Bryan daily eagle and pilot. [volume] (Bryan, Tex.) 1909-1918, 1910-12-05

lis freely intermingled with American
money in the opration Of mines, nan
ufacturing plants, railroads and other
kinds of projects which are doing so
much towards the development and
|uppuilding OF the country. The liber-
al policy of encouraging investment
OF foreign capital which President
Diaz inaugurated with the beginning
of his administration Of public affairs
was but little taken advantage OF I'M
til a demonstration Of the stability Of
the Diaz regime was given.
1t was seen, when capital began to
take up the opportunity, that the
country was teeming with undevel-
oped wealth. Its vast mineral riches
had been barely touched, its agricul-
tural possibilities were beyond n
dreams of conjecture, and other fac
tors that have turned the tide OF
wealth and imagination toward Mexico
are found in its abundance of various
kinds of raw material which only
awaited the advent of manufacturing
plants to supply the people with prac-
tically all of the needs and many OF
the Injuries of life. In addition, both
the Pacific and Atlantic coast lines
possess a number of natural harbors,
which could easily be converted into
great marts of import and export traf-
fic.
Next to the government OF the coun-
try, the railroads have been chiefly
responsible for the great industrial
and commercial advancement OF the
last twenty years. English capital
was behind the first railroad built in
Mexico, the Vera Cruz line, extending
from the port of Vera Cruz to the
City of Mexico. When new lines OF
railroad began building through Tex
as, with the Rio Grande border as
their prospective objective point, pro-
jects were set on foot to construct
lines in Mexico that would connect
with them. This brought about the
building of the old National and the
Mexican Central. then followed the
network Of railroads that the Republic
has today. The Mexican government
inaugurated the policy of owning a
majority of the stocks of the princi
pal railways of that country a few
years ago. In the wake of the rail.
roads, have come enterprises of va
rious kinds.
II is said Mexico is destined in the
future to become the greatest pro
Queer of the precious minerals of any
country in the world. There is scar
cely a state in which mining Is not
carried on more or less extensively
Wonderful things have been accom-
plished by the adoption Of modern
methods in mining operations, backed
by ample American capital. Ten years
ago, Guanajuato was a dead mining
town. In the times of the Spaniards
it had produced an enormou amour
of rich ore, but for one reason OF
another, most of the mines were
abandoned. One Of the rasons wa.
the fuel problem. Then came the in
stallation of a great hydro-electri'
plant at Ell Duro, state of Michoacan
A one hundred mile transmission lint
was built to Guanajuato, and man!
millions of dollars of American none,
were invested in the Guanajuato di
!, trict. It is now one of the busiest lc
~ca1ities in the republic and Is produC
: ing an enormous yield of rich or
: each day. American projects are nov
: on foot to establish other large hydro
d electric plants. The American Smell
r ing and Refining Company Is n
b the largest aggregations of America
e capital that is bringing about a gres
increase in the mineral production
of Mexico.
American capital is invested in tn
II 500. OOO, 900 iron and steel plant