The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1897-01-12

Ehe Associate Justice Of the Supreme
Court of North Carolina Writes of Its
May Advantages.
n Mexico.r9
shing ia more sincere or less senti
TAI than capital. Whittier capital
Ia q steady, ever.widening and
deepening stream, there must be
Ree COR i'd. Men who are shrewd
ia amaa large fortunes and
them are usually men of sound
nenk When such men send their
Ell 20 foreign parts 10 preference to
ting it more Immediately within
own supervision in their own
try, If ia good proof that the for
sn country offers greatly superior
dvantages. That large quantities of
American capital have sought and still
seek Investment in Mexfco is a matter
public and common knowledge,
"a and known b. eli who have Wis
sd that country, but lest this be too
enera, I viii refer 90 the official evi
lenceg OF it.
II special consular report recently
sued bY the state department of the
nitsd States entitled Money and
css In Foreign Countries" on page
Hon M. w. Ransom, United
States Minister 10 Mexico, reports: ut
not extravagant 20 say that in the
last re years, citizens Of the United
States have invested in Mexico in
mines railroads, lands and other I'm
dertakings, sums much larger in the
aggregate than the whole amount
Of money IN circulation in the repub
II. y and on the page bsfore that he es
timRtes the money i'm circulation as
8I06. COO. coo so et34, 00O. 600. Again, on
aga 184 OF the same volume, he says:
mmY Judgment the money that is
flowing u millions from the United
states into this country, and our enter
lriaing and intelligent citizens who are
oming with it, are among the great
promoters OF the development and
aprovement Of Mexic6." Minister
nsOm is en- aVoWed single gold stan
ms1. having abandoned his for
r ed ocacy Of the retention of sill
tbs report, therefore, by a gold
anderd minister to a gold standard
administration, Of the steady outfow
Stcapitl from this gold standard coun,
eGad superior investments in the
SILVER republic" is not tainted with
any suspicion Of bias towards the
Wkite metal. It is good as gold"
AZ TO single instances Of large invest
mants, Governor Crittenden, United
States Consul General to Mexico, in the
United States Consular report, April,
age 554, informs our State
mt that Americans giving
heel had bought the street
system Of Mexico City for
0 and would put $12, 600, 600
BESIDES In improvements"
s$20, 900, 900 are thus invested in
enterprise in q single city of
ia proof conclusive that the
prudent owners of large CAP
Mexico q safe and profitable
vestment. Indeed, Minister
estimate of 106 60 40 millions
rom the United States in
[exico is a very conservative
rue amount has been prob
lines, and certainly as much
.at sum-. Nearly the entire
Ystem of Mexico, with the
@of one railroad built with
4pital, is owned by citizens of
ed States. Our people have
in nearly every species of
Mines they have bought, of
.ut coffee culture offers large
nd has attracted large sums
ment. Mexican Gcfae is a
ERROR grade, and all that is
80 this country commands a
sale. Orange groves are far
EOfibable than in Florida, being
pc from frost, and Over 400 ca
have already been shipped this
son through to Chicago and others
our large cities. Trucking is profit
tomatoes and other vegetables
Ripped by the car load to Chi
.rly in January. Ice and cleo
ants are being established and
d in the Mexican cities by our
and command large profits.
ans are also extending the rail
stem, which has not yet, by
ms. resched the limits of the
Corn enough for the needs
= 49, n
nd brings more than double
it does In our northwestern
The ana Is true of wheat.