The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-08-21
Mexico stops Imports.


recovery, but the market IS reported
rather weak al the price.
Mexico stops imports.
NEW YORK, Aug. 2e.--A dispatch 10 the
EaeI4ta from Mexico City SAYS.
f~Aef1aESe on New York has reached It5
premium In othsr " rds * takes s. Is n
ASAlk-aa money % boy an American del
Az containing less silver taan the Mex
can ocular This enormous depreciation af
tie AeAlcAn dollar is running merchants.
Iaey are canceing ali orders for imports
ana many VIII close their st3rts as they
cannot sell tne stock on hand az a rate
h3sn enough - replz nish them They bs-
AeFe taat the price IS uunafgrally depress-
sd aid Is due 70 conspiracy abroad.
Meaaw hile, home manufacturers are
pooEnIns, as the depreciation IN silver
makes high tariff wall Coffee. sugar.
tooaeco and slsal hemp p!atteTs are pros
Porous, as they sell ahroad for gold and
pay their labOrers in silver. Strange %
say, the Mexican dollar buys as mgca
soods as ever Il dill except of The i'm
ported variety. The government Is hard
hit. as il has 70 pay the interest on the for-
eIgn deot n gold There Is some Talk OF
Reputation. but n r. Is 10 knowing what
President Diaz viii DO. lie may refund
the per cent. debt. paying only per
cent. interest hereafter.
Capitalists are hooking into the country
and invest their gold.
The Eject on Labor.
The belief here is that labor paid In sill
Yer VIII eventually win against labor paid
IN gold IN support of this. the theory is
pointed out that the Tin mines II Corn
wall viii have 10 shut down because they
cannot compete with those in the Straits
settlements and Borneo, where Mexican
dollars are current. Bankers here say a
p a fsg! Of len
ing the money Of the world. which means
that they are controlling the prices Of the
world and that il is he old night Of moa-
archy against society.
Rlca AeXicans, accustomed TO living
much of the time abroad, are staying at
home investing their silver II building and
Improvements. All KINDS Of real estate is
rapidly advancing in price ana the demand
for nasons and contractors Is large. At
tentlOn is also being directed to tropical
I agriculture.
Chilean Mines Closed.
/ dispatch TO the Herald from Valpa-
raiso says: The persistent fan in the price
of bar silver has caused a panic among
/ the producers in Chile Many of the prin-
/ cipal mines OF the republic viii be closed
| soon and. II the price continues 10 fan,
/ ruin Will be the only result.
GOV. Boies Changes His Views.
| MARSHALLTOWN. Ia, Aug. "A
/ large meeting In this city, which marked
1 the opening OF the Democratic campaign
| In Iowa. was addressed by ex-Gov Horace
! Poles. The ex-governor said in part:
To no man living Go concede a strong
| er desire 20 see this country return TO the
| equal unlimited use OF both gold and sill
/ Ner IN its financial system than 1 possess.
I To my mind the best hope OF this nation
depends upon the accomplishment OF that
/ end. l firmly believe the use OF gold alone
i'm rhFa of
/ the United States viii divide them as the
4 people OF England are divided the very
/ rich and the very poor, and l do not be-
1 leve a republic can live under such a con-
! dition OF society
| Under the circumstances as they now
! exist with silver demonetiZed by the great
I commercial countries OF the world with
| the frichtful chasm that separates the
/ commercial values OF the metals con-
| sjsutiy widening. and III the light Of our
! own recent national election. ] cannot
/ bring my own mind 10 believe that the
/ free coinage Of silver at the ratio Of Is 10
/ I with gold is within the reach OF It's
/ friends, nor can ! help the fear that it
| would not be desirable. even IL attainabie.
| Il believe. from what now is a matter OF
| notoriety everywhere. that the fear OF this
| is so deeply grounded In the public mind
! ito by those who believe themselves the
! real friends % silver VIII permanently de-
| stroy the cause they would promote, and
| fssten upon the people OF this nation per-
Z 3
| In my Judgment. than war or pestiience or
| famine and | cannot consent TO share any
/ part OF the responsibility for such catas-
irophe.
1 in all that I have either heard or read
/ or thought no plan, under present cir-
/ cuulstances. has seemed so feasible 70 me
/ for the restoration OF silver to its right
/ ful place as redemption money as one
! substantially like that recommended BY
/ Mr. Window in iSss. white acting as Sec
! refary of the treasury. Stated In his own
/ ianguace his proposition vas this, Issue
/ treasury notes against silver bullion 81 me
! market price Of silver when deposited,
usvahie on demand lu Sucn quantities OF
I silver bullion SIS viii equal ln value at the
date q presentation the number Of dollars
/ expressed on the face Of the notes at the
/ market price Of silver. or il gold. AT the
/ option of the govern u31rf, or IN silver dol
/ lars az the option If the holder.
LONDON. Aug. 20-The Pail Mau Ca
I zette this afternoon says: There never
( existed the least reason for suspecting that
/ british government officials contemplated
reopeuing the Indian mints"
Advance in All But Wages.
WASHINGTON. Aug. 2o-Consui Gen
| eral Joseph H. Dudley. stationed az Nue-
I "a I.are,ia- in q communication to the
. state department. says that as a resGl,
( OF the recent fail in the price Of silver
/ there has been marked rise in the price
+ of al commodities in Mexico This IS
true az domestic products Rents arc n
+ clude5 Ia the rise Of price. He says rhere
has hesn TO corresponding advance n
waxes or salaries. LABOR ne states stay $
on fts silver basis
CITY or MEXICO Aug. % The pre-
( r-.urr on New York exchange today fen %
IV and the news OF The rise n silver had
= goo1 eITect-