The Birmingham age-herald., 1916-06-26
MONEY QUESTION IN MEXICAN WAR IS NOT SERIOUS Any Amount Could Easily
 Be Secured by the
 United States
SPECULATION UPON
 INDUSTRIAL EFFECT
Imperial Valley and Copper Industry of Arizona May Suffer for Time. Allies Would Welcome
 Adjustment
Nv HOLLAND

| New York, June Specal)-Far less consideration is given apparently by | leaders in the financial district to the question, How shall the government ob- 1 tain the money necessary to carry on a | war with Mexico, should there be 8 war? l than to several other matters for there | is TO doubt that any loan offered by the l United States for the purpose of se- curing war funds would be instantly ab- sorbed, no matter how large. At the time of the war with Spain there was no question about the willingness and the ability of the American investors to absorb the so-called Spanish loan. In view of the fact that the United States has already lent somewhat in excess of $1,O0O, ,O00, GOO to other nations since the European war began and may in case the war be continued another year lend an equal amount, there is no reason why the slightest apprehension should prevail of inability to float a Mexican war loan unless the terms were made very tempting.
 Other subjects are more generally dis cussed in the financial district than the
  ernment may be compelled to go into the market with the purpose of making a large loan. The wonder is what ef feet an outbreak with Mexico would have upon some of the great industrial enter, prses which have been developed on each side of the border especially along the banks of the Colorado river. Very great courage and large investment
 capital combined to utilize the water of the Colorado river so that it could be made by means of an extensive canal system to irrigate the imperial valley. The venture is often spoken of as one of the most striking of the recent phe- nonena which have characterized Amer ican enterprise, especially in the far west. The reclamation of this valley was not confined to the American side but con- tinued for considerable distance upon the Mexican side of the boundary. With in two or three years, experiments in the cultivation of cotton in the imperial val ley have resulted so successfully that a great increase in this cultivation was reported in 1915. Part of 1t represented cotton grown upon the Mexican side. Many of the leaders in California are of the opinion that cotton cultivation is to be a very large industry in that state.
 If, however, hostilities should prevail
  might attempt to destroy the irrigation plant To prevent this would require very large guard. So. also, the copper industry, as that is likely to be af- fected in case of war with Mexico, has been the center of great deal of discus sion. War might serious curtail the cop per output and if it did embarrassment not momentary, but long continued, might be the lot of the managers of the ;,,I ,ct, hnu wit confidence looked to an output of 1000, 100000 pounds of copper this year. with the chance strongly favoring like or even greater output in 1917. A Mexican war might cause scarcity of copper and the indus try in the mines near the Mexican boundary would be for a time seriously mperiled.
 A FORECAST AFTER THE WAR
 It is believed in the financial district that Great Britain and France Will, while maintaining absolute neutrality, nevertheless be rejoced if there be now measures taken to put an end to the ln- dustrial anarchy in Mexico. Both of these nations have looked to the United States to aid-at least through diplomacy and friendly offerings-n re-establishing industrial activity in Mexico. Both have invested large amounts of capital in Mexico and much of this has been in the past two or three years unremunerative. With peace and order established and maintained in Mexico, there should be unparalleled industrial and mining activ- ity in the republic, stimulated by Amer ican. English and French capital.
 INCREASING FOREIGN TRADE
 In midwinter of this year, there was some disposition to wonder whether we had not reached and passed the high water mark of our export trade Some who looked into this subject professed to believe that England and France had so thoroughly established industries occu- pied with the manufacture of war mu-