El Paso herald. (El Paso, Tex.) 1901-1931, 1913-03-08

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Just how the money is divided, classl-
flying the Investments as Mexican and,
as American, English, French and other
foreign OWnerShips. Of the $4,000, 600, @
600 he gives more than $1,000, 100000 as
owned by Americans, and less than
SSO0,OOO,O0O as owned by the MeXlcans.
He puts the possessions of the English
at 1921, 100000, of the French at $l43.-
900, 900 and of all other nations at a
little more than SIIS,o0O,00O.
Just before the present revolutionary
troubles began American money was
rolling in here by the tens of millions
a month. The flood is now damned
back by the unsettled conditions, but
when peace and stability come 1t will
pour in again. and this proportion, al
ready twO-fifths. will rapidly increase
to the point where, considering Mexico
as a capitalized stock proposition,
Uncle Sam will own by far the majority
of all the stock of the company I
leave the question as to how far this
will ultimately control the politics and
government Of Mexico to president
Wilson and his congress and to the edi-
toriai writer.
Where Our Money is Invested.
1t is interesting to know where the
American money is and how. our inyest-
ments compare with those of other la
lions. The following is based upon the
figures given by consul Letcher. Ac-
cording to his statement we own more
than half the railroad securities Our
railway stocks and bonds have COM
bined value Of $640,OOO.O00, while the
MeXicans in round numbers. have in
vested therein only s137, 900, 900 and the
English S16S, 0O0 00O
As 10 the stock in the Mexican banks
and bank deposits, we have about $780,,
100000 to MeXicO's 1892 600. 900 and in
all tie investments the French lead lis
a IS far as bank stock alone is concerned.
They have an equal amount of stock
with the AeXtcanS, the great surplus Of
the latter being IN bank deposits only,
which amount TO about SI62,O0O.000.
Taking next the item of mines, the
MeXicanS are pizers compared to the
Americans. Their investments in their
own country amount to only $500. 600.
while ours are equal TO S223,0O0,O0O. an
amount which more than equals three
fOurths Of all the mineral properties in
Mexico. We have over tWo-thirds Of
the smelling investments, more than
half Of the petroleum properties and
many millions in lands, factories and
other industries.
In Lands and Live stock.
In timber lands. ranches and farms
we have S12,000,0O0 TO MexicO's $4,000
900. while in cattle and other live
five times ours The MeXicans have
large holdings in houses and personal
property; they do the bulk of the re-
tail business, and they have S15,OOO,OO0
are public or national. They own also
the hotels and theaters, the most Of the
breweries and about half the insurance
Investments, although we have twice as
much OF the latter as they
Americans have $4,000, 600 invested IN
timber lands. 100000 in live stock,
over $4,000, 600 in factories and a little
more than $500 900 in wholesale and
retail stores. Our oil investments are
put down at S15,0OO,OOO and our rubber
4r7e a he
One Thousand Million Dollars.
Adding the various items, the grand
total of American ownership equals the
enormous sum of $1.O57.770,OOO. This is
consul Letcher's estimate. According
to the figures given by sir Edmund
Walker. president OF the Canadian
bank of commerce. at an annual meet
ing of that bank, regarding its MeXi-
can branch, our possessions are equal
to one thousand million, Of which 30
percent are in railways. As percent in
mines and the balance in other indus
tries Sir Edmund Walker estimates
the British investments at S70O,OO0,OOO
and the French. German, Belgian.
Dutch and Spanish at less than half
that
I have met other men here who say
that this American estimate is too low,
and that the property our citizens own
is nearer a billion and a half than one
billion, and I have talked with some
men who put the total at less than one
billion. In speaking Of consul Letcher's
figures. c. R. Hudson, the vice
president Of the National Railways Of
Mexico. thinks the railway estimate
should be cut down, as a great proper
ton of the stocks and bonds Of Mexican
railways are held in Europe he says
the impression as to their American
ownership comes largely from the fact
that they were placed there BY New |
York bankers, and therefore credited
as American investments. He also
thinks that the estimates as to Amerl- I
can ranches and farms is too low. It
should be something like SlO,OO0,OOO
rather than a little more than $1,000
300. and also that the item OF mine
ownership is probably little too high |
There is no doubt. however, but that I
our holdings in Mexico are enormous,
and that they will continue to increase
so rapidly as to make it Imperative
thar the present state of brigandage
and revolution must be done away with |
Foreigners In Mexico.
As to lust how many foreigners there
are now living in the Mexican republic. |
the number has materially decreased I
since the revolution began. several I
years ago. It then numbered in the
nefghborhOod Of 100. 900 of which it is I
estimated there were from $4,000 10
10000 Americans, about 10000 Span
afds and perhaps about 5000 each OF
British and Germans. This might now !
be cut down to one-half the above |
figures. There are at present here |
something like 10000 Guatemalans, |
5000 Italians. 5000 French and perhaps
IN equal number OF CubanS-
The Spaniards. who rank second IN |
number to the Americans, control the |
grocery and grain trade Of the republic I