La Junta tribune. (La Junta, Bent County, Colo.) 1881-1939, 1898-09-07

oxp0nd1tu lure. which - o0D0 VI s000JN19 tafgo1
than the esstmates q the budget conmission
foe the currsat year, y accounted fer = to ST..
l6s, III by the Larger amount thAt wtll be re-
CURED for the servics 81 tho external debt, tex
ing the Mexican dollar ~ - pence - agar 81
~ psuce. the figure for tbs cufreut ysar The
difficulties with which the govcrument has &c
cops when every fall Of penny psr cunce in
silver adds sl.ida.Is7 to the nattoa's fsed
charges are too apparcut TO nsed explanation.
and. although there was chearful tone IN the
hast message Of Presid Mt Dsls 10 consrsss with
regard 20 silver. IL would bp Seah 10 predict
that its price may not further recsds until the
1sxicaa dollars are mot ewes wostA = pence
The above information suegests why
1t was matter os grave concern. which
was given careful consideration before
the conclusion was reached that Mexico
should continue to stand by silver. The
fact that the free coinage of silver re.
duces by half the price of labor and
thereby invites capital desiring to take
advantage Of such condition. was prob.
ably the determining factor In the prob.
lem ~ 10 whether or mos Mexico should
stand by silver.
Lasss Cssaissoas.
In order, however. that there shall be
no question NJ TO whether Ar. Bryan's
statement that the conditions perpetuat.
ed by the free coinage of silver ART zen
tirely satisfactory 70 the people of Mex.
leo" Is at NIL justified we give the fol-
lowing quotation from an editorial pub
lished in The Mexican Herald. the lead
ing daily paper OF Mexico, a paper ex.
tremcly friendly 70 Mr. Eryan and, as
will be noted. mn advocate of 'ho con-
tinuance Of his peculiar financial policy
In Mexico for time at least. In an is
sue Of the last week In February. some
time after the visit Of Mr.. Eryan tc
Mexico and after tho publication of his
views ~ to affairs here, The Herald
said:
Meantime Mexico will push forward aided
BY her cheap money and the consequent pro
lection If the gold premium. which ar:s as n
bounty. But the time will come when IL will
b. desirable that our money shnil be madc
good money abroad. Labor conditions he
will slowly change. and the children Of thc
peon. educated IN tie public achoois. will de
vclop those wants which are At the basis of
what we know A. civilization. Whct, these ch.l
dren become men. they will not work. as their
fathers have. for . small wage and b. content
There 10 10 possibility Of mistakins
tho meaning OF this declaration or Of
denying its justification. The free coin
ago Of silver in Mexico with Its attend
ant results can exist only until those
wants are eloped which are u, the
basis Of civ,ilzation. The children ed
ucnted In the public schools will not
endure the effects Of free silver Us their
fathers hnve endured them.
Mr.. Bryan says the Mexican dollar
will buy almost as much ns It would in
1873. and he refers to . yard Of cloth
which could have been bought with a
Mexican dollar ia 1873. now increased
IN price TO S2.!t with transportation
aud tariff added. ~ an illustration OF
the bad effects of the monetary standard
Of the outside world rather than that
Of Mexico But with tho silver in which
this cloth price is TO be paid now being
profltably produced for fron 20 to 40
cents per ounce, measured BY the sar:e
whereas in 1878 silver was held y its
producers at Gl.O3, his illustration be-
comes q mere childish LAY upon words
with evident desire to deceive.
HS says that wages are higher ON an
average in Mexico than ever Ctore n:-d
still rising. have --e.-ican pub.ica-
tion before me which quotes from mn
official report addr' s,ed to the Eelgicn
department CT foreign Affairs to the
effect that labor in the most profitable
i:vesting and producing districts Ct
Mexico rarely exceeds % ccntavos per
workingman per day. and Mr.. Lryan
knows that the rate Of wages which is
rarely exceeded il usually above the av-
erage. Twenty -five centavcs per day is
worth between II and ~ cents in
American currency. was told at the
Zacatee.as mines aud ut the ARuas Cali.
entes smelter and at La Aurora wool
en- factory In the game city, and tie
same information has been many times
repeated in the City Of Mexico. that
wages for the same lire Of employment
had not increased in Mexico during the
past ten yeara
Amsyscaas In Mexiss.
Mr.. Bryan says he found the produc-
tions Of our protected manufacturers ev-
erywhere In Mexico. selling in competi-
tion with their European ri-'nlA He
could have further said had he been
well informed on the subject. that
American protected productions have
invaded Europe itself, recently fncreas-
ing our exports in that line TO totals
never before attained, aud that. too.
without the aid Of the almost prohibit
tive nourevenue producing "wall to
keep ont foreign competition" which
Mr.. Bryan approvingly refers 70 ~ one
result of free coinage in Mexico He
says that Mexican exportefs have .
great advantage over compositions living
IN gold standard countries. They most
assuredly have, and that great advan-
tsge is the cheap labor they secure a. .
direct result Of the free coinage Of sill
ver. Il Il m advantage NOT shared by
the Mexican producer who sells for sill
vef. nor BY the Mexican labnrer who
works for silver. but is nsono2olized BY
the expcrter who sells for gold, ard with
Il buys silver, a. he would tobacco. at