El Paso herald. (El Paso, Tex.) 1901-1931, 1911-03-18

M other country ever depended
more on foreign capital for the
development Of its resources than
are furnishing the major portion OF
the funds with which the numerous
great projects are being developed In
vestment in Mexico is practically as
safe as investment in the United
States. but so few people realize that
fact as yet that competition is not
great and large profits are the result
A dollar judiciously invested in Mexico
will soon bring back another dollar
in profits. And yet some investors
arb not entirely satisfied with condi-
tions.
Some Mexican Dividends.
A stockholder in an American mine
near Monterey recently was discussing
conditions in Mexico He observed that
taxes were terribly burdensome in these
latter days. and that the people were
not to be blamed for wanting a change.
Take our company, for instance" said
he, IF it were not for the burden
some taxes assessed against us Yves
would be able to declare dividends OF
nearly 100 percent a year" A fellow
traveller inquired what the profits of
his company had been in the face Of
the taxes. oh" he replied, I'VE have
been clearing in the neighborhood Of
so percent year on our investment"
The English capitalist was the first
to entrust his money in the care and
keeping OF the Mexicans. When the
Diaz administration began its policy Of
, encouraging the investment of foreign
capital in Mexico, the American and
the Brftisher turned their streams OF
gold upon the undeve1oped resources,
the American cautiously at first but
the Britisher with considerable liber-
alfty. For many years English capital
was master of the situation, and It
seemed that Mexico was to be don1i-
mated by English capital But as soon
as the American capitalist was sure
the financial ground was firm he be-
gan to pour in his gold in lavish guam
titles. His investments and holdings
have grown so rapidly that the entire
trade world now recognizes the su
premacy of American capital In Mex
leo. It's railroads are for the most
part built with money furnished by
Wall street. It's mines are largely
worked with American capital. It's ag-
riculturaI lands are being exploited by
American companies. It's timber re-
sources are being developed by Ameri-
can mills.
Americans Have Billion There.
The United States consul general to
Mexico City, Arnold Shanklin, has been
making a careful investigation Of
American interests in the country and
he estimates the holdings at fully a
billion dollars. In his opinion there
are at least $4,000 Americans residing
in the republic, the majority Of whom
have, greater or smaller investments in
Mexican property. American business
men have invaded every field. Where
once their activities were limited to
railroad building and mineral develop
nent. today one may see them operat-
ing hotels. running department stores,
selling Mexican curios. publishing
newspapers. conducting automobile
agencies. and participating in every
other line OF business to be found in
Mexico.
One encounters Americans In the
most unexpected places. When the
tourist goes out TO San Angel, the
flower garden of Mexico. and to the
famous San Angel inn, which once was
the convent of the Carmelite monks, he
finds the innkeeper to be man who
acknowledges Missouri as his native
state. Here one may play billiards
upon the magnificent table that once
graced the palace Of Macmillan. In
Mexico City there is a. small sky
scraper with great gilt letters at the
top announcing 1t to be "Edificio
Roosevelt" 1t houses the famous GU
rio place called Aztec Land" which is
conducted by an American a few
blocks away is a quaint little place
known as The Original Hole in the
Wall" It's proprietor is an Irishman
from Dublin, who stayed in the United
States long enough to become an
American citizen. Here ope may buy
anything from "a nice well behaved,