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


itoral columns of the New York Sun
glowing review of the prosperity ex-
listing in "silver-curst" Mexico:
When 1t is recollected that all the
force of the gold standard press, led by
the New York Sun, was directedogainst
the DISCRIMINATION" 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 abasement of silver monometal-
ism; that her people were poverty
stricken, and that general demoraliza-
ton existed throughout the republic.
1t was vehemently argued that we had
enough 50-cert dollars, and that it
would not do to go any closer to the line
of DISCRIMINATION" The cry caught
many tinid 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 reduction Of wages,
eliminating in some places in the sub
stitution of colored for white labor in
order to get it cheaper, and promising,
If long continued, to reopen the gates
TO Chinese labor, so that the cheapest
ultsmaylbe obtained
Silveritcs know n year ago that In
the proportion that gold stamdardism
had squeezed the life out of business
in the United States, silver Mexico was
enjoying n career of unrxampled pros
perity. Railroads were being built in
all directions; mills and factories were
being erected, and failures in business
were unheard of. President William c.
Raoul, OF the Mexican National mil
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 corroboratinp
views.
The remarkable part of the Suns dec
laration is That ait is tribute on the
part OF the capital and commerce of
the whole world" to n silver country.
the same world which, 1t was alleged
last fall, would desert the United States
If it went only half way with Mexico,
and placed the two precious metals on
that equality which the history OF
finance has given them
There will be great many people
from now on who will have their ewes
opened as to what "Mexicanization"
means.
THE EXTRAORDINARY BOOM IN
RAILROAD BUILDING IN MEXICO.
[From the New York SUM-
In the republic of Mexico there Is Mt this
time more activity in the construction of
now 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 tho new lines which
were then approaching completion, and of
other lines upon which work had been be-
gum and also of the projects for yet other
lines which had been presented to tho gov
eminent. Since that time tho 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
tnllsts 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 to tho mort
OF Acapulco. on tho Pacific seaboard ia 40
nearly completed that. If expectation be
fulfilled. 1t will be opened for traffic before
the end of this month. Five thousand mon
arc at work upon 1t. There Is already a
limo from the City OF Mexico to Vera Cruz
on the eastern shore: so that when tho
road now nearly ready for service shall be
opened. there will BIO n transcontinentaI
line connecting tho Gulf of Mexico with
tho Pacific ocean. There is now another
road from the gulf to the Pacific. n short
one. across tho isthmus of Tehuantepec:
but 1t has hardly any way traffic. and is OF
val.
limo which Is to connect Vera Cruz with
Acapulco, passing from one side OF the
country to the other through well-pop-
ulated and hiGhly-productlve region
line of perhaps greater Importance to
Mexico Is the ono now under construction
which Is to run from Ell Paso on the Rio
Grande, across the states of chihuahua
and Sinaloa to Topolobampo on tho Gulf
OF 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 ut Albany by n company of New
YorL capitalists. Is the Rio Grande Sierra
Madre & Pacific railroad of Mexico. A
portion OF this road, 100 miles In length
was opened n fortnight ago, oil of which
has been built in excellent style since Oc-
tober last. 1t will pass through q region
,hat Is exceedingly rich in ito resources.
but sparsely inhabited, the two states OF
Sinaloa and chihuahua which have m
area of 10000 square miles, with n popula-
lion OF only about 100000. The capital
STOCK OF the American company which has
tho concession for the road amounts TO
sS.l1o.ooo There is to be n connection be-
tween this line and the Mexican Central.
Besides these largo railroad enterprises
there are number of others OF lesser mag
hitude Tho Mexican Navigation & Rail
way company has received subsidy of
public lands for the construction of n line
that shall bring the Tehuantepec road into
connection with the city of Vera Cruz.
There Is to be a line from Monterey to the
port Of Soto Ia Marina, on tho Gulf OF
Mexico. A contract has been entered into
Tor the construction OF limo from san
Luis Potosi TO the coffee districts OF the
state OF Vera Cruz. A concession has been
made Tor new line running southwa I'd
from Toluca. Tho line that has been built
from Merida. in the state of Yucatan. TO
me city OF Campeeche Is to be extended.
under a liberal concession from the govern
ment. to several other places. The new
hne from Manzanillo, on tho Pacific coast
TO Colima, In the state of that name Is II,
operation. and will be extended northwar I'd
10 Guadalajara, II a renewal Of the con
cession' which was forfeited for the non
1ulnllment of ita