The broad ax. [volume] (Salt Lake City, Utah) 1895-19??, 1896-06-13

.,a cold maintained, e II enabled q
Mexicans 20 keep their mcnsy In tesll
avn country. Other Mexican nnaneier'
win whom have talked hold the sans
views
.sThere have been but two or thre.
hank failures since have resided
there. The Mexican banks are required
| 10 keep one third Of their circulation
An silver dollars In their vaults.
-rhe system In Mexico allows the
miner to send his silver 10 the govern
ment repositories and receive silver
dollars In return for 1t IN any part Of
the country where there Is an assay
once, the government tax and cost
being about AZ per cent.
Perhaps the best sign OF the stabil-
ity of Mexico under q silver policy may
be found In the fact that Mexican per
cent bonds stand at 80 In LondoB."
This is exactly In line with what Mr..
Curtis has stated as the result II his
own observations In Japan, and there
can be no doubt that In thus quoting
Gov. Shepherd At length, he intends to
fully sanction the statements made,
especially as they are given without
comment.
A man like Edward Atkinson, who II
utterly incapable of reasoning from
cause to effect, might say exactly what
is given above. and still believe In the
gold standard. but Mr.. Curtis r. Q much
ADLER man than Atkinson, and II Is diff
fcult to see how he can so clearly
recognize the benefits which Mexico
and Japan are reaping from the use Of
silver, and still believe that free COIN
age would ruin the United States.
That the appreciation of gold IL
stimulating the Industries Of Mexico
on many important lines, Is too plain
for discussion. Il, In fact. Is denied by
no one who understands the situation
and is candid enough to speak without
disguise. The gold people do not meet
this point fairly. They say, "See how
much greater, richer, and more adj
vanced the United States is than Mex
ico." and then they seek to convey the
impression that Il is owing to our es-
adjustment Of the gold standard, while
Mexico uses silver. They entirely ig-
more the self-evident fact that the
United States was always far In ad-
vance Of Mexico. Even In greeuback
lines. when our only money consisted
'f deprecated paper, worth but 40
>ents on the dollar, we were away
head OF Mexico, which was then doing |
business with silver dollars worth |
bout i've cents more than the Amer
can gold dollar. Nay, we were then |
'elatively farther in advance than we
re now, because Of late years Mexico |
las been gaining upon rs rapidly.
A few years ago Great Britain was
'astly richer than the United States.
no her business was incomparably
'reater, but that did not prove that her
orm OF government or her financial
western was better than ours The
eason was that Britain had the start
Z US. But we have oyerhauled and
assed her, and we are now the richest
alton In the world, although By no
leans 20 rich as we would have bean
We had not gone deliberately az work
, cripple our own resources and In
rease the burden OF our debt By de-
lroy1ng one OF the money metals with
Ihich that debt might have BEEN paid.
nd OF which metal we were the great
y producers. So we are q long vay
the lead Of Mexico for various rea-
ms with which students OF history are
imiliar. but our adoption Of the gold
andard in 1873 is not one Of those
sasons.
AS between American and Mexican
'noitions at the present time. the
lestion Is one Of comparative Inn I
'oVement, and there is no intelligent
10 Iair-minded investigator who de-
es that Mexico Is now gaining ground
i'm race-horse sped
the explanation Of the advantarsa
Al lnure to the silver standard coun-
les mas been frequently given In these +
iumns. and the matter win not -
me Into now. The reader is simply :
sed 70 carefully read what GOV.
lepnerd says. az presented by Mr..
rus and then seriously ask himself 4
y . money standard that Is 50 nour- Il
1ing to the industries OF Mexieo :
uid possibly be rank poison TO those &
our own COMMUNICATIONS BimetaI- 8