Los Angeles herald., 1910-12-31
AMERICAN MONEY POURS
INTO MEXICAN INDUSTRY
Mines Long Idle Resume ProduC-
tion, and Prospects Are SyS-
tematiCaIIy Developed

SAN ANTONIO, Texas, Dec. 30.-American
capital is still being poured into the mining
industry in the republic of Mexico. Mining
men claim it is a domain that is destined in
the future to become the greatest producer
of the precious minerals Of any country In
tho world. Its mineral storehoEse has barely
been touched, Notwithstanding the fact that
scratching around the surface in spots has
been in progress for two three centuries
and untold millions of dollars of wealth IN
gold, silver and copper have been extracted
There is scarcely state in Mexico In when
mining is aot carried on more or less eN-
tensively. In the localities where the mines
are advantageously situated as to railroad
transportation facilities and other modern ad-
juncts to successful and profitable mining
the mineral development has made giant
strides during the laA few years.
The Guiana iuato district may be cited as an
apt illustration of the wonderful things that
can he accomplished by the adoption of mod
orn methods Of mining operations backed by
ample American capital and the exercise OF
the in6omitable energy which characterizes
these invcstorr. Ten years ago Guanaiuato
was a dead mining camp. In the times OF
the Spanards it had produced an enormous
amount of rich ore. but for one reason and
another most OF the mines were abandoned.
The fuel problem was the main cause for the
ircperation OF the mines. Then came the in
stallaton of n great hydro-eectric plant at
El DuIo. state of Mchoacan. The fact O. I
Guanajuato vas more than 100 miles away
from this electric generating plant did not
deter its far seeing promoters nom carrying
out their plans of providing cheap power FOR
the operation Of the machinery of the mines.
ELECTRICITY ARRIVES
a transmission line was built to Guanajuato.
American caoital began to flow into the an
cient camp in a steady stream. Old mines
were .reopened and new ones developed. Dur
ing the last few years many millions Of dol
lars of American money have been invested
in the GUIANA juato district. 1t is now one
OF the busiest localities in Mexico. 1t is pro-
ducing enormous yield of rich ore each
day. Some idea of the extent of these mining
operations in Guanajuato may be had when
1t is authoritativcly stated that more stamps
are now dropping in that one district than
there in the whole state of Nevada. II
is strictly an American mining district Cheap
power is the secret Of this rejuVenation and
/ development that has been accomplished in
that district The same thing Is going on in
the mining district of El orc. state of Mex
leo; at Iachuca. state of Hidalgo, and at
Santa Eu. ALA, state of Chihuahua.
American projects are foot TO es-
tablish other large hydro-electric plants in
various other localities of Mexico, particularly
at La Joya and near Santa Rosalia, both on
the Conchos river, state of Chihuahua. and
on the Santiago river near Guadalajara, all
with the special object in view OF transmit
ting the power thus generated to mining dis
tricts whose development is now being re
tarded on account of the heavy cost Of
power In all portions of Mexico where the
precious minerals exist steady development is
in progress. 1t is a notable fact that Amer
lean capital is far in the lead when II comes
to the source of this class of investments.
In fact. in some Of the mining districts Amer
leans are practically in control of all the best
properties. This is true, not only as to the
more accessible localities, but also in the re-
mote camps which are reached by long and
dangerous travel over mountain trails on
burro back.