Show ISAVEL IN SIWARD COWARD B S LIGHT investigating THE THEIR IR MONEY SYSTEM has bi worked a ye wonders Wonder erfal 1 change for the would result in ot of a series f of interesting Li etten I 1 96 by chicago press presa bureau el paso texas july 4 1896 that the money question will be paramount IQ in the approaching election azre who have studied the action sli n act of political conventions con mentions thus far hell held tte have bave been made which will e repeated to avoid the issue but avail the issue is before bout va ts as a great battle is on to be fought by and I 1 trust settled with a assion 1 us s sion balick 1 most anost local conventions held the las been smooth until the financial arg abin plank was launched and then sud I 1 clouds arise as from a clear sky d egv F increases as the wind veers te e taj dionn M j fund from frol ever every quarter of the hall la 14 iiii the tl safety of the trusted tark wh ch carried them to v victory through so a many political storms beyes acm mes a question of grav gravest pst co cern the danger of these oi gl crafts increases with each hours ilanon but if their rotten timbers pie N ay a ind baid the old crafts sink to rise rift so 01 nore their crews will live to build rafts better prepared to meet tie the dera ands of the present days chic win will prove beneficial to the nation money lovers no 10 leuon is of equal importance to tte money living and moneymaking money making americans american as the question of thir th ir mone fr for aich they strive vigorously by day and dream arn of by night money ioney thai tha which exchanges for the laborers dall daily toil and the product of tie farmei and manufacturer is of absorbing interest to every citizen aroa the child who buys candy with is firs erg penny to the millionaire who d in money em exclusively elusively that all vasi sound money there there can be no q adon Ct lon but we may nt not agree as to 10 at is is sound money herp her the qu nation stion arises does the scarcity of a etal make it sound or does a more supply of another metal make i i un ue lurid does not the necessary mount of ohp best money we can connol t ns itule sound ni money oney john C aalholm Cai boin said in the united states senate te march 21 1834 if we turn our attention to the laws which govern circulation we shall find one of the important to be that as the circulation cu ru Is increased or decreased the rest of the property will all other tings things remaining the same be d decreased or increased in tue T ue exactly in ia the same proportion it would sam then that in order to have sound money we must have a fixed supply of money that its purchasable value will rot not change I 1 ask you to not te difference between a fixed and EL a fixed amount monetary question is of such im e to our prosperity that all who understand it approach its discussion wilh great caution yet it is as easly easily solved I 1 as are any of the great ques of commerce financial it t I 1 is extremely unfortunate that a qA bastion stion of zo so much importance to our poop and one purely economic bis be lowered into the slimy pool of bucs and after being made the foot tl till of 0 political parties during a campa ga of heated and possibly gi g i i discussion controlled perchance bj tle tie party using the most money ath A which to lubricate party machin tr aad run the band wagon A queries of such absorbing interest should f r be placed in the hands of an able obest hollest nonpartisan partisan noE commission ef f til known patriots with power to I 1 frilly r investigate the question and publish their conclusions that our people night oain intelligent information to gulde them when striving to accomplish the greatest good for the greatest number the he opposite course seems to ill the ac action jon of our government boffl Is probably the ablest monetary gussion ever held was that known a the brussels conference in which th ablest monetary students of this ina v other nations of like rank took part ak A full report of the proceed 1118 tollof of the conference was published by V os government and after a few copies ete e distributed the balance was vir ably 17 suppressed it Is practically ilOs possible sible to obtain a copy of that in T cable report from a government boffl v cal A friend persistently searched 11 w arious with departments for days 01 c avail ah when he learned they could be a obtained at a secondhand second hand book rore bore e where he bought one for rests ket with the tb people 11 our country the intelligent a and i nd tive masses in the walks of me hold the balance of power in all reona forra movements this class clasa to Is dying the cause of the present de passed essed condition and Is clamoring to instructive and reliable informs ill on bearing on thi this 9 subject that atch h information is withheld by our government Sovern ment is a disgrace to a nation which gucfa claims to have made every rea aaboe effort to secure international bimetallism because of the inability w to obtain official acial information bearing pon the question and in response to the unusual demand for it I 1 was oom 0 ri Milled to visit mexico in search of lad flu to rep report ort weekly such information aa 4 may day there ther e be found as to the de debility city of increasing aur um by