The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1885-09-19
DISAPPOINTED INVESTORS

When the great rush OF American
capital went into Mexico few years
sinco for the purpose of building RAFT
ways and developing the country, the
investors and prospectors wero met
by the Mexican government with
open arms. Tho rosieat dreams OF the
Spectators had not painted such bon
anGns as seemed just within their
grssp,trom the generous receptions ac-
corded them. The government soon
voted tremendous subsidies to rail
ways, md tho Americans went to
work, aud soon gave our neighbor
some long and costly lines of road.
The president now, was thon an ex-
president, but all-powerful, and it was
largely owing to his influence and as
surances that tho subsidies were voted
and the roads built.
At the time, Mexico was in miser-
able condition financially. Sho had no
orodit, no prestige, no record to justify
cautioua man in the belief that she
could and would pay these great sub
Sides. Even her current expenses
were accommodating floating dsbt, and
her revenues constantly showing u &c.
felt. Prudent men would have hesi.
tatod, 1t would seom, under such cir
cumstances, before risking 80 much
capital in such country, but the
greed Of tho Yankee dethronod his
cunning, and no has got himself into
a bad box. Such u mass Of capital
nailed to tho earth IN such q country
as Mexico, In Its present fearful con.
dltion-cspital, In word, at the mercy
OF an irresponsible, unprincipled
bankrupt, Is serious matter for
Americans to contemplate.
At last the collapse csmo, tho very
man who had been chiefly iustru.
mental In securing the promises Of gov
eminent aid being the first
to repudiate the government obi
cations. 1t was hoped, however,
that In his message to tho new con.
gross which has just convened, no
would advise tho renewal of tho sub.
sidies, but his message has no such
recommendation. Tho message IL
filled with matter relsting TO the iinau.
ces, tho foreign relstlone, tho mail
aud telegraph departments, tho reci-
proVity treaties with tho United States
end commercial Relations with other
nations, but is silent as the grave on
the subject of railway aud steamship
companies and subsidies.
Tho long and short OF II Is tina, New
York and Boston will have to mako
the bes. OF bad job, unless by iptor-
national correspondence the govern.
ment OF tho United States eau, la somo
way, secure tho performance OF the
promises mado 10 our citizens. In the
meantime, those biz roads, with but
little local traffic and by the tariffs Of
the two nations deprived OF any pay
Ing international commerce, will have
to walt for an indefinite time for
"something 10 turn up that will make
them oven decent investments,
A Southerner 10 almost moved 70 re-
joico In this condition Of affairs,a moan
~ such an exhibition Of grati ficstiou
would appear. The South needs North.
ern capital. Il offers security ana
handsome returns, and yot Il 10 an.
swercd In tho East that "capl,al IA
afraid Of tho South" Il can 10 in
quantity 10 = ssmi.civilissd foreigner.
but shuts IT. ears toths appeals Of it,
own countrymen, for "fear." II
American and American capital are
wiss they will eoloniss and build M
~ ma9uiaeenl nsldS Of the 0sulh and
Weee ~ ~ ~ splendid rseurns
-. - nv:.s2 - -. ~ II. =.