Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1898-01-06


was at par with gold, instead Of be-
ing exported to Europe, as formerly.
Many millions of dollars have thus
been kept at home and added to the
capital Of the country.
Cotton mills have been constructed
in all parts OF the republic, The acre.
age Of cotton is constantly increasing,
but the native crop is not yet sufi-
cient to supply the demand, and
large quantities Of cotton are import
ed from the United States.
The history OF the WOODEN trade
has been almost identical with tina.
OF cotton.
The Mexican manufacturer Of WOOL
ems produces now very good article,
although he cannot yet compete with
the finer fabrics OF France and Eng
land, In former years there was
considerable expectation of wool to
the United States; now there is con-
siderable Importation Of 1t from the
United States into Mexico.
While it is true that the Mexican
dollar, as measured in francs, marks,
or pounds sterling, has decreased in
value nearly 80 per cent, it is also
true that prices OF nearly every class
OF foreign goods have also decreased
80 per cent A suit OF clothes made
from the finest quality of imported
goods costs only the same number OF
Mexican silver dollars today that it
cost twenty-five years ago.
Note also the effect on real estate.
Coffee plantations have risen in value
from SIS to $50 an acre, the price
when gold was at par with silver, to
5000 to $500 an acre. The annual
profits of these plantations have risen
from SIS or SIS an acre to from $50
to $3.50 an acre. Similar advances
are true also in sugar aud tobacco
haciendRs.
The premium on gold has been the
, cause of immense internal improve
l ments throughout the country. The
capital kept at home has been invest
: ed in irrigation schemes, in improv'
) ing large tracts OF fallow land, and
t in other enterprises of a like charact'
3 er. The premium has also Drought
i much foreign capital here, which has
= been invested in various branches il
t industry, particularly in the produc.
( ton of articles for expectation.
3 The foreign investor doubles biz
y; capital when he brings it to Mexico
s He gets the advantage Of cheap and
4 docle labor for silver, and sells hil
t exported products for gold.
t This great stimulation to all indus
r trial enterprises, the building Of rail
roads, the establishment of factories
: and the cultivation OF thousands Of
: acres of land-all these have had 9
8 notable effect upon the people. The
: great demand for labor has bene.
a flied them immensely, and has pro
: noted peace and prosperity through
t out the country.
I The resources and opportunities o.
: Mexico have only been revealed tc
r her own people, as we'll as to foreign
8 ers. 1t is much easier now than Il
: ever was before to get capital here a
/ relatively low rate OF interest fol
o any Legitimate enterprise, because
y first, there is more money in thu
/: country than when we were import
ing 30 largely; and because, second
= the business man is willing, under
r present conditions, to take risk
b which would be considered too grea
Q in an era of low prices and a con
| tracted currency.
: The native producer has prospere(
? under silver at the expense of tn,
8 foreign merchant and OF the importer
:. Silver in Mexico has stimulated ex
ports md contracted imports.