The sun., 1903-09-02

Mexico 1s growing also IN tne extension
of her vast and even yet unknown mining
possibilities; In the development of her
agricultural resources, also an interest Of
vast, almost unlimited possibilities and in
the department Of manufactures. The
value of the product of her mines approxi-
mates SIC, ,OoO, 900 for the year, and the value
OF her agricultural productions, her fruits,
and her cattle approximates SIPS 900 900.
Her manufactures are becoming more and
more varied and increasingly extensive.
Among the lines represented are cotton
goods, cigars and cigarettes. sugar. paper,
iute, soap, shoes, hats, silk, &c. Among
newer enterprises there appear such items
a. glassware, dynamite, breweries. new
and extensive Touring mills, car-building
company and a huge steel plant. Municipal
enterprise and development are shown in
water and sewerage systems, and In the
installation of electric light systems, street
railways and telephones.
A serious handicap appears in Mexico's
unfortunate financial system, with It's silver
basis This Is indicated in the following
extract from an official report submitted
bv one Of the subcommittee OF the Mexi-
can Monetary Commission. The report
says
The fluctuations caused BY the prescn. monetary
standard ancct the rate OF bank discount by main
tsinlng II at higher igurc than Is warranted by
tie other conditions OF the country they affect
COMMERCIAL ,ransaci'on, by nTodc,ng an se
Increases the price OF merchandise: they hurt the
worEag class the power Of whose wages
and agriculture by giving them over TO usurers
eiev aIng the rate Of Interest and converting long
OF chance All these are serious drawbacks 20 be
ren.ded at the earliest possible moment
Steps now being taken by the Mexican
Government promise an early correction
Of this serious evil, and the establishment
Of MEXICAN finance on n stable basis will
lat fnlI 10 -
for invest ment, an increase In the volume
Of commerce, and general Detterment OF
all industrial and commercial conditions
The City Of Mexico Is rapidly becoming
modernzed almost Americanized Within
recent years, the city has added an efficient
sewer system, and that involves an efficient
winter system. Her streets have been
paved with asphalt, and electric street
RAILWAYS have superseded the old animal
system Construction OF public and private
buildings Is active 20 the verge OF a boom,
vet IL is all regarded as a sound and healthy
activity which Ia only the forerunner Of even
greater activities New Government build
ings, representing millions Of dollars Of ex-
penditure, are IN process Of construction,
and when completed their structure and
design will be such that any nation might
well be proud Of them New hotsls and new
residences by the score are In process Of
erection, both comfortable homes for tho
middle classes and ornate structures for the
wealthy Suburbs are being deysloped
and the City OF Mexico IL well on the road TO
becoming notable metropolis
Along with all this material progress a nd
healthy prosperity there runs tbs develop
uont Of an educational system which viii
make for the future stability II the country
New and modern schoolllousss are being
erected, modern methods are being adopted
for tns sohOol room more competsDt teach
ers arc being employed New standards u
life for tho NsIloo u tomorrow are thus
being introduced new aims aud ambitions
stimulated, new wants created.
MrrioDs coming dhys viii bring their
measure II national trials, of burdens, aud
~ ob-,Hol"p Bot a. least her face IL nov
set IN right direct Ion and all tho signs II
ths tine point 10 continuous forward
movement AAEhTAk
CRY or MEXICO, Aug. "A