silver in Obed leace to that command I 1 am en mute ro to mex mexico with a view of awer all als conditions existing there and them with those of nm tm ten lad twenty tanty years ago that we may ay as if mexico has maintained aei ve commercial position with botker I 1 l aaa mid if a whet it U i fiz fl 1 I ka A all 7 taz ir is tt j 11 vL Z haa baa been advanced or retarded by her monetary sy system stera in the discharge of I 1 these duties I 1 shall interview her most prominent officials and citizens ot of I 1 I 1 every profession and faithfully report repol t their views and experience in transacting business upon a silver standard not that our countrymen propose placing I 1 their government upon a silver basis but with the view mew to aiding them to determine which is the better course for the united states to pursue viz continue on the gold standard as now or go back to bimetallism as it existed from 1792 until as 3 clala of f G gold 11 the claim is made by the gold standard advocates that to increase the use of silver in our currency and open our mints to its coinage would endanger enhancer en our financial standing and precipe precipitate tate a violent panic those these favoring an increased use of silver claim the panic occurred when the india mint was closed and the sherman law repealed aled thereby uniting the demand for silver causing a scarcity of circulating medium depressing values causing g a stringency in the money mone market that continually grows more acute and the end is not yet in ia gathering and transmitting this information I 1 hope to throw such light on the subject as will enable a large part pan of our fifteen million voters to approach the polls in the tall fall elec tion more intelligently prepared to cast their votes upon a question of first importance to them in addition to the financial question I 1 shall take up the tariff question as operated by the mexicans and show how it effects our trade an export trade to that republic an important change in their tariff laws went into effect july jul 1 at which time interstate tariff was discontinued which ma may facilitate exportation from the united states pres president diaz and cabinet have ion long g favored d this change of tariff laws las but it could not be accomplished until their constitution was changed by a majority vote of all the states the repeal of all interstate ter state tariff laws will a ill necessitate changing other laws and will prove proe of great benefit to the republic at present land lying ling outside of incorporated cities pays pas pa s no taxes it is said n no 0 taxes are pai gaiu 1 1 by b a foreign company compan which owns ons fully two fifths of the state of chihuahua which is the largest state in the republic returning to the tariff question I 1 learn lean ur balance of trade against mexico exico Nl us atai foi formerly merly 35 a year vear but it has been gradually changed change d until luring during the year it was wa 13 00 UCO against us claims of silver advocate the silver advocates claim ih ls s balance was turned against us through the operation of exchange as wrought by bv the depreciation of silver which en coura cou rages exportation from mexico and discourages importation from all gold standard nations upon my mv arrival at mexico city I 1 shall have access to their statistics after carefully investigating 11 the subject I 1 will report further as well as upon the statement that other nations enjoy more favorable treaties governing exportation than we before B entering upon the study of these economic questions it may ma be profitable to refresh our history of mexico 0 and briefly bnell study stud the conditions surrounding the republic the settlement of mexico greatly antedates that of the united states and notwithstanding the fact that it joins us for more than 2000 miles on our far southwestern border and separated from us only by an imaginary line a great part of that distance the average american knows less about mexico than many of the nations of europe from which we are separated for more than four thousand miles of sea lea and land mexico is composed of twenty seven sev en states a federal district and lower california it is about 2000 2 miles long north and south and miles wide east and west with an area of square miles which is more than ten times the area of the combined new england states she has over oer of coast line and a population of about or about one fifth as great as the united her constitution was copied largely from ours and adopted in 1857 feature of mexico in her forests foreste grow most of the hard woods moods so valuable for manufacturing purposes such as mahogany rosewood ebony and oak when the monterey and gulf railroad was built ebony was used for crossties cros sties and mahogany maho gony for bridge timbers until forbidden by the government agriculture horticulture and live stock furnishes employment to most of her people in most parts of the republic artificial irrigation is resorted to if good crops are secured the climate of mexico may be divided into three zones the hot lands of the coast tierra callenda cal cali lenta enta the temperate lands lying from to 6 feet above the level of the sea tem t templado emilada em plada and the cold lands which exceeding feet elevation are at an tierra flerra tria fria in the hot lands the ex beat is degrees fahrenheit Fahren helt the same as registered at el paso for three days past on the high lands cold Is 20 degrees above while at the national capital situated at an eleva tion of feet one and one third miles greater than our national capitol and fifteen hundred miles farther sou couth th the mercury ranges between sixty and seventy degrees through the year may and june being the hotter months month s the hot re region gion grows cotton vari vanilla fila hemp pepper er cocoa oranges bananas i indigo rice and other tropical products in the temperate region tobacco sugar cane and ws coffee gro such and cereals as thrive in our ch traits fruits I 1 anthem states in the colder reon region southe and d the potatoes fm grows wheat corn of michigan als wacon and cereals sn and illinois in her northern water Is supply of gwm where the emited they raise chiefly live stock nr her most profitable indus is mining mineral al alt chuh and gold silver is W her fod chief in I 1 i 11 04 i Q 51 A i 41 4 1 I 1 1 IQ t 5 r R 5 g 24 VAN I 1 I 1 titles it Is said that the 1111 mines e mexico have added to the wealth tt of t tl world upwards of w I 1 is more silver than is now use 1 1 money by all the nations of the 9 gl L it is a curious fact that the orna I 1 by the native kings and aristo aristod 1 were all of gold which si suggests L thought that they mined tar far to r north in those days or that the veins of gold then mined have since been lc lest lct t in 1894 our american consul reported that all the coal used in the state of chihuahua was rained mined at trinidad colo coal of an inferior quality is nor no K mined in the states farther south but the want of fuel throughout the republic will prove a drawback to the development of her otherwise wonderfully rich resources in the state of durango on the western gesn slope a mountain of iron is found from froin 75 to 90 per cent pure metal which it her present rapid development of resources continue will soon be utilized two Dol dollare larmi Arne american rican and mexican As I 1 went to exchange my american money tor for mexicans canI soliloquized thus for one american silver dollar I 1 will buy two mexican dollars lither either of which will contain more pure silver than the one I 1 give up now lf if I 1 apply the hammer test to the three dollars exchanged by a single stroke upon each I 1 so change their value that the mexican dollar becomes worth more than twice as much as the american piece which I 1 gave up but I 1 salilo quizzed on and asked myself who created this flat in the american dollar the anscer came to me certainly not the silver men for they are in favor of opening the american mints so silver will go to par and that would take the flat fiat out of our dollars we are told that when silver was demonetized de the bullion in our silver dollar was worth about three cents more than the bullion in our gold dollar and so I 1 reluctantly reached the conclusion that it must have been the acts of the gold standard men when they demonetized de silver ilver in which d destroyed es troyed the coinage demand for it and as bullion it fell in price then they put the flat fiat in it 11 when nv cn they legislated to keep it 11 on a parity with wih gold naich has since doubled in price an Arnul nc incident I 1 find many old friends here one of whom in i I 1 ime me to i it guaraz chor 1 ez e z and receive my L first st object lesoon lesson As we en entered terel the strict cars he said we have two street car lines crosing cros ing n the border one chartered and owned o ned by the americans the other by the mexicans the fare on either line is 50 10 cents Patron patronizing izina our line we pay american money and on the mexican line mexican money we lve will go over on the american line when there we will buy a glass of beer and pay for it w with I 1 th 10 cents of american money and receive 10 cents in mexican money an fn n exchange which will pay our return fare the experiment was tried we invested 20 cents with which we paid two 10 cent fares and 10 cents for a glass of Mil milwaukee ee beer the bed of the rio grande river at this point is dryer than the streets of el paso which are occasionally sprinkled the cause of this serious water famine was the subject of international investigation during the past winter which resulted in the mexican government filing a claim with our government for for damages caused by a violation of the treaty of guadulupe hidalgo of 1848 the claim was for damages sustained by mexicans by being deprived of their riparian rights the claim is in a fair way of adjustment by the governments joining equally in the expense of erecting a sixty five foot dam and a reservoir which will be fifty miles long and will store all the water that will flow into it in a year it is further agreed that the water coming down the river one third shall go to the mexicans one third to the americans and the remainder to flow down the stream lo in and about el paso pano el paso is rather an attractive city of inhabitants her chief resource is her very attractive winter climate which affords a hospitable re trat for thousands of invalids from the ohp northern states during these months I 1 found a very decided silver sentiment among her citizens the |