The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1896-08-08

and free schools. These wise enact
ments are dong much to improve the
condition of the great body of the peo-
pie.
Trains are not held up in Mexico, nor
are stages robbed. In many factories
female labor Is being introduced and It
Is giving satisfaction.
Despite the fact that our dollar only
has purchasing power Of SO cents
abroad, the credit of Mexico was never
as firmly established in foreign lands
as 1t Is today. The English bank in the
City of Mexico, which operates on a
capital of 500, 100000, has offered to loan
money to any of the Mexican states de-
string to make public Improvements, at
per cent. the interest payable in the
Mexican silver dollar. This is cheaper
than it was ever offered before, but even
at this figure it is being refused. The
prosperity of the people Is so general
that all money required by the state can
be raised by direct taxation. Certainly
the fact that English capital is oHered
for Mexican federal securities and re-
fused would indicate that our British
cousins after all have some confidence
in the white metal, although they pre-
tend to scorn it.
.'Our government recently enacted a
law calling in all of the paper currency
of denomination under So, and In the
future all subsidiary coin will be OF Sill
yer.
"The free coinage of silver by the
United States, will, | am afraid, nave
tendency to retard progress in Mexico
temporarily The price of silver and its
value will be enhanced as soon as the
United States remonetiZes II ana the re-
suit will be that our money will again
flow abroad where it is now spent at
home.
Mexico offers a fine opportunity for
the investment of American capital and
our people particularly welcome II. Men
of small means can come from the
United States and they find their capt.
tai doubled. The result is that many
have come to us and invested in cattle,
mines and in agricultural lands All
Interstate tax laws have been repealed
and this has done much to build up
trade between the states.
MY impression is that in very short
time a Mexican consulate will be estab-
lshed in Los Angeles. The minister of
foreign affairs has agreed to act in the
matter just as soon as the proper show
ing, which can be made, is made. The
necessity for it exists. The rela-
tons between the people of Mexico
and Southern California should be
closer. Transportation rates are such
that a large commerce could be built up
between Los Angeles and portions of the
neighboring republic.
THE Southern Pacific railroad COM
pany is employing many Mexican labor
ers upon its line and there should be
Mexican consul in Los Angeles to look
after their interests.
II think that Nuevo Leon and Chihua-
hua are the two most prosperous states
in the Mexican republic. Col Ahumada
and Hon. Bernard Reyes. two enlighten-
ed statesmen. are at the head of the sew
eral state governments.
Much of MeXico's prosperity is due
to the wise and sagacious statesman at
the head of the national government.
President DiaZ We look upon him as
one of the great men of the world and
as long as he lives he will probably be
president of the Mexican republic. He
has just been unanimously reelected
He has devoted his life for the good of
his country and his people. His services
are not unappreciated and his patriot
ism will never be forgotten"
Mr. Salazar intends residing with his
family in Los Angeles for portion of
the year.