Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1897-08-19
IN SILVER MEXICO.
4 Tribute to MexicanizatiOn by Gold
Standard PaDer

Standard Paper.
We reproduce below from the ed
itorial columns of the New York Sun a
glowing review of the prosperity ex-
listing in "silver-curst" Mexico:
When it is recollected that all the
force of the gold standard press, led by
the New York Sun, was directed against
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-
fsm; that her people were poverty
stricken, and that general demoraliza-
ton existed throughout the republic.
1t was vehemently argued that we had
enough 50-cent dollars, and that it
would not do to go any closer to the line
of ''Mexicanization." 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
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
results may be obtained.
the proportion that gold standardism
had squeezed the life out of business
in the United States, silver Mexico was
enjoying a 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 a silver country.
the same world which, it 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.
H. l.
from now on who will have their eyes
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 at this
dime more 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 theoretically
as Gen. Diaz could desire American and
English and German and French capt.
talists have made investments in them to
the amount of many millions of dollars.
We learn that the new line from Cuerna-
vaca, near the City of Mexico to the port
of Acapulco, on the Pacific seaboard is SO
nearly completed that, If expectation be
fulfilled, it will be opened for traffic before
the end of this month. Five thousand men
are at work upon it. There is already a
line from the City of Mexico to Vera Cruz
on the eastern shore: so that, when the
road now nearly ready for service shall be
opened. there will be a transcontinentaI
gfpn 4ha v,lR 80
the Pacific ocean. There II now another
road from the gulf to the Pacific, Q short
one, across the isthmus of Tehuantepec;
but 1t has hardly any way traffic, and is of
far less value to Mexico than will be the
line which is to connect Vera Cruz with
Acapulco, passing from one side of the
country to the other through a well-pop-
ulated and highly-productive region.
A line of perhaps greater Importance to
Mexico is the one now under construction,
which is to run from Ell Paso, on the Rio
Grande, across the states of chihuahua
and Sinaloa to Topolobampo, on the Gulf
OF California, and which will probably be
extended as far southwark as San Bias, on
the Pacific, or further yet. Its title, as in
corporated at Albany by a company of New
York capitalists, is the Rio Grande, Sierra
Madre & Pacific railroad of Mexico. A
portion Of this road, $50 miles in length,
was opened fortnight ago, all of which
has been built in excellent style since Oc-
tober last. 1t will pass through a region
that is exceedingly rich in its resources
but sparsely inhabited, the two states of
Sinaloa and Chihuahua. which have an
area of 10000 square miles, with popula-
ton of only about 100000 The capital
stock of the American company which has
the concession for the road amounts to
1920, 000 There is to be connection be-
tween this line and the Mexican Central.
Besides these large railroad enterprises
there are number of others of lesser mag
nitude. The Mexican Navigation & Rail-
way company has received a subsidy of
public lands for the construction of 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 la Marina, on the Gulf of
Mexico. A contract has been entered into
for 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 southwark
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
ment, to several other places The new
line from ManZanillo, on the Pacific coast.
to Colima, in the state of that name, is in
operation, and will be extended northward
to Guadalajara, If a renewal of the con-
cesSfon, which was forfeited for the nom
fulhllment of its terms, can be obtained
by the Americans who desire it. Beside the
many enterprises here spoken of, there are
plenty of railroad projects awaiting the
approval of the Mexican government. The
1900 miles Of railroad which Mexico had
miles when the lines now in course of con-
struction. for which concessions have been
granted, shall be completed.
It is with pleasure that we refer to the
development of the railroad and CONNER
cial interests of the republic of Mexico,