Show MEXICO PROFITS BY SilVER JUMP Banks of Neighbor Republic Filled Filed With Pesos Worth Double Cost That Mexico will wl reap big profits from the remarkably high price of silver siver is evident evident evi evi- dent from reports that are coming from the southern republic Bankers Dankers and other speculators in Mexico silver siver pesos in Eagle Egle Pass Laredo Lareo El EI Paso and San Antonio Texas Texa and In Mexican cities cites are ae realizing enormous profits from the big advance that has recently been made in the price of bar ba silver The fact that tha at the time most mot of this hoard of Mexican silver money was i I bought tho the price was as low as a 32 to 38 cents and that the peso is now worth more than 75 15 cents is bringing to the tho hoarders of or wealth great profits In some of the banks s in the border towns of Texas the vaults are literally full ful of Mexican Mexica pesos This wealth aggregates many millions may of dollars As a result resul of the advance Inthe in inthe inthe the price of bar silver siver from about 68 cents an ounce at which It I was selling a year ago to the present figure gure of more than I 95 cents an ounce many of ot the hoarders of the Mexican pesos are arc finding it I to their to convert the mon money y Into nto bullion bulon i 61 r 11 Heavy shipments of the pesos have been made from the different border towns to New York during the past few weeks A As a result of the activities of speculators in the United States Mexico has been literally drained during the past few rew years of its silver siver pesos Besides the he enormous quantities of this money that hat have been shipped to China where it t is in general generl circulation all al available stores of the coin held by private prIvate Interests interests interests inter Inter- ests in Mexico have bave been sent to this side of the border 1 During the early part of the revolutionary revolutionary I period and in fact until about two years ago the wealth of a great many people in Mexico was converted from currency into silver siver pesos Enormous Enormous Enormous Enor Enor- sums of this money went into hidIng hid hid- Ing ng and It I gradually became scarcer and scarcer until it has almost gone out of use as a circulating medium in that country countr Now that the price prie of bar silver siver has hs hsI I advanced to the point that makes the bullion bulon worth more out of the pesos than thanin in it the Mexican government is confronted confronted confronted con con- fronted with the possibility that its silver siver coinage will wl be done away with There is no means of preventing the converting of the pesos into bullion and in view of the fact that such enormous quantities of the money have already left lef the country country country coun coun- try the situation is made all al the more acute In order to bring about an increase of the production of or silver in Mexico the government of that country countr Is said to have under consideration the offering of I unusually liberal Inducements in the way I I of mines of this character It I Is stated th that t during the past year that country I only produced about 40 per cent of its Is normal noral silver siver output By Dy bringing the yield up to what It formerly was wa the de demand demand de de- mand for the metal will be met to a considerably greater geater degree than it I Is Isnow Isnow isnow now it is stated |