Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1897-10-08
IN SILVER MEXICO.
Tribute to INSTRUMENTATION by n Gold
Standard Pnper.


listing in "silver-curst" Mexico:
When 1t - recollected that all the
force of the gold standard press, led by
the New York Sun, was directedagainst
the INSTRUMENTATION" of our commerce,
the Importance of this editorial an
nouncement will be seen. The charge
was made, asserts the Atlanta Constitu-
ton, that Mexico had been sunk into
the abasernent of silver monometal-
hsm; that her people were poverty
stricken, and that general demoraliza-
ton existed throughout the republic.
1t was vehemently argued that we had
enough 50-cept dollars, and that il
would not do TO go any closer to the line
of Discrimination" The cry caught
many timid people, and what is the re-
suit?
The United States, the foremost Eng
disappearing nation in the world and
the importer of all the English qualities
OF industry and enterprise, has stood
for years as finished country. Rail-
road building has almost ceased; bust
ness has been contracted and the tend
ency is toward a reduction Of wages,
eliminating in some places in the sub
stituton of colored for white labor in
order to get it cheaper, and promising.
II long continued, to reopen the gates
to Chinese labor, so that the cheapest
results maybe obtained.
Silverites know a year ago that in
the proportion that gold standardism
had squeezed the life out of business
in the United States, silver Mexico was
enjoying q career Of unexampled pros
perity. Railroads were being built in
all directions; mills and factories were
being erected, and failures in business
were unheard of. President William G..
Raoul, of the Mexican National rail
way, bore Testimony to the fact that
the Mexican lesson had converted him
from gold standardism to the bimetal-
lie theory. Mr.. Samuel NJ. Inman. one
OF the most conservative business men
of the union, after visit to that coun-
try gave expression to corroborating
views.
The remarkable part of the Suns dec
laration is that at is tribute on the
part OF the capital and commerce Of
the whole world to q silver country.
the same world which, it was alleged
last fall, would desert the United States
If 1t went only half way with Mexico,
and placed the two precious metals on
that equality which the history OF
finance mas given them.
There will be n great many people
from now on who will have their eyes
opened as TO what "Mexicanization"
means.
THE EXTRAORDINARY BOOM IN
RAILROAD BUILDING IN MEXICO
TErOn1 hn
In the republic of Mexico there ia M tbIs
time moro activity IN the construction OF
new railroads than In any other country
IN the world. In message which President
Diaz sent TO the Mexican congress two
years ago. he spoke Of the new lines which
were then approaching completion. and OF
other lines upon which work had been be-
gun and also of the projects for yet other
lines which had been presented TO the gov
eminent Since that time the building OF
railroads. some OF them long and Others
short. has been carried on as energetically
as Gen Diaz could desire. American and
English and German and French cant
talists have mado investments in them to
tho amount OF many millions Of dollars
We learn that the new limo from Cuerna-
Naca. near the City OF Mexico. 10 tho port
OF Acapulco, on the Pacific seaboard is 80
nearly completed that. If expectation be
fulfilled, 1t will be opened for traffic before
the end OF this month. Five thousand mon
are at work upon IT. There IS already a
1T
on the eastern shore: so that when the
road now nearly ready for service shall be
opened. there will be transcontinentaI
line connecting the Gulf of Mexico with
the Pacific ocean. There is now another
road from the gulf TO the Pacific n shor1
one, across tho iSthmus Of Tehuantepec.
but 1t has hardly any way traffic and IS of
iar Tess value TO Mexico than VIII be the
line which Is to connect Vera Cruz with
Acapulco, passing from one side Of the
country 10 the other through a well-pop-
ulated and highly-productive region.
line OF perhaps greater Importance 70
Mexico Is the one now under construction
which is to run from Ell Paso, on the RIO
Granue across the states OF chihuahua
and Sinaloa to Topolobampo on the Gulf
or California. and which will probably be
EXTENDED as far southwark as San Bias. on
the Pacific. or further yet It's title. as in
corporated at Albany by q company of New
Horh capitalists. Is the Rio Grande Sierra
Madre & Pacific railroad of Mexico. A
portion or this road. 100 miles in length
was opened fortnight ago, all of which
has been built in excellent style since Oc-
tober last. 1t will pass through q region
,hat Is exceedingly rich In its resources
Int sparsely inhabited. the two states of
Sinaloa and Chihuahua, which have m
area or 10000 square miles, with a. popula-
ton Of only about 100000. The capital
STOCK OF the American company which has
the concession for the road amounts to
SS'lzOOOO- There is TO be a connection he
tween this line and the Mexican Central.
BESIDES these large railroad enterDrtses
there are number Of others Of lesser mag
nitude. The Mexican Navigation & RAN
way company has received q subsidy OF
pubic lands for the construction of a line
that shall bring the Tehuantepec road int
connection with the city OF Vera Cruz.
There is to be line from Monterey TO the
port OF Soto Ia Marina, on the Gulf of
Mexico. A contract has been entered into
Tor the construction OF line from San
Luis Potosi TO the coffee districts OF the
state of Vera Cruz. A concession has been
made for new line running southwa I'd
from Toluca- The line that has been built
from Merida, In the state of Yucatan to
the city OF Campeeche is to be extended
under liberal concession from the govern
Inent. TO several other places. The new
nne from Manzanillo, on the Pacific Goa At
10 Colima. In the state Of that name Is In
operation. and Will be extended northwar I'd
10 Guadalajara, II a renewal of the con-
cesslon which was forfeited for the non
IulnIlment OF its terms can be obtained
py the Americans who desire it. Beside the
many enterprises here spoken of, there a re-
plenty or railroad projects awaiting the
approval OF the Mexican government The
.'OOO miles OF railroad which Mexico had
last year will be increased by a,0O0 or zOO0
miles when the lines now in course of CON
struction, for which concessions have been