https://hemerotecadigital.uanl.mx/files/original/54/5277/Financiero_mexicano_El._1896._Vol._29._No._14._Diciembre._0002006287.ocr.pdf 8e49d3edebfecb0ae05afa566bffca5d PDF Text Text ,, The Mexican Financier. El Financiero Mexic!IA.i..aa_~~ ......... u,uuun11111t1IIIIIIIIIIIIIIIIIIIII y lllllllltllfllllllllU111111uu1uu1u1u, , , ,. ' ~Do · O¡¡ Gaceta Científica, Industrial y Agrícola. Vol. XXIX. Mexico, 19 de Diciembre de 1896. OFICINAS DE DESPACHO Y REDACCION: Edificio del Herald, Calle del Coliseo Viejo, Num. 17, Apartado del Correo, No 519. 1t,~,.ºli1.1 No. 14. AOENCIAS OENEltALES EN EL EXTaANJERO: No. 35 Wall Street, Nueva York, U. S. A. Súm. 18 St. Heleo's Place, Londres, e. C. Teatro Degollado, Guadalajara. = Degollado Theatre, Guadalajara. E-te edificio, una de las bellezas arquitectónicas de Guadalajara, podrá servir á nuestros lectores para formarse una. idea de lo suntuoso de los edificioti públicos de México, El de quo se trata fué proyectadv en 1865 por Don Santos Degollada, entónces ltobernador del Estado de Jalisco; su construcción principió el 5 Tbis edifica, one of the architectural ornamente of Guadalajara, will serve to give our readers an idea of the mal!n1ficent sr,ale of public buildin2:s in Mexico. lt was proj .. cteñ. by the th1>n Governor of the Sta.ti', Don Santos Degollado, in 1855, and was begun on Me.rob 5th, 1856. It was opened in 18li6, being still unfiuished. T.EA'l'RO DLGOLLADO, GUADALAJA.RA.--TBE DEGOLLADO TBEATBE, GUADALAJARA. de Marzo de 1856, y se estrenó en 1866, estando aún sin terntinar. El Teatro tiene cinco fila~ de asiento~, y la ornamentación es hermosa. Dícese que es uno de los teatros más grandes del mundo, y sin duda es uno de los mayores de este Continente. Durante la rPciente visita á Guadalnjara del PrPPÍdente de la República, General Porfirio Díaz, con el fin The bouse has five tiers of seats and is handsomely decorated. The Degollado is rrputed to be one of the lartte~t theatres in tbe world, certainly one of the lar1Zest on tbis Continent. During the recent visit of the President of the Repu blic, General Porfirio Diaz, to Guadalaje.ra, for the �, .,.... ... 265 EL FINANCIERO MEXICANO 262 de in11,ugurar la lÍnea de Ameca, del Ferrocarril Central Mexicano, se celebró en su honor una función en este Teatro. Alu1nbrado con motivo de un g ran acontecimiento y ocupado por una e legante concurrencia compuesta. de los habitantes do la rica Capital del Es-· tado de Ja.lisco1 e! interior de date Teatro presenta. una vista deslumbradora El actual empresario es un inglés, Sr. David B. Russell, que desde hace tiempo est.á domiciliado en GuadalaJara. purpose of inaugurating the Ameca bra. nch of tbe Mexic1m Central, an eut ertaiomel1t was given in bis honor at this Thea.tre. Wben illuminated for a grand performance, and filled with a well dressed audience composed of the inhabitants uf the wealtby capital of the State of Jalisco, the interior of the rheatre presenta a vo,ry bnlliant appearance. Tbe present l essee is an Englisbman, Mr. David B. Russell, who has long resided in Guadalajara. La Cosecha loglesa de Lúpulo de 1896. The Engllsb Hop Crop, 1896. Dice el Time8, de Londres: "La producción de lt1pulo en este afio se calcula en 183,658 quintales menos que la de hace dos anos. La sigwente tabla demuestra el rendimiento nacional aproximativo de los t1ltimos doce ailos, por lo cual se ver!!. que el ailo actual ocupa el séptimo lugar: The London Times saya: "Tbisyear's product of hops i8 estimated at 183,658 cwt. below that of two years ago. From the subjoined statement sbowing tbe estimated home production (in cwt.) in each oftbe last twelve years it will be seen t bat the present year ranks seventh in the series: Qls. A.ilo. 776,144 1886 2 . .... . 6.36,846 1894 s ....... 553,396 1895 4 ....... 