Identifier: mexicotodaytomor00vinc (find matches)
Title: Mexico today and tomorrow; an outline of the present earning power and future possibilities of her railroad systems. Facts, figures and suggestions regarding the principal traffic producing centers
Year: 1906 (1900s)
Authors: Vincent, Ralph Waterman
Subjects: Railroads
Publisher: (New York?)
Contributing Library: The Library of Congress
Digitizing Sponsor: The Library of Congress

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nyothers familiar with conditions in Mexico, and who are in aposition to observe closely, are altogether confident thatMexico is on the eve of a big development. 10.—The towns and cities and business of the countryare growing rapidly. Torreon, for instance, one of .theyoungest cities in the Republic, really only a few yearsold, and with a population of not more than 15,000, is de-■^oloping very rapidly and is giving the Mexican Central$4,000,000 of traffic a year. The earnings of the railroadsare increasing materially. The Mexican Central gross forAugust was $250,000 and the National Railroad $100,000larger than for the corresponding month last year. II.—^The mines of the country are by no means workedout, many of them have scarcely been scratched. Prospec-tive investors in mining propositions, should, however,exercise great care in their selections of property. 12.—The agricultural possibilities of the country arebeyond calculation. All that is needed is greater irrigation 83
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facilities. These are lacing increased rapidly. GovernorCreel, of the State of Chihuahua, is building a dam on oneof his properties that will furnish water for the irrigationof 6,000 acres of new land. The owners of another haciendain the same State are planning for a dam capable of furnish-ing water for 80,000 acres. General Terrazas is planning aseries of dams on his haciendas, one of which will impoundwater sufficient for 200,000 acres. 13.—President Diaz, Minister of Finance Limantour,and other associates of the Chief Executive and likewisegovernors of all the States throughout the Republic, willencourage in every legitimate way, the investment of for-eign capital in enterprises in Mexico. 14.—Finally, it seems altogether certain that holders ofgood Mexican securities of all kinds, particularly railroadsecurities, should hold them for much higher prices, as theyshould advance very materially within the next few years.

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