Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1897-10-22
MEXICO.
Her Experience Is n Thorn in tho
Flesh of Gold PropngnndIsts.

gandists. Her experience is to them n
thorn in the flesh irritating all the more
painfully because it cannot be extracted
or blunted. This silver republic over
the boundary is perpetual object les
son confounding all their arguments.
belying their predictions and discrcdit
ing their theories. 1t is so near and
communication SO easy and intimate
that the facts can neither be concealed
nor falsified. Mexico is on II silver basis
and SO has remained throughout the
whole period of financial disturbances
consequent upon an attempt to forco
upon the nations of the world uniycr-
sal standard of gold. Although having
n legal double standard, her only cur
rency is silver and paper based on sill
yer. All her business operations arc con-
Quoted with this silver currency. Her
people buy and sell with it and with it
all internal Indebtedness is contracted
and discharged. The MeXicans have re-
fused to join in the procession of nations
OF the highest civilization in their
march toward perfection In money
standard. They have adhered TO the
same barbarous financial system under
which the whole family OF nations be-
nightcdly CROPPED their way prior to
1873. She has refused to listen to the
Rothschild missionaries and stubbornly
chung to her silver idolatry. What then
ought to be her condition according to
sound money" evangelism? She should
be in an acute stage of economical, in
dustrial and social atrophy. Tho
wretchcd fruits of degraded currency
should have been everywhere strcwn
along her downward path.
But how different from this sad pic.
ture of what ought 10 have been is tho
reality. There is not to-day nation
on the face of the earth which during
the past 25 years has in all which pro-
notes tho welllbcing and happiness OF
people and adds to national consc-
quence, dignity and power made equal
progress with the Mexican republic. In
every field of industry, agriculture,
mining, manufactures, trade, trauspor-
tntion, her Advancement has been con-
epicuous. The fact of Mexican pros
perty is undcninblc. 1t Is so we'll att
tested by statistics, by numerous we'll
Informed, unimpeachablc witnesses
that no Wall street emissary ventures
to assal It. For the gold worshper
who is stupid enough to be sincere this
Mexican phenomenon is an unsolvnblo
mystery-for the more Intelligent class
who are seeking plausible DISCUSSES for
falsehood it presents u difficult prob
lem in logical gymnastics. How can u
country which ignores the superior
claims of gold. treats the sacred gold
standard with contempt and clings
with obdurate superstition to silver us
standard money, be actually, genuinely
and indisputably prosperous, and this
in marked contrast to the dcplorable
conditions of those advanced nations
who have reached or are approaching
the financial millennium through gold
monometallsml This problem is not
only pcrplcxing but suggests very grave
considerations involved in its solution.
If Mexico can thus thrive upon basis
of silver, why should not such n none
tary basis bring prosperity to tho
United States? Why should we fear n
premium on gold when in our nearest
neighbor premium Of more than Il
hundred per cent. not only does not re-
tnrd but most vigorously stimulates
and fosters a vigorous, healthy growth
in the whole range of industrial nc
tivitiesP How persistently and vocif-
erously have the gold organs insisted
shat the result of silver money sys-
TEN in the United States would be to
repel capital and cause II Withdrawal of
present investments. Yet here is what
the Boston Globe, recognized sound
money organ, published few DAYS
ago in relation TO Mexican Investments:
Few people are aware of the extent
to which capital has sought and found
opportunities for investment during
the last few years in our sister re-
public TO the south.
Official statistics compiled by Pres
ldent Diaz' administration show that
the foreign capital invested in Mexico
in the last four years amounts to ST.
OOo,oo0oo0 in national money OF this
amount S213,3O2,225 has been invested
by English, $345 $40, GOO by Americans
and 41,3s7,775 by French and Ger
mans.
THE tide of capital is still coming In,
and several new and extensive plans for
developing the country by railway and
other enterprises are now in process of
being formed"
Ii in the face of these facts and fig
ures the American people can be fright
cned by predictions that free silver in
the United States will alarm capital and
repel investments they cannot safely be
Entrusted with self-government \
small parcel of Mexican experience is
worth cart load of goldbug prophe-
cies.
The reason for the decline in the gold
price of silver has encouraged some of
the gold organs to again venture upon
drawing attention to Mexico. With ex-
uberant satisfaction they point at the
increased difficulties to this silver re-
public in paying the interest on her
foreign gold Indebtedness. The ma
tional debt of Mexico is a little over
S1oO,Ooo,oo0. all payable in gold and
nearly all drawing six per cent inter.
est. AS Mexican revenues are collected