The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1905-05-05
MEXICO ON THE GOLD BASIS.

always evidence of the economic progress country when
adopts monetary the commercial nations In
cal silver Europe by law all the
gold standard and the United States actually
and coinage endangered financial stability
In the great educational campaign Of that year Mr. Bryan
Without be would have had example actual
prophecy He used they worth and then
fell back upon the example Of Mexico and Japan So great was
the United States
and their incorporation into the monetary system OF Mexico 10
newspapers supported this
esson idea and argued for it it the OF financial
wisdom.
gold legislation put the United States legally
had long commercially upon the financial foundation
as Europe and the free silver agitation ckeed up IN 1900 ana
then died embs scattered the four winds
Japan 9owsd us closely By mf ben her n6 of
Marquis Had retained the silver standard her
fight for life would been hopeless struggle because of her
lack credit Instead of this she is able to place her
loans this country and Europe most favorable terms and
nations Her commerce. which has on increasing during the
conducted equal with the rest of the world and in
the o aege ie end bu was that her rising
and the increased prosperity due the securing of internal
the policy of Daz would finally compel her make
her currency home equal value that which all the
changes Of her foreign trade made Yet those this
restrain her s+a+e and hold them stedfast 70 free COINAGE If
keenly appreciated
that silver only product Of Mexico and that the country
has MANY others which are rapidly increasing in volume and in
surplus for and that foreign trade is hanered and bindered
BY of debased fuctuatng standard
pulls Bryans standard coinage
silver goes upon gold basis
This China alone of the great silver basis.
Indeed China has than the silver standard the
beginning abolition
standard which depend all Of the financial eccenes of that
In the the the Mexican dollar the
Hong1ong foreign
the silver consisting of Jumps of the
metal that by weight Then there the taels
There imperial cities provinces their
SO of Annoy, Canton Cheu Cnkiang,
Fuchau Hankow Haiwan, Hongkong, Nankn, Niuchwang,
Ningpo Pekng Shanghai Takao and Tentsin, all differing
value In like the copper cash used small transactions
differs II value in each district.
The process finding the value of purchase
district and through the of taes
and Mexican dollars the actual value the point
of origin intricate vexatious and nmica trade The fifteen
different taes fucate with the price of the Mexican dollar and
fuctuates with the of bullion, that the whole
system culver by having silver for its basis The Chinese
merchants realize the of this unstable
system, has brought home
payment OF the Boxer ndemnite that the commercial
made with the United States, Great Britain Japan
agree financial system of China shall be reformed
then the gone by expressing United
official communication desire monetary
system coinage of gold
and resting the gold basis This proposition abolish taels
syce copper cash. all of varying value
legal throughout the empire
nominal value The gold basis for the whole follow
possible
impossible the Importance of
China 1t will enlarge and her
sympathetic touch with the Western world When this
secondary position, whittier has tending by
natural selection 1916 and gold the actual will be
the worlds legal standard of value.