The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1896-09-10
AIDED BY A GOLD PREMIUM

Mexico City, Sept. 1.-Two new daily
papcrs will appear within few weeks
El impartial morning Journal, at
popular price, and FL Mundo Dinrio. an
evening paper of large size, and when
the management intend making one OF
the most complete dailics in the Spanish
language which has ever been printed
here. High grade weekly fashion ana
musical journals are soon to he eStaDhsli,
ed, which will rival the pest French ana
English publications of their class.
Finance Minister Limantour VIII soon
take up the important work of the revis-
ion of the fiscal system of the country,
md the tariff will probably be cautious
" reformed. but without prejudice to Il
large number of new factories winch,
nrotccied by tariff and Il gold premium,
are doing Il prosperous business. Inc
aim of the Mexican statesmen Is TO rem
dor the country as far as possible lhuus-
trially independent, and there Is no pros
meet of the adoption of the Tree trade
views of n small group who favor tarlll
reduction. But there is no doubt many
anomalies in the tariff which will be
gotten rid of and the whole schedule
placed ON a scientific and equitable basis.
Minister Limantour has practically
done away with the worst abuses OF the
fine system, his endCavOr being to pro-
tcct all honest importers and make the
foreign trade less subject to losses ariS-
ing from an arbitrary imposition of hnes.
The bank balances for September l
show u large amount of cash and healthy
financial movement, Money Is easy anu
capital il going into manufacturing UNI
dcrtnkings all over the republic. and also
heavily into the tropical agriculture.
Rates ON mortgages on real estate
steadily tend downward.
The new company operating the street
railways in this city will invest many
millions of dollars in the complete recon
Struction and mOdernization of the sys-
TEN.
The presidents message will show that
in every direction the country has made
remarkable advances and that the gov
crnmcnt was never financially i'll bet
ter position,
Cuban and New York people interested
in sugar growing are investigating the
chances here for establishing large sugar
estates, for it is believed that Cuba will
not fully recover her lost ground for AT
least ten years, and perhaps even
twenty. Mexican cane is richer in sac
charinc matter and does not require re-
planting. and il is believed that the
policy of establishing plantations and
N',t'!S. S'iuhlllS ana ftlnlnE stations
will he adopted. The matter is also mt.
tracing attention among sugar growers
here
The congress of delegates of th,
american nations assembled here I'm,
dissolved but request the government,
OF Mexico and Salvador to convene TN,
pan-Amerlcan congress to consider The
Monroe doctrine and other matters OF
international interest in the new world
committee was appointed to- confer
win the governments mentioned Mex
lcos position on the Monroe doctrine :,
unequlvocal and is even stronger than
President ClcvCland's position. and il /.
hoped here that Il well attended con
grcss will next year he assembled il
this city.
Francisco de Garay. one of Mexico.
most llluStrious engineers and men o
science, is dead at an advanced age. II,
was Knight of the Legion of Honor
ana was one of the engineers summone,
to Paris during the empire to consul
with the French engineers on the Omen
ing of the lsthmus of Tehuantcpcc. lii
was the recipient of confidence of var
lous governments and many testimonial
from European countries.
United States Consul General Critten
den leaves for Missouri on Il vacation OF
the 18th instant.
The new consul general of Greece ha,
arrived