The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-04-24
FOREIGN MONEY
NOW IN MEXICO.
american Capital Takes Lead
in Opening Resources of
the Country.
NOT AS POPULAR
AS THE ENGLISH
Our Aggressive Methods Not
Entirely to the Liking of
MeXicans.

True 10 their traditional character, and
like their blood cousins south OF the
Caribbean the MeXicans have allowed
the foreigner to exploit and develop the
marvellous mine and surface wealth oil
their country OF the thirteen millions
OF Inhabitants in the land OF the Aztec,
IL is therefore. not surprising TO learn
that there are only thirty thousand bona
fide workers: the majority of them arc
mericans-Gringos. they are cslleo
there-sevcral thousands are British. tho
remainder being French and Germans,
SAYS the Sheffield Telegraph.
In various industrial enterprises the
United States has contributed one nun
dred and fifty millions of capital-ster-
ling currcncv Britain has invested one
hundred million pounds at least and Ger.
man and French capitalists divide about
fifty million pounds sterling between
them--the total Of American and Euro
pean capital being. therefore. three hun
dred millions sterling.
OF all The commercial invaders, the
American is the least popular AS In
South America. his aggressive mclhods
do not commend themselves 10 the de
sCcndants Of the Hidalgo. and the sullcn
tolerance of the thick skinned drummer
from the middle west or the New Eng
decent affcciation Of urbanltv. Never
thelcss. the GrinSo from up north is
Americanizine Mexico. and the reason
for this important fact lies in tho, very
invaders in Mexico. namely. the British.
Dislike Word Greaser.
This Anglo American good feeling has
made the Mexican forget that the Ameri-
can calls him a "grcaser,, and that he
New York fire brigade could beat The
best army Mexico could put in the field. "
Year after year, American settlers and
der English. in the larger cities, is be-
coming familiar 20 the nattve-bo In
habitan's. and as. in Canada, there Is
the almighty power Of the dollar the
United States must one daN hold the
political hegemony al the continent, with
the right to a limited dictation in MeXl-
can affairs.
AS result small party OF pro Amer
icans-mostly enterDrising native specu-
lators. with large interests al stake. the
security of which depends on American
good will-has come 10 political nromi-
nenCe. Many Of the towns and districts
settled ny Americans are losing their In
trinsicalv Spanish character Even their
names are becoming moderni1ed, Popo-
catept, for one example; is always known
as "PoDo' in converse tion and in news
papers. IXtaccihuatl is never referred
TO except as '1xy."
Purely British interests In the coun-
try have certainly Welded 10 the more
aggressive tactics OF American and Ger
man firms within the past decade, Cam
ada. has. however. steppcd into the
nreaCns ana Wllnln inc last lew Years IlsT
vested funds and progressive enter
prises have called for the appointment
OF a commercial minister, whose main
function is 10 safeguard Canadian in
terests and report TO Ottawa when open
ines for the invesime nj OF Canadian capi-
tai became apparent.
Investment British Capital,
British capital which is invested out
side OF the three Kingdoms and that can
be traced through public records OF cor
porations. amounts To $12.Go0.on0. 00O. Al
most onehalf of this is invested in the
Europe. In the form OF interest upon
. this investment. British shareholders re-
ceive an annual income OF S1iS,OGo. 600.
For three years the average net annual
return upon British capital employed
abroad has been 30 per cent. In addi
ton to the s12 00G, ,000. 900 In British CAPT
tai employed abroad under corporate
forms. there is the estimated amount Of
and firms OF Great Britain, and further.
L ~ there is the $500 00n 900 invested
III British merchant steamships engaged
In foreign traffic. and which. under re-
cent trade conditions, PAYS about pei
cent per annum on the net capital in
Or the capital Of British corporations
that is working abroad. ~ per cent is
within our, country; The amount Of
OF Great Britain and Ireland is stupen-
dous. and. yet when taken altogether
II falls short of the total, sum repre-
sented by the bonds and shares OF tht
steam railroads of the United States
Under normal conditions the total ne
gains in riches for all in our country is
$4,000 900 0r0 year. Hence. the people
of the United states once in four years
have TO their credit as nrofi,s a sum thai
liz somewhat in excess OF the total capita
OF the British people thai is invested
outside OF the three Kingdoms.