The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1913-07-15

$50 1- $50 @~ - ~ ~ .
nave started the heads Of the masses
To working. You a now hear much
talk about Mexico for the Mexs-
cans and the demand for "a gov
eminent cf the people. for the people
Dy the people OF the Paseo d. Ia
Fcrma now stands the great monu-
ment Of independence. which was
completed two years ago. 1t j. the
hnest OF Its kind, and Il has cost about
twlcea { much as our Monument to
George Washington.
The Mexican capital IS fast hecom-
ing a city OF statues. and some If
the new public buildings are fine. /
doubt whether there Is Il more beau
tIful postofIiCe anywhere than that Of
Mexico Cry, and he Federal capitol.
which has been designed for the Paseo
de Ia Republca, VIII. vhen complet-
ed, be one Of the finest structures in
l-atin-America. So far. only the iron
skeleton has been erected. The build
ing IS TO cost $40, coo. 1000. The castle
at Chapuitepec IS also very beautiful.
Financial Mexico.
AS far as much-needed funds are
concerned. the new loan which Mexico
has recently gotten Will put the ad-
mlnlStrauOn OF easy street for some
time to come. When Huerta came
INTO w the treasury was practi-
cally empty, owing TO the e~Xtraordi-
nary expenses of Madero and the ne
cessities Of war. I am told tina the
country is in a much better condition
financially thar is generally supposed.
Mexico has been producing a large
quantity Of silver and copper and her
exports for 1912 exceeded those for
1910 and 1911 by Il, 900, 600 pesos.
During every one of the past five
turbulent years there has been a sur
plus of ordinary revenues over the
ordinary disbursements. In 1907 and
1908 this to more than SIS
OOO, 600. In 1909 it Was more than S.
100000, and in 1911 it exceeded $40
OOO, 600. In 1912 the revenues were
more than sos, 900, 600.
AS to her national debt, Mexico has
not only been paying the interest every
year, but Sh heaS been cutting down
the principal. In 1911 and 1912 this
cut amounted to almost 6 5000, 600, and
that, Notwithstanding the abnormal
conditions which then prevailed. The
resources Of the ountry are such
that there is no doubt but that it car
redeem all its obligations if a stable
government can be secured. and as
soon as the country is quiet the bond:
and stocks now on the market vii
rise. The total amount of the foreign
debt is something like $4,000. O0'
and this will probably be added t,
by the damages demanded or accoun
VI tIC o6S VI lIIS SSCIIN NN u
lions.
Mexican Trade.
had a ak last night with n O
, the leading tinanciers as to MeXiCal
) trade with the United States and it
!, possible increase through our tariff re
ductiOn. This man says that the ney
t tariff will send many Mexican article
which are now going to Europe TO tn
;. United States. Said he:
!, sfOlr fOreioD omnarc has bee
steadily increasing. and within tel
years we will double our exports. Thi
is especially so as to our trade wit
your country. We sold you 1924, 600,
900 worth Of goods in 1912, and on
} total exports that year were, s29S,
00O, 600. SO you see you now take tn
most of what we sell. You will tax
4 even more in the future
t What are the chances for Ameri
can capital?" | asked.
LAS soon as matters become settle
| land they are bound to become Sc
tied within a short time-the Oppol
tunities for successful investment wi
/ be very great. 1t is now t~wenty-fiv
years since your people began to sen
large sums to Mexico. and you no
e have investments amounting to man,
: many millions of dollars. You hav
s large interests in all Of our industrla
f undertakings. You own the most {
our IIllIlSS III SIlOI I1OOS dd1litlllS
f Of land. The right to acquire Ian
t is unlimited. and there are extensiy
@ tracts awaiting the capitalist. | be
lieve that the large estates will 500
d have to be divided. They will be la
r out in small holdings and will be sol
K on advantageous terms.
e There are man opportunities hel
IS along manufacturing lines this ma
continued. Mexico needs many art
is cles which she does not produce an
r, which could be protected by the TART
S. Our cotton mills are making gre:
: strides and at no distant date We sha
K. be exporting cotton cloth. We a
n now producing all the sugar we nee
~ and we have a surplus for export;
% ton. There is no reason why we ShOu
S. not make our own iron and steel. ar
n | expect that the steel industry "
be one Of our big businesses Of II
ID future.'
re How about your mines?"
at Mining is one of our largest hos
1t nesSes. and it is only at its beglnnin
n We have vast tracts Of u~ndevelop'
Il territory and our mines are Steadl