509,170 1885 1....... Cuenta no han influido factores de carácter accidental n ormal circumstances, inasmuch as accidental factora sino en muy pequefia escala. Así lo demuestra el he- exercised only a very elight influence on the revenue. cho de que los ingresos en títulos de la Deuda Pública The revenue representad by national bonds and noy los virtuales estén representados por cantidades nominal receipts figures at suma which are notably intoriamente inferiores á las que con igual carácter figuferior to tbe se.me entries in previoue years. ran en las Cuentas de afios anteriores. A. fiual observation may be made. viz., with respect Debe consignarse una Última ob servación respecto de l a cuenta de egreso, y es aquella á qae se ha hecho to the smallness of the expenditure incurred in 1835-96 alusión en la parte expositiva d e loe proyectos de pre- and not actually paid in tbe eame year. 1 have alluded supuestos para el afio venidero: la pequeñ.a importan- to the same circumstance in my budget statement for cia de los ~as tos cause dos y no pagados. the coming year. L a cantidad de $168,549.48 que quedó pendiente de The sum of $168,549 48 was the only liability not pago y que constituye el pasivo del afio, representa, actually met in the year under review. It repreen su mayor parte, gastos del r amo de Guerra que por War dificultadtls especiales en su distribución, ó por razón sents, prmcipally, appropriations for the de determinadas cuentas corrientes con_ algunos con- Department, which, owing to special difficulties in tratistas, no fueron saldados ll.ntes de que finalizara el their distribution or to the condition of carta.in acrespectivo afio fiscal, sino en loe primeros días del que counts with army contrsctors, could not be e11ttled cori·e. Ya he dicho en la Ex-posición de motivos de las before tbe close of the year, and, therefore, remained Iniciativas de Presupuestos, cuáles eran las consecuen- outstanding until the beginning of thia year when cias satisfactorias para el mecanismo de nuestra Admi- they were paid. I ha.ve explained in my budget etatenistración hacendaria que podían deducirse de este he- ment how satisfactory for the purposes of adminischo de poca significación en apariencia., pero de elo- trativa finance are the small proportions to which tbe outstanding annual balance has been reduced and cuentes resulta.dos en la práctica.. Breve es el tiempo de que puede disponer l a Secre- wbat an important influence this apparently trivial taría de mi cargo para consignar en la nota de remi- circumstance is destinad to exert. I have not had time to make all tbe obser vations sión de la Cuenta las reflexiones que merece documento de tal importancia, y esto me impide extenderme whicb the importance of the Treasury statement sent en ellas. Me limito, pues, á las que dejó expuestas, y herewith to tbe Cbamber demande. I will, therefore, me pongo enteramente á disposición de la H. Comisión confine myself to what has been pointed out above, de Presupuestos que esa Cámara se sirva elegir, asf co- promising at the same time to furnish such supplemo á la de la propia Cámara en su oportunidad, para mentary information as the budget Committee or the dar todas ·1a.s explicaciones y proporcionar los demás Chamber itself may require. Mexico, December 14th, 1896. da.tos compl ementarios que pudieren necesitar. México, Diciembre 14 de 1896. (Signad) Josx IVES Lnu.NTOUR. (Firmado) JosE I us LrnAN•roua. EL FINANCIERO MEXICANO Qls. .. A.ilo. Q,ls. Afio. 5 ....... 497,811 1889 6 ....... 457,515 1887 7 ....... 453,188 1896 8 ....... 436,716 1891 9 ....... 414,929 1893 10 ....... 413,259 1892 U ....... 1?83,629 1890 12 ....... 281,291 1888 Cwt. Year. 1 ....... 776,144 1886 2 ....... 636,846 1894 3 ....... 553,396 1895 4 ....... 509,170 1885 Cwt. Year. 5 ....... 497,811 1889 6 ....... 457,515 1887 7 ....... 453,188 1896 8 ....... 436,716 1891 t Cwt. Year, 9 ....... 414,929 1898 10 ....... 413,259 1892 11 ....... 1?83,629 1890 12 ...... 281,291 1888 Instalaciones para Fábricas de Acero en el Japón. Steel Plant for Japan. El corresponsal en San Francisco del He-rald de Nueva York, dice: "El Sr. Oshina, director técnico de la proyectada filbrica de acero en el Japón, ha llegado de Yokobama en el vapor 'Rfo de Janeiro,• acompafiado de cuatro in,!enieros japon~ ses, que estlín haciendo visitas li las principales fl'lbricas de a~ ro de América y Europa, con el objeto de comprar una instalación que cueste mlís 6 menos $2,000,11()(). Dicen que comprarítn la mejor y más barata, de donde quiera que sea. La instalación debe tener una capacidad de 100,000 toneladas y serlí colocada en los terrenos carboníferos del Sur del Japón. Se emplearítn tan- . to el sistema Martin como el 13essemer. Dijo el Sr. Oshina: 'Queremos colocar ll. nuestro pafs en el rango que le corresponde entre las primeras naciones manufactureras. Necesitaremos una enorme cantidad de acero y no debemo!! tener que pedirla al extranjero.' La comisión permanecerá. aqnf aleunos d(as inspeccionando las fábricas de San Francisco, y marchar!