The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-10-01

buildings, for the year 1880, will foot up an
enormous total The Chicago Il Western
Indiana will have expended, by the end of the
year, about 81 100000 The fvo roads which
are TO o cupy the Union depot on Canal
street ave eNN"n1irg upon that improve.
mrn+ over Sl005 900 The Chicleo d.
Nota"rs.erG i, ,,Inmg 100000 INTO a new
d PIT oul,oiuS al huzia and Wells treet,
Ih, Chicago, Burlington u Quincy COMPANY
has paid out over 100000 rsrounds south
OF Harrison street aud west of the river. The
Illinois Central, in addition to the $50 600
expended IN extending and otherwise smplify-
Ing It's suburban line, is putting $1,000 into
dock improvements and viaducts. There
are many other smaller expenditures 1t is
probable that the railroad companies will
spend about 100000 in permsr ent i'm,
provements in Chicago in the year 1880
Two letters from General Grant to Senior
Martias Romero, formerly Mexican minister
at Washington, and more recently member
OF the Mexican cabinet, are published in the
Mexican FL Nscional OF Sept 9. In his first
letter he writes that he has had many oppor
tunites to speak with prominent men in ref,
erence to the relations existing between the
Two republics. He says: There is not the
least doubt that if Mexico offers oppCrtuni-
ties to capitalists to construct railroads Of the
utmost importance to the country, they will
be undertaken by gentlemen who have the
capital and the resources to construct them in
the lortest possible time and without the
enormous subsidies heretofore paid for this
object; and that within short time they will
bring the City of Mexico, by direc. rail,
within six or seven days of Now YORK. No
one can calculate ths Immense advantage
from this which will r,sulLto both countries.
Mexico could send to the United State each
year S200,000,000 eli her products, tropical
and ymi,lropicsl, and could produce, besides,
the same quantity for other markets. The In
come of the Republic would augment
from Sl6OOOOOO to SlS.OOOOO, TO
$50 100000 at least without IN any way
adding 70 the burdens of taxation.
confess tina; much depends upon the
result of the coming elections, which, if
p3ac9ably settled, will assuredly produce
these great benefits. | srdently hope that
this will be the result. Writing from GyS
lena General GRANT says; Esteemed Sir
Your favor Of the l7th May was duly re.
ceived, There is now no doubt that the
work of the railroads will progress rapidly,
and that Mexico will commence to enjoy
progress admirable ard prosperity extraor-
binary If we could in the Jnited States
bring in the most important persons, we
could form syndicate which coGld carry
through these enterprises without the con
ditiOns which will now be necessary TO uh.
dertake lhem but my idea is now for the
government to issue bonds al per cent. per
annun', organizing liberal System of bank
ing on this basis, which banks will issue notes
receivable for all public debts, and thus pre-
ser the paper money at par, which will ia.
clitate the building of the roads and pre-.
serve the national credit. Mexico could
thus, in few years, from the products of her
soil, export $500 900 900 in value per annum,
and receive in return The products of our
manufactures. But if Mexico can preserve
her precious metals in addition to her other
productions she will enrich herself sufli.
ciently to obviate the necessity of foreign
impoH4tions. can only repeat that if Mex
leo cNu peeceaby elect her new president
wi bout revolution, it IS certain that her
prosperity ~ i'll DO secured, and that both re-
public' will unqueationebly be the recipients
Of benefits Please express my views to the
parties most Interested
The construction Of soma sort Of trauscon.
tinentaI Caua ian Pacific railroad is regarded
in CANADA political if not u business neccS.
sily, When British Columbia Joined the
Dominion Of Canada, in 1871, one Of the
articles Of confederation stipulated thst The
government of the Dominion should begin