Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1898-02-25
GoLDsuG & oNFEsSloNs.

S01#Ae301m 8.11O0tO0SC0p1ta l18t8-TheY*
Have lnterests IN Mexico.
The feat of riding two horses in op-
aposite directions has been accomplished
successful NY BY the ipal bond and
stockholders Of the Mexican Central
raj broad. II IS well known fact that
the Mexican Cent trail is owned chiefly in
Boston, and that the men who troll
the Atchison, Topeka & Santa Fe rail
road are the main figures connected
with the. Mexican Central. These gem
tlemen when standing for the Atchi-
son, Topeka e Santa Fe railroad, are out
and out gold men. When they stand for
the Mexican Central railroad and seek
to induce emigrants to the neigh boring
republic Of Mexico they are out and
out silver men. How they reconcile this
dual position upon the financial ques-
ton is for them to settle. What the
News wan is TO call particular attention
to is what they have to say about the
effect of silver standard and free coin
age for silver in Mexico and the results
that follow silver currency across the
Rio Grande. .
There is before us a pamphlet en-
titled "Facts and Figures About Mex
,ico," issued by the Mexican Central
railway. It has the Boston imprint
upon it, doubtless having been prepared
as well as printed at the Hub by the
same men who are at the head of
Boston's gold propaganda. The pamph-
let referred to consists of SO pages, with
a map of Mexico and a number of half
tone scenes Of cities, mills and ranches
In the country through which the Mex
Jean Central runs. OF course it is quite
,eulogistic of Mexico and gives number
of reasons why it is about the best field
for investments there is open to the
money owner. The book as It tells of
the advance of Mexico from a mere con-
sumer for European countries in the
matter of their products to that of a
prosperous, growing, self-sustaining
and industrious country in it's own
right, reads almost like tale of
the fairies. Yet we are prepared to
believe that 1t is not an exaggeration,
since nearly all the literature of late
years upon the subject tells the same
story. But the book itself does more
than rehearse the development and
growth of Mexico; it tells the cause of
1T, and it is this story, relating why
Mexico has been constantly ascending
to the highest ground of national pros
perity, that we would call the attention
of our readers. The wand which
touched the country and changed its
degeneration and poverty to growing
intelligence, ambition and prosperity
is that of silver, supplemented by leg
dslation of other countries, which trans
ferred them to the gold standard col
umn~ It will be noted that neither Mr..
Bryan nor any other c. The recog-
nized advocates of FRI" coinage for the
United States go as far as do these Bos-
ton railway magnates in extolhng sill
yer as the wand to produce and main
tain prosperity. At page AZ of the
pamphlet, under the head of 1.-THE
Cause for Prosperity" they make the
following statements:
: While Mexico's prosperity is unques-
tionably due to a large number Of
causes, prominent among'which are the
suppression of disorder, the extension
of railroads, and the liberal policy of
the government towards foreign capi-
talists and emigrants, it is very evident
that her industrial growth has been
powerfully stimulated by the existing
monetary standard.
When silver and gold, as valued in
the. worlds commodities, parted COM
pany, and Mexican dollars (Which were
being exported to Europe), we're sold for
a less price as measured in the currency
Of the gold standard countries, rise in
the price of all imported articles began
in Mexico. From this time dates the
development of Mexico's cotton and
wooden industries, as we'll as the in
crease in the expectation of articles
other than precious metals. The de-
mand and the margin Of profit for home
made goods increased as Mexican dol
lars deprecated. The native manufac-
turer enlarged his operations, intro
duced improved machinery. and began