The San Antonio light. (San Antonio, Tex.) 1883-1886, 1885-09-24

ancient building"
TEXAS generally should remember that
Aransas Pass Is n yoclferous candidate
as deep water port. She does not
want nor need seven million dollar APP
preparation, but only enough to obtain
that object, and expects 1t. Texas has
wasted great deal Of valuable time by
allowing Galveston to monopolize the
river and harbor bill in the attempt to
get deep water, and when Aransas Pass.
whose merits are real as proven by the
Government work already done. puts in
her claim, it should be urged by all the
State.
President CLEVELAND seems TO have
fully satisfied party and public sentiment
by his appointments in Kansas, wherein
he has selected not only Democrats, but
men whose ability and integrity COM
mands the respect of every one. His
latest iirst-class appointment was that
of Mr.. J. +. Cottrell as postmaster at
Fort Scott. vice T. f. Boblcy.
resigned. Mr.. Cottrcll Is Demo-
crat Of the purc-t wafer and II repre-
sentative business man, whose 0p-
nointment will give satisfaction to all
Democrats and Republicans alike, be-
cause Of his fitness for the position.
There viii be no cause whatever for dis
satisfaction II MIR. Clcveland's future
appointments are az good. The mug
wumps even could not complain.
\ CORRESPONDENT of the San Francisco
Bulletin says that Brigham Young, Jr.
and his agents are busy perfecting ar
Engagements for Mormon colonization in
Mexico, and that, too, within the zone
wherein foreigners are prohibited from
acquiring real estate. They lease lands
for 90 years, and Introduce a clause by
which the lands are to be released to the
assignees or their heirs at the eXpira-
ton Of the lease for trilling sum. Had
they selected land in Mexico beyond the
zone they could have obtained better
land and better terms, and the infer
ence il that they desire TO erect terri
tory oftheir own between Mexico and
the 'nited States whereby they may, in
the event Of the American purchase Of
the Northern States of Mexico, have
location outriyaling that Of Salt Lake.
UNDER the head of disappointed in
yestors. the Dallas Herald Of the 18th
has nm editorial, rather severely critics.
ing President Diaz, Of Mexico, for his
friendship to railway subsidies ms n prl-
vate citizen, and his action against the
subsidies as President of the Republic,
and offers consolation to the capital
invested, "that 1t should have been in
vested in the Southern States, which
would have proven far more profitable
This is mistake in part, for had the
money invested in Mexican railways
been invested In the southern States on
| the same basis it would have most likely
proven a greater failure than it has in
in the Republic. The days Of fictitious
values are rapidly approaching
an end, and in the future enterprises
either In Mexico or the Southern States
to prove successful, must be capitalized
on bedrock basis. This is the damag-
ing mistake our railways made in enter
ing Mexico. President Dia2, MS pri-
waite citizen was enthusiastic for sub
sidy that would give to his country a
system Of railways connecting with the
| United States, knowing that If railways
were built on the subsidy and II small
| bonded Indebtedness, they would pay
their interest and good dividends (which
Of itself alone, would have given conf
dence to Mexican Investments, and a
regular boom would have followed, by
which Mexico would have received
millions of dollars for invest
ments in mines, manufactures
and every enterprise Offering induce
ments Tor investment Of capital, all Of
which would have largely increased
MeXicO's income, and enabled her to
have paid her subsidies. But instead,
the railways were capitalized at Il iic-
titlous value; no market for their bonds
at One-thrd and one-halt their face
value, which raised a question of doubt
in the minds Of capitalists and then
when coupons fell due, they deiaulted
on interest, and Il general stagnatior
followed, making Mexican properties Of
every character very ous;andMe
leo failed to secure the benefits from the
construction Of American railways that
she counted on, and had every reason tC
expect. Consequently She, like the rail
ways, having granted her subsidies on {
fictitious valued boom'to be produced by
the building of railways, had to meet tn,
financial disappointment and default OF
her subsidies. For the past year a 50
gold piece in Mexico could barely hay,
been marketed in New York stool
circles for 81. Mexico Is great coun
try, and her trade is worth millions I,
the L nlted States. But our capitalist
mus 60 at it on a business and bed-rocl
basis, and when this is done we will fin,
good dividends awaiting our capital an,
enterprise. with these facts our rail
ways are more to blame for their failure
in Mexico than President DiaZ Is, AM
should receive the criticism instead {
him.
! ON TIE subject OF "Women ut tn
+ Polls, the Chicago sun says; at is e1
e pected that 1000 or 5000 women in Bosto
s will this winter exercise the restrcte