The Daily Oklahoma State Capital. (Guthrie, Okla.), Vol. 8, No. 148, Ed. 1 Saturday, October 24, 1896 Page: 3 of 8
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I AM HERE TO STAT IN THE
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IJ V./ JL 111
Right Now You Should Order A
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HEW FILL SUIT, OVERCOAT OR
jfrEI 8 *\, .
:\'hnr
t smisi mi u nnm
E L. COHEN,
Then You WW Be Right
No. 214 Oklahoma Avenue,
SAM'S AMERICAN SCHOOL,
Free Coinage Monometallism in >lexico.
Joseph Limnntour, the Mfxicrii minister of finance,
in a recent interview in the >>Vw \<irk Sun in August
last. Sfiid:
I •
g^SSdrtiultffe0 milS.o5St of silver « the l nit. d States. 65.000.000c
oo.ooo,oOO ounces.
"iir The experience of the United States ought to be
sufficient on this subject. It is useless to rehearse his-
( torv which is familiar to all of us and which I have fre-
quently alluded to in these addresses. It is no longer a
question as to whether bimetallism can be had without
concurrent action of other nations. We now have it—
and independently. It is very doubtful whether, if the
leading nations of the world were to attempt bimetal-
lism by unrestricted coinage of both metals at an exact
ratio, whether bimetallism would result. It would prob-
ably take an agreement embracing almost every nation
of consequence. As long as ratios vary in different
•countries the metals will shift. Silver will always go to
the country whose mint offers the most, and gold will do
likewise. The American pfople want neither silver mono-
metallism nor gold monometallism. They want true bi-
metallism—the same kind we now have. _
Some Myths About Mexico.
The silver monometallists have a great fashion of
declaring that the Mexican silver dollar is worth 1UG
' /, cents in Mexico and will purchase there as much as an
American silver dollar will purchase in the I nited States.
It is useless to dwell upon this argument further than to
say that if this is the case, what are the silver-mine own-
J|4L ers of the United States complaining about? They can
^ take their silver to the mints in < 'Id Mexico and there
\ tind unlimited mintage for it -get it stamped into Mexi-
can dollars. If those dollars, as the Hryunists say, will
buy as much in Mexico as our silver dollar will buy in
the United States, then the silver bullionists of the
United States can clear tifty-five cents an ounce by taking
their silver to Old Mexico for coinage, and then buying
the coffee and spices which are needed in the United
States and selling them in this country
But have you heard of any of the miners of tins
country sending their silver to Mexico to be coined? Not
at all. And'why ? Because, after they pay the cost of
* transportation to the mints there and get the stamp ot
the Mexican government upon it. the dollar is worth no
more than the bullion was before it was coined—has no
greater purchasing power. The fact that the siher
miners of the United States have tor years past been
Bellin<* their bullion at the market bullion value to the
United States and to other countries of the world, when
the mints of Mexico are yawning for it and are ready to
coin it into Mexican dollars at a cost of but 4A per cent
to the bullion owner, refutes all declarations that free
coinage in Mexico makes as good a dollar as the dollar
of the United States.
The mints of China have also boon open to tin-
world's silver. Have you heard of any American silver
miner going to China to have his silver coined and then1
purchase Chinese goods at the same price they con i >'
bought in gold and shipping these goods to the United
States for sale here? Not at all. And yet. if the theory
of the monometallists is correct if the purchasing power
of the Chinese dollar is as great as the purchasing power
of the silver dollar of the United States, you would hear
of no silver bullionist selling his silver at a less price
than the coinage value in Mexico or China, less the cost
of transportation and mintage.
They say the price of labor is higher in Mexico than
here, and that the laborer can purchase as much for his
dollar as ho can here. Have you heard of any American
laborers going to Mexico? If this were true, the three
million laborers in the United States out of jobs would
lose no time in getting to Old Mexico. A few are
going there from Europe, but none from America, and
the few who are going, are going as skilled employees to
work in the factories starting up under the high ore
tariffs established three years ago. Average wages in
Mexico and every other silver country, as the official
records show, are tifty per cent, less than in the United
States. Speaking of what is causing the recent, to them,
prosperity in Mexico, .Jose Yoss Limantour, minister
of finance, said in an interview in the New York World:
44 The country." said Mr. I .tmimtour, ' has now quite recovered from the
crisis of 1802-M. At that time tin- revenue on imports had pint- down to such
an extent and the noods that wrii imported had risen so in price that the < ov-
erninent budget was reduced lor lhiivi-3 by a third.
"After tin* great eii-"<. ho\\v\er. importations began to increase shm I\ ,
for the Mexican people aie vrrv Mr.uUnM in their devotion to toreign made
goods of every description. 'I hen. with the increasing revenue taxes, the <iov-
ernment became more ecouo'iiiral in all branches ot the administration, with
the result tluit there was a surplus revenue last year of !?">.500,000.
"The existing imo.! i oml - " - I i.e. e been the result ut mir high tariff on
foreign imports, wii.cii are m«w • at that all our national industries have been
great lv developed. Sib. t. i<m -.iron ioundnes and pepper lai tones ha\e
sprung up like magic all ovei " •• |)tr> in the j ast three yeara. We hu\e
every reason to leel much encmir;^. d.'
