The morning Astorian. [volume] (Astoria, Oregon) 1899-1930, 1901-05-24
PROSPECTS IN MEXICo.
Country Has Wonderfully Improved
Under Rule OF DlaS,

Under Rule OF DlaS,
NEW YORK, May ga special 70
,he Journal ot Commerce from Wash.
lngtoa says;
An interesting vlcw ot the present
economic status and future prospects Of
| Mexico Is presented by Or Waiter Il,
Weyl who has recently spent six
months In the country on some special
work FOR the department OF labor. nr
Weyl awaited himself " his interest
IN economic problems to study lnfor.
mally the financial development VI
Mexico and the prospect that the long
strides taken under President pla9 will
not be retraced II m dies or rctircs
from office.
Or Wcyi Is satisfied that Mexico has
reached position ot political stability
which viii not he impaired by change
In the head or the government lie
says that when the country was the
theaIrr of frequent prununcIatmcntos
and revolutions, there did not exits, the
present means ~ prompt communication
by railway and telegraph. A revolution
might be in FUN progress for several
weeks In some distant provlnc, before
the news would reach the capital and
action to suppress Il could be- taken. The
conditions are very dlffcrcn, a,
present They illustrate ihr chang,
wrought in the political and economic
world. Any government worthy nf th,
name would BE- Informed al the ear.
los, moment of any outbreak which
might occur and would be- able 20 dcs.
patch troops prImptly by rail 10 ihr
scene ot the disturbance
The Influx ~ American capital and
the manner In which 1t Is concentrated
in the hands ot l few grca, railways
and banks also makes tor order and
the permanence VI existing Institutions
The Mexican Central railway and other
leading railways employing many hun.
dreds of men. have wide financial and
other connections and Will naturally *
ert their Influence In favor OF order and
conservative and continuous national
policy,
The Americans. he finds. are absorb,
ing most ot the large enterprises ol the
country, especially the railways ana
tho banks. although the Germans have
recently established strong ins,itu.
ton.
The Germans are monopolizing the
hardware market and much OF the re-.
tail trade while the Spanish element
keeps the groceries and other small
shops. II is the Americans. however.
Who come forward with new projects
and abundln, capital To carry them
ou, and they are recognized every.
where ~ a growing. though unostcntn-
t!ous force in promoting good govern
ment and the continuous influence OF
conservative classes Of spanIards and
Mexcans.
The peaceful transfer Of powers from |
President Diaz 20 a competent success |
sor would In the opinion of Dr. Weyl |
tend 20 strengthen confidence in the |
futur" ~ Mexico rather than To impair |
It. Such an event would demons,ratc |
that the country dll NJ, depend ror It's |
security and progress upon the lie II |
a single man now that he had put the |
nation upon It's feet II IS expected that !
President Dlaz viii practically choose
his own successor through a modest |
suggestion 10 his friends In congress
and tha, the man thus designated will
be- elected with little opposition The
election j. made by congress. thereby
avoiding the strain and excitement Of
a popular vote. The choice for the
new president will probably lie between
L.nmantOur the present minister of
finance, and General Reyes, the head Of
the war department. Both men are llb-
.ral in their political sympa,hIes al
though LlmantOur belongs 70 the old
clement II Is because of
these arstocratlc connections that the
choice is more likely to fall upon Reyes.
who is popular at once with the masses
and with the army. Both LmantOur
and Reyes are on cordial terms and
possibly an agreement may be reached
BY their friends by which the former
shall hold the office for a term and the
other be chosen later.