\ para St. Louis, Cbica,·o y Pittsbur h, volviendo después r, Europa. E l viaje redondo les tomará un aflo." Oshina, technical director of the proposed steel works in Japau, and fonr J af>anese eneineers, arrived on tbe-steamer Rio de J aneiro, from Yokohama. Tbey are on a tour of inspection ofthe Heat steel works of America and Europa, baving in contemplation an order to buy a plant costhtg, approximately, $2,000,000. They say they will buy where they can get the best and tbe cheapest. The plant when finished is to bave a capacity ofl00,000 tons. It will be built in the coal fields in southern Japan. Both Martin and Bessemer steels are to be manufactured. ' We wánt to put our country,' sald Mr. Oshina, ·where it properly belones-in the van as a manufacturinir nation. We will need a vast amount of steel, and do not want to depend on any other country for it.' The party ,vil! be here for severa! days, and ,vill examine tbe manufactoriesofSan Francisco, and then go to St. Louis, Cbicago and Pittsburgb, and on to Enrope. Tbe en tire trip will occnpy one year.'' La Industria EJectrica en los Estados Unidos. Electric lndustry in tbe Unlted States. El Sr. William Baxter, jr., en un artfculo publicado en Cassier's Ma¡?azine, dice lo siguiente: "El capital total invertido en el alumbrado eléctrico de los Estados Unidos se estima eñ más de $,500,000,000. El nOmero do instalaciones, pt1blicas y privadas, es de ml\s de 10,000. El nt1mero de motores empleados se estima en 6ll0,000, y su valor en $100,000,000. Los aparates eléctricos empleados en la minerfa se valt1an en $100,00o,uoo, y los de ascensores eléctricos probablemente no valdrAn menos de $15,000,100. Pero la industria eléctrica mlís importante es la de ferrocarriles. En este ramo hay invertida una cantidad enorme, que en los Estados Unidos asciende á unos $700,000,000. Se dice que el número de motores del sistema de alambre aéreo pasa de 25,00o, que recorren más de 12,00ll millas de vfa. Las líneas eléctricas representan más del 90 P8 de todas las vfas urbanas forll.neas del pals. El total del capital invertido en el alumbrado eléctrico, ferrocarriles y otras aplicaciones eléctricas, es de ll,5ú0,000,000, excluyendo el valor de las ffibricas en que se construye la maquinaria y los aparatos. Siendo muchas de éstas entre las mayores empresas industriales del mundo, y siendo tc>das de respetable magnitud, es claro que su capital en junto importará una cifra colosal . Puesto que la industria de alumbrado "Tu tbe electric liebtin¡¡- field tbe teta! capital invested in the United States is given as over $500,000,0HO," says William Baxter, Jr., in rJa,ssier's Jfagazme: "The number of planta, public and prívate, is over 10,000. Tbe num ber of motora in use is estimated at, about 600,000, and their value at about$100.000.000. The electric apparatus used in miuin1r is estimated at $100,000000, and the valu e of tbe electric elevator industry will p robably not fall s hort of$15,UOO,OOO, The most important of ali tbe eleotrical industries, bowever, is tbat of electric railways. In this field t.be investmeut is very great, and in the United States is represented by a ca1>italization of over $700,000,000. Tbe number of trolley cars in uso Is said to be over 25,000, and these run on over 12,000 miles of track. Tbe electric railways represent more tban 90 per cent. of ali the street and suburban railroads of tbe co11ntry. The a11g1·cgate of ali the capital invested in electrio ligbtin" , electric railways and el ectrio power is about $1,500000,000, and this does not include tbe value oftheestablishmenta that manufacture the machinery and apparatus. A.a many of tbese are among the largest industrial enterprises In the world, and as nearly all are concerns of considerable magnitude, it is very evident tbat their combined capital will run up into lar¡e A San Francisco dispatch to the New York Herald says: "M. Pxpedlción Belga al mar Antártico. - ... Belgian Alltarctic Expeditioo. El Teniente de Gerlache, Jefe de esta proyectada expedición, dice que "saldrlí de Amberes por el 15 de Julio próximo. El vapor 'BélRica' llevarlí vfveres bastantes para tres afios, y