Bisbee daily review., 1907-07-21
BOOM |SSHORTLY DUE IN OLD
 MEXICO
Foremost Mining Engineer. Writes interesting Report of Conditions to the Boston Financial News,

II. T. Wiley. an American mining engineer of wide experience is quoted by the Mexico City correspondence of the Boston Financial News as fol- lows:
 Mining like any other business. is accompanied with inevitable risk. Like any other business it is also largely affected by conditions that are world wide in their scope and by fashions that seem to be inherent in human nature and especially in the nature of the great investing public. The history of mining of the last thirty years proves conclusively that the attention of the world has been centered for 9 time upon one partic- ulaT section of the earths surface Half century ago California was in the limelight. Later came. the west ern mining states only to give place to the vast work of development in South Africa. Then was witnesses the intense and widespread enthusi- asm regarding the Alaska fields. Afterwards came Tonopah. only to be succeeded by a great boom in the Cobalt region of Canada.
 Now. as a matter of fact, Mexico, possessing though it does, inexhausti- ble mineral resources. has not yet ever had what might be called a min ing boom. There has been substan- tial and well-sustained mining devel- Opment in this country, and of late this has increased tremendously, but thus far Mexico has not experienced what might be called a great mining 1 boom like that already remarked in California, South Africa, Alaska. Ton opah and Cobalt.
 "I am satisfied that this boom is now due to arrive. and arrive in the very near future, and when I say 1 'boom,' mind you, I do not mean an unreasonable speculation in mining accompanied by the organization and Notation of a great number of bogus mining companies, but rather that the attention of the investing world will be fixed upon Mexico just as it has been upon the countries I have men tioned, and that the amount of money to be invested in Mexican mining properties by persons of means the round world over will amaze financial circles and give to Mexico an impetus
  most ardent optimist in this republic. T have said that the mineral re- sources, yet undeyelOped in this coun- try, are practically inexhaus6ble These resources have awaited only the OppOrtune moment to be eX- plotted. That moment is now arrived. Conditions that obtain today in the United States discourage foreign and even American investors from invest ing in new enterprises there. I am as loyal an American as breathes. I have no sympathy with the cry that things in my country are going to the deminition bow VOWS. I believe there is no sound reason why the in yesting public should be skeptical re- garding the investments in new enter prises in the United States. l am convinced that the government there is as stable as anywhere in the world. Yet in spite of all this, know that it is now impossible to convince the vast majority of investors that my opinion regarding conditions in the l United States is correct. Capital is timid, British. French and German money will not, so long as the pres ent apparently uncertain conditions ! obtain in the United States, seek in- vestment there. Foreigners have re- gently sold American securities, and this selling movement is likely to con tinue. As for investments there has been, and there is likely to be, none until the present feeling of unrest is | past
 "It is just here that Mexico Is pre- sented with its immense opportunity. | The coffers of France, Great Britian i and Germany, not to speak of the United States. will be opened and a l steady streams of gold will pour into Mexico for investment. These invest ments will first take the form of mining securities. and the millions | that will come into Mexico will lead to one of the most impressive and substantial mining booms the world has yet known. I would not be sur prised to see Mexico in the next twelve months take the position that was once held in the mining world of South Africa, Alaska and the min. ing states of the great reptile to the north.