The sun., 1919-07-16
FORM COMPANY TO.
INVEST IN MEXICO
Corporation With Capital Of
ST, 125,000 Is Started by
American Interests.
T. II. GILLESPIE is HEAD
Will Investigate and Develop
Enterprises Existing
and Proposed.
t. II. GILLESPIE is HEAD

The Mexican international Corpora
tion, with en- Initial capitalization OF
sl,l25,0O0, has been formed here by a
group Of important banking and busi-
ness interests, according to an announce
nent made yesterday. The corporation
has been organized under the Delaware
laws and will have offices here and In
Mexico city. Its purposes are set forth
in three distinct items, namely. investi-
cation Of existing enterprises to deter
mine their physical and financial condi-
ton, MANAGEMENT and future prospects,
and development therefrom OF plans for
refnancing and extension, which VIII
procure for the corporation interest IN
the enterprises: investigation of pro-
posed enterprises to determine their
merit, probable cost and future pros
poets, and development therefrom OF
plans for financing construction, man
agement and ultimate disposition OF
enterprises, and investment in and UNI
der writing and organization OF under
writing syndicates for development and
operation Of enterprise In Mexico APP
proved by the corporation. The state
ment adds that should developments in
dictate the necessity therefore, the cor
poration will establish n service depart
Of character in keeping with its pur-
pose.
The officers OF the corporation will be ::
Pre- sident, Thomas II. Gillespie. presi-
dent OF the T. A. Gillespie Company :
vice-pre sidents, George ]. McCarty. pres
ident of the Mercantile Banking Com
pany, Ltd. OF Mexico city, and II. S.
Brown. Mr.. McCarty will be in charge
Of the corporations offices and orRani-
cation in Mexico city He has resided
in Mexico for more than twenty years.
Mr.. Brown will be in charge OF the
corporations Offices and organization In
New York city. He has had seventeen
years experience in financial work in
New York city and has spent consider
able time in Mexico. 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.
The directors win be Harvey d. Glib
son, president OF the Liberty National
! Bank Thomas II. Gillespie. George j.
McCarty Grayson NJ. p. Murphy. vice.
president OF the Guaranty Trust Com
pany OF Now York: James H. Perkins,
vice-president OF the National City
Bank William c. Potter Of Guggenheim
Brothers: Charles S. Sargent, Jr.. OF
kidder. Peabody & Co.: Eugene V. r.
| Thayer president of Chase National
Bank, and H. s. Brown.
The capital stock of the corporation
will be divided into two classes. There
will be 10000 shares Of preferred per
cent cumulative stock of 500 par value
and $4,000 shares of common stock OF So
par value. Both classes Of stock will be
! stlharrihed N n
cent of the subscription being payable
Immediately and the remaining 10 per
cent. in whole or in part as the direc-
tors may determine. Subscribers to pre-
terred stock will have the right to SUBJ
scribe to an equal number Of shares
OF common.
! In announcing the organization Of the
corporation Harvey d. Gibson and
Grayson NJ. p. Murphy. the syndicate
managers. made the following statement.
For the United States the course of
Mexican affairs is particularly vital and
II properly followed should offer unusual
opportunities, Not only Is Mexico SO
located as to afford a natural field for IN
vestment and development by our people
but she has unexpected natural re-
sources, the mere scratching of which
would provide the means to clear of
all her national debt and place her on
sound financial basis. With a soil
capable of producing all the cereal crops
and 80 per cent. OF all the known fruits
Of the world. vast tracts OF timber, in
Guiding many varieties of precious hard
woods and dyewoods. wide range Of cli-
mate. every known mineral and oil fields
which exported more than So, 000, 900 bar.
rels in 1918. Mexico needs only return
TO normal conditions and introduction
OF modern methods and modern ma
chinery to bring her quickly into the
front ranks OF the producing world"