Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1914-01-15

iiiSNiftNhy Cc''i1'iNN'
tank steamers and s already paying
eight per cent. on preference shares
amounting to $4,000 The other com
panies also are profitable. Tho total OF
fields operated in the United states
amount to $4,000 acres, whereas the oil
fields OF the Tamplco district alone-and
there arc numerous other large old fields
in Mexico--contain 10000 acres.
Americans played the larger part in the
railroad expansion They received cnor.
nous cash subventons, as high as 5000
a mile, money used not only in construc-
ton but, in some cases. 10 pay interest
"a bonds.
Th"s" enterprises. i'm Tatv cases, re-
pclted the history OF our western frontier
lines: there were the usual deficits, reCeIv
.rehips and congratulations. Two larger
systems emerged, Mexican Central, from,
FL Paso to Mexico City. and Mexican
National, from Laredo. Texas. to Mexico
City One line traverscd central Mexico
north and south and the other line east
ern Mexico.
HARTMAN CAUSED SCARE.
About 1903. the aggressive progress of
certain American ira sportation systems.
especially the Hartman lines, alarmed
financial men Of Mexico. They professed
70 believe that these Americans were
reaching across the border. In 1903. Jose
Yves Limantour, minister of finance con-
cluded an arrangement with Speyer &
co.. by which the government acquired
controlling interest in Mexican Ma
tional. In 1902 n syndicate Of Ameri-
can ana foreign bankers, headed by
Speyer Il Co. organized National Rail
ways OF Mexico, merger of all the lines
Of Mexican Central Mexican National and
several smaller properties The govern
mcut owns II per cent Of the stock: the
other holders are English. German French
and American, the English representing
the largest interest. the Americans the
smallest. Europeans own nearly all the
bonds
The revolutionlsts have made Il particu-
lar drive at the National railways. \
large mileage /. in sections in which they
are most powerful. In nearly all this
large territory, hardly a railroad wheel is
being turned. The National Railways
alone nave sustained a loss Of sl5.0JOpN In
damaged property. to say nothing Of
probably greater losses in vanished earn
ines. Probably the largest single Amer
lean Investment in Mexico is the Southern
Pacific line from Nogales to Guadalaara,
This represents ,Jp0O0,0oO For several
months no effort has been made at opera
ton Canadian line. Mexican North
western. extends in roundabout fashion
from Ell PaSo to Chihuahua. So many
bridges have been burned that it opcr-
ates Tow only spasmodicaly.
Capital employed in Mexican mining is
tGi1"o,Do. OF this. S0o.oo0,cOO is said TO be
American, sS7.0OnGC0 English and $1,000, =
go Mexican
The Guggenheims operate ten or "A dozen
mines and five large smelters These
shelters employ several thousand Next
cans and draw on the ores of most prolific
Mexican mining Aelds. Other American
interests are Montozuma Cope. COM
panN at Nacosari in Sonora. controlled
by Phelps, Dodge & CO.; Companla Metal
luigtca Mexican controlled by Robert 8
Towne of New York and Greene Cananea
Copper company. There are hundreds of
other American companies, but these,
with combined capital Of about sl15 o0o, 90
are the largest. These interests have IN
PRODUCED modern methods. have installed
electric plants, built railroads made over
old Mexican towns. and even bull entire
new ones. The work of l'helps, Dodge &
Co. at Nacosari is an especially favora BILE
specimen, This is one of the model towns
OF Mexico; never before have the poems
had such comfortable quarters. Instead
of adobe huts, they live in neat cottages:
the company supplies club rooms, libra
ries, billiard ''parlors, dance halls. and
shower baths, This plant handles joO,O 0p
tons of ore a year and turns out .0.00 tons
of copper.
The name Pearson" springs up every
wherein railroads, oil le,ds. harbor
works trolley lines, electric light plants,
even in politics and national loans
There are TWO Pearsons: S Pearson &
Son, Limited, and DR.. f.. :. Pearson.
One is English; one American, f. 5.
Pearson-Dr. Pearson-born in Lowell.
Like Lord Cowdray, DR.. Pearson is the
son of a contractor. At IA he was a sta
tion agent at Nedford From Tufts Col
lege he was graduated about the time
American cities were substituting electri-
city on street car lines. His success in
electrfying Somerville trolleys attracted
William c. Whitney and Metropolitan
street Railway eXploters They gave
DR.. Pearson charge OF putting in under
ground trolley in Manhattan lines. After
this, he transferred his activities to
Brazil, where he organized Sac Paulo
Tramway, Light x Power company ana
a similar corporation IN Rio Tanero lie
felt the need of large capital no looked
into Canada, whore Sir William Mac
kenzie and James Ross had made large
fortunes in tanadian Northern. Some cr
this money flowed into Dr Pearson's
In Brazil and elsewhere.
The London firm OF Werner, Bot a
Co, whose members had made quick
fortunes in African diamond mines. con
trolled the tamways of Mexico city.
The Pearson syndicate took these and
extended them, especially in smaller
towns around tho Mexican capital
GIRL COOKS WIN PRIZES.