The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1902-05-02
PROFITABLE ". .MEXl- u, @ss1r.s
f CAN:lNVESTMENTS.
A. 8. Witherbee's Success In De-
veloping the resources of that =.
Rich Country. e&y.

veloping the Rasources of that =.
Rich Country. - .As:>
The development 9f the rich, natural
resources of Mexi2b has opened up to
american capital Nhat is undou1btedly
in the world today. This country: Of
which the famous Humboldt said that it
was vast and rithAenough to ':froduce
all that commerce now collects from the
rest of the world,n is land where, for:
tunes are being and will be made more
rapidly than anywhere else. -,
AN American who has been consplcu-
ous both for the number and success Of
Mexican enterprises which he has pro-
NOTED is A. s. Witherbee of Milwaukee,.
Mfr. Witherbee was formerly in the in
surance business, but for number of
years Mexican interests have claimed his
attention and he has come to be regard.
yestments in the Republic. Mr.. With
erbee launched the Company which owns
and operates the now celebrated Quebra
,lil!a mine, which is one Of the largest
producers in the. State Of Durango.
Those whom Mr.. Witherbee induced to
returns. The Quebradilla is capitalized
at $5OOO,OOO.
Carlos and Eureka Copper and Silver
Company, with $2,50O,00O capital.
\ CORPORATION with wide range of Op-
trations is the Mexican Mining and De-
veopment Company, which was organ
lied by Mr.. Witherbee and of which he
is secretary. This company. with cap
itul Of 81 100000, has Offices in the City
of Mexico, Chicago, Detroit, New York,
Boston and London. 1t has acquired,
through purchase, announcement and
government concessions, number OF
IL Ion Vnvf ID
and tin mines, and besides has working
bonds and options on a good many 9TH
ers Dealing in Mexican lands and i'll
vestments is also an important part Of
the companys business. There is no wa
ter in the stock Of this company, and
the satisfaction Of those who invested III
it at organization may be inferred from
are now held at $1.15. The Mining and
Development Company has a liberal
charter and proposes to foster and de-
yelop any legitimate enterprise in Next
co which it's officers deem it profitable to
take up.
Another Of Mr.; Withcrlee's enterprises
is the San Toy Mining Company. whose
mines La Fortuna, La Trinidad. indie
pendencc and Bustillos are the famous
Santa Eulila District. Chihuahua. These
properties are owned by such we'll known
Americans rs Hon. Williams c.. Whitney.
Oliver Payne, Heart estate, Standard Oil
Co., Kansas City Smelling Co., and
Moore Il Schley.
Although Mexico is a new country in
the sense of having great unleveloped
mineral resources, yet the nation is old
in mining experience and as matter Of
fact investments there are hedged about
with exceptional safeguards. The min
ing laws are just and wise and to the
credit Of the country it can be said that
the history Of Mexico is singularly free
from the record Of wildcat swindles.
His knowledge Of the country and his
confidence in the security as we'll as the
profit Of capital invested there, has led
Mr.. Witherbee to freely advise the pur-
chase Of stocks in legitimate Mexican en-
terprises-a course which the success Of
his own companies has amply justified.
Associated with him in the companies
which he has forced are men of promi-
hence and high standing on both sides Of
the Rio Grande.
Mr.. Witherbee manages his various in
&cre,ts from his office in the University
building. Milwaukee.