Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1897-09-10
IN SILVER MEXICO.
A Tribute to Mexicnnfzntion by Colo
Standard Pnper

Shhuhru Ghper.
We reproduce below from the ed
itorial columns of the New York Sun
glowing review of the prosperity ex-
isting in ''silver-curst" Mexico:
When 1t is recollected that all the
force of the gold standard press, led by
the New York Sun, was directed against
the "MeNicanization" 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-
lism; that her people were poverty
stricken, and that general demoraliza-
ton existed throughout the republic.
1t was vehemently argued that we had
enough 50-ceHt dollars, and that it
would not do TO go any closer to the line
of Discrimination" The cry caught
many tinid people, and what is the re-
sult2
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
cncy is toward n 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 mayibe obtained.
Silverites know year ago that in
the proportion that gold stamdardism
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 I'm 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 standardisGn 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 n silver country,
the same world which, it was alleged
last fall, would desert the United States
if 1t went only half way with Mexico
and placed the two precious metals on
that equality which the history OF
finance has given them.
There will be n great many people
from now on who will have their eyes
opened as to what ."AfeXicnnization"
means.
THE EXTRAORDINARY BOOM IN
RAILROAD BUILDING IN MEXICO.
lFrom the New York Sunl
In the republic of Mexico there is NJ this
time moro activity In the construction OF
new railroads than in any other country,
in the world in message which President
Diaz sent 10 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. ana also of the projects for vet other
lines which had been presented to the gov
crnment. Since that time the building OF
railroads. some OF them long and others
short. has been carried on as enerGetIcally
as Gen. Diaz could desire. American and
English and German and French can't
taiists have made Investments In them to
We learn that the new line from Cuerna-
vaca, near the City of Mexico, to the mort
OF Acapulco. on the Pacific seaboard ia so
nearly completed that. If expectation be
fulfilled. II will be opened for traffic before
the end of this month. Five thousand men
arc 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 he n transcontinental
line connecting the Gulf of Mexico with
tho Pacific ocean. There is 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.
n line OF perhaps greater Importance to
Mexico Is the one now under construction
which Is TO run from El Pnso, on the Rio
Grande, across tho states of chihuahua
and Sinaloa to Topolobampo on tho 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
Yorl capitalists. is the Rio Grande. Sierra
Madre d Pacific railroad of Mexico. A
portion OF this road 1G0 miles i'm length,
was opened fortnight ago. all of which
has been built in excellent STYLE since Oo-
tober last. 1t will pass through q region
that Is exceedingly rich In It's resources,
but sparsely inhabited, the two states of
Sinnloa and chihuahua, which have an
area of 10000 square miles. with q popuia-
tion of only about 100000. The capItaI
stock of the American company which has
the concession for the road amounts TO
s8.l2O.G00. There is TO be n connection be-
tween this line and the Mexican Central.
Besides these large railroad enterprises
there are number of others of lesser mag
hitude, The Mexican Navigation G. Rail.
way company has received a subsidy OF
public lands for tho construction OF q line
that shall bring tho Tchuantepec road into
connection with the city of Vera Cruz.
There is 10 be line from Monterey to the
port of Soto In Marina, on the Gulf OF
Mexico. a contract has been entered into
for the construction of n limo from San
Luis Potosl 10 the coffee districts of the
state of Vera Cruz. A concession has been
made for n 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
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