The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1908-11-16
AMERICAN Cash IN
MEXICO INTERESTS
One Billion Dollars Invested by
United States Down
Manana-Way.
BEST MEXICAN MINES
OWNED IN OUR NATION
Railroads Another Item Into
Whose Channels Flow the
American Millions.

The recent defeat OF MeXico's proposed
anti-foreicn mining law has directed at
tention anew to the vast mining industr!
of that republic and the heavy interest
which American and other foreign invest
ors have in its prosperity. In mineral pro-
SuctIon Mexico ranks first in silver. Sec
ond In copper. fourth in lead and hi'h
IN gold. Mexico Will establish new high
records for this year from elshty-siX I'M
portant mines controlled by shareholders
of this country. The showing VIII be sooo
from almost 400 mines of the second ana
third class. in order OF production. when
are also controlled by American capital
saws the Philadelphia Financial Bulletin.
Investments In Mexican mines, railroads
and related industries 10 the credlt OF
Citiz"ns OF this country aggregate S!.Vvu'
o0o, 900 There are within the Unlfeo
states 267 0O1 recorded shareholders In
these enterprises. Seventy two thousand
former citizens OF the United states re-
side in Mexico. and many OF these are
in charge of inlportan, mines ana otneE
industrial undertakings, who nave DC
come citizens of that republic. ThFee5
"uurths OF the dividend paying mines ot
Mexico are owned in the United states
Residents OF Kansas City alone have $50
QUO. G0o invested in a railway that ira
verses one OF the most richly ninerauleo
PARTS of Mexico. Along the Inc OF 'het
ing interests in which citizens of Kansas
City and vicinity are Shareholders
OHe-half of the traffic OF Mexican fali-
ways Is :or account ui the mlninS IN
dustry and 80 per cent Of her exports are
minerals and metals. Mexico can show
the largest richly mIncralzcd area in the
world FOR q country uf equal area, lSI 326
square miles The number Of her mines is
%, COS. and &C per cent OF these arc "ltnin
an area of 1852 miles square. \ numoer
Of these have been worked for three CEN
sN~Rt or a al
Mexico since 1927 would make q mass ten
feet square aud G000 feet nigh, Mexico
had mint as early as lo15. whose COINS
changed the ratio between gold ana silver
from 10 II TO to 10. The silver output
II Mexico was for upward OF two and
ope-half centuries controlling iactoT IN
the upbulding OF the human race IN all
parts Of Europe. America and Asia. More
than one-half the silver current IN the
world came from Mexican mines. Some
OF the oldest mines in this wonderful
country though worked Tor generations,
ere conditioned for further prontable oper-
alton for many years TO come.
Many OF the best mines OF Mexico are
owned by close corporations that have
returned In dividends many times the or
igInal capitalization. Stocks of these
properties are hardly ever sold on the
exchanges at home or abroad There are
European and Mexican families in whose
possession very rich mines have been for
centuries. Although Z considerable area
nt the mineralized parts Of Mexico has
Jgtn worked EOf IksluN years. NHtI- az
sections known TO possess rich gold. sill
Yer. copper, lead and zinc ores that are
remote from railways. and may not be
developed for many years.
Mining is carried on Ia twenty-six OF
the thir;y-ono states and territories Of the
Mexican republic. and the mipC raj out
put has doubled in a quarter OF CEN
turv. So large have been the returns
90 Americans vino embarked in mining
in Mexico few years ago that thousands
OF railroTd. mining and transportation men
have pinchad themselves In every iinan-
ulal way In order To pUt money Into
Mexico investments, The outflow OF Amer
ican capital into Mexican enterprises
within a decade has even been q factor
ia bringing about the scarcity OF money
for the development OF number OF trans
povtation and manufacturing industries at
home. This condition is notably shown
by the Increasing development Of gold.
silver and copper mines In Mexico by
manufacturers CT copper. brass, iron and
steel goods In the middle and eastern
states OF this country VINO are associated
with shareholders in Michigan. Montana.
Utah Nevada. Colorado and Arizona
i.lInes in control OF Mexican mines and
railways.