Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1897-02-11
MEXICAN PROSPERITY.
Bank Failures, Bond Issues and Trust
RobberIes Not q Feature OF It.

| Bank Failures, Bond Issues and Trust
Robberles Not Feature of 1t.
The condition of business affairs in
Mexico is in striking contrast to that
of this country. The Mexican news
papers state that every business enter
| prise in that republic is prospecting,
and that traffic of all kinds is booming,
with large returns on judicious in
| vestments. While the goldite journals
of this country are recognizing the sit
uation here, and declaring that the peo-
pie must get down to hard pan, the
Mexican journals are boasting of the
opportunities there for industry and
capital.
The Mexican Herald, of recent date,
contains the following editorial article,
which will be read with interest, be-
cause it is Mexican testimony in regard
to business conditions as they exist In
that country. The Herald is published
in the City of Mexico. 1t says:
1t is interesting to note that just as Mex
leo is spreading her silver-tipped wings
healthy prosperity. great American jour
nails are telling their readers that the
United States is no longer a virgin country
of vast and unexpected resources, and that
reckon with the conditions that surround
older civilizations" Here is the philo-
sophie Springfield Republican, which has
got over its battle-heat acquired In trying
to elect Hanna's combination, saying:
Already the returns to be expected from
safe investments are approaching the Eng
lish level. and we can never hope to lift
them to the rates of interest that once pre-
vailed here. We are experiencing lots OF
trouble in the slow process of settling
down to this day of smaller things, and
it is time for people to begin to exercise a
philosophic spirit in dealing with the situ-
alton. The acceptance of the inevitable al
ways begets a certain degree OF calmness
of mind
The Republican should fold Its tent ana
bring its intellectual outfit to Mexico. Here
we are looking for the days of greater
things; we have bigger banks than any In
the United States; we have more hopeful
pioneers of industry; our great capitalists
are planning every day something new, and
they have a habit of getting dividends out
of their enterprises. The treasury is full.
and a surplus confronts us! Minister
Limantour finds the finances so satisfac-
tory that he abandons some of the eco
Monies needed in our day OF smaller
things" President Diaz's ample brain Is
teeming with progressive IDEAS and he is
letting them out daily. You can get good
interest on your money here, and the trusts
and combines of the United States have not
all crossed the border with sharp teeth set
like a pack of hungry wolves eager to fat
ten on Mexican prosperity.
Mexico stands a great, big luminous.
solid silver example of sound government.
sound finance and sound money.
This article from the Mexican Her
aid confirms the statements made in
the letters the Illinois State Register
has published from its correspondent,
Hon. Thomas Cooper, who is carefully
investigating the actual condition of af-
fairs as they exist in our sister lepubIic
beyond the Rio Grande. 1t is very evil
dent that free silver" is not hurting
business there. There are no "bank
failures" no bond issues" no trust
robberies;" but business Iaen are de-
voting their time a ~ money to legiti-
mate business entef 5rises with profit
able results.