The Kosciusko star. (Kosciusko, Miss.) 18??-1898, 1895-09-20
MEXICO'S FINE CONDITION
President Diaz Tells of the Pros
porous TimeSin That
Country.

-
turned to the finances of the ma
ton and the wonderful develop
ment of its resources, and said:
''ln regard to the finance depart
ment, | am happy to say that the
economic development that COM
menced about a year ago IS main
tanned there being vigorous i'm
provemenU in almost all branches
81 our national wealth, as we'll as
IN condition of the treasury. Both
our exports and imports continue
TO increase at remarkable rate,
and the same can be said of the
local trade OF the country, as evil
denced by figures attained by Gus
toms collections and stamp Office
receipts.
"During the fiscal year to June
80 last the customs receipts
amounted to over $4,000, 900, and
those of the stamp Office to Sl3,-
$1,000 The increase that has
been obtained IN the first two
months of the current fiscal year
in the two sources of revenue men.
toned induces the government to
believe that the normal income on
which the treasury can count will
be sufficiently ample to cover all
requirements Of expenditure of the
budget for the year. in spite of the
reduction of 80 per cent made IN
postal rate for inland correspond
ence, and in spite also of the sup
preston Of certain taxes and the
reduction of others.
This condition Of the public
revenues, together with that of the
debt conversion, completes a cheer
full picture presented by the Fed
eral finances.
''The liquidation of the old debt
in its entirety from the colonial
regime to 1881, and of claims and
credits subsequent to the latter
conversion of part of the floating
debt presented for collection and
payment of balance, and finally,
the reduction to common basis
of numerous classes of subvention
bonds given to railway and other
companies, are now all but COM
pleted, and have produced results
that constitute a most convincing
proof of the excellent credit enjoy
ed by oul national securities, ow-
ing to the unwavering and scrup-
ulous determination of the republic
to redeem it's pecuniary obligations
throughout the prolonged financial
crisis, which. happily seems now to
be at end. With the object of car.
rying into effect the operations of
financial liquidation and CONVEX.
sion of the entire debt, even includ-
ing few claims that were not pre-
sent'd within the prescribed term,
said term has been extended to the
3lst of October next, in assurance
that by then the footing debt will
be eXtinguished and all acco ants
that we have inherited from our
predecessors will be closed.
"Mints that we formerly leased
to private parties have again come
INTO the possession of the govern
ment. since the commencement ri
the cdrrent fiscal year
From statemsesntts-y85sha have lis
tened to- ySt may infer that the
nation bas not abandoned the on
|aTd march initiated years ago un-
Ter the influence of peace and or
de-, IN the development Of its re-
sources. There is special ground
for congratulation in the asuect
presented by our financial position
after long and weary struggle
with innumerable difficulties. So
Tar, however. from being insupera-
bic, these difficulties aie now i'm
potent and hinder the consolida
tion of our credit and the wave of
prosperity which cannot but be
telt IN every corner Of the country
with steady progress in all depart
ments of the administration follow
ing on healthy and hourishing
state Of national finances.
THE NEW YORK Sun re-
marks UPON the astonishing ne.
incresse of As. 90 in the member
ship of the Grand Army of the
Republic There are now thirty
wears after the close of the war.
about twothirds as many members
of the &. A. r. as there ever were in
chm NnnfnInrata 'EI,n