New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-04-20
MONEY IN MFXIC4N MINES.
EASY TO PUT 1T IN. But HARD TO GEL
1T OUT ENGLISH CONSERVA-
TISM ILLUSTRATED-WALL
STREET "CORNERS''

The mining centre of the world logically should
be in New-York and many men who are good
judges of such matters think that in time TO come
this city will become tho great mining mart of the
globe This should be to-day. for the United
States is financially In a commanding position and
North America phenomenally rich in minerais'
London. however. still leads the worlds mining
centre. and in this country Boston is to-day the
mecca for those who have mines to sell rather than
New-York. In the past NEWCOMERS bought too
many bad mines take kindly TO this form OF
investment. and recently the gymnastic perform
ances of Amalgamated Copper have robbed the
financial community of what little confidence tney
had left mines as a legitimate field for invest
ment. However. there have been and will be large
of money made in mining. To-day mining IN
Mexico is making enormous strides. and the mineral
development of that phenOmenally rich country is
ra pidIy advancing. Before the Spanish conquest
Mexico had rich mines, and the production or
precious metals has ever since formed a prtnc1pai
part of the country's revenue. The work, how
ever. of a crude and inefficient sort With
American energy and brains applied to the work.
development will probably proceed much more
rapidly and in the near future Mexico is expected
to be a far important producer OF the precious
metals than she has been in the past New-fork
has in times past been badly bitten in Mexican as
we'll as Western. mining schemes. and as a conse-
quence a prejudice exists here against them
ment the other evening in telling Of some Mexican
mining stock he had: 1T came to me. SAID ne oy
a
little value, but I told shall eventually
make a good deal of money out OF IT, Mexico -
looking up and good investments In mines there are
likely to prove profitable Mexican mining invest
n1ents however remind Of the trick elephant.
who the ringmaster announced could place q ten
dollar bill IN of the upper boxes man IN tns
front row supplied the BILL and the elephant neatly
and accurately waited 1T into the upper oox a3
promised. Great applause ensued but when ~ Cleo
down the owner of the bill requested Its return.
Well explained the ringmaster. I'm afraid It's
gone The elephant only knows how 70 place II IN
That's the way with Mexican mining ventrres-you
can put your money in, but you can't get IL BACK
That England is ultra-conservatfve every ons
knows. but unless has mad personal experiences
with that conservatism does not realize It's ex-
tent or how deeply ingrained 1t is Thoroughly
literal too are English cousins, as the follow
ing story will prove: Last summer a couple Oh
Americans returning home by way or Liver
pool and upon arrival III that city found that some
little would elapse before their steamer sailed
One of the two decided TO utilize this interval 70
telephone to friends in London. with whom
he wished to talk business OF Importance
These friends stopping at the Russell Square
Hotel and the American therefore asked to De
connected with this hotel --Thank your came CEN
trails reply, Whats the number"
II don't know the number replied the Amerf-