Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-04-29
MORE AMERICAN THAN MEXICAN
MONEY INVESTED IN GOING
CONCERNS.
RAILWAYS, OIL LANDS AND
MINES FOREIGN OWNED
Mexican investments in Oil and Rub
her Fields nsisnifieant-Mors Than
80 Per Cont Of Wealth Of Mexico
Owned in United states-7rtish In
terests in Republic Also Heavy.
Especial correspondence

Washington, April 29.-The refusal
of the state department to protect
American property in Mexico is espe-
cially interesting in view of the fact
that more American than Mexican
money actually is invested in the going
industries. including railroads, OF that
republic. Almost twice as much Amer
lean money has gone into Mexican rail-
way stock than the Mexicans them
selves have put in, while the Ameri-
can holdings OF Mexican railway bonds
are thirty four times those Of Mexico
herself. The Americans hold more than
% per cent OF Mexican railway stocks
to only about IS per cent OF the totaA
owned by Mexicans. and the proper
ton OF the bond holdings Is as 4O9 70
twelve. Mexico is one OF the greatest
mining countries in the world, YET
American money is represented 10 tne
extent of 1923, 100000 in her mines ana
Mexican to only s7,5O0,0o0. Even Great
Britain has more than five times as
much capital working in Mexico mines
as the people of Mexico. Mexican IN
vestments in oil and rubber fields ars
insignificant compared with those Oh
the United States. In fact, the ias'
availabl. official tabulation Of relative
capital now working in Mexico shows
that the United States owns s1.057.7'0.-
600 Of it and Mexico only 1872, lsl.I4z
Thus more than 40 per cent Of the
wealth OF Mexico, exclusive OF iand
holdings and land lot values is owned
in the United States TO only ABOUT q"
per cent in Mexico.
Great Britain Third.
According to figures prepared by
Consul Carton Letcher of chihuahua
in 1el2-and it may safely be asserted
that investments in that distracted
country have not increased since-tne
principal foreign nations are repre-
scented in the active capital Of Mexico
as follows:
United States ..........- l,coI. Io'ooo
Mexico ... ...... 7e3.1s7.242
Great Britain ......-e..... oi''o., eoo
All others ................ A1e,oo9''o.
In compiling his report Consul
Letcher consulted all available sources
government and state reports, OIL
rectories of business houses, factories
etc.. directories of mines and smelters,
the Mexican year book and many re-
views and company reports. The actual
figures vary from those which mignt
be compiled by other authorities, but
Senator Fail of New Mexico. who mas
a profound knowledge of Mexico ana
it's people and whose judgment regard
ing the Mexican mess has peen per-
sistently ignored by the administra-
!: ton informed the senate In the course
of a speech last June that these ngures
were approximately correct. Brltish
investments in Mexico have been IN
something of the same proportion as
those Of the United States. but on the
whole are about two thirds less. Great
| Britain holds ss7. 100000 of the national
| bonds Of Mexico against $52.000,oOV
owned by Americans, and these nave
also been bought heavily by france
who 10 recorded as holding N$SO.OOo,o oo'
or almost three times as much as Mex
| leans have bought. American invest
ments in Mexican tramways and lsnt
and power plants have been very small
some $760,o00, but British capital Is
represented in them by sS,o00.000 and
i Mexican by more than s5,oo0,o0O.
Investments Varied.
| The following table shows the reia-
tive investments Of the United States
Great Britain and Mexico in Mexican
| Industries, as reported by Consul
iLetcherz in millions Of dollars:
| Eng Mex