Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1899-02-27
THE SILVER

The following is from the Mexican
Head of Feb. 10th and contains
some new and forcible features in
the arguments for Silver. 1t is a
t1arSlation from Eel MundO' n
OF the leading Mexican papers and
shows some advantages that the Mex
ical S are enjoying from their stead
fast adherence to Silver:
I'VE have always maintained, and
trieI to prove on several occasions
that the fall in value of Silver is the
cause of the unpresented growth and
pro. perity of those countries using 1t
as a national currency.
Car contention was based upon
SOLID reasoning and a mass of import
ant facts. The depreciation in the
value of silver is a premium on eXpor-
tatiun, and consequently on the pro
due S of silver countries. With Sill
yer 1t par, effects worth a dollar gold
abroad, are worth a dollar silver to
the exporter: but if silver falls the eN-
porter receives the same dollar, in
gold, oria dollar and a half, two d OIL
lars or more as the case may be in
silver. Hence the establishment of
new industries, the culture of new
crops, the expectation of additional
products and on a greater scale; hence,
also, the immigration of capital and
labor, the increase of public revenue
and, in short, prosperity in every
sense.
Tie facts which Confederate this
contention are public and notorious,
and n Asia, Africa and nearly the
who'e of Latin America, both export
alton and production have increased
to such an extent as t. alarm those
old countries which al.lrrc to the
gold standard, and so seriously jeOp-
odizc the industrial monopoly of the
old world.
Tine has added another striking
proof OF the correctness of this reason
ing and the facts educed, a proofWhich
should be analysed, in order to dis
illus, onise a number of people Of the
idea that the country would be better
off Oh a gold footing and that every
thing possible should be done to raise
the white metal from the state Of de
cay into which it has fallen.
This new fact tends to show that
the enormous prosperity enjoyed by
certain countries having a silver OIL
paper currency, has been interrupted
and daily threatened with destruction
in proportion as the premium on goIc
asiGecreaCed. Following the advice
Of the monometallists. Chile and tht
Argc ltine have made an effort to raise
the value of the national paper cur
rency to the level of gold. With thi,
object in view loans have been hoateC
for the purpose Of retiring paper from
circulation, and returning little b,
little to the gold standard. This MOI
eta1y policy has resulted in the pre-
MUM on gold decreasing and it is be
lieved that in time a permanent gol
currency can be established.
We give below a narrative of tn
disastrous results which these meas
ures have produced in the Argentin
Republic, according to a letter write
by tie Argentine economist, Si1vi
Gesell, to The European Economis
NATURALLY, this rise in the valu
of the national monetary unit, is of
set By a general fall in all prices, an
it is curious and at the same time sa
to observe how all the bimetallist.
theor es concerning the fall in price;
are here fully confirmed.
"EVerything declines. Intelliger
artizens emigrate, whilst immigratlc