Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-12-04
MEXICAN ENTERPRISES.

ola Mexico IL n land ~ great oppor-
tuuities for American enterprise. There
are vast areas IN that country that
are capable Of high cultivation, ana
there are openings for industries OF VA
lious kinds which could be made OK
ceedlngly profitable II placed under
American direction, with American
SKIN machinery and agricultural Inn
rlcmeu,s. Great stretches Of It. how
ever are without water-rlghts for IT,
rgation. and could not be depended
upon FOR dry farming
A very large part Of the land can De-
bought at reasonable figures, and a
number Of companies have invested
means IN that direction. Some OF them
are undoubtedly valuable possessions,
which have yielded large returns, even
under the sllp-shod management and
poor arrangements common TO that re-
gion for centuries, Under American
enterprise they are giving promise of
immense profits; for labor is cheap the
climate is fine particularly in the higher
attitudes, and the prospects Of splen-
did success are reliable and in the high
est degree encouraging,
This however, applies only to such
corporations ana companies as ARE bona
iidc, and not to those speculative ven
lures organized for the purpose of In
ducng people with little money TO en-
bark on doubtful voyages. There are
many OF such pretended mining and
agricultural concerns that are little or
nothing but bats for suckers. II Is
such frauds as these that Consul-Gen-
oral Parsons Of Mexico City denounces,
In report published in Consular and
Trade Reports for November IA, In
which he says
Americans should not invest In Mex
lean enterprises except as the result
of personal investigation or from re-
port known to be reliable. They should
not conclude because reputable bank
ing companies In the United states act
as trustees for Mexican enterprises that
shares of stock In such concerns must
have value, as these trusteeships as u
rule have no bearing on the soundness
of the proposition or the value Oh the
stock, which may be absolutely WORTH
less. Promoters Of the rankest FRAUDS
iu Mexico usually seek 70 CLOAK thelr
designs with some degree OF respect
abilify by getting men OF reputation
and wealth IN both countries Interested
In their enterprises, The promoters
have printed In their circulars names
of MANY distinguished Americans as
youching for their business ability ana
integrity. and then trade and sell the
stock on the strength of the names
with a knowledge that the enterprise ~
a fake. These names are generally oD-
tulned by the willy statement OF tho
promoter who promises great returns,
and frequently the names are used
without authority
BY quoting the, above paragraphs we
have no intention OF belittling In any
way, those promising enterprises In
Mexico which have been described and
spoken Of approNngly IN the Deseret
News. They have every appearance OF
prosperity ana pcrmanence. They have
yie'ueo "'s ''''' 10 ''' '''N '''''' "
taoiishea on solu paS's' anu u','''
American management VIII uouougSs
NUM- every guaranty ana pIo'"iS'' CIV
en- to persons who have taken on may
take ShaIes IN inc capital StooA o' '''e
companies mentioned we learn iu'-
ther thal the ul'e' 90 'he Ial'oS 'nsy
nave purchaSed nie ooihp'e'e' 'he "o-
stracts gong mack TO 'he earliest tunes
ana having ueeh PASSED. upon Dy some
OF the AiSneSt les'! talent 'l the Re-
puhuc.
I'M. Is " point TO be. CLOSELY invests
gated ny all persons ana companies IN
purchasing la0dS'h GA Mexico The
t'''e may oe PERFECT Dach Tor long
Periou' out Inc purchaser ls It'oie 10
run against some oid spanish grant
"'''Vh J" case Oh uusa'on may over
,uIh Nis pans ana Ie''e h'in' el'h'r on
'n' linus VI ui'oeI'''''''' OF 'Nei"h''ih-
ea N''' '"e waters 'l uiSpoSsesSon'
''''''' COY. r. ""d '"u'ioh are necessary III
1N'H AINAiNd4 llFtNNn'ilS ana WILDCAT
specul"tioos That look well on paper