probablemente no regresar§. antes de dos afios. Durante el primer ano la expedición proceder§. l!. Tierra Graham en el Mar de J orge IV, y pasarA el invierno en Australia. El segundo afio probablemente seguirlí. el rumbo de Tierra Victoria.'' El Teniente agregó: "Pensamos dedicarnos especialmente lí los estudios de geologfa y zoologfa, recogiendo muestras de diversas profundidades del mar y de los depósitos submarinos. También averiguaremos la temperatura del mar en diversos puntos, y en general baremos investigaciones parecidas l!. las que verificaron el 'Challenger' y otras expediciones al AntArtioo." Lieutenant de Gerlache, the leader of the projected Belgian Antarctic expedition, "says that it will start from Antwerp about- July 15 next. Tbe steamer Belgica will carry a threeyears' supply of provisions, and will probably be absent about two years. Durin~ the fi.rst year the expedition will go to the eastof Graham Land in George IV. sea, and then winter in ÁU&tralia. The secoud year they will probably go in tbe dirootion of-Victoria La.nd.'' "We intend," the lientenant saya, "more especially to devote ourselves to geological and zoological r~ search, taking for tbis purpose specimens from tbe various sea depths and the subma.rine deposita. We sball also estimate the sea temperature at düferent depths, and, in short, make r&searches similar to those made by the Challenger and other Antarctic expeditions." Los Pozos de Petróleo de Baku. Tbe 011 Pouotaios ol Baku. El Cónsul Britímico en Batnm, en un reciente informe describe el rápido desarrollo del comercio y prosperidad d~ Baku, en los siguientes términos: "La población se ha hecho ya un puerto marrtimo do primera clase. En cuanto li. los pozos de petróleo de la Penfnsula A.pscberon, aunque la corrienteexpont!l.nea no es tan frecuente como hace dos ó tres anos, sin embargo, se pueden obtener cantidades ilimitadas del aceite. Miéntras estuve en Baku, uno de los pozos estuvo rindiendo 10,000 toneladas diarias, lo que significaba para su duef\o una r enta de .tG,000 al dfa. No duró asf mucho tiempo, pero al cabo de dos meses babra producido 800,000 toneladas de petr6leo, con un valor en plaza de uuos .,e150,000. El petróleo fué conducido A dos The rapid iucrease of tbe trade and prosperity at .Baku is described. in a recent report from the British consul at Batum. The town has now become a first--class maritime port. "A.s to the oil wells of the Apscberou península, although the spontan~ ous flow is not of such freqnent occurrence as it was two or three years MO, yet the oil is still procurable In unlimited quantities. Wbile the consul was at Baku one oil fountain was throwing up 10,000 tons daily, and was bringing its owner an income of about .fl6,000 a day. It did not continue at this rate very lone; bnt in two months it bad thrown up 300,000 tons of oil, valued, at current rates, at about .lll50,0 IO. 'Í'he oil was run into two largo ponds wbicb had been prepared for its receptiQn, • .. �266 EL FINANCIERO MEXICANO EL FINANCIERO MEXICANO g~des tanques que se habfan preparado para su recepción, de los que fué subido por bombas con toda la fuerza disponible á. bordo de vapores destinados A Astrakhan. El movimiento e buques en el Mar Cii.spio ha alcanzado ¡zrandes proporciones con motivo del enorme comercio en petróleo. H ay una demanda prodiáosa del aceite crudo en todas partes de Rusia, y particularmente en las poblaciones manufactureras d e las orillas del Volrn, en donde se u sa como combustible. Se le dá el mismo empleo en al~unos ferrocarriles rusos y por todas las empresas de vapores que recorren el Volga. Los comerciantes que se ocupan de este comercio en Baku son armenios, persas, tártaros, hebreos, all!'unos grie~os y un ntimero reducido de otros europeos, principalmente alemanes. Hay muy pocos comerciantes rusos." and from these it was pumped as fast as the machinery could do it direct into tank steamers for Astrakhan. The shipping industry on the Caspian has assumed very large proporj;ions in consequence of the vast trade in oil. The demand for crude oil all over Russia, and especially in the m anufacturing centers alonl!' the banks of the Volga, where it is used for fuel, is enormous. Certain Russian railways use tt for the same purposes, and all the steamship companies on the Volga. The merchants engaged in