New-York tribune., 1903-01-08
SITUATION IN MEXICO.
NO CABINET CRISIS.
General Reyes IN Perfect accord
aitk President Dias's Policies.

L.
leading banker and fnancier Of that country
arrived in New-York yesterday morning. Mr..
Creel stands in rnuch the same relation to the
financial and Industrial interests of Mexico that
J. Pierpont Morgan does tc the same interests
in the United States He is the president OF the
Banco Central Mexicano. of Mexico City, ano
of the Banco Minero. of Chihuahua With ms
fsther-in-law, General Terrazas. he is extensive
ly interested in manufacturing. railroad and
industrial enterprises in Northern Mckee, anu
has been one of the prime factors in inducing
the large investments of American capital in
that country in recent years. Afr. Creel is &C
n1panied by ETneterio de la Cara, Jr-, who Is
the attorney in Mexico for the American Sme'-
ing and Refining Company, and the Guggenhelm
Exploration Company.
AS the intimate friend OF President Diaz ana
Senior Linlantour. the Mexican Secretary OF
Finances. Mr. Creel is entitled TO speak WIN
authority concerning conditions in that country
both political and commercial His atten1loh
rzs called 10 the fact that considerable alarm
and uncertainty had been aroused in the minus
Of American investors in Mexico by the recent
res,enat,on of General Bernardo Reyes from the
rcrtfolio of war in President Diazs Cabinet
YES" he replied. II have seen some COM
roents ON the subject in the American press ana
I have read them with very great SURPRISE
They have no doubt been inspired by people who
Mexican securities. but in fact there is no
ground for any uneasiness whatever General
Reyes VIII continue as a general OF the Mexican
army and ss Governor Of the State OF Nue'o
Leon. and viii act in entire accord with Fresi-
dent Diaz and his policy
CAN HOLD TWO OFFICES
1T has been reported that General Reyes
cannot hold the Office Of Governor or NueVo
Leon and remain in the army. suggested the
reporter
THAT is a mistake said Mr.. Creel AS
member OF the Cabinet General Reyes was at
the same time both a general of the army and
Governor of Nuevo Leon, but he was not on the
active list, as you might say. In the two latter
caracities AS the active Governor, which he
now becomes he will in every way cooperate
with and support the administration or General
Disz and will be one of the factors Of peace
and progress in the country American invest
ors must be careful not TO allow themselves 10
be surprised by such reports as have been set
ahoat There is good reason for them to have
complete confidence in the future Of Mexico and
the stability of its government and IN Inc ac-
ton Of the people. who are united and compact
sn the idea of keeping the country at peace"
Then the political conditions are not affected
by the retirement of General Reyesg
Mot IN the least The political conditions are
.beol,,tel- satisfactory There is no division
whatever in the opinion of the people Every
body is happy and satisfied with the government
of President Disz. and a strong movement VIII
he made by the Mexican people for General
piaz 20 continue in power for another four
wears. He stin has two years TO serve on his
-resent term General Diaz is in excellent
health and he may accede to the will OF the
people If he should not do so, either Mr'
I.rnantour, the present Secretary OF FINANCES or
some other prominent man will succeed to the
Office without any friction whatever ana WIN
out any trouble CT any kind
THE COUNTRY IN FAVOR OF PEACE
..Tbe general opirion throughout Mexico is in
favor of peace, and nothing viii disturb that
resolution which has not only the support OF the
rich and influential classes but also or the
working people and of the press of the coun-
try"
..wbat Of the monetary situation in Mexico.
and the movement said TO be under way locking
70 the establishment Of the gold Standard!
The low price Of silver under the present
silver monetary system is doing some harm TO
the mining interests and also to foreign trade
because foreign goods Of every description,
which have TO be paid for in gold in gold
countries, are very expensive to the Mexican
people. A change in the monetary system Dg
The esta blishnnent of a ratio between silver ana
gold which might be accepted by otner coon-
tries would prove to be of great oeneht, poth
10 the gold countries which would protect thelr
exports and to silver countries. which would
protect their mining interests Mexico has just
passed law regulating the payment OF import
dlties on a theoretical gold basis by introducing
8 Sliding scale system, by which the amount Of
duties TO be paid is estimated according to the
I,rer7,irrn on gold In this way Mexico viii be
able TO pay without any difficulty the interest
on sts foreign debt. and the credit OF the coun-
try VIII become stronger
What are the general financial and industrial
conditions of the country
FINANCIAL CONDITION SATISFACTORY.
THE financial condition of Mexico. notwith-
standing the low price of silver. is very salts