Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1897-10-14

money use and the demand-+hat Il
the intensity of competition in obtain
ing it. In no possible way could Mex
leo by changing her standard increase
| the quantity or lessen the demand for
gold. On the contrary, and most OBJ
viously, by the adoption of gold stand
ard she would increase the demand and
aggravate the present severe competi-
ton for securing it. Then, again,
Mexico is silver-producing country.
Her principal export has been silver
coined into Mexican dollars. She large
~ relies upon this silver expectation
to purchase the gold with which to
meet the interest on her foreign obi
cations.
To say that for her to discard silver as
standard money would still further di.
minish the demand for it and require
more of it to purchase the needed gold
| to satisfy foreign creditors is like stat
| ing a sum in simple addition. I'm
doubtedly if she could collect the same
amount of taxes in gold that she now
| does in silver her treasury would be re.
ieved as to the interest upon this pub.
| lie debt, but it would be equally relieved
! by doubling the present silver taxes,
and of the two, if either were necessary,
the latter would be infinitely preferable,
The addition of seven millions of taxes
would be burden which would be fell
but would in no serious way interfere
| with her industrial activity or the mu.
tual equities of her citizens. To go TO q
gold standard or even to approach ii
would only be adding another competi-
tor in the struggle for gold, increase
the difficulty of paying her foreign in.
terest, but would be fatal TO the business
prosperity of her people. For the Amer
lean people nothing can be more in
structive than careful study of the
economical progress in Mexico in con.
nection with her monetary system.
What she has done and is now doing is
the result of an inf1exible adherence tc
double standard of silver and gold
without regard to the parity of the two
metals. By refusing to follow other ma
tons in change of monetary system
by accepting the cardinal principle OF
| a double standard in adhering to the use
OF that one of the metals which for the
! time and for any reason is cheaper than
the other, she has not only preserved
but most conspicuously advanced the
development of her national resources.
| By adhering to silver she has not only
added to her wealth, but has secured
higher rank among nations. She has
attracted from other countries pursuing
a different policy not only capital but
in a large measure enterprise and bust
ness talent driven inevitably from
| field of contraction to one of expand
| ing industry. To our people her expert.
ence points out plainly the path of duty
| and policy. Return to the double stand
ard and business prosperity and defy
or rather welcome, the highest premi
UNI on gold which the money potentates
may choose to place upon it.
More than nineteen-twentieths of oul
citizens do not care, and have no inter
est in caring, whether there is or is moi
any gold in the vaults of the banks OF
treasury of the United States, and no
where else is it or has it been for &c
years The other less than twentieth
are the usurers and receivers of fixed
| money incomes, the enemies,o OF general
prosperity, because it lessons the dis
| tinction between themselves and the
great mass of their fellow-citizens. II
Europe wants the little gold which we
have, let her take it. We do not want
| it, and no one but few interested gath
erers will miss it.. With US it is ques-
ton between gold on the one hand and
prosperity on the other, and hope we
are wise enough to choose the latter.
In many respects we are superior to
Mexico, but all our advantages were &C.
quired under the same money system
which she retains, and which powerful
influences are being exerted to induce
| us to discard. The test of the value OF
national policy is not the actual level
of civilization, but the rate of progress
The lesson which Mexico teaches Is
| this: That nothing is to be feared from
| premium on gold; that it can never be
harmful, and under present conditions
will be to us, as it has been and is to her
| positive benefit; that disparity in mar
ket metal values is no drawback to the
efficiency or value of a double standard;
that the nation which maintains legal
double standard and uses always the
coin of the cheaper will secure in the
highest degree possible stability OF
prices and the equities between cred.
itor and debtor, and the financial indie.
pendence essential to national prosper.
ity.-C. j. Hillyer, in Silver-Knigh
Waterman.
We Are Big Enough.
Mr.. Newlands, the silver advocate
from Nevada, contends that the
power of this country to restore the
parity of gold and silver by free
coinage is ample. When we reflect that
80 = no ,,,o,a ~ ;I-,,ads +ba, al 70 -a~4