The Neihart herald. [volume] (Neihart, Mont.) 1890-1901, 1896-08-22
T1e MEXICAN ANNE
The Country IL Prosperous and Has Nc
Use For the Gold Standard.

The Country Is Prosperous and Has No
Use For the Gold Standard.
The newspapers of North America
which advocate gold recommendation as
sert that the prosperity of Mexico is due
entirely to the fact that its currency is
"infated'-that is to say, that it is
given a supposed value which in reality
vt has not, and that it has brought into
existence an activity which is anything
but normal and on a solid foundation.
1t is not at all surprising to us that on
the eve of Il presidential election, which
perhaps may be decided in favor of the
free coinage of silver and against the
gold monometallism, that the sound
money press of that country should
endeavOr TO deceive the American publ1c
with regard TO the condition of affai1s
in Mexico.
1t is to their interest to make the pct-
pie believe that Mexico has no foreiga
market for its "deprec1ated silver dol
lar. These assertions are preposteroua.
Our circulating medium tulfills all the
needs OF the nation. 1t supplies the de-
mand created by reason of the activity
III our commercial and agricultural az
fairs. Our bankers are not issuing any
more than the usual amount of bonds.
which are based upon silver. The minis
are not coming dollars i'll an unusually
large quantity. China and Japan are
buying these silver dollars in such quail
titles as to avoid the superabundance cf
silver in Mexico. Therefore how can #
be said then that our circulating medina
is defective, whether it he silver or sill
yer certificates?
The reason VAly Mexico is improving
is because the appreciation of gold con-
stltutes a premium upon all Mexico's
exports and protects its national indus
tries, thus making it more difficult for
foreign manufacturers to compete with
our home industries. This fact has
awakened the slum bering energy Of our
people and is also attracting foreign
capital to share the large profits which
our growing industries afford.
1t is true that in order to insure the
interests OF our debts payable III gold
we need more silver dollars than before.
However, this is counterbalanced by the
increase in the governments rovenuc
Foreign capital i'll developing the coun-
try has increased the governments rev
capital invested by men who know
that investments i'll Mexico are safe and
profitable.
Our progress is slow, but steady.
Therefore not even the most cautious of
our bankers is alarmed at the condition
If nnJ atf01,.C o1,I - H., ~
any opportunity for r%uinous specula-
ions. However, lands prosper for the
cultivation of sugar cane, coffee and to-
oacco II have increased somewhat in
value, but the increase has been steady
and solid. And it is due to the fact that
. large mt of capitalists from the
republic OF the north are investing their
money III these industries. These are
the proper symptoms of ''infiated"
currency, therefore such currency does
exist, and the American press has
no occasion TO cenSure us and should
elsewhere for weapons with which
to defend its gold standard doctrine.
as 1T Will be unable to find them here,
Tor the present at least. This country is
very we'll pleased with its silver cur
rency, with which it pays its debts and
continues to advance in spite of the
misrepresentation of the American ora
tors and newspapers. 1t is not our desire
that he United States should adopt the
free coinage of silver. Our national nro-
gramnne would be seriously obstructed
should it do 50. We only wish that
our neighbors should leave us alone to
enjoy Ill peace the advantages of our sill
yer currency, and that intelligent and
entelprlslng men should continue to
and invest their capital in this
country and help in the ACKNOWLEDGEMENT
of our nation.
n CarliSleS and the Morgans may
as they please and continue to wor-
the golden calf as long as they
please. Mexico does not need their adj.
vice nor ask for their SYMPATHY
From the Mexican Financier
by A. j.. Ortiz For Denver News.
Blaine on Silvar