The labor journal. [volume] (Everett, Wash.) 1909-1976, 1911-03-31

ways, the American financiers own
what is far more important, the railway
bonds; large agricultural, commercial,
and mining concessions in the Republic
are held by Americans; it is Americans
who have given Mexico light and power
and heat and means of urban communi
cation; it is American engineers who
drive the trains, and American man
ayers who operate them; American
artesian wells are irrigating the dry
country, and American steam plows are
tilling it, and American harvesters are
gathering the resultant crops; American
managers are found in charge of the
banks and mines and mills and hacien-
das; it is American prospectors and
| pioneers who are opening up the waste
places of the Republic to commerce and
civilization. And still American capital
comes rolling in. like an memorable
wave of fate In the history of the
world there has never been so complete
and successful commercial invasion of
nation. This invasion has come from
the North, quietly, silently, without
blare of bugle or rattle of drum, but
it is proving far more inimical to
Mexican independence than did ever
the march of the Conquistadores from
the South four hundred years ago.
1t is the bondholders, when all is
said and done, who really order the
in this particular case are to be found
for the most part in Wall Street and
Capel Court. Just at present Mexican
securities stand reasonably high, but
they are flutterng and every day that
adds to the age of Diaz makes them
flutter more. Should an instruction
or civil war follow the death of Diaz,
with consequent undermining of the
public credit and the enforced cessation
of industry, there would be a slump
in Mexican securities. And it is Just
such a slump that their holders-chief
among them the Standard Oil and the
Morgan Guggenheim interests-are de-
termined to avoid. 1t requires no UNI
usual amount of perspicuity to see that
if Mexico could be assured of sane
and stable government after Diaz' death
there would be no slump in Mexican
securities. What, then, if the bond
holders and concession owners could be
assured of government as stable as
that of the United States, and, above
all else, government friendly to
American interests? Why, in such an
event, Mexican securities of every
name and nature would 90 higher than
an aeroplane And that is precisely
what those bondholders and conces
sionaries intend shall happen. They
intend not that the government of
Mexico shall be as stable as that of the
United States, but that it shall be the
government of the United States-and
therein you have the long and the short
of it.
President Diaz will pass away in the
fullness of his years; Corral will claim
the presidency; the Anti-re-e lectoquis-
as, or the Reyistas or some other fac
ton will try to GUST him; uprisings will
start in the disconnected North; the
unsubdued Yaquis and Mayas will take
advantage of the general confusion TO
pay their Mexican masters some of the
debts they owe the anti American
feeling which exists from one end of the
republic to the other will manifest it.
self by the stoning of American houses.
the destruction of American property,
perhaps by the shooting of American
citizens. And in all this the secret
agents of the foreign financial inter
ests will take good pains to whoop the
Mexicans on to their own undoing. An
American "Army of Pacification" will
enter the country to protect American
interests and to forestall any attempt
at European intervention; an American
protectorate or political dependency or
sphere of infuence-call it by what
name you wish--will be established, and
a puppet will be installed with all due
ceremony in the presidential chair, with
an American political resident beside
him to pull the strings and an Ameri-
can army of occupation to back his or
ders up.
That is about what will eventually
happen in Mexico, and most intelligent
Mexcans know il and dread it, from
the president down. In April last dur
ing the course of private converse
ton, General Diaz expressed the fear
that upon his death exactly such
state of affairs as | have outlined
would come to pass"
| Professor Powell must certainly be
congratulated on having prophesied ex
actly what would happen with great
accuracy. This accounts for the ru-