Show MEXICO'S PROSPERITY S SENATOR TELLERS TELLER'S REPORT U IB Ie s Pound Found the Land of or Free SUTer Coinage Coinage Coin Coin- age Increasing In la Wealth Growth Wealth Growth of or Manufacturing Senator Teller who has been in n Mexico for recreation and to study tho the money question returned to Washing Washing- t ton on en a few days ago age He reports a cordial r reception from President Diaz Diar and o ther other officials In an interview he i poke of Mexico's prosperity as follows fol- fol l lows Mexico is enjoying a greater degree degree doree de do- gree ree of prosperity than ever before nd m d th there re is a very hopeful feeling i imong mong the people both native and r Foreign as to the future futuro l L tures ures are springing up everywhere r rho he ho country has made great progress i in n the industrial arts and pursuits durlIng dur- dur lIng i ng the tho last seven or eight years and i ill ll the foreigners that I 1 met said that he the t progress made in that time was p phenomenal and would continue The Tho h high ligh price of exchange has stimulated t he tho production of many articles not heretofore produced in Mexico and will largely stimulate tho the export of agricultural ag ag- r products This is particularly l arly arby true of coffee and I found quite i a number of American and English who arc are putting their money i nto into coffee plantations But Dut it is luite apparent to tome me that the greatest field for investment is in general manufactures man man- including the production the of cotton and woolen goods as well as ashe ashe i he manufacture of machinery of all duds and classes The present present production of silver silvern i in in n Mexico he said now amounts to bout annually and I do dolot dolot lot believe it will diminish but rath rath- tr r expect to see it increase There is isi i 1 desire desiro to see the tho United States take sold lOld of the silver question and settle t t. t I visited a very large cotton mill hero here that had spindles and 1000 looms with all the modern appliances ap- ap and 1 was quite surprised to learn earn that most of the cotton being was from Texas I I visited the tho mint in Mexico avery a arery very large establishment which has hag t I been een in operation a great many years m sad ind has produced silver more ore coins coin Ia- Ia than ban any other mint in In th W rh Chey rhey y have no gold in circulation but bu I have bave lave bills tho the same as in this coun country rl Silver is the general circulating me- me Hum and is the standard of value has been no falling off of prices in n Mexico as has been tho the case in the tho United States for the last twenty years fears and prices have been practically stable except as there has been some slight increase because of the tho increased activity of business which of course has bas us a tendency to raise prices of products products products pro pro- ducts as well as slightly to raise tho the price of labor but not very much I II I I |