The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-09-28

over Si00, 900 900. Instead of having
any deficiency their revenues were
more than enough for their expendi-
lures always having a surplus. This
not only applied to the affairs of the
government, but to the different states
and municipalities. 1t was not only
interesting, but very remarkable to
find states and cities without any debt
whatever, and always living within
their income.
A STRONG CABINET.
The president of Mexico is certain
~ very remarkable man, as has been
shown in his life and in the successful
handling of his government. His cabi-
net is composed of capable men, the
minister of the hacienda (seCretary Of
the treasury, Jose Y Limantour, being
one of the most able fnanciers that I
have ever had the pleasure of meeting.
the remainder Of the cabinet being
made up of men of equal capabilities
in their several departments. The
president has always shown special
interest lin welcoming Americans. and
has repeatedly said to me that he
would see that they had every protec-
tion that his own people had. His
only reason for having heretofore han
died his financial matters in foreign
countries was that the American finan-
clal public had never paid any atten-
ton to his country This, am pleased
to say, has within the past two years
been largely overcome, first through
George ID. Cook & co. and Mason, Lew
is & Co. having bought and success
fully sold $1500,000 of the state Of ia
lisco bonds, these bonds having been
placed with bankers or investors in ev-
cry state in the union. 1t Is quite re-
markable to know that this issue was
the first foreign security ever handled
i'm this country. This has, of course,
lately been followed out by the placing
of a large amount of the per cent.
refunding bonds for the Republic Of
Mexico. | may say, in this connection
that when l took up the refunding Of
the Mexican government loan of $780, -
100000 some two years ago it was
looked upon as being impossible to
place any large amount in this coun-
try but, as is now we'll known, the
amount allotted to the United States,
was very largely Over-subscribed. The
president Of Mexico showed his wise
Judgment in wishing this loan to be an
international one rather than to have
it all allotted to any one country.
thereby not only calling attention Of
the different countries to but interest
Ing capitalists in his country.
NATURAL RESOURCES.
Mexico is rich in her agricultural
lands and only awaits the modern
4 out, g
them not only very productive but
profitable. The mining interests of
Mexico are each year growing larger,
and l believe that within a reason able
time there will be a greater emigration
to the mining districts of Mexico II IN
there has been to the Klondike. | base
my reasons for this on the fact that
there they can mine every day in the
year; that everything produced is paid
for In silver, while the product when
sold brings gold, or about two iOr one
OF their currency. Outside Of agri-
culture and mining are the great op-
portunitics of coffee, rice. sugar ana
fruit growing, the coffee Of Mexico be-
ing considered now equal to mos, any
of the better grades that are imported
into this country.
I'VE Of the United States now what
great impetus was given to the
growth and prosperity of our country
through the building of the Union Pa
citic railroad. While our government
was censured at that time for the aid
given. it has since proved to have I cen
a very wise thing. This idea has been
followed and carried out to q greater
extent by the government of Mexico
IN substituting railroads. The finish
ing of the Mexico, Cuernavaca and Pa
enc railroad to ACapulc, and that Of
the Mexican Central to point on the
Pacific coast, will complete system
of railroads covering the ertire repub-
lic Few if any of the railroads of
Mexico would have been built, at least
Tor long time to come, haa ii not
been for government aid. The scenery
along the lines of some of these rail-
roads is not exceeded by anything in
the know1 world, and it is only n rnat-
'er of this being known by Americans
when, instead of travelling in foreign
countries, they will find much more
pleasure and recreation in visiting the
s.ster republic"