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The Silver Standard in Mexico

The Silver Standard in Mexico


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1898 edition. Excerpt: ...fatally and definitely, or does it not admit of any remedy or relief? You seem to think so, but I, for my part, am not yet convinced of it, and independently of any opinion that may be had on this important subject, many powerful reasons exist why Mexico should not change its silver monetary unit, at least whilst some of its economic peculiarities remain. " In my answer to Mr. Jacoby, which you read, I brought forward and tried to give in detail the two sorts of difficulties that would beset us in order to exchange the silver for the gold unit. The first of these difficulties involves the means to procure the necessary gold for our circulation, and the second (and evidently the most serious) almost borders on the impossible, for it means no less than the necessity for keeping the gold in the country and suppressing its exportation. " Mexico's commercial balance is very unfavorable, its exportations far exceeding its importations, and besides the value of these latter it has to pay in gold the service of its foreign debt, the interest on its bonds, its railroad dividends, and those of many other industrial and mining enterprises, which have been established or are worked with foreign capital. In favorable years this unequilibrium is partially neutralized with the new European capital coming to seek investment in the country, but this compensating factor disappears completely in feverish times, and, moreover, when silver is suffering continual depreciations. " Well, taking altogether the exportations necessary to pay up these various sums: silver represents from 55 to 60 per cent., and the remaining 45 or 40 per cent. other products; in other words, 65,000,000 of silver against 45,000,000 or 50,000,000 of all other export articles put together. ..".


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Product Details
  • ISBN-13: 9781151379559
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 32
  • Spine Width: 2 mm
  • Width: 189 mm
  • ISBN-10: 1151379557
  • Publisher Date: 08 Jul 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 77 gr


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