the great trade of Baku are Armenians, Persians, Tartars, Jews, a smaller number of Greeks, anda limitad number of other Europeans, among whom the Germans predominate. There are very few Russian merchants." La Fabricación de Vidrios de Color. Productlon of Colors in Cilass. Segtin el .American Manufacti~rer: "Los exquisitos colores que actualmente se producen en ciertas clases de cristales en .Alemania, se deben al arte de los sopladores de vidrio, mediante el uso de un aparato que consiste en un cilindro vertical d e fierro laminado, de 20 pul, adas de alto y 8 de di6metro, al que estli asegurado otro cilindro parecido, formando una mufla en figura de T. En el cilindro inferior hay practicado un a , ujero que deja pasar una cuchara de fierro; y el cilindro horizontal está, provisto de puertas en cada extremidad: cuando estA cerrada la más cercana al operario, el soplete puede descansar en una grieta horizontal que la corta por un lado, estando adentro el objeto que se vá. á. colorar. Cuando el soplador cali enta ésta por liltima vez, un ayudante pone en la cuchara de fierro, que está al rojo, una porción de una preparación qufmica especial, y la introduce luego por el a ujero que existe en el cilindro vertical. La mezcla inmediatamente desprende vapores que suben al cilindro horizontal, en el que entretanto el sopládor ha introducido el sopletll junto con el objeto, con un color rojo uniforme, y lo hace • irar rápidamente en el vapor; después de poco tiempo se saca el objeto cubierto de un lustre opalino, es desprendido del soplete y templado en un horno ordinario, lo mismo que otros efectos de cristal, y luego es tallado, grabado, pintado ó dorado, se.: tin se desee." The .American Manufacturer says: "The beautiful colorinll of certain varieties of ll' lass now produced in Germany is an art practiced by the glassblowers at the furnace, by means of an apparatus consisting of a sheet iron cylinder, twenty inches lon!!' and eight inches in diameter, standing vertically, and havin !!' a similar cylinder riveted across the top, thus forming a T-shaped muffle. In the lower cylinder is an opening into which an iron ladle can pass: and the horizontal cylinder is provided with d oors at each end, the one nearest the operator being so arranged that the blowpipes can be supported when the door is closed in a horizontal split running to its middle, the object to be treated being held inside. ~ hile the elassblower is reheating his work for the last time in the furnace. an attendant takes the long- handled iron ladle, which has been heated red hot, shakes into it about a s poonful of a specially prepared chemical mixture, and places the bowl of the ladle quickly in the openiniz provided for it in the vertical cylinder. The mixture immediately gives off vapor, which rises to the horizontal cylinders, where rneanwhile, the blower h as placed his work, supported by the blowpipe, and heated to an even red, turning it rapidly in the vapor; in a short time the object, covered with a changeable luster, is removed from the pipe and tempered like other ware in an ordinary oven, then cut, engraved, painted, or gilded as desired." El Presupuesto é Informe Hacendario. Tbe Treasury Statement and Budget. IN this issue we publish a. summary of the Treas' EN este número publicamos unresúmen del informe bacendario sobre el último afio fiscal, y los presupues- ury sta.tement for the la.st fiscal year and tbe estime.tes of revenue and expenditure for the coming yea.r. tos de iogresoe y eS?:resos del afio entrante. It w1ll be observed tht Fina.nea Minister LimanSe notará que el Secretario de Hacienda espera tener el afio venidero un pequefio sobrante de $25,462, tour budgets to a ama.U surplus for next year, vig., pero este hecho no tendría significación especial si no $25 462 but this fe.et would have no particular signififuera por el satisfactorio resultado _loi¡rado durante el can~e 'were it not for the gratifying result actually afio fiscal que finó en 30 de Junio próximo pasado. Al achieved during the fiscal year which ended on June dirijirse el Presidente de la República al Congreso en 30th, last. The President of tbe Republic, addressing ·b eptiembre último, antes de hit berse depurado las cuen- CongrE!ss last September, before the accounts for the tas del afio en cuestión, calculó el sobrante