Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1912-03-18
One Hundred and Twenty-Five
Millions Invested in Northern
States Rendered Non-pro-
duCtive by Insurrection.
GUGGENHEIMS LOSE
MILLION WATERING MINE
Estimates Say That Loss of
Ten Millions is Sustained in
Rich Cotton BeIti Many Fac
tories Close.
tBy Morning journal Special Leased Wire

/ tBy Morning journal Special Leased Wire
! lei Paso, Texas, March 17.--Foreign
capital mostly American, agGregatins
| $125,000, 900, and invested in the bor-
| der Mexican states of Durango Goa
hula and Chihuahua, is non-produc-
| tive and threatened by reason OF the
present revolution, according TO inIor-
nation in the possession of Ell Paso
bankers.
The sum mentioned includes the IN
yesiments only of the larger corpora
tions. 1t does not include such In
vestments as breweries. supply houses
machinery companies, factories. foun-
dries and small mines.
1t is learned that the big mining
camp of the American smelling ana
Refining Company at Sierra MoJaoa'
| In the state of Coahuila, must close
within a few days because interrup-
tion OF railroad communication has
made it impossible to renw fuel and
other supplies. This company re-
Gently was compelled to close its mn
mense properties at Nalerdena, Du-
range, representing an investment oil
lSS.00O,O00. This property gave em-
ployment to 1880 persons, sixty OF
whom were Americans. OF the lat
ter, all but one have returned 70 the
United States. Ninety federal soldiers
guard the place, force Inadequate
to withstand any considerable force ol
looters, with whom the district
abounds.
Gu.oenheims Lose 100000.
The santa Maria mine, one of three
operated at Nalerdena by the Guggen-
| heini interests, is flooded because Oh
tine shutdown. which, with the lpotlns
land vandalism regarded as inevitable,
will mean a loss of $l.o00,OO0.
Twenty-Five other mines owned by
foreigners. mostly Americans, IN thc
state of Durango, also have had to
close, sustaining heavy losses, espe-
ciallv in the isolated sections of the
state. Camps of especial note now
closed are the smelter and mine OF
the Descubiador Mining Company, AT
Descuhiador, the mill and mine OF
the Inde Gold Mining Company, al
Inde: Guanacevi, which is the largest
silver mine in Durango, and is con-
trolled i'm New York: the GuanaceNi
Tunnel Company; the Arino Mining
Company. in which English capital Is
heavily invested; the Paspasquiaro
and Tepehuanas, near Saltiago, ana
many others.
The mines in the san Dimas dis
trict. controlled by California capital,
and whose outlet is on the west coast,
are at the mercy of the rebels and
bandits. The railroad is still operat-
ing between Torreon and the city of
Durango. but Torreon is otherwise iso-
lated.
The smelter and mines owned by
Germans at Mapimi are still operating
with such supplies as remain, and arc
compelled to contribute by the
rebels frequently.
Orozco viii Move Headquarters.
Eventually, il is now understood,
General Pascual Oro1co Will remove
his headquarters to Mapmi from chi
huahua unless he is defeated decisive
lv soon, The country is agricultural
and large supplies are stored there.
other plants which have ceased To
operate are the large soap ana cotton
oil plants at Lerdo, Gomez Palacio ana
other cities, and the dynamite factory
at Dyna mite. a French enterprise.
In the state of Coahuila heavy
losses arc being sustained by foreign
concerns interested in cotton and rub
ber. San Pedro. center of the rich
Laguna cotton district, has been iso-
lated since February 2. The season
for cotton planting passed iIst - week
ago: and as there were practiculN no
laborers to do the work, IL Is calcn-
lated that the cotton belt VIII los
10. .OUu.OOU on tut StaHor.
I;anch and Rubber Companies.
The immense Guavaule ranches Of
the Continental Rubber Company
which supply the rubber refineries al
Torrcon. arc idle and oVerrun by
rebels and vandals. The American
superlntendcnts and scientists en-
nloved on them have been recalled to
The United States. This comparatively
new rubber business in Coahuila Is
placed at $10,000.000. The extensive
cotton mill of the Madero family at
Parras has closed after successive
strikes and interference by rebels.
The revolutionists swarm over the
entire western part of the state and
a condition of terror exists. There
are no law officers. the latter having
fled To Torreon. where there is a fed
eral garrison. for protection. The
rebel officials imposed on the country
confine their activities 10 confiscation
of supplies and money. Eastern Goa
hula is stlll in the hands OF the red
erais and the big mines and Indus
trial proiects continue to operate. The
coal mines and coke ovens, however.
are doing little as their product can
not DE transported,
sea. 600 600 Capital Mcnaccd.
There is over sS0. 100000 Of Amer
lean capital invested in the larger
enterprises of the state Of Chihua hua.
and this does not include the Mexico
Northwestern railroad. with its 40
miles Of track between Juarez ana the
city OF chihuahua.
Among the big enterprises I'm this
state which arc subject to the dis
orders Of war and the demands OF
bandits are the lt.000.90e timber
operations Of the Pierson syndicate,
an irrigation project az Santa Rosalia.
row closed down. and innumerahle
mines IN which rnanv millions Of dol
lars are invested. Some are closed
"a ...,..,-.. -, fb.. ,4rre ~ closing be