The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1897-10-15
go
Her E<Eeriepee Il TBSrn IN the
Flesh Of GOLD EsRopzsanSisfs.

Mexico Is The Deteznoic Of gold pfopsr
gandists. Her experience IS to them q
thorn IN the flesh irritating al the more
paiEss;1sss55 because It cannot be extracted
or blunted. This silver republic over
the boundary is a perpetual object les
son eonfounding all their arguments.
belying their predictions and discredis
ing their theories. It is so near and
communication so easy and intimate
that the facts can neither be concealed
nor faIsifed. Mexico is on 4 silver basis
and so has remained throughout the
whole period Of financial disturbances
| consequent upon an attempt to force
upon the nations Of the world a uniTsr-
sal standard Of gold. Although having
legal double standard, her only cur
rency is silver and paper based on sill
ser. All her business operations are con
Quoted with this silver currency. Her
people buy and sell with 1t and with it
eli internal Indebtedness is contracted
and discharged. The Mexicans have re-
fused to join in the procession Of nations
Of the highest civilization in their
march toward perfection in q money
standard. They have adhered to the
same barbarcus financial system under
which the whole family of nations be
nightedly CROPPED their way prior to
1873. She has refused to listen to the
Rothschild missionaries and stubboTnly
elung to her silver idolatry. What then
ought to be her condition according to
Sound money evangelism? She should
be in an acute stage of economical, in
dustrial and social atFOphy. The
wretched fruits Of a degraded currency
should have been everywhere strewn
along her downward path.
But how different from this sad pie
ture Of what ought to have been is the
reality. There is not to-day a nation
on the face of the earth which during
the past 25 years has in all which pro
notes the well-being and happiness Of
a people and adds to national conse-
quence, dignity and power made equal
progress with the Mexican republic. In
every field of industry, agriculture
mining, manufactures, trade, transpor-
tation, her advancement has been con.
spicuous. The fact Of Mexican pros,
perity is undeniable. It is so we'll at.
tested by statistics, by numerous well
informed, unimpeachable witnesses
that no Wall street emissary ventures
to assail it. For the gold worshipeJ
who is stupid enough to be sincere this
Mexican phenomenon is an unsolvablC
mystery-for the more intelligent class
who are seeking plausible DISCUSSES fol
falsehood it presents a difficult prob
lem in logical gymnastics. How can {
country which ignores the superior
claims of gold, treats the sacred gOlC
standard with contempt and cling'
with obdurate superstition to silver al
standard money, be actually, genuinely
and indisputably prosperous, and thi;
in marked contrast to the deplorablt
conditions of those advanced nation.
who have reached or are. approaching
the financial millennium through golt
monometallism! This problem is no
only perplexing but suggests very gravr
considerations involved in its solution
| If Mexico can thus thrive upon basi
of silver, why should not such a none
tary basis bring prosperity to tn
i United States? Why should we fear
premium on gold when in our neares
neighbOr a premium of more than
4 hundred per cent. not only does not re
, tard but most vigorously stimulate
and fosters a vigorous, healthy growtl
in the whole range of industrial &C
| tiyitiesP How persistently and Yocit
erously have the gold organs insiste.
that the result of a silver money sys
tenn in the United States would be t
/ repel capital and cause e withdrawal o
e present investments. Yet here is wha
the Boston Globe, a recognized SCUM
! money organ, published a few day
/ ago in relation to Mexican investments
Few people are aware of the exten
to which capital has sought and fOun
opportunities for investment durin
j the last few years in our sister re
public to the south.
"Oficial statistics compiled by Pres
Ident Diaz' administration show tina
the foreign capital invested in Mexic
in the last four years amounts to 81
o0O,0OO,OGO in national money. Of thi
amount S213, BOZ, 225 has been investe
] by English, 45,91O,OOO by American
r and SAL, 8S7,775 by French and Gel
b mans.
''The tide of capital is still coming il
and several new and extensive plans 70
E developing the country by railway an
r other enterprises are now in process c
being formed"
If in the face of these facts and fe
ures the American people can be fright
ened by predictions that free silver /
; the United States will alarm capital an
Q Fepel investments they cannot safely b
= intrusted with self-goyernment.
small parcel of Mexican experience
worth cart load Of goldbug propht
cies.
The reason for the decline in the col
price of silver has encouraged some {
the gold organs to again venture upo
drawing attention to Mexico. With e.
uberant satisfaction they point at til
increased difficulties to this silver Fl
public in paying the interest on he
foreign gold indebtedness. The nj
tional debt of Mexico is little owe
slOO,OOO,O0O, all payable in gold an
nearly all drawing six per cent. int
est. As Mexican revenues are coHeete
I'm silver. it takes, at present exchana
rates, about $13,OOO,00O Of her money
: discharge the annual interest on h
indebtedness. whereas it is urged
she would adopt the gold standard an
collect her revenues in gold the amour
lrequired for this purpose would be
/. little over 100000. This is obyiousl
true, and as an argument has at fir,