The daily morning oasis., 1920-06-18
RE-OPENING A GREAT QUESTION

Re-opening great question is task that has
been undertaking by Mr. Charles Buffers in his
avowed purpose as declared at the Chamber of Com
merce and B. M. A joint meeting at the Santa Cruz
Club Wednesday evening, Of having the minis of
Mexico reopened to free coinage of silver and coin
age of that metal resumed in the United States to re-
store to the IT, s treasury The three Kindred million
silver dollars that we're IT,, when the Federal Re-
serve Banking System was established, but which
disappeared with which to retire that amount of fed
eral reserve bank notes that have been forced into
circulation, initiating the circulating medium, and
adding to the high cost of living
In his address MI. Buffers stated the fact that
there is dearth Of money Of any kind all Mexico
Government has issued great deal IF irredeemabe
paper money, but coin is almost absolutely NIL while
what coin there in circulation is American money,
and the substantial money of larger size than
small change and American silver dollars is Ameri-
can bank notes and greenbackS Everywhere except
right along the border where American money is
easily available he"e is positive dearth of circulating
medium
Yet asserted by the speaker, there is produc-
eel In Mexico each year some seventy million ounces
of silver which is exported and eventually it all finds
its way to India and China, that vac: sinking pool
where silver has been dloarded through the ages,
taeken from circulation and disappears from THE
worlds uses.
Mr.. Buffers remedy as proposed is that the
minis of Mexico shall be re-opened that producers
OF silver may take their bars to the nearest mint.
have them coined in to what ever denomination and
and returned to the producer with which to pay labor
and tuy supplies That of itself would relieve the
situation within very short time and give Mexico
her own circulating medium, taken from her own
mnes, as has been the case from the time of Her.
nando Cortez.
tits not generally known that until the past thir-
ty years there eleven minis in Mexico and three
of them were on the West Coast: at Alamos, Hermo-
slllo and Culacan. Others at Zacatecas, Guadala-
Jara. Puebla, Jiuanajuato, San Luis Potos Pachuca
City of Mexico, and Oaxaca AS pa cf the great
conspiracy To retire silver as edun If CIRCULATION
which was fought so CALAMITY by William j.
Bryan in 1896, the financial minister of Porfnio
Dlas was induced to abandon all those minis except
that at the City of Mexico cutting off from the Mex
lean people all opportunity to have their great pro-
duct converted into money right at their doors, and
making it a commodity to be sent abroad for a mar
ket. Later Mexico was induced to put her monetary
system upon gold basis. In that the republic was
probably the last great nation in the world to abandon
bl-metalism and base its monetary system upon gold
alone, following plan evolved in Threadneedle Street
century or more ago, and persisted in with con-
TINA propaganda wherever British banker could
get hearing and make himself felt by another bank
er or business man, in any part Of the world. By
that gradual encroachment upon bi-,netaism. with
its final obteration the bankers of Great Britain
laid the entire world tributary as effectively as
though done by invading fleets and armies.
Nor does the American public understand clear
y how the United States was tricked into that very
CONSPIRACY to demonetze silver and put the world on
gold basis. at the behest of British bankers
Until 1877 the minis were open to coinage of both
silver and cold at rsaritv Of 16 to in the United
States ANY owner Of gold bullion of certain fine
could take his bars to a int and have them con-
vertod into CONS of whatever denomination desired,
receiving the coins If the gold needed refining the