Bisbee daily review., 1910-09-04

eniisting the assistance of foreign
 capital The invitation has been ac.
 cepted. and foreign corporations have
 discovered that, besides yielding
 what alone the conquerors valued
 silver and gold-Mexico is rich in
 copper and lead. and will some day,
 when other sources of iron ore are
 becoming exhausted. supply us with
 what we now sell her-iron and steel.
 The number of foreign mining con,- panies in Mexico is 1116. Of these.
 about 57 per cent.are controlled by
 citizens of the United States. It Is
 not possible to segregate the produc- tion of foreign mining companies from the total, which has steadily
 grown until Mexico leads the world
 in the production of silver, with i s1. .147.203 ounces in 1907-ranks fifth
 in the production of gold, which un-
 til recently was a neglected branch
 second place in the production of cop per, that for 1907 having been 61,127
 tons. She Is only exceeded in the
 production of lead by the United
 States, Spain, Germany and Austra- lia. The French company at Boleo, from its mines in Lower California ttook the lead in copper mining. but
 American companies now make about
 75 per cent. of Mexico's total. And
 lead smelting is almost entirely in American hands.
 John Taylor, in introducing Mex ican mining to the British public
 said. in 1924: "The Mexican people will eventually be much benefited by the application and use Of our steam engines. and probably by some other improvements we may carry with them. They invite our assistance in a friendly manner. and there is no doubt that the enlightened part Of the nation will regard us favorably We ought to do our part to deserve their confidence and support. connec- ton may thus be established which may be beneficial to the present and future generations of both countries. 1" John Tayior's Selections from tn. works of Baron de Humboldt, 1s24 page 419)
 MT. Taylor's anttcipations havs been fulfilled so far as they refer to reciprocal material benefits, and his hopes have not been contradicted that besides financial gain interua- tional amity has in the long run ac- crued through the commercial inter course of foreign investors and the people Of Mexico.
 It was chiefly English capital that in those early days embarked in Mexican mines or furnished machin-
 cry to native mining companies.
 United States available for foreign | investment. Tn the next decade the
 Texas question was settled adversely Ito Mexico, and in the fourth decade
 of the century the Mexican war broke
 out, resulting in the loss of Califor- mia by Mexico. The neighboring re- publics were not drawn together by
 these successive conflicts, but 1t was another war which obliterated the
 rancour and distrust on the part of
 the Mexicans against the United States. When Mexico was invaded lby the French, and Msximilian en- ldea7ored to found a Mexican empire. though the United States were in
 yolyed in their own internal struggle,
 sympathy went forth abundantly to
 Mexico, and if was perfectly under.
 stood that this fraternal feeling
 would find expression in acts con
 formablyto the Monroe Doctrine, if
 necessity required. From the date
 of the Maximilian invasion, Mexico has recognized the United States as an ally and not as an enemy, and therefore the current American mon, ley commenced to flow southward
 across the international boundary
 since then the financial rivulet has
 become a flood of such volume as
 not unnaturally to excite some un
 easiness in the Mexican mind Ameri can money Is now building most oi Ithe Mexican railroads and workins , not only old gold and silver mines but proving that the rocks Of the . lrepublic are rich in the inferior . lmetais. which in the past were neg , lected. partly because they coult mot have been prontably recovered lon a large scale without the aid o fl ailroad transportation.
 Il From Dr. Penaners Statistical Ia . bIes of the Movement of Minint , Companies we gather that the aver : lnge annual invstment in mines dur ling the sixteen years between 1892 r 1907 has been. reduced to gold, S7. , 000. 900. of which Mexico contributed about 51 per cent, and the Unitet - States A per cent. But durin, } that period substantially all the larg' lmetallurgical establishments hay, ? been built by American capital, an, ! are managed by Americans. Unite, : States Consul General Barlow est! - mated in 1902 that there was thel ' $s0. 000.000 of American capital in | Ivaafod sn 7ulnaa Thak 2~zr~a q. ,,v