New-York tribune., 1919-07-16
American Capital
Ready to Develop
Mexican Resources
Bankers Form Big Company
to Investigate and Exploit
Enterprises; See Unusual
Opportunities in Field

Organization Of the Mexican rnter.
national Corporation to investigate and
develop existing and prospective en-
terprises in Mexico was announced
yesterday by leading banking and
financial interests. The company has
been chartered under the laws of Della
ware and offices will be maintained
both in New York and in Mexico CITY.
It's aims were officially detailed as
follows:
"The investigation of existing enter
prises to determine their physical an
financial condition, management and
future prospects, and the development
therefrom of plans for refinancing aud
extension, which will procure for thu
corporation an interest in the enter
prise.
"The investigation of proposed en-
terprises TO determine their merit.
probable cost, and future prospects.
and the development therefrom #
plans for the financing, construction,
management and ultimate disposition
of the enterprise, the investment ir..
underwriting, and organization of
underwriting syndicates for the de-
velopment and operation of such en-
terprises in Mexico as may be approved
by the corporation. Should develop
ments indicate the necessity therefor,
the corporation will establish a SER
vice department to furnish informa-
tion and service of character in keep
ing with its purpose"
The officers of the newly organized
Mexican company will be: President
Thomas A. Gillespie. head of T. A.
GGlllespie Gaa Company; SsaG vice presidents,
Mercantile Banking Company, Ltd, of
Mexico City, and H. S. Brown. Mr..
McCarty will be in charge of the cor
poration's Offices and organization in
Mexico City, where he has resided for
more than twenty years. Mr.. Brown
will be in charge of the New York of
fees. During the war he was chief
of the finance division of the Bureau
of Aircraft Production in Washington,
and after the signing of the armistice
became an assistant to the United
States Liquidation Commission in
Paris.
In addition to the officers the di-
rectors will include Harvey D. Gibson,
president of the Liberty National
Bank; Grayson NJ. P. Murphy, vice
president of the Guaranty Trust Com
pany; James H. Perkins, vice presi-
dent of the National City Bank; Will.
lam c. Potter, of Guggenheim Broth
ers; Charles S. Sargent, jr., of Kidder,
Peabody & Co., and Eugene V. R.
Thayer, president of the Chase Ma
tonal Bank
The capital stock of the new COM
pany will consist of 10000 shares of
per cent cumulative preferred and
$4,000 shares of common with par
value of $5. Both classes of stock, it
was stated, will be subscribed for in
cash at par. 25 per cent of the SUBJ
scription being payable Immediately
a1>l the remainder in whole or in part
as the directors may determine. Sub
scribers to the preferred stock will
have the right to subscribe to an equal
number of shares Of the common.
In announcing the organization %
the new company, Mr. Gibson and
Colonel Murphy, the syndicate man.
ayers, stated:
For the United States the course
of Mexican affairs is particularly vital,
and if properly followed should offer
unusual opportunities. Not only is
Mexico so located as to afford natural
field for investment and development
by our people, but she has unexpected
natural resources, the mere scratch
ing of which would provide the means
to clear off her national debt and place
her on sound financial basis. With 4
soil capable of producing all the cereal
crops and 80 per cens Of all the known
fruits of the world, with vast tracts
Of timber, including many varieties Of
precious hardwoods and dyewoods,
with a wide range of climate, with
every known mineral, and with oil
fields, which exported more than
63,000,000 barrels in 1918, Mexico needs
only return to normal conditions and
the introduction of modern methods
and machinery to bring her quickly
into the front ranks of the producing
world"