The Advocate and news., 1898-02-02

nrosperity would advance upward from
the farmers and general industrial
classes. instead of fictitious prosperity
coming down to the industrial classes
from the pinnacles of wealth or the
millionaire bondholder. These great
bond producers or farmers know that
their property bonds which they have
succeeded in keeping free from taxes are
valuable property which bring IN a sure
and STEADY income without toll or labor,
and also c.,mmand handsome premium,
especially government bonds. While our
productive interests IN farms, etc. are
burdened with taxes, and with an aV-
erage of low prices for our products'
have deprecated from 20 to 5O Genus
ON the dollar below par or cost. Ihere
are many thousands OF farms over our
country that will not sell for more than
the cost of the improvements. Thls
great disparity between the values OF
our great productive investments and
the bonuholders' property bonds Is dis
astrous to farm and other industrial In
yestments and is driving money away
from industry, the very foundatlon Oh
a prosperous government or people, TO
seek the more profitable investment IN
this debt-making system of bonds ana
other money holdings.
Now, to restore the old silver unit OF
value to its just and lawful place OF
equal rights and coinage with gold must
lessen the measuring value OF gold. And
in the same ratio or proportion that
the measuring value of gold is lessened
our productive property and products
will be increased in value, or lost value
restored. The gold standard advocates
admit that the silver dollar is a cheap
dollar when measured by silver bullion.
Then. IL honest they must also admit
that to put silver in equal competition
with gold or free coinage with gold
will lessen the measuring value OF gold
and bring the two metals to a parity
with each other. In fact, it Is the only
way to restore their parity
But the gold standard advocates still
insist upon deluding the people with
the statement that gold is an inVarlaDle
standard. We need only to refer them to
the now prosperous condition OF Mexico
and where the silver dollar is as Valu-
able as it ever was, and Is buying as
much to-day and paying as much DEBT
as ever it did. Yet when the Mexican
silver dollar is valued or measured by
gold it is found to be worth less than
so cents in gold either in Mexico or the
United States, and still this now cheap
silver dollar is now as valuable in Mex
leo as it was twenty-five years ago, when
it was worth gold dollar all over the
world. This plainly shows us that gold
has doubled in value or purchasing
mower. and that silver has held its own.
These facts come through so many re-
liable sources that they cannot be de-
MED Our American people are going
to Mexico with their capital and they
find all productive enterprises profitable.
The Mexican producer gets double as
much for his products put to market
in silver that the American producer
gets in gold value, which gives the
Mexican the disparity between gold anu
silver as a premium over 100 per cent.
on all the products he markets, and
this goes direct to the producer, which
makes him the best protection to his
industries in tne world. Imports into
Mexico from gold standard countries are
ON a gold basis and give them no adj
vantage over other countries, but On
their own productions and exports they
have double the profit that the Ameri-
can producer has. With this double
advantage over their gold standard COM
petitor countries, Mexico will be rapidly
developed into an exporting country
with the balance of trade in their favor,
gold will flow into their country. If the
United States would restore silver to-
day, our producers and industries would
have the same advantage with Mexico,
and with the receding disparity between
the metals as a premium would cause
a healthy prosperity with sure and
broader foundation to roll upward from
the industrial classes. Our great pro-
ductive nation with Mexico would then
have the advantage, which would bring