Free Trade H;is Cursed "Mexico.
Free trade lias been the curse of Mexico. It has had
eleven mints running for a century.
They have coined over SiJ.OOO.OOO.OOO of gold and
silver—the total product lias been nearly $4,000,000,000
in a hundred years— and yet today there are but $50,-
000,000 of silver and So.000.000 of gold in the country.
This vast sum has gone out to buy goods which should
have been made at home, Australia has suffered in the
same way. It has produced since IMS over $2,000,000,-
000 of gold. Today it litis but $ 100,1)011.(Kit) of gold in
its circulation. This great sum lias gone to buy goods
made by foreign labor. And the United States, in its
various free trade periods, lias suffered from the same
(oily. We have produced since IT!1'- >>f gold$2.013..'536,-
70U and of silver $1.2'.'ti,^50,000 -a total oi .'510.1^6,-
700 and of this amount we have coined of gold $1,755,-
813.703, and of silver StiS5.023.701 a total of $2,440,-
847.464 and yet we have in the country today but $1,-
200,000,000 of coin: a billion two hundred million dollars
gone abroad to pay for gnods which should have been
made by American labor—and $1,100,000,000 of this
amount gold; and this is not counting that which Went
out uncoined, as bullion.
[To be Continued ]
THE P0PDI.AB PRICE Til
GUTHRIE, 0. T.
Something New!
V AXDERPOor.'S
Drug Store,
Opened up with a Ireslt slock ot Drugs Medi-
cines, Paints, Oils, Window Glass, Etc. We also
have for your Inspection a Splendid line ol
fmcy smiomi;
To those who love a good Smoke we Invite
your attention our line of Tobacco and Cigars.
Embracing all the Leading brands of 5 and lO
cent cigars.
Corner "^Harrison and Seceinl St.
.$ 1,500 FOft $500
For Sale !
A full Set of
Abstract
Books
Decidedly the best plan for this county, the
easiest plan to keep up, anJ which are up to
date now and tln/iniujhly ni'mhU'.
Also directories or lists showing the names
and postofllce addresses of <100 persons who own
real estate in this county, principally in Guth-
rie, but who live elsewere; also a list of the
leading farmers of this county; also ~,000 real
estate investors of Kansas. Illinois, Iowa and
Indiana, through whom you can sell Oklahoma
property. Above directories enable you to /><-
rjlli /iMsiiii'Mc will all of the above parties ot mice.
These abstract books and directories cost
§1,500 and are worth that sum to any one in the
J[ real estate or loan business, as the.v place the
* best bargains in farm and !city property in 'his hands. During a bonrn
* heir nse would be worth $">00 per month, but the present owner is fori-
|ed to leave Oklahoma on account of sickness, hence this offer of WOO
* cash down for all of the above,
I c. J. YATES,
Beadles' Block, Guthrie. Oklahoma.
Logan Gounly
Ok'ahoma.
* REAL ESTATE AND
JABSTRACTS .
, MLjO rtMW I
**** *******#■•*************************+ ♦♦-*♦*******"
Hig « is a .ion-poisonous
remedy for (iouorrhfea,
(ileet, Spermatorrhie a,
Whites, unnatural dis-
charges. or any iuflamnta-
1 tion, irritation or uicen.
tion of mucous njem
branes. Non-autriugent
— Mold by
lent iu plain wrapper
Cl'KKh
1 U> 'i VH.
(iaaranu-eil
■trieturr
Prevents eouiagion
CINCINNATI.0
U. 3. A
t>y express, prepaid, for
ti .(JO, <>r oottl'cH,
lirculur nent "it renuesk
For the Free Silver rally and barbe-
cue at Orlando, Okla , Oct., 31 st the
Santa Fe route will sell excursion
tickets at fare and one third for the
round trip. Tickets on sale Oct Ust.
good to return until Nov. 1st, 1890,—
L. K. Dklan'ky. Agent.
fCV Chlchrntrr'i I ngliMi IHUBSnd Wi-mmI.
Pennyroyal pills
■ Original and Only Genuine. A
* $
SArc.'aJway* reliable. ladicb i
Pri.KnH U>T'<hn-hr*Ur «'• ♦* 1_
•• - 1 ' -i 1,1 ut«Ulllo^U
moitii Hrantl in Kcd ami ' ,
lioi' d. *i alt'd Willi I nM . Tnke
no oilier. Rr*i*r UaHy ■■ <<*
«> At KruiCKlMa, or
ii, kinini-a lor narticuiaM, texiunonlato u'l
" ltellef for l udle.." I'Urr. by return
r Mull. lO.OOO I.MH..O..I1.N r
fed :j .a Loc.1 UruggiiU.
There will be a basket republican
picnic at Case's grove on the Cimarron
river on the L'-d of this month All
persons are invited It will hi g.vuu
in the afternoon.
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Greer, Frank H. The Daily Oklahoma State Capital. (Guthrie, Okla.), Vol. 8, No. 148, Ed. 1 Saturday, October 24, 1896, newspaper, October 24, 1896; Guthrie, Oklahoma. (https://gateway.okhistory.org/ark:/67531/metadc104126/m1/3/?q=j+w+gardner: accessed June 22, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.