El Paso daily herald. (El Paso, Tex.) 1881-1901, 1899-10-04
The PROSPERITY
OF MEXICO
Is UndeniabIe and There is
Marked Progress in All
Kind; J+ tndeaVOr

NIIlu " LttQ
THE CAPITAL INVESTED
For the Most Part is Furnished by
Americans Who Have Faith in
Their Sister Republic.
The progress achieved by Mexico in
all the lines of endeavor that consti-
tute the prosperity of a nation seems
uudeniable. Mexico's indisputable
progress is due, in the first instance,
unquestionably to the prodigious in
fiuence of peace, and ii In
secondary manner the constant
efforts of the executive have served to
nurture the fruit to ripeness, princi-
pal merit is to be found In the note
worthy good sense which has develop
ed necessarily in the Mexican people,
in the industry and spirit of enterprise
which are beginning to characterize
them and in the wisdom and holiness
of the aim of their legislators.
Commercially, Mexico and the Unit
ed States are becoming more intimate
ly connected, for inevitably, the rail-
ways tend to increase the inter-trade
of the contiguous nations. Mexico in
is that of new world
India, and the general policy
of this government in encouraging the
Investment of American capital in
Mexico is consolidating the business
interests of the two countries in re-
markable manner. American invest
ments in Mexico are bet
ter planned than in former times:
there Is less adventurous speculation,
in
munerative businesses and in handling
them on the basis of successful enter
prises in the north. How intimately
linked are the two North American
republics our bankers best know.
No country as prosperous as Mexico
can expect to be overlooked by the
dishonest promoter and the profess
sional boomer. Investors must not
take the statement of unknown and ir-
more than they would credit the reports
of such parties in their own country.
The capitalist can we'll afford to in
vestigate personally before investing
his money; the man OF
small means must COM
bine with others in making his invest.
ment, and his only safety lies in deal
ing with responsible companies.
In no way is Mexico's solid progress
better shown than in the steadily in
creasing revenue from taxes, duties
year ending with June, 1898, the
governments revenue was less than
fifty millions. Last year.thi amount
was increased more than eight mill
lions, and the government income will
be very close to sixty million dollars,
which will leave several millions sus-
plus over the budget expenses.
The large and constantly increasing
demand for building material in Mexi-
st high figure. All the brick plants
Of the republic are overwhelmed with
orders. This is the case with every
kind of manufacturing plant that
supplies for modern improve
nents.
Mining machinery is one of the lines
Of Mexican imports showing the heav-
est increase from month to month.
Many of the best old mines in the
throughout with American machinery,
while old mines that were abandoned a
ago as Improbable, or that
could no longer be worked with the |
Methods then employed, are being |
opened with modern machinery and |
developed into properties paying hand |
ome dividends.
Mexico has been for 300 years a great
producer of silver and gold. This |
'ear will furnish over 800, ZOO, 600 in |
liver and as much gold as tie Klon- |
lyke, and the great advantage is that |
10 one has frozen to death nor fallen |
through the ice in search of either |
METAL. 1t has been produced in a |
country where it is possible for min
n to raise his living in many cases on
lis own claims. !;
All other Industries have kept pace |
With those above mentioned, but in
zone has there been progress than in
griculture. Mexico is exporting to
ay wheat, corn, beans barley and all
PRODUCTS of the temperate zone, besides
Millions of dollars of the products of
be tropical regious such as coffee, CO.
Ga, rubber, vanilla, tobacco, etc.
The states of Veracruz, Tobasco and
'hiapas, will double their exports the
oming year, and will increase in
reater proportion in years to come.
In the department of Palenque, and
'ichucalgo, in the state of Chiapas
lone the lands have been purchased
nd the capital SUI bscribed for an in
estment during the next five years of
YER So, 100000 United States gold. As
very dollars judioiousIy invested in
optical agriculture will produce more
IAN 100 per cent in five years we can :
expect and export from
lese districts alone of over $40, 600, 900 !
Iexican currency. Now the tide of {
capitalists coming to Mexico and if
ken at the flood will carry us all to
'rtune.
TALK OF THE TOWN