The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1895-09-19

pointed for that purpose. This oe ap-
ment was also represented at a ssouefnl
conference on weights and eSeneral
held in Paris on the 9th inst. Mres
was also represented by two doIoeexco
at the sixth international geoeraT Sistes
congress, inaugurated July % in p4ical
don, and in the geographical exnos Lon
held simultaneously. 0''uon|
Repeated promises of the Atlan+.
position that Mexico should ba sa ex'
scented there have induced us IN on epre
an agent to supervise the collectipnppo int|
exhibits, and having succeeded in ~
tanning the cooperation of exhihitor,o W
this country, the republic will take no L
in this new contest of civilization POI
labor. "u
With the object of increasing tho .,|
| ready remarkable growth of the nosta
business, it was decided to reduce ~
| inland rate on correspondence to had
| the former figure, to take effect ON ~ ]
| first of July last. The loss so far ar
| perienced in the receipts is much los
than was expected and it is hoped tha
before long the equilibrium will be raj
| established between the income and ey|
penses. The total receipts from I'M
| postal service show an increase over th1
previous year of 125,640. Postal serv|
| ice contracts have been made betWeeI
Guayamas and Topolobampo betwee1
| Tampico, Vera Cruz, Progresso and Coal
tacolas, for extension of the service N
the LIE Edward company; to the Teheuan|
tepec railway for the establishment of |
river line from Tobasco and for a lind
! of steamers from Manzanillo to Acapul|
| co, Puerto Angel, Salina Cruz and Lo|
nala.
The total length of telegraphic lineI
constructed during the year is 702 kio|
meters, which brings the length of th|
whole Federal system to 63,524 kilomet|
| ers. All the trunk lines of railroad
having been nearly completed, new
branches are being constructed under for|
mer concessions or those lately obtained
Nearly all the railway companies hav|
shown increased earnings, due especiall|
| to local traffic, which naturally respond
to the growth of mercantile busines|
and the agricultural prosperity of th|
| country. Since April last IA kilometer|
| of road have been built and put in OIL
GRAFTON. The Central railway has con
structed branches from Aguas Calienta|
to an important smelter, and two otheI
in Chihuahua-one to the, shops of til
metallurgical company and the othj
to the San Felipe smelter
The Mexican National has replact|
its temporary bridges by permanent one|
| rebuilt others and almost completed il
terminal station in Mexico.
From April last to date 81 conce|
sions have been granted, without sui
| sidy, for constructing new railway
some of which will use electricity I'd
their motive power.
The total length of the railway sy|
| TEN of the republic is at present II, ID
| kilometers.
The new Vera Cruz harbor works con|
pany has acquired quarries at PenuelI
| and has already received the greatd
part of the rolling stock for trand
| pOrtation of stone quarried to said work.
| Contract has been made for the erectio|
| of wooden wharf in opposition Il
! Tampico.
The lighthouse service of the gulf H
| being further improved. Texumpa ligb|
will be inaugurated today, and the towel
| for another light is being erected al
Isla de Lobos.
The Mexico Valley drainage work
are on the point of completion. mn
tunnel is already wholly concluded All
that remains to provide an outlet for tbd
waters of the valley is masonry word
! to connect the tunnel with the, Ear
! at each end.
! The total excavation to date amount|
to lO,5OO,O00 cubic meters.
In regard to the finance department
L am happy to say that the economi|
development that commenced about
year ago is maintained, there being
vigorous improvement in almost AL
branches of our National wealth. al
wen as IN the condition of the treasury|
pom our exports and imports continu|
10 increase at remarkable rate, and
tae same can be said of the local trad|
ot tne country, as evidenced by fgure|
attained by customs collections AMI
stamp once receipts. During the fsca|
year TO June ~ last the customs I'd
tteipts amounted to over $20,000,0O0, AMI
lMose OF the stamp Office to $15,00O,OO|
me ne increase that has been obtained II
one nrst Two months of the current fiI
( cal year in the two sources of reyenn|
mentioned induces the government Il
Delleve that the normal income on whic|
the treasury can count will he sufficientl|
| ample TO cover all requirements of e1|
pendlture budget for the year. in sniff
Vi reduction of so per cent made h
postal rates for inland corresnondencI
ana IN spite also of the suppression d
certain taxes and the reduction of otl|
| ers. "SN'N" W WI
This condition of the public revenueI
sogether with that of the debt conyeI
Ston, completes a cheerful picture ord
sented by the Federal finances. Th|
LIQUIDATION of the old debt in it's eI|
tlrety, from the colonial regime to 1851
and OF the claims and credits subse1uerI
TO the latter conversion of the fioatin|
debt presented for collection and pay|
ment OF balance. and finally the reduI
tion to a common basis of numerOu|
classes of subvention bonds given to rail
way and other companies are now al
completed and have produced results tha|
constitute most convincing proof d
the excellent credit enjoyed by our M
tlonal securities, owing to the unwaveI
ing and scrupulous determination of I'll
republic to redeem its pecuniary oblig|
lions throughout the prolonged fnanci|
crisis, which, happily, seems now to
at an end. With the object of carryi1
into effect the operations of final liquid
ton and conversion of the entire del
even including few claims that were nj
presented within the prescribed teri
SAID term has been extended to the 81
OF october next in assurance that
then the floating debt will be exit
gulshed and all accounts that we hal
inherited from our predecessors will
closed.
MINIS that were formerly leased
private parties have again come into Il
nf,z u