The times. [volume] (Richmond, Va.) 1890-1903, 1901-02-17
Senior Enrique c. Creel, the Great Finaneler, Visit
ing in New York.
TELLS OF HIS OWN COUNTRY.
Saws Mexico Is Enjoying Wonderful Industrial
Development and President Dlaz IS
Doing Great Work.
Copyright; all rights reseryed.)

tarial nrooreSS is the most potent factor.
President Diaz has kept this coilstssle .
" in view: hence the profound interest,"
he takes in everything that goes 10 puii'i
up Mexico's industrial system
..Chief among these forces have peen
RAILROADS and banks Within the past
tWe,rtv wears. ten thousand miles or rail-
road have been built The diifefeht States
of the republic are thus bound tesethef,
and every line IS doing a prosperous anu
increasing business. Pullman cars are run
on every line and so excellent is the ad-
ministration that accidents rarely happen
AS to train robberies, such outrages are
unknown Banditisnl, which was once t1e
curse. of. the country. has been driven out
of existence, and fife and property are
consequently as secure in Mexico as in any
place on earth; in fact, l may say, WIN
out eXaggeratfon. more secure
THE creation of banks and the extern
sion of banking facilities to every part or
the republic have been sefulousiy en-
couraseH by. President Diaz. No chartered
bank has ever failed. Every governmental
safeguard is thrown around the manage
ment of these institutions Under TINS
wise supervision the assets OF the Bank
of Mexico have increased III hftesIl years
from thirty millions Of dollars 70 TIE
splendid figure of two hundred and sixty
three million. In twenty years the volume
of business has increased ffty-fold; while
within the same period the export trade
= has grown from sixty millions of dollars
& to- one hundred and forty-miilions
1.-THE administration of the Mexican
Treasury is excellent in every respect The
receipts exceed the expenditures by over
six millions of dollars, and for the first
time in the history of the country the
government has a surplus OF 'tli.rty-seven
millions OF dollars. AS to the public debt,
the principal, and, of course, the interest
are continually being reduced. with the
result that the credit CT the nation rs
tieseryedly high. Mexican bonds could not,
for Instance he sold twenty years ago
for more than twelve cents on the dol
lar. To-day they find a ready market in
New York, London, Paris and Berlin at
par.
GOLD AND SILVER MINES.
..The Investors in Mexican silver mines
in recent years have been very success
full, and at the present time the output of
the Mexican mines is over sixty million
ounces of silver annually Silver mining
is not the only branch of this industry.
Gold is being found in paying quantities,
while copper, lead and iron mines are
being developed with considerable profit.
Great gold deposits have recently been
found in the State of Cohatylila. which
will, no doubt, lead to the establishment
of many new enterprises in that section.
Cotton mills are rapidly. springing up
in many of the States, and SO prosperous
are the companies owning them that divi-
dends as high as twenty-fiye per cent are
not unusual.
THE splendid industrial progress is due
primarily to the sound state of the imam
ces. and to no one IS more credit for their
! magnificent condition due than to the
Minister OF Finance; Senior Limantour.
WHO is heartily xin sympathy with the
| policy of the President
! .aencr Limanteur viii be the actins.
President of Mexico dstring the European
trip OF President piaz. which Viii take
| place in the near future. ,Frsnce will be
the first country visited but the nsubahll
tiles are thar he will visit London and
all the great continental cities On tn
return trip New York will. according t.
the present programme, be the port of
debarkation:
fsEsIEsSDIs1s WITH TIE. t.
So faras the Z sted States and Mexico
are concerned the finane1a al anil insfuatr.af
relations between ths.n arc In the future
| destined 80 be. l1ns opinion. Of The