The following article, extracted from the Boston Herald" of the 19th ult., will be found of deep interest at the present montant some time the silverites in this have pointed to the prosperous condition of Mexico as a proof of what 'a country can do on a. free silver basis.
this "regard the evidence of Senor De Enrique C. Creel, a financial authority of nati 1 repute in that country, may be of interest. Tu his opinion, the evolution in favor of the gold has already started in Mexio, he predicts that it will advance and gain in strength from year to year. The reason for this is, im his opinion, that the relations with gold standard countries, the influence of for ign capital and the lit of the country all tend to induce the people to demand a gold standard, and it is only a question of time when. this demand will be se strongly made that it will have to be granted. When is til iilcome be could not say. It possibly he a dozen years or the present time he would uilveeatea change, for the result might prove a failure, and in such a ease trould delay the final adoption of the gold standard for many years more, But if Mexiew continues to increase her ratio of prosperity. and to enjoy the good goverament. which now there, he thinks the may. come even sooner than the limit "he sot. Mr. Creel quite fully into the reasons for a the monetary system, ich too fully for Among them, inay be mentioned the decline in price of silver, which, he declar the present hurting the general interests of Mexico, The agricultural interests of the coun: try are into two hisses, home snsumption and exportation, With the first class the price of silver is almost indifferent, particularly as the Mexican farmer consumes but a very small mount of imports that the alue of his dollar is only considered for home or domestic transactions, But the: farmer who raises for export is a strony advocate of the present system. pays his Isbour and many of his. other expenses in silver, while" he sells nets abroad for gold. This gives outage, and an advantage I hold to. firmly, if it is pos-howe i min pay for his help in silver double. the rte will have to pay in gold. From that time on he would be no longer interested inthe retention of the silver standard. With mining one of the great indus tries of Mexico, Inbour or wages represents n 85 per cent. of the cos while supplies represent only about 15 per cent., and here again the great bulk of the expenses is paid in silver, while the product of the industry is sold for gold, and in many eases the foreign owners of Mesi Tased on gold. lmads, tov, been built by outside capital to qu tent, and on these the interest i while their receipts are in silver states, this point. that he as been told. that' the Mexican luses $100,000 a for ever tot reduction per of silver ing a ing Mexican bus-to Mr. Creel, that the puntness do not have as much confidence in the silver countries they do in those that have the yellow metal for' their monetary standard.
For this
Text read from the printed page and cleaned; old type leaves the occasional error.