New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-09-10
MEYICO'S PROSPECTS.

Btcioaa LITTER 10 The Tray Times.
I had the exceeding good fortune while on the
train to meet a most polite and well-lniormed
Mexican gentleman. Jose Vi. ORTIZ, Of AlamoS So
nora. Mexico a brother of the Governor Of sonora.
We had long convorsaton about oid Mexico
prospects. lie told ne Mexico was waking up to
the needs of latter-dav civilization. 1t mad no
banks up TO last February, whom the Mexican Gov
eminent gave a concession 20 Ircnch bankers
gave them the privilege of Issuing blllS To the
amount OF TGO,OOO,000 aud promised to give the
bank The business of the Government Offices. In
return for the concession the bank gives Inc Toy
ernmrnt credit OF SlO,OOOOOO.
Seucr Ortiz.said that there was now no further
lea of rcvOlut on rs vi this large credit the Gov
crnuent could at once fad means 10 pat down an
UPRISING. In the past the difficulty has been thai;
the Government had nothing IN the treasury with
which to equip and pay an army. The RePub!ic Is
row safely founded, and Will he preserved. as the
public like il and want IT perpetuated senior ORTIZ
says that he and his brothers have also recently
founded bank IN sonora. with capital OF
S5OO.OOO One-!ilth OF which IS held by boston
parties. go,
the clects OF the last revolution. but within two or
three years Il great change i expected. The new
system of railroads connecting the United states
and Mexico will he finished within eighteen
months and they will undoubtedly give great IN
Tctus trade. convenient markets. VIII be opened
by them. Great quantities Of lumber, cotton an Il
grain lie thinks will be sent TO TINS country. The
Mexican tobacco and coffee, ne saws are the finest
in the world. and these 700, Will seek our marts.
At present does not pay to rls@ wheat on account
the expense OF shipment ana tue lack Oh ucuahl
for il at home. Hence the large area OF unCulti-
waited land Not one-trnth OF McAicO's arabic lands
is under cultivation. Senior Ortiz has tract Ct 200
square miles. and only utilIzes two miles of 1t.
SQUARE II lie Of land can lie bought IN some places in
Mexico for 500, and the price ranges from that mp
to - per acre. Irrigation IS necessary to raise crops
but there Is plenty OF water ID many places from
which to run G!tcncS ana canals
What Mexico needs, he says, Is immigration, and
to meet tins necessity the Government is hard It
work. It recently imported 1000 Italians, Swcdes
aud others from Europe, giving them land on long
time credit i'm South Mexico. IL * expected that
they will send for thciI friends and relatives, and
that in time they Will develop into very large
colony.
The Senior said Mexcar5 wished to be friendly
with Americans and prefer 10 transfer their trade
from England 10 the ntcd States but they fear
ihe American people may want IN time 10 annex
Mexico to the United States and desPOil tie McNl-
cans OF their lands aS the Spanish MoXcaHs were
dcspOiled by Caliicrrlans. At present II requires
six months TO receive an invoice of gGOda from Ing
hand and. as q consequence, long credits to MeXi-
can merchants must he allowed and very large
orders must he given by ne latter to maze mp
ship load Of goods When the railroads 10 the
United States stall he finished, orders can lie til led
from New. York within thirty days, and Instead of
heins compelled 10 purchase frcm Sljo,0pO 10
5000. OOJ worth OF goods at once thc Mexican mer-
chaUt can order - 900 worth from time 10 time rs
uecded sending the order 10y telegraph and having
the goods quickly ralirOaded.