The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-11-20
M E x l G O !.

wi + X e -
Preservation Of Business-Tbe Causes-State
Of the Cotton Trade and DInnufncturc-WOoi
md NEUTRALITY-SUSPICIOUS. Of the Drug
acknowledgements OF the Statc
Of Tabasco>-Mefal Exports-Dry Goods
IIirhIy Interesting 60 Commercial Men.
MEXICO CITY, Oct ~, 1893.
Merchants who have resided and who have done
business in this capital for thirty and forty years de-
care that during and after no revolution has there
existed such utter prostraton Of business as prevails
In this country to-day. Some attribute 1t to lack OF
confidence, resulting from bad legislation; others to
the want OF such healthy legislation the interests
Of commerce Immediately demand; and other O.,
again, to smothered fire OF revolution, which dis
trustfu merchants and capitalists in tho interior
imagine or believe to exist. At present there ap-
pears to be no just grounds for anticipating any i'm
mediate successful revolutionary outbreak, although
1t may be true, as the history OF the
country points, that the acorn OF discomfort
often becomes the oak OF successful defiance
almost in single night But the merchants
OF Mexico should have become accustomed
to all manner Of surprises for having cast their lot
here; they figure upon frequent changes In the gov
eminent and the consequences thereof and have
only themselves to blame il they counted too POSI-
lively upon continued holiday OF money making
after the restoration of republican Mexico.
1t answered the purpose Of the struggling nucleus
OF republcanism to encourage merchants to aid the
oppressed cause by painting pictures or untold con-
tinuous prosperity. Why should not the man Of gray
hairs build air castles as well as the boy in his
mothers nurserys 1t Is pleasure for both. The
feast OF continued business prosperity having failed
to favor us, capitalists seem mad, and in their in
sane cutchngs Of their boarded gains they threaten
with destruction old business houses by refusing the
temporary loans which the vlcssitudes Of business
in all countries often make necessary with the most
reliable firms. Capital which two or three years
since was seeking investment at reasonable
rates Of interest Is hid away under bolt and bar and
is denied to many anxious merchants who would
gladly pay one and half per cent per month for its
use. In some instances for particular friend after
a most searching investigation OF the books and con-
dton OF house. loans made at on Increased Der
centage. Merchants are looking anxiously in all d-
sections Tor help, and desperats they pray for the
which direction they will come.
COTTON.
One of the cotton factories which suspended ope-
ration some weeks since has recently recommended
work the operatives accepting me reduced price OF
%. Cd per piece, which the proprietors declared
their interests would only allow them to pay. The
renewal was. however attended with much difficulty,
violence any OF their number who should give way.
The first days work was begun with less than dozen
operatives, where but few weeks since hundreds
were employed; but the number has increased till
now over hundred are employed, q portion OF
whom are new HANDS and others from the factory
still closed at Puebla Peace has been so far secured
by guard OF dozen or two OF soldiers who are on
the premises day and night. This factory, which
at Tizapan and under the administration OF an
American Mr. Dodge. WIN soon be in fui operation.
with new set OF operatives-at least with the NAL,
contents weeded out. The establishments at Tlapan
and Contreras have not started, nor have those OF
the neighborhood OF Puebla closed In consequence
OF rentlng with new machinery.
60 a nj rQy w i'm 10 y1nu 1v
credit OF four and SIX months deductng often ten
to twenty-four pounds per bale Tor tare. The last
sale made OF good Texas cotton was at twenty-stx
cents per pound in consequence OF the closing OF the
factories and there being no demand. New Orleans
above the shortness, OF the staple OF the Mexican
cotton makes mixture OF American cotton neces-
s oSSn II FROM 81
months, is as follows:-
"a. n,.,u.. 49, Bales
Via Vera Cruz. IL. 900
wool.
Mexican wool is most inferior, when compared
with that Of any other country owing to the entire
want OF in the breeding OF sheep and the treat
ment OF the fleece. Washed wool Is comparatively
iates upon loss OF an average Of forty per cent N
weight in the cleaning and washing There are here
two clippings annually-one In August, the
and one in March, or the drv season.
The price ranges rs follows, according to
quality and ceanlness:-August Clip thirteen to
eighteen cents per pound; March clip fifteen to
eighteen cents per pound. The amount used an.
nualy In the five or six large woollen factories OF
the country reaches near 8 coo O)D OF pounds while
the smaller Establishments AMI hand looms increase
the demand, perhaps 900 OF pounds more
There are, believe but i've or six estabishents In
Mexico where wool is worked up into cloths-one
Is the city OF Puebia another near or at Con-
treras and another In the district Of Talucpan State
Of Mexico and known as the woollen factory Of san
Ildefonso. The latter establishment is probably the
largest IN the country and Is as well Conducted "a
any In this country many 10 be found in forern
lands The factory Is situated north az the city IN
Mexico, disans about twenty miles and was con-
structed about fifteen years ago IL s inc pronerty
OF an English nrm-Messrs Grant Barton 4 10 =
and Ii managed almost entirely by Enulish snnern
tepdents and master weayer, me climate IA eycai
lent che works being above the valley ~ MeyIcn
The number OF Operatives cnuloyed when nnIer
full way fs 500 10 s10 jnclnd,n1 mon
women and BOYS and tba Iuachinarv IL