People's Pilot, Volume 5, Number 10, Rensselaer, Jasper County, 29 August 1895 — Mexico and Its Silver. [ARTICLE]

Mexico and Its Silver.

The Review of Reviews for July, in editorially reviewing the progress of the world, discusses the situation in Mexico. It shows that the silver mines are working quite prosperously, and that the various state and national mints are busy coining Mexican standard silver dollars. In the ordinary transactions of the Mexican people there has been no disturbance in values, and the silver dollar will buy as much labor on the one hand, or as much food, house rent or common clothing as it ever would. The Review says: “It is obvious that this condition of things, however, could not be favorable to the Importation of foreign goods; inasmuch as the Mexican silver doirar when applied to the purchase of commodities in gold-standard countries has lost almost or quite half of its purchasing power. Consequently, the monetary situation has acted as a protection and stimulus to Mexican home industry, and many things which were formerly purchased in the United States and Europe are now being produced on Mexican soil. In all candor, after some examination of the question on the ground, we must confess ourselves unable to see that Mexico is placed at any serious disadvantage by her continued adherence to her single silver standard.” Ia stimulating home production the silver standard is certainly most beneficial to Mexico. The country is rapidly coming out of her financial difficulties et a few years ago, and has enjoyed nore prosperous times during the past fw than at any time in her entire Mctory.