en .... .. . . yea.r in question had been closed, roughly estimated $4,600,000 en cifras re •ondas. Este cálculo fué menor the surplus at $4,500,000. The reality proved better que el real. El exceso efectivo de los ingresos sobre than the supposition. The actual excess of receipts loe egresos fué de $5,451,347, cerca de un millón de over expenditure was $5,451,347, nea.rly a million dolpesos de lo estimado por el Presidente. Además lars more than the President's estime.te. And tbe dicho sobrante no fué ficticio, pués los adeudos insolu- eurplus was not fictitioue, the undiscbarged liabilities tos á fines de afio sólo asceodieron á $168,549. Cuando for the year amounting at ita close to only $168,549. los presupuestos de 1895-96 estaban discutiéndose en Now when the estima.tes for the year 1895-96 were el Congreso, en la primavera de 1895, la Comisión de under discussion in Congress in the Spriog of 1895, the Presup•1estoe de la Cámara de Diputados calculaba el Budget Committee of the Cbamber of Oeputies aniobrante en eóto $100,000, Ósea menos de la quincua- ticipated a s1irplus of $100,000 only, lees than o~e _gésima parte del sobrante que ee lle'tó á. obtener. Un ñftietb part of the surplus actually obtained. A res11U 1reaultado tan superior á las esperanzas, durante el Úl- ilo subtantially exceeding expeetations f.,r the laat ·wno período fiscal, es uoa. prueba de la prudencia con fiscal period is a solid ea1 nest of the conservatism 'of ·'1le'áe bab, hecho los presupuestos.que- ahora se so- the.eetimable juat sutnnitted to,.Oo1;1grees. , 1hi':' meten' al Congreso. Confirma esta creencia· el hecho de · of the matter is strengthened by the consideration tha, más 'º !!,.-, que el prt>supuesto de ingresos de 1897-98, á saber, $49,967,900, es un poco inferior á los ingresos efectivos de 1895-~6 que fueron de $50,521,470, y aunque es cierto que el afio pasado se cobraron algunos impuestos que se suprimirán el entrante, ¡como por ejemplo el impuesto sobre sueldos, que en 1895-96 rindió $1,012,474) no es menos cierto que dichos impuestos sólo ascienden en junto á una cantidad que hay motivo para creer será compensada por el crecimiento natural de las rentas en el espacio de dos afios. Una de las circunstancias más satisfactorias que constan en el informe, es la de que las entradas• del Gobierno de fuentes normales ú ordinarias ($50,521,470) del afio en cuestión, fueron mayores en $2,817,339 que los ingresos de 1892-93 de todas clases, Ó sean .... $47,704,131. Las entradas extraordinarias en el dicho afio de 1892-93 importaron $10,011,838, suma que, como representaba principalmente los productos de· empréstitos, no podía considerarse como rentas más que para los fines de la contabilidad, pues su ingreso á la Tesorería atrajo necesariamente la creación de nuevas obligaciones nacionales por igual cantidad. Al hacer una comparación de las operaciones do 1895-96 cc-n las de 1892-93, los dos totales que deben tomar&3 en cuenta son los que en dichos afios provinieron de las fuentes normales y leg~timas, Ó sean $50,521,470 y $37,692,293, respectivamente, resultando un aumento en los tres años de $12,829,177, ósea. el 34 pg. · El motivo de lo muy reducido de los gastos extraordinarios durante el Último afio fiscal, á saber, $10,029, se pone de manifiesto en el informe del Sr. Limantour que publicamos en otra columna. Baste decir que el Gobierno no tuvo que recurrir durante el afio en cuestión á ninguna operación de crédito lo que patentiza más aún lo substancial del sobrante que arrGjan las cuentas del afio. En general puede decirse que el informe hacendario correspondiente al último afio fiscal y los presupuestos del entrante, son documentos que robustecerán el crédito de México en el extranjero. Inconteetablemente encierran la. exposición más satisfactoria que ningún otro Ministro de México ha tenido el privilegio de presenta.r. 267 the estime.tes of revenue for 1897-98, viz., $49,967,900, are slightl¡r !ese than the actual collections of 1895-96, viz.. $50,521,470, and although it is true that certain taxes were in force last year which will not be operativa in the coming year (as for exa.mple the tax on salaries which in 1895-96 yielded $1,012,474) it is no less true that those ta.xes do not in the aggregate a.mount to a sum which the natural growth of the revenue in two