Bisbee daily review., 1914-01-25
Its Mines and Oil, and the Conflict of International Intesests in Them,

James Middleton writes in part in the Worlds Work:
 The wealth of Mexico has always been its blessing and it's misfortune, and ultimately brought about the present troubles. Just how rich Mex leo is no one knows, for only small sections have been made available Its gold and silver have chiefly at. tracted imagination. Four hundred years of working have merely scratch. ed their treasures. Mines opened up by immediate successors of Cortez are still yielding large returns. Mexico has produced one-third of silver in the world. These mines, and those that yield copper, lead. zinc. quicksilver, antimony. iron and other metals are only the more glittering storehouses Mexico has enormous stretches of az ricultural land awaiting the intelligent settler. Millions of acres, with the American markets at their doors, are ideally adapted to cattle and sheep grazing. Great stretches Of forests contain not only pine and oak. but the finest hard woods. Mexico's oil resources. hardly tapped. may ulti. mately make it the worlds greatest. producer Mexico has more railroads than any other Spanish American country; its large cities contain we'll developed street railways, electric light and power plants.
 Mexico Rich, 'Nesieans Poor
 The Mexican rides in an American train. or trolley car: if he can read, he does so under electric lights or gas installed by foreign capital. The oil for his lamps is owned and pumped by American or English enterprise. He deposits his money. when he has any, in banks owned by foreigners, par ticularly Frenchmen. The Mexican Sonora makes her purchase at a French department store She buys her household supplies from a grocery shop kept by Spaniard. The Mexican buys his hardware at shops controlled by Germans.
 The Mexican miner works in mines or smelters controlled by foreigners. Mexicans own more than foreigners only in houses. lands and live stock. breweries and small retail stores They also control the theatrical busi. ness.
 American Stake the Biggest
 Of this foreign interest. the largest part is American. The figures range from s50O.OOO 900 to s1 900 OOO. 900 Many of the largest investments can not be assigned to any one nation they are rather international. This is true of the largest investment tn, railroads. With a few exception. Americans built them all. They ar, American in engineering and con struction. Yet Europeans are the larg est holders of Mexican railroad secur ities.
 But the people opening up" Mex leo are mainly Americans. Mexican commerce with the United State enormously exceeds that with an! other nation. Industrially and finan ciallly, the real capital of Mexico i New York.
 Exhaustion of oil supplies is ghost that haants the indussria world. Standard oil, few years age was almost fin panic over the rapid ly diminishing product and discover of oil in California, Oklahoma an other places saved it from embai rassment. From surface indications the Mexican supply seemed inexhaus hHele. The WaterstPierce Co. z Texas, which for many years ha done a large oil business in Mexico began increasing 1t. In 1900, Mex co produced practically no oil-now stands next to Russia and the Unite States.
 Enters lork Cowdray
 The Waters-Pierce Go. had hardl entrenched itself when a new compe itor appeared. The English firm of Pearson & Son, Limited. had alread done work in Mexico. Its head. s Weetman Dickinson Pearson, was we known in the United States. Man years ago he had started to build tunnel under the Hundson. His none gave out and several years afterwar William G. McAdoo. now secretary the treasury. finished this Pearsc tunnel.
 Pearson built two tunnels under u East river for the Pennsylvania ra road. The firm also has done a lari afount of harbor and dock work England the Far East and especial in Brail.
 About 1896. 1t made it's first appea ance in Mexico when Diazwasmo powerful. Mexico had subsidized ti building of a railroad across the ist mus of Tehuantepec. This road VI poorly built. Sir Wesleyan Pearso with the government as partner. n dertook governmental contracts the harbor of Tampico But he sa more in this section. Tampico WI the centre of the new industry.
 Some newspaper historians find
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