Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-02-16
ESPECIAL TELEGRAM TO THE DISPATCH. ]


ESPECIAL TELEGRAM TO THE DIsPATCH.1
NEW YORK, February 15.-''There arC
millions of money lying untouched in New
York City for want of confidence in the in
vestments that are daily offered. There art
more millions throughout the country in the
out-of-the-way hooks and corners of the
land waiting for chance to be turned into
the channels of trade"
Henry CleNs, the great banker said this
the other day, and as usual Henry Clewc
was right The condition of the savings
banks of the country shows the truth of the
ststement-the quickness with which capt.
tai springs forth to meet and sustain worthy
enterprises emphasizes the fact The great
manufacturing industries that years ago
made New England hum with the buzz Of
increasing industry and growing wealth are
to-day in quiet and almost unnoticed prog
ress keeping up with the general welfare Of
the country. But the big dividends they
once lavished upon their stockholders are
no longer visible in their bank accounts.
The productive capacity of the factories of
the country have outrun the demands of the
home market. In six months, say the stat
isticians, we can manufacture enough to
supply the entire United States for year.
That is why the Pan-American Congress
had assembled. There are, of course, other
reasons which led to the gathering of these
Scandinavian statesmen and our own
delegates to consider how closer and better
relations, commercial as we'll as friendly,
could be established between the United
r
southern portion of the Continent, but the
main point at issue is where the great sur
plus Of our factories and our other matters
5Or export can find a favorable market. That
is really the object of the Pan-American
Congress in so far as the United States are
concerned. The Spanish-American nations
want cheap and serviceable goods. We are
their nearest neighbors. We have the
goods, and what we desire is an opportunity
to deal with them.
ALEXANDER SHEPHERDS EXAMPLE.
Everybody in this country knows or has
read about Ex-Governor Alexander Shep-
herd, of Washington, D. c.. a great.
brawny, blg-brsined and business-lik. man
who changed the National Capital from a
mud town to one of the magnificent crea.
tiOns of the world. Lay aside the question
will continue to be subject of discussion
for years to come. He went away from
Washington broke and almost without
dollar. He disappeared from public view,
He was poor and his career had ended. So
his criticisers declared. Had il? Well.
no, not exactly. The other day he
came back from his self-imposed
exile. Where had he been everybody
zsked-and the answer came back-in
Mexico. What had he done? Nothing
more than thousands OF other energetic men
like him could have accomplished. He had
made new fortune. There was no doubt of
his statements. They were backed up in a
way that made men look down toward
Mexico and SpauishAmerica as the haven of
their financial hopes. That opened a new
phase of consideration for our American
capitalists. So some of them sent down an
agent to the Mexican capital, and the New
York bankers, who are bright aud consider
ate and well advised, are going to open a
great bank in the metropolis of the sister Re
public where some OF the latest surplus
money of the country can find profitable in
Yestment.
AN INVESTMENT IN CHIAPAs.
The United States is ready to pour its
thousands and millions into Mexico and
South America provided the promise of re-
turn is neither vague nor unsatisfactory.
There was member of the Mexican Con-
gress in the States last month. He was a
bright, intelligent, well-informed and wide
minded gentleman. His name was Manuel
Ramirez Varela. He had concession from
his Government which carried 1,5OO, 600
acres of land in the State of Chiapas.
Mexico. An American company formed for
such purposes took hold of the matter, in
~ ,AoI
to-day the stock of the company formed for
the development of the land, the planting of
coffee, rubber, ETC., is among the investments
sought after on the markets of the financial
centers throughout the country.
They are talking of building big rail-
road in South America. Well, why not?
1t would connect the railways of the United
: States by way of any of the routes through
Mexico with the richest fields for CONNER
cial enterprise ever opened to the business
men of this country. 1t will eventually be
built and if American capital stays out
foreign capital will step in. The present
plans for the road that is to run from the
City of Mexico to the heart of the Spanish
American portions of the continent may
never be realized, but something like them
will soon be worked into practical accord
with the idea of business men.
PROJECTS OF THE IsTHMUs.
People have been talking about the Pan
anna Canal and the Nicaragua Canal and
the ship railroad of the late Captain Eads
for these many years. There is a hazy sort
of idea that the Panama scheme is dead;
that the Nicaragua Canal is not as certain
OF being built as its projectors would like,
and that the ship railroad was buried with
Captain Eads. All this may be true, but
other projects are springing up to replace
them. Here is a syndicate starting to build
q railroad right through from the Gulf to
the Pacific. They start at the little town of
Frontera and run down through the richest
and best lands in Mexico, right into the
heart of the immensely valuable mahogany
forests of Chiapas, and, skirting the States
of Tabasco and Oaxaca, make the port of
Tonols on the Pacific. With this line built
and they are building it with American
and English capitalize problem of short |
ening the way between the Pacific Ocean
and the Southern States of this country NAV
be said to be solved.
Well, would anyone believe that hun
dreds, if not thousands, of Americans are
thinking seriously Of seeking new homes in
Mexico and Spanish America. 1t is fact.
Only the other day in New York there was
organized a company for the purpose of
locating sugar and rubber plantations in
this same State of Chiapas, and locating
there about 1000
STURDY AMERICAN FAMILIES
with tools and implements and capital suf-
6eient to sustain them in their first struggle |
for homes and wealth. Will these men sue
ceed? Why not? The lands are untouched |
by the hands Of the toilsr-the mahogany