Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1906-03-27

4 if
the financial editor Of the New York
World, who carefully investigated the
history of foreign bond transactions in
the United States and afterward adj
mitted through the financial columns
of that paper that this statement was
absolutely true. These bonds are now
quoted at los. One hundred and ten
millions of five per cent Mexican gov
eminent bonds, which were sold by
| Cook & Co. at 81 are now quoted at
lo2h and 1os. Six million dol
lars of Vera Cruz Pacific rail
way bonds, which were sold by
Cook & Co. at $3.50 silver are now be-
ing paid off at the par value of $500.
Mr.. Cook is now negotiating for the
sale of $1,0oO,000 of first mortgage five
per cent gold bonds of the Pan Ameri-
SO high is the credit of the Mexican
Guilty whatever in dtsposing of these
bonds.
loWans in Evidence.
Mr.. Cook began his financial career
in Ottumwa over thirty years ago, hav-
ing established in that city the loan
business Of O. M. Ladd & Co., which
has had an uninterruptedly successful
career ever since and Is now being
conducted under the name OF the
Phoenix Trust company. Mr.. Cook
stated that in view of the present
prevailing rates Of interest, it was in
teresting to recall that his first loans
negotiated in Ottumwa were made at
10 per cent interest and in addition
the borrower paid a commission of 10
per cent for securing the loan. Mr..
Cook went from Ottumwa to Chicago
and afterward to New York, where his
| banking firm has been highly success
full.
The Fan American railroad. whose
bonds are now being negotiated by
Cook & Co., and to which the Mexican
\ government has granted subsidy OF
nearly. $4,000 gold per mile, starts at
San Geronimo on the line of the Ma
tional Tehuantepec railway and ex-
| tends in a southeasterly direction
across the southern Mexican border to
the city Of Guatemala and will be when
completed 800 miles in length. 1t is
destined to be a part of future trunk
lime Of railway connecting North,
Central and South America.
y AS have already remarked,
former Iowans are everywhere in evil
J dence in this country. The vice
president and general manager OF
the Pan American railroad is
4 J.. M. Neeland, of Los Angeles, Cal,
formerly of Des Moines, Iowa, and who
married Miss Katie Rubleman, daugh-
ter of the late Jacob Rubleman, OF
Muscatine l met Mr.. and Mrs. Nee
land in Mexico City, they being then
enroute in Mr.. Neeland's private cal
to the southern border of Mexico
where Mr.. Neeland was going on bus
!, mess connected with his railway oper
atoms.
AT Guadalajara met Nathan Udell
formerly of Centerville and Oskaloosa
and a nephew of A. s.. Udell, of Ottum
| wa. Mr.. Udell is in the real estate
; and loan business and with his part
J ner is the owner of 19-year paten
/ for all Mexico of an alcohol illuminat
| ing lamp which gives promise of max
ing him a wealthy man long before tht
patent expires. Mr.. Udell is one o
Iowa's bright boys that by their owl
unaided efforts have won success II
Ethis faraway country.
+ The Y. M. c. A. In Mexico.
The Y. M. g. A. is obtaining a firm
: hold in Mexico and other Of the larger
:, cities of the republic. 1t was
!, first established in Mexico City in 100;
for work among English speaking men
About year ago a Mexican branch
was opened up for Spanish speaking
men. The English branch has now 55t
members and the Mexican $50. Hon
Ramon Corral, minister Of the interior
/ and vice president of Mexico, is pres
J ident Of the advisory board Of The
Mexican Y. M. G. A. and is honorar!
, president of the association.
A Grand Work.
One of the grandest Of the educa
!, tional and religious institutions ii
!, Mexico City, in the practical result:
! accomplished, is that now being car
!, ried on by an Irish Catholic priest
; Rev. Father A. M Hunt. Father Hun
, has established mission and schoo
. in the poorest quarter of Mexico Cit.
I and is gathering up the street waif
, and boys from the poorest Indian fam
f lilies. He is not only teaching then
' the principles Of Christian religion bu
f is educating them into self-helpful, re
t liable citizens and is sending them on
| competent to make a living for them
i selves, and to attain to quality o
}; citizenship far above that Of thei
, parents and their natural surround
. ings. These boys receive a practica
5 business education and are laugh
: English, Spanish, French and Astec
e the latter language being still in u.s.
1 by large numbers Of the Indians il
4 Mexico. Father Hunts noble worl
. enjoys the special patronage and sup
of Mrs. President Diaz and othe
8 prominent Mexicans.
EDDYVILLE.