years may not be expected easily tQ_ compens11.te. One of the most gratifying facts i~ connection with the Treasury S tatement for 1895-96 is that the revenu~ of the Government from normal or ordinary sources, viz., $50,521,470, in the year in question, exceeded by $2,817,339 the receipts in 1892-93 from both ordiaary a.nd extraordinary sources, viz., $47,704,131. The extraordinary receipts in the earlier year amounted to $10,011,838, a sum which, representing as it principally did the proceerls of loa.ns, could not, except for bookkeeping purposes, be considerad as rev.enue at all, as its entry into the Treasury necessarily implied the creation of a new national liability of equivalent amount. In comparing the results of 1895-96 with those of 1892-93, the two s.mounts to be considerad a.re those derivad in the two ye,rs from normal and legit.imate resources, viz., $50,521,470 and $37,692,293, respectively, showing a gain of $12,829,177 or 3! per cent. in three years. The origin of the total!y insignificant amount of extraordiuary expenditure last fiscal year, viz., $10,029, is su:fficiently explained in Mr. Limantour's statement published elsewhere in this issue. It is sufficient to state tha.t the Oovernment had absolutely no recourse to borrowing during tbe yea.r in question, which placee the substantial _s urplus with which the year closed in a still more favorable light. Altogether it may be said tbat the Treasury Statement for laet fiscal year, and the budget estime.tes for next, are documente which will etren~then the credit of Mexico abroad. They a.re a.eeuredly tbe most a.. tisfactory expositions tbat any Menean Finance ister has been privileged to make. Min- .. Las Riquezas Minerales de Terranova. Newfoundland's Mineral Resoarces. Uu corresponsal del Financial Daily New8, de Londres, al hablar de los r ecientes cableuamas recibidos acerca de las riquezas minerales d,e Terranova, dice que "durante los 'tiltimos cuatro meses nn pequeño Sindicato se ha ocupado de explorar unos terrenos en Silverhill, Bahfa de Placentia, yha descubierto algunos filones de ealena, que en algunos casos son visibles en la superficie en toda una milla, y cuya profundidad se sabe se extiende á. 90 piés, nivel de las galerfas, y probablemente mucho mAs aün. Las muestras que se han ensayado en las minas tienen una ley de 20 li. 60 pg de plomo y de 17 ~ 100 onzas de plata por tonelada; est.os ensayes han sido confirmados en Londres Y prometen un brillante porvenir para la industria minera en esa colonia hasta ahora casi desconocida." A coi-respondent informs the London.Financial Daily apropos ofthe.reccnt cable1rams concerning the mineral wealth of N ewfoundland., that "durin~ tbe past four mooths a small prívate syndicaté has been enqal\'ed inexploring a property at Silverhill, Placentia bay, with the result that severa! lodes of ~alena have been discovered, in some instances outcropping for nearly a mile in length, and running down to about 90 feetr-ttí.e le-yel oftoe drives-while there is every probability of tbe o~e extendinl\' to a great depth. Samples, assayed on the spot, give from 20 to 60 p er cent. of lead and from 17 ounces to 100 ounce11 silver per t.on, which, confirmed by assays made in Lon~ a~pear to indicate a ereat future for the minin'{ industry in that hithert.o n e~lected colony," · Molinos de Harina Anglo-Americanos. Englisb•Americ;aq Plour Makers.. Dice el F'inancial News, de Londres: "Durante eJ.. ano que terminó en 31 de Agosto, los molinos p.e harina Pillsbury-Wa.shburn produjeron 660,000 barriles de harina mAs qne en el ano anterior, Y 300,000 má.s que en ei ano de 1891- 92, que fué el de m.a- The LÓndon Financial Newa says: "In the year ended Mi11!1 ,ma¡le,sorq, 660,000 more barrels of flour _than Jn the precedin, twelve months a.nd 300,000 more thanw in the company•s record year, Newa, A.ugust ~l th~ Pillsbury-Washb\ll'll FlQiµ- �EL FINANCIERO MEXICANO EL FThlA.NCIEhO MEXICANO 268 yor producción y el de menores dividendos. Los trastornos financieros de los Estados Unidos harán que no deje utilidades el se~undo semestre, habiendo deven, ado en el primero toda la ¡¡anancia lfquida de 4!105,516. Esta suma basta para pa~ar los Intereses sobre los bonos y los dividendos sobre las acciones preft,rentes, as{ como .1:14,000 que representan el 7 pg de réditos y 3 p~ del