The independent. [volume] (Lincoln, Neb.) 1902-1907, 1905-01-19

SUMMARY VI Tic N1eAlCdu mUuCtdAy uAil
convinced the editor of The Independ-
ent that Mexico was the first nation to
adopt the Del Mar theory of coinage
and finance, and reference was made
to it in these columns. Part Of the
correspondence of President Dias and
Del Mar has been sent to the Office
and the following is translation of
one Of the letters:
No. 557 West 14th St., Washington
Heights, New York, January. 10, 1905 |
Gen. PorfiriO DiaZ, President OF the
United States of Mexico, City OF Mex
ico-Excellency: Referring to your
valued favor of March 2, 1903, permit
me to congratulate you and the Unit
ed States Of Mexico upon the resump-
ton by your country OF the control OF
.sstta monetary system.
For upwiszlsszssss 2 500 years this has
been-a subject of contentf6n weep
the people and the masters of every
state that has risen into prominence.
The regalia Of money, like that Of war
and peace, of treaties, lands, mines,
taxes, navigation and the jus lega-
tiOnis, has ever been recognized by
jurisconsults as essential to the autOn-
omy of states; yet it has been repeat
eddy surrendered by the ignorant to-
the designing, until revolution or ty-
ranny restored it for time to its
needless owners, the people. Thus
Scion restored it to Athens and Gaze
ear to Rome. until its abuse and the
eyer-watchful interests of Investments
combined to again deprive those states
Of it's equitable and encouraging in
tiuences.
Furtive efforts were made to resume
this regaiia in the republics of Venice
and Milano; it was asserted by Philip
lie Bel and enforced by Henry II of
France; and again lost in the contest
of 1916. In England, it was repeatedly
asserted by the Tudor sovereigns, up
held in the mint money case Of. 1904
and surrendered by the act of 1866;
which practically deprived the people
of all power over money and con-
verified the state minis into manufac-
tories, conducted at the public expense,
for the benefit of favored individuals
and banks.
Owing to the military and naval en-
.terprises of Great Britain. whose re-
turn of conquests, commerce and
wealth,~Were falsely credited to the
7 system OF 1865. -fas.sheen copied by
every prominent state Of Europe and
America; and with such applause from
the designing and approval of the igno7
rant, that whas the most eminent ju-
rists have declared to be essential to
the integrity of the state, have become
subjects of Indifference and even of
contumely and jest. But nature will
ever have it's revenge. To declare that
to be money, which is only metal; to
declare that to be unit, which is only
a fraction, doe; not and can not make
it SO. 1t may take years for the conse-
quences OF false theory and legislation
to break out into social disease, but
break out it must and will, at last.
1t is to the credit and glory of Mex
leo that, alone among modern states,
she has had the courage to resume the
supreme regalia called money. 1t will
be still more to her credit if she sue
ceeds in preserving it in it's initial
purity; task infinitely harder than
to assume it. Let her ever preserve
the examples of history on this sub
ject. They are infinite in number and
full OF instruction. Let the arguments
OF reason and patriotism, the dicta of
jurisconsults, the admonitions of sci
ence on this subject, be always within
reach Of the people, The monetary
issues Of state form an abstruse
mechanism which it is only the privi-
lege OF skill to fully comprehend yet
which is all-important in it's bearing
upon the common welfare Let Mexico
who has taken the lead in resumina
this supernal regalia become an ex-
emplar of it's beneficent working!
| am, with great respect, your obe-
dient servant.
ALEXANDER DEL MAR.
Of the U. S. Monetary Commission
of 1876.
&$$$S%S%
That Denver Anarchy
The most diSgracefI1 thing aho,lt the