El Paso herald. (El Paso, Tex.) 1901-1931, 1917-10-03

- cpEAT deal of oppostion has been aroused among
a some Of the American and other foreign mine opera
tors in Mexico to the recent decree Of the Mexican
government forbddng the expectation Of gold or silver DaIs
entirely and allowing the expectation Of gold OF SILVER ores
only under specified conditions It Is stipulated that Ior al
gold OF silver certain low percentage OF Vaue &
ported an equivalent In bars coin mmust be imported
If mining company desires to export to the United states
$4,000 worth Of gold ore he must post with the govern
ent customs service suitable bond that an equivalent
Of $4,000 IN coin bullion bars viii be brought back INTO
the country within ten days If the coin or bullion IS not
returned to Mexico, the bond viii be forfeited
So far as the decree Informative, It IS to De supposed
that the coin OF bullion thus brought back would belong 10
the mining company and would be free OF any tax OF as
sessment of any kind It would be manifesty unfair to
compel company to return gold silver to the country
and pay tax IN addition penalty for compliance Win
the law II Is provided in the decree that when these com
pensaory mporaOns consist Of bullion the bars sha Dc
mnted in Mexico at no other cost than the usual mint
ing fee.
Gen Caanzas intended course is plain He realizes that
to stabilize finances Mexico there must be golo and seI
and still more gold and silver until metallic money IS present
IN the country IN such quantities to validate perhaps COM
plety replace the issues OF currency upon which
the business and industries Of the country OF late years nave
been so precaTiOusy subs1stlng win az going Out u
nothing coming IN Mexico would be left with worthless
paper money Just long It took the country 10 plunge
No sbVo1ue ruin President CarTanzs takes very SOUND
view of his couutrys finances when he decides That sta
btv only can be found in gold and silver IN suttient
sums at least to provide absolutely sure exchange Tor cur
nc on demand One wonders whether he was given that
sound advice by the American nanGe NJ BIuer former
ct chamberlain of New York who has been financial ac-
wiser for the Mexican government Of recent months Inc
regulation requiring payment Of customs duties and certain
taxes in metallic money piece Of the general plan
It is to keep gold and silver in the country that the
MEXICAN Government has made this latest decree and, what
ever the mining companies may think Of It the act IS one
Of self preservation. We doing the same thing, IN
different wav here the United States At TINS very
moment II Is impossible because Of presidential pIocaa
ton under the authority Of the embargo act to ship goo
out of the United States except by government incense ana
the licenses are to be granted unless sound reason o
them exists reasons which must satisfy the American gov
eminent possible to ship gold to Mexico except
under the license
Mexico merely coming along with an embargo OF ABOUT
the same kind making impossible to ship gold and silver
out Of Mexico except under the restrictions above men
toned 1t would that embargo IS lar 1or the
United States, It IS equally fair for Mexico.