fondo de amortización sobre los dividendos insolutos. El fondo de reserva ha aumentado de .1:20,000 á. .1:811,000. La Junta Directiva hace observar que las cantidades aplicadas al fondo de reserva y á. pagos sobre los certificados de intereses preferentes, representan el 5 p8 sobre las acciones ordinariashecho que no será. muy consolador para los accionistas. Los Directores esperan que al terminarse ias nuevas obras hidrAulicas, los productos de éstas bastarlin para cubrir los réditos de los bonos." when the ordinary dividends ceased. The financia! troubles in the States made the business of the latter half of the year unremunerative, the net profit of .1:105,516 being entirely earned in the first six months. This sum suffices to pay the debenture interest and préforence dividend, as well as .1:14,QOO representing 7 per cent. interest and 3 per cent. sinking fund on the funded arreara of preference dividend. The reserve is raised from .l:2/l,000 to .l:30,000. The directors point out that the sums absorbed by the appropriation to reserve and by the payments on the preference income certificates represent 5 per cent. on the ordinary capital-a fact that must bring only modified satisfaction to the shareholders. The directors are hopeful that whe~ the new waterworks are completed water-power rents will suffice to pay the debenture interest." f\epartameoto de Irrigación del E~ipto. Egyptiao lrrigatioo Departmeot. Segtín el corresponsal en el Cairo del Time.s, de Londres: "el Sr. W. E. Garstin, en su informe sobre los trabajos del D&partamento de Irrigación, dice que 1895 fué un año notable para los agricultores egipcios. No sólo hubo cosechas extraordinariamente buenas y abundantes, sino que se realizaron á. precios mucho mayores que durante muchos ailos ante1-iores, siendo la tmica excepción el azücar. Parece probable que habrá. un gran ensanche en el cultivo del aztícar, y dado un mayor abastecimiento de aguas y de fertilizadores baratos, se podrá aumentar el rendimiento. En diez ailos se canalizaron 1,4l10,( 00 acres de terreno á un costo de .1:421,0CO, pero quedan por tratar otros 3,C00,000 de acres, que implican un gasto de 4,'.8()(1,000. Hasta fines de 1895 se hablan construido 900 millas de caminos agrfcolas. Para conectar estos caminos se han otorgado concesiones para construir y explotar ferrocarriles ligeros en cinco de las seis provincias del Delta." 'l'he Cairo correspondent of the London Times says that "Mr. W. E. Garstin, in bis report on thework of the Irrigation Department, says that 1895 was a red-letter year for Egyptian agriculture. The chief crops. were not only exceptional in yield and quality, but the prices, sugar excepted, ruled considerably higher than durinir several previous years. The present tendeucy is to increase sugar cultivation upon an extensiva sea.le, and, with an improved water supply and greater facilities for obtaining manure, the yield can be very largely augmented. In ten years 1,400,0ílO acres have received drainage at a cost of .1:421,000, but there still rema.in 3,000,0!10 acres, which will require an expenditure of ,esoo,ooo. Of agricultura! roads, 900 miles were completed at the close of 1895. Concessions for laying and working light railways in connection with these roads have been granted over five out ofthe six provinces ofthe Delta." ~otas Oeoerales. Oeoeral Notes. _ El Lic. José F. Godoy, que durante mucho tiempo estuvo como Encargado de Negocios de México en Guatemala, y quien se encuentra en esta capital en camino par~ Washington, con el obJeto de hacerse cargo allí de un puesto importante en la Legación Mexicana, informa que en la República Suriana se están construyendo ferrocarriles con mucha actividad. El Ferrocarril del Norte, que unirá á la Capital de Guatemala con Puerto :Barrios, quedará terminado en el curso del afio entrante. Un número considerable de peones mexicanos han pasado la frontera y están ganando buenos . jornales en las obras ferrocarrileras guatemaltecas. Lic. fose F. Godoy, who for long was charge' d'a,ffaires of Mexico in Guatemala and who has been staying in this P-apital en route for Washington, where he will occupy an important position in the Mexican Legation, reporte that tbere is considerable activity in railway construction in the Republic to the South of us. The Northern Railway, which will