Show the of mexico san fra francisco nov 7 J bf selbert seibert agent for wells farco fargo co C 0 at the tile city of mexico is staying at the iduas 11 house ou e from what I 1 hear mexico has bas not suffered as much from the prevailing depression eta the united states said bald mr ir sei set berttia bart to a chronicle reporter though I 1 a peak eak with personal knowledge of conditions arons in ill mexico only business is not improving in mexico bo however wever owing to the great depression in silver ruining mining thatis that is affecting all branches of business and is causing stagnation at a time when there should be general activity ce of silver mexico would beina be in a very prosperous condition crops are exceptionally bood but th the heavy discount on oil silver c clogs trade and paralyzes industry the railroads are having ng a hard lard time because they have to collect I 1 in silverano silv silver erand and pay interest on their bonds ingold in gold asit As it takes in silver to buy a dollar in gold you can see how the tile price of silver affects the tile railroads ordinarily they would be doing a prosperous business but tho the heavy and constantly ly increasing discount is making it harder for them all the time thile the government too is threatened with ih a loss of credit on account of the tile silver allver depression the national debt is pa payable in gold tha the government colle collects cis ats Us revenue in silver and hasto has to but buy gold to pa pay interest on its bonds As 8 silver iver continues anu es to fall this is 6 becoming a heavier burden the interest has lias thus far been promptly paid but blat it would not surprise me to see the government default soon if there is not a reaction in the price of silver taxes are about as high now as the p people can stand and every time silver takes ge a drop taxes n must 1 g go 0 up for the more silver it bequir requires t to b buy Y go gold atile the more stiver silver must be raised rais by taxation already there theire Is an auff influential n party in I 1 mexico demanding that the tile government default on the tile bonds mind you they do not demand repudiation bat but a cessation of interest payments till III the tile country is in a better condition to meet them there is no proposition that the debt shall hall not be ultimately paid but taxes are so heavy that many clamor for a temporary horary lightening of the burden I 1 have no 0 opinion p I 1 on to express as to wh what at should be done in the premises but only state a condition mexico is very peaceful and orderly I 1 think crime is not more wore prevalent there than here and life and property prop eity ar are e just 38 t as secure in in the city of mexico as in the city of san F francisco ranc iseo I 1 walk about ti the streets thare with the same freedom and security carity ge that I 1 do hare bore president diaz Is evident evidently lv the ruler for that country lie has done a great deal to bring the country to derand or inculcate a proper respect for the laws lawo gilels he Is in favor of public improvements prove ments and strives to elevate and edit educate the people |