New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-04-11
VANDERBILT OPTIMISTIC
,,,urns from Trip to Pacific
". Gimme and Northern Mexico.
POPULATION GREAT NEED
.,.,derful Resources Still Re-
ain. Banker Says, and Great
Progress Is Being Made,

- vanderlip. president OF the
.....o,al CITY Bank. returned here yester-
,,on, a thirteen thousand mile TIP
o. the West. Southwest, the Pacific
49,. and part OF Northern Mexico. He
s.,,sv nearly eight weeks. and although
.r,,c,nal object OF his trip was TO study
ts !,,ors on the Hartman lines. he also
Co. carefully into the general CONNER
al situation in the territory he visited.
-. ..,s Re was much impressed with the
'',s,sss OF fundamental conditions in the
80, and that there was no doubt as 70
.oupdness % banking conditions there.
-. hanks In that section. he declared.
veil I'D in tae.- reserve. and in many
- had more money on hand than they
.o,s employ probably in their own imme-
s,,ts neigh5orhood.
-rbst struck him most on his trip. Mr.
,.,a.rlip SAID, was the great advance be-
49, made IN irrigation. not only in the arid
,s,-,c,s Of me West and Southwest. but
=. r,pfornia. Washington and Oregon, and
20 u Mexico. Land heretofore deemed
-,-,sless he said. had been reclaimed and
80. now worth from $50 to SEQ an acre.
.--s,,oirr immense crops. The same was
Ia true. he declared OF the swamp lands
- certain sections Of Louisiana. which after
s.,,r drained were made 10 yield immense
.-ons and were very valuable.
sosakiDE Of the crop outlook in the terri
49,, he visited. Mr. Vande-lip said II was
,oos hoth North and South. that there had
s..n The normal amount of moisture. soil
.,,s,,,ons we're excellent and that II looked
:, him as II there was a fair chance for a
hll crop
4. regards BUSINESS generally. he said
,,,tr was good. although trife slow. and
RAT persons n the West were in a con-
ss-vative mood as regards the outlook The
,.aroads. ne added. were doing pretty near
a much business as at any time n their
history. ard were handling the traflc more
.rpesitiouslv than ever before. owing to
-. hundreds Of millions Of dollars that
hs5 been spent in improvements and equip
-snt in the last few years As evidence
thar the railroads were pretty near the
s,sh water mark Of eficiencv. he said that
~ rad not been DELAYED hve minutes IN
n,s whole -rip over the various lines.
The condition Of the Hartman lines, Mr.
vsr5erllp said was excellent. and he also
sccke l.s.aa u AAAG 81 --fA &c ~~-'--->
extension. over which he came on his re-
mn East He said it was magnificent
,silroad. with a maximum grade that no.
vs.rA exceeded per cent except where
ne mountains we're crossed
gr varderlip said that everywhere on
y; TIN he found an intelligent understand
M Of the proposed Aldrich bank law and
hat he found no opposition 70 ir but on
tbe contrary a desire for II everywhere. He
said he did not think the contTovsrs over
the Oklahoma guarantee bank law was one
which vas likely 70 assume an aspect OF
rational Importance He expressed himself
a. fayorably impressed by the bank guar
antee law Of Texas. which provides a
guarantee only for such deposits s receive
no interest. and said that not a single fall-
IRA had occurred under this system.
In regard 70 the recent Minnesota rate
decision. Mr. Vanderlip said IL was very
important 70 the railroads and was en-
corraging as signifving that n the long
run he people Of the country might be de-
r--sea upon 70 deal fairly with the corpo-
Irarons. He ADDED. however. that y re-
rs ned 70 be seen what the Supreme Court
would do in the case, as It would IN
as1Dtedly be appealed.
ar Vanderlips "trip into Mexico was
over ne Southern Pacific OF Mexico. which
n;ns down the western coast for some seven
hurdrsc miles He said lie found The con-
siruction Ct the highest grade and thai the
-os1 was handling a fair amount OF traffic
which ~ doubt would be considerably aug
nenteA when connection was made with the
Isxczn Central ar Guadslaiara, which was
ne present objective point. although the
mad had g franchise 10 build TO Mexico
C.iv
He SAID that the insuTTectos had not in
.srfsrsa with the Southern Pacific in Mex
!,0 except 70 burn a culvert or Two. and
thar there seemed 70 be no disposition on
,hs.r part 70 make trouble for Americans
there or disturb their PROPERTY. Speaking
Of the general impressions received from
Us tr.. Mr. VANDERBILT said
No one could make 4 Journey Of thirteen
tho.ssnI miles. such as ! have. without re-
urring highly optimistic. Whatever may