Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-07-29

lates the development of domestic in
dustries
For instance, we will say, here is q
certain article which must be bought
abroad 1t must be paid for in gold.
In order to get the gold the importer
must part with two of his Mexican
dollars for every dollar in gold that he
pays for the import Consequently he
must mark up his prices when paid in
the money of the country. If the ar
ticle costs him fifty cents in gold he
must ask 81 in Mexican money in addi'
ton to just charge for freight, inter
est, expenses and profit Same enter
prising Mexican or foreigner looks
around and says: Here, this article
can be manufactured in Mexico So
he goes to work and ereets plant and
hires labor, paying for the same in the
money of the country, and is naturally
able to put his article on the market
and undersell the importer \ There IS
a great inducement also for foreign in
vestors to engage in raising the tropi-
cal products of Mexico for export, as
they buy their land and pay for their
labor in the money of the country, and
receive pay for their products in gold.
These appear to be the facts of the
situation and to explain why so large
an amount of foreign capital has re-
Gently sought investment in Mexico.
They constitute a splendid tribute to
the efficacy of the protective system to
build up domestic industries and at
tract foreign capital. 1t is true that
the profits of the Mexican manufacture
er and planter are made largely at the
expense of labor, for Mexican labor APP
pears to be satisfied with less wage
in the deprecated money Of the coun-
try than the laborers of the United
States receive in money of double the
purchasing power. But the climate
and other conditions of living in Next
co are such that the laborer there can
get along with less wages. For the
present he seems contented; but it may
be that in time he will become cogni-
zant of the fact that he is unpaid; he
may aspire to higher scale of living;
his wages will have to be raised, and
then Mexico Will be obliged to supple
ment the protection which her none.
tary system affords by systematic in
crease of duties sufficient to save the
home market to home producers.
Now suppose the United States broke
loose from England and demonetized
silver, and we went to a silver basis,
like Mexico, (which we do not believe
for this nation is big enough to drag
the world in its train,) would not the
same results follow here which have
come about in Mexico? Would not the
premium on gold act here, as it does
there, to shut out foreign manufac-
lures, and put up the price of all our
productions? Would itnot enable our
debtor class to pay their debts ON the
basis on which they were contracted,
instead of with gold dollars twice as
valuable and twice as difficult to OBJ
tain as they were in 1873? Would we
not have tremendous prosperity; all
our people employed, and all of them
with money in their pockets to pay
our wheat, corn, oats, meat, etc, and
billions of dollars of foreign capital
pouring into our land for investment.
And what would we lose by it?
Simply England's domination. Sim
ply slavery to rare yellow metal.
Simply n condition where we would
have to sell our industry and its re
suits for half price.
Humanity would be bigger and the
dollar smaller. Honest industry would
be liberated and the money-lenders
profits would shrink.
Why would not that which has made
little Mexico immensely prosperous in
crease enormously the well being OF
the United StatesP
Come, brethren, join the Peoples
Party and help us bring about that
blessed consummation. The Repre-
sentative