Savannah morning news. [volume] (Savannah) 1868-1887, 1886-12-25
TRADE VIII MEXICO.
THE ELCeDEE MADE In RE-
JECrING RECIPROCITY.

Mexican Youth Stiy In Frensn Text
Esoks-A Matter Interest to Ameri-
can Paper Make.-A ctivity of Ger
man Merchants 1 Comm sfcial COM
petition.
Correspondencs oths BJstsn Hsr0jd.
CITY OF MEXIC, Dec, las time
eoea on the full fore of the great blunder
made by the House,f Representatives at
Washington in rejecting the Mexican
reciprocity treaty becpprs more appar-
emit Since last winteMexico has taken
A long step forward financially. She has
adjusted her English Iebt satisfactorily
10 the bondholders, ad has found her
honorable conduct bng immediate re-
turns in score of heyy English projects
for the placing Of cpital here. You,
Yourselves, in Bostorhave seen Mexican
Central securities ieeting with active
demand in London and any reader
of the English fnncial press must
have noted a geaJ cnange OF
tone on Mexican Investments. Ii you
want money to complete your Central
railway, you don't SIX the State street
and Devonshire street banking houses to
help out. but you snd the President of
the corporation to London, just as the
National railway leople seek English
capital to help them complete their main
line. To-day, 1t is easier TO ''place"
Mexican mines and lands in london than
in New York, Philadelphia, Chicago or
st. Louis. You can even get money
easier for Mexican projects in Amster-
dam or Berlin than in the United States,
which is Mexico's next dor neighbor.
And it is not because the Europeans are
not keen in the placing their capital
abroad. The English havf
AT LEAST $50, 100000
more money here than Or people have,
and when they are makhg money they
say very little about it.
Our blunder in not accepting and put
ting into speedy operation the reciprocity
treaty arose from the fact that we-while
great takers ON the iubject of foreign
markets and foreign ,trading-have not
the wit to see where WI reject such prof.
tered advantages Other nations are only
too ready to make TIL most of our mis-
takes. Had we put that treaty into Ope-
ration our manufacturers would have
been to-day sharing il the benefit of
great business movement here. Even
more English capital would have come
here for placing in g'eat sugar estates,
large coffee plantations, and in the prof
liable henequen industry which is making
fortunes for the lucky plantation
owners Of Yucatan. In hundred ways
European capital wtuld have been en-
plOyed in developing Mexico into the
great tropic farm of Uncle sam. In five
years, under the impetus Of this new
movement, Mexico would have been send
ing $20,000,000 of coffee to the United
States, at least $40, 00, 900 of tobacco, aud
many million dollars worth of sugar.
Mexico is not and never can be great
manufacturing country; its manifest des
tiny Ia to produce the chief characteristic
tropical staples, useful fibres, and gold
and silver. j am confident, from being in
a place where hear Immediately of large
projects, that the reciprocity treaty would
have helped on a great investment of Eu-
ropean capital here, which would bave,
within lew years, given the United
States very extensive market.
Mexico only requires the influence of
capital to
EXPAND HER AGRICULTURE
beyond the narrow space 1t now fills.
The great plantation owners here are
cramped for ready cash to push on their
enterprises, and you would be astonished
at the ravages the usurers make IN the
profits of the hacendadOs. A gentleman
from the States told me the other day, in a
conversation on the reported defeat OF
Congressman Morrison, that the recipro-
city treaty was killed because great
American syndicates were standing ready
to buy vast tracts of sugar land here when
the treaty should have been made opera
tive. L have no doubt that the treaty got
Its fatal blow at the hands OF the Louisiana
sugar men. But, consider moment what
an expansion of Mexican agricultural
activity would have meant for
American machine shops. There
would have been very heavy
annual demand for sugar machinery,
for agricultural implements aud for sta
tionary engines. Business would so have
developed that your Central railway
would soon be paying properly. 1t is
poor policy to build great railways here
and then refuse to do all the trading pos
sible. The men who have put their money
into the American railways did wisely;
the trouble was that the absurd law
makers of the nation have no idea how to
make that great investment of money help
the trade of the United States. 1t is an
encouraging sign that Massachusetts is
putting some new blood into her Congress
slonal delegation which left it to New
York, in the person Of MIR. Hewitt, to
work for reciprocal trade with Mexico.
Why should not Massachusetts, great
manufacturing State, with many
MILLIONS OF DOLLARS IN THE CENTRAL
RAILWAY.
have been foremost in advocating Next
can trade extension? 1t is my opinion
that the majority of Congressman have no
OlUp6r Inaaa than a lap al a M a hara
from Cranberry Centre. Where is the
Congressman from Massachusetts who is
giving his attention to large national
questions, and especially to that class OF
questions bearing on the prosperity OF
NJ Massachusetts factories and milIsg If
massachusetts would go in tor free wool,
Tor Tree fbres, ETC., and carry such re-
form through by an alliance with other
states, she would find that her mills
could compete here and elsewhere IN
spanish America with the mills and fac
tories OF England, Germany, Austria and
Belgium. You make as good carpets in
Massachusetts, as we import here from
Austria and England, but you
do not get that trade, be-
cause your carpet people cannot
get cheap wool. Gov. Ames' shovels are
found all over Mexico, and that Is one in
stance where American enterprise can
overcome tariff obstacles. The excessive
tariff is strangling American foreign
commerce, and have yet to see an Eng
llsbman In Mexico who does not say that
the United States is pursuing trade
policy with which they (the English are
entirely satisfied.
Talking this morning with a dlst!n-
gulsned American, who has represented
our government at two great European