El Paso daily herald. (El Paso, Tex.) 1881-1901, 1897-08-14
Mexico Strictly in 1t.

| Mr.. George B. Isham, editor of the
Mexican Trader of the City of Mexico
was in town today en- route to the Cts
of Mexico, after a three mouths triI
through the cities of the United States
He found conditions gradually improv.
| ing, especially in the east. Duriu q th E
Industrial depression, families of the
working masses were compelled TO
move into tenements and flats in order
to economic in household expenses
and to support their families. In chi.
cagO especially, they took advantage OF
the large numoer of temporary hotel
| buildings that had been constructed for
I the worlds fair visitors; but now Mr.
lsbam noticed that families were gra-
| dually moving out of their contracted
| quarters, and were indulging in singh
| tenemeuts once more. On the whole,
there seems to be an improve ment,
especially in the eastern cities.
AS 10 MeXico's future, Mr.. Isham
was very hopeful. He said that the
| reco MT TALL ia silver was destined @
make Mexico tue greatest mining CEN
ter of the world. Ga account of the
low price of labor, Mexico is able to
| mine silver much cheaper than any
other country. Besides the Mexican
miner has tue opportunity to convert
bis product into dollars which buys as
much home products as the American
dollar does in the states. On account
of the increased use of copper, Mexico
is coming to the front as one
Of the greatest copper cen
tiers of America. Ia the
| state of Michoacan there are mex
haustible deposits of copper averaging
from % to 30 per cent purity, carrying
| about 81 silver and trace of gold.
Snrewd investors are fast buying up all
vaila nile cDpnar in that
are about to build smelter for the
treatment OF the ore on the spot. The
advantage of Mexico as mining CEN
ter is SHOWN by the fact that in the
case of copper. the mining charges are
in silver. and the product is exported
| and sold for gold; thus giving the
Mexican miner all the benefits of the
high premium on gold. Mr.. Isham
calls attention to the fact that the
Compania Industrial of chihuahua is
now building mining machinery mad
| on Fraser IL Chalmers patterns, and
selling 1t in Mexico at the same price
in silver that the we'll known Chicago
firm lis askiug gold. This is only one
of the many instances that might be
pointed out of how the re ent fall in
silver is building up Mexican indus
tres. The fall in silver will tend
strongly towards shutting out foreie n
luduC SOONS tlldG Ildy NC LII
co, and will have the tendency to keep
money in the country, as well as give
employment to Mexican slabor.
Mexico is rapidly developing her
home industries, and agriculture is
in prosperous condition. The Amer
leans VINO have recently gone into
tropical agriculture viii be specially
benefited by the recent fall in silver
For example, it is said that it cost the
Nj -ff.lr fur I,,,, e,;1
raise a pound of coffee, and if he re-
ceives is cents gold or about 40
cents in silver, it can be readily
seen that he should make a handsome
profit. This is not only true of tropical
products but applies to all products
for export. Financially, Mexico is in a
almost prosperous condition. Last year
she had d surplus for the first time in
her history, aud as she is pi epared to
meet ali of her foreign obligations, the
recent fall of silver will have no SER
iOus effect on her economical status.