Bisbee daily review., 1914-01-25
Mineral Resources Concessions in Mexico |


 ton. An explanation Is that the Amer. jeans were charging Mexicans exces. sive prices Another fact is that he showed favors to the English concern. | In 1910. Sir weetman Pearson was created Lord Cowdray. and the Brit ish Admiralty began Co experiment
 with oil as a fuel supply. Mevico | acquired new importance. Lord | Cowdray obtained large concessions | from Diaz. not only for oil but for | pipe lines and railroads. These gave him one great advantage over compe- | titors, in that they exempted him from local taxation and export duties. ! ! Before the Congress ratified these privileges. disaster befell Diaz New ertheless. Lord Cowdraw began rehn- ] ing on a large scale and entered the Mexican market, where a fierce price cutting war took place between the ! English and American companies Lord Cowdray has apparently gained the upper hand. Latest statistics show that his company controls jS per cent 
 Of oil output of Mexico.
 Madero Favorable to Americans
 The overthrowing of Diaz appear
 ently promised better things for the
 Waters-Pierce Co.,, for the Ma1eroI interest was favorable Co the Ameri-
 cans rather than to Lord Cowdray.
 The Madero Congress took no steps
 to confirm the Cowdray concessions.
 That tho Huerta forces have main tained the Diaz policy of antaeonism to American oil interests and friend
 ship to Lord Cowdray is apparent on
 Lord Cowdray's own statements. the
 firm subscribed to per cent of the
 loan floated by Huerta.
 It is a rich prize for which these
 American and British capitalists are
 contending. The Mexican Eagle oil . Co, Lord Cowdray's corporation. has a refinery at Minititlan. with a daily capacity of 10000 barrels. it is build. ing 20 tank steamers and is already
 paying per cent on preference
 shares amounting to sS.500 GOO. The other companies also are profitable.
 The total oil fields operated in the United States amount ito S,3O0.OOO acres, whereas the oil fields of the
 Tampico district alone-and there are numerous other large oil telds in
 Mexico-ccntain 5,OOO,OOO acres.
 The Railroad Situation
 Americans played the larger part In the railroad expansion. They re- celued enormous cash subventions . as high as S20,OOO mile, money used ]. not only in construction but, in some cases to pay interest on bonds.
 s These enterprises. in many cases repeated the history cf our western frontier lines; there were the usual Q deficits, receiverships and reorgani l. zations. Two larger systems emerged r Mexican Central from Fl Paso to r. Mexico City. One line trayersed cen
 tral Mexico north and south and the c. other line eastern Mexico.
 About 1903. the aggressive progress s ot certain American transporta;< y systems. especially the Hartman T. lines. alarmed financial men of Mexi s CO., They professed to believe thal
 these Americans were reaching across the border. In 1903. Jose Yves Ii II mantour minister of finance, conclud D ed an arrangement with Speyer X Co. by which the government acquired [ y controlling interest in Mexican Ma u tional. In 1909, a syndicate of Amer r. ican and foreign bankers. headed b! s' Spayer & Co. organized National Raj t ways of Mexico, a merger of all thu 'l lines of Mexican Central, Mexican Ma u tional and several smaller properties o' The government owns 51 per cent O , the stock the other the other holder lt are English, German French am 'u Amercan, ths English reprssentinl
 the largest interest, the American the smallest Europeans own near " all the bonds.
 e The reyolutionists have made a pal ,,, ticular drive at the National Raj ,r ways. A large mileage is in section ,u in which they are most powerful l ,,, nearly all this large territory hart
 ly railroad wheel is being turned ,,, The National Railways alone hav .s sustained loss of s15.000.OO0 in dan -, aged property to say nothing of prol VI ably greater losses in vanished earI -" ings. Probably the largest singl
 American investment in Mexico is he the Southern Pacific line. from NJ ii' gales to Guadalaiara. This represent se s50,000,000 For several months n m effort has been made at operation ly A Canada line. Mexico Northwes
 ern, extends in roundabout fashio IT. from Fl Paso to Chihuaha. So man st bridges have been burned that it ope he ates now only spasmodically.
 h. Americas Large investments in Mine as Capital employed in Mexican mi 'h' ing is s547 ,O00 900. Of this, $500 ,O0C m 900 is said to be American. ss7. .00O0C m English and s29O0,00O Mexican.