who are not afraid to work.
4lls dispatch, which we find in the St.
Louis Republic is further confirmation
OF the prosperity of Mexico under free
silver:
Wichita, Kas, August 27.-Wendeu
Mclaughlin, court stenOgrapher here
under the last Republican Judge, and
who is a lifelong Republican, has just
returned from an extensive tour
through O!d Mexico. which he made
Tor the purpose Of studying the practi-
cai workings Of the free coinage Of sill
YER He asserts with great pOsitiveness
,h2l the men In this country who are
talking about the utter ruin OF O,d Mex
leo from the single silver standard do
not know what hey are talking about
lie says that he saw every evidence Of
prosperity in Mexico. and that while
real estate and all other property in
this country, except gold and bonds,
are !epreciaGng. in Mexico property IS
going up. lie said:
went from here to Monterey, and
RICH, there Is where I invested my good
American dollars in rea! estate. l do
NOT know Of any city in this country that
IS making as many Improvements as
Monterey. The city has a population Of
$1,000 and the sound o. the hammer is
heard in every direction. They told me
that 500 new houses were going up in
,h2c city, and from what l saw it must
have been correct
A good many people from the United
States ere investing money in Mexico.
The number of Americans in Monterey
is estimated as 5000. They have smell
ers. breWerieS and plants for the man
ufac,ure Of viJrifsd bricks, and I was
to,d that q good many Of these bricks
were shipped TO the western part OF the
United States. Some Of these pants
are run by Americans. They are
NOW arranging to have the streets OF
thl city paved with vitr.fed brick. AMI
the work viii be paid for as 1t is done.
Monterey is a city without bonded
debt.
Yes Mexico is on a silver basis, and
( heard no complaint about it being in
convenient People who want exchange
in This country Buy american money q,
a premium Of about 100, and whenI ask
ed them If il would not be better to
come 10 a gold standard so that they
would not have TO pay this premium.
they laughed at me and said mat If
Mexico was not doing anything bu-
,rading in American dollars that might
be true, but they called my attention 10
what they were doing in the way Of de-
yeloping their country and said that
they wanted lots of silver money with
which to 90 IT,
Everybody seemed to be employed,
and there are no tramps in Mexico.
No man could tramp over that country
/ and claim that he was willing to work
without finding It. While property in
this country seems 10 be always going
down. IL is appreciating steadily in
Mexico. and that is the reason II is q
good place for investment.
Mexico is becoming Americanized.
but I found nobody down there who
was in favor 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 standard of Mexico,
for Mexico Is all right. II present con-
ditions are maintained in this country
we are going 70 see lots of American
people and American money going TO
Mexico in the next ten years.
In the Mexico Herald, printed in the
City Of Mexico, we find an elaborate ar
ticle on the present financial and indus
trial condition OF Mexico, which is a
s-rong zorro boration of Gov. Shepherds
statements. The writer OF the article,
who has been a resident of Mexico
twenty-seven years, and during thas
time has been intimately connected with
financial and commercial houses, goes
into details concerning wages and
prices. investments and returns, bust
ness enterprises and manners of living.
Coming 10 a mere general statement Of
the effect OF the silver basis on the coun-
try. he saws one result is that native cap
iJal 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 prem
ium 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
stead Of taking it out Of the country. He
goes on to say: