The Washington herald., 1909-03-14

Mexican finances Is the subject Of q
long article in a recent issue Of the Mexi-
can Herald. one OF the chief political or
gans Of the nelghboring republic. The
article contains a statement OF the reye-
nues OF the state. which on foreign COM
merce yield about $23.000.000 on the public
services about SS.500000. and on internal
taxes about SIs.OO0.0O0. The disbursements
are within the revenues and the nation Is
not going in debt.
The Mexican Herald calls attention TO
the elimination Of the tax on exports OF
henequen and ixtle and 80 per cent re-
duction on the consumption Of meat in
the federal district I'm the interests Of
tightening the tax burdens Of the people
The Herald then quotes as follows from
the reports OF the government concern
ing farming and mining industries, which
are in depressed condition:
Would Sustain Mining.
The executive deeply regrets that it is
unable 10 cooperate in other ways toward
sustaining the mining industry. which is
seriously menaced by the depreciation Of
silver II has. indeed. facilitated the ae-
quisition Of cheap fuel by initiating Iegis-
latiOn permitting the free importation of
crude oil 10 certain mining concerns
which. giving employment TO thousands
Of workmen. would otherwise ere this
have suspended operations or would be
on the eve Of suspending them. II has
also postponed the approval OF certain
notifications in freight rates for which
the railway companies with considerable
justice have been applying, but which
might have wrought some hardship 20
the mining interest
But the executive realizes that these
and other measures which aim at bene-
nung that interest will not AFFORD any
appreciable compensation 10 the majority
Of mining concerns FOR the heavy losses
arising from the extreme depreciation OF
metals not found In combination with
gold Perhaps copper and lead viii cor
tlnue 10 Improve slowly bat steadily
thanks 70 the revival OF the industries
which require large quantities Of those
metals: but the future Of silver is al the
present time so uncertain that IL would
be idle 20 attempt any forecast as 10 its
course during the coming fiscal year.
Does Not Fear for Farmers.
As for the influence which our farming
Industries are likely 10 exercise on eco-
nomic conditions. as from july next.
DO not see that there is any need 70 take
a despondent view. in spite OF adverse
. factors that may arise. II IS true that
the Unquestfoned insuficieney Of the last
crop and the probable insuficiency of the
corn crop VIII leave to wage-earners only
small available margin Of their earnings
Tor other purchases; but II IS not 70 be
forgotten that the effects Of a good or had
crop are discounted while il is vet stand
Ing, and there is fair ground for hopinr
that IN the period comprised between
July. l@9. and the end Of June 1910 eli
matte conditions will not be persistentlv
as unfavorable as they have been Of late
years
some benefit is also 10 be expected from,
the Efforts that are being made 10 give
ADDED impetus 20 agriculture in its varied
iorms- A strong current OF popular sentI-
ment IN favor OF husbandry has now set
IN. and the executive hopes that the Gre
alton OF the Institute for loans N ir-ie-s-
ton works and for the announcement Of
agriculture, the liberal grants IN money.
franchises. and other facilities which the
department Of fomento offers To agricul-
turaI concerns, and, finally. the investira
I ions. experiments. and demonstration
/ conducted BY the government for sbA
I oenent OF the farming interest VIII re-
suit in the rapid transformation OF our
soil, 50 that IL may yield 20 our own peo-
pie and 10 foreign peoples in ever-increas-
ing abundance the many and varied prod
uclS which x is cana bic NJ C1rnr,1t{---