El Paso daily herald. (El Paso, Tex.) 1881-1901, 1898-02-03

| a q 1nat no cOnSlQer8Olo mum Der OF
| them wish to abandon silver. Is it
take a step which would surely de-
preciate TO some extent their greatest
export product, silver? But let an
other scare reach them like that of
last August, and you will find that
the mo considerable number will
4 swell to embrace every tradesman and
the entire commercial interests, and
you will hear of Mexico negotiat ting
/ for gold upon which to base q cur
| rency.
J 1.-THE only advantage that Mr.. Bryan
| claims for Mexico on account of it's
silver standard that could be applicable
| to any other country is that it works as
| q wall of pro ectiOn, and this he ac-
kpowledges Mexico is anxious to give
up for steady exchange which she
wou d get with the United States if we
should pass the enabling act for her
benefit, which he is aRitating. The
Mexican government is amply able to
protect her manufactures without do
ing so by premium on exchange, and
my observation is that she is not back
ward about such legislation, having
already high protective tariff from
which she draws the large revenue of
which he speaks. The argument that
| the coffee growers and others grow
their products upon a silver basis and
| market them for gold is fully met by
| the proposition that the people there
| want the United States to leeislate
| their money and chief product, silver,
to a par with our currency, which,
great as our wealth is, it could not
prevent the withdrawal of our gold as
| money and depreciation of our cur
| rency to the basis of that of Mexico, IL
Mr.. Bryan and others are able to de-
ceive the people into passing q free
coinage law at the ratio of 16 to 1.
MIR. Bryan's comparison of the
| wages of the independent labor of the
| far west with the wages of the former
slave states might have been followed
! by description of the condition of the
| while improved in the past quarter of
a century. is still in such state that
thousands of them are coming to us
annually. and. figuratively speaking,
are thriving on the crumbs which fall
| from the tables of our working people.
His comparison of English-speaking
people going to Mexico with those who
go 60 Canada is no argument in favor
of the Mexican money Standard over
with gold standard, have been over
run with emigration of laborine clas-
ses, a considerable share of which are
from Mexico.
LABOR QUESTION.
''Did Mr.. Bryan find an unskilled
American labOrer in Mexico? If he
| did, [ will guara7iee that he received
| a request from h "a TO" the price OF
| meal. The bjilding and operating of
i railroads, mao ufac tories and other
modern improvements his created
demand for skillet laborers, but if Mr..
Bryan m any of them who had be-
n No oifi 9th
| timated that they expected to spend
| the res of their lives there, the cases,
| will guarantee, were very rare, for 1
have never in my experience there
known a single cas- of that kind.
1T would have been we'll for Mr..
Bryan to have explained how so much
prosperity could exist upon a circula-
ton OF $50 per capita of silver and
about S3 per capita of paper money
which i, no. guaranteed by the gov
erDm Mt, which he and his friends are
crying out that $50 circulation per
capita in silver and nearly twice that
much ia go d and paper gu arant sed by
our 'verr ment is net enough to trans
act the business of this country; and
that, too. in the face of the fact that
our country Goes over 80 per cent of
bus ness by check aud xchsnge, while
Mexico does not do over so per cent in
I'll at manner.
why did Mr.. Bryan not tell his
readers t at for the purpose OF being
able to export THAR silver down closely
the government allows their banks to
issue their notes to three times the
amount of their capital and deposits
not Of a confidential character. In ex-
change for this the banks loan the gov
er' ment certain amount OF money at
q per cent interest. If the silver stand
d is of such benefit, why is it that
the Mexican government pays per
cent interest, while our 3 per cent
bonds are a p emium?
There is rot, according to my views
one feature OF the situation in Mexico
favorable to the free and unlimited
coinag- of silver, except by interna-
tional ayr cement, to which the repub-
lcan arty is fully pledged. That Mr..
Bryan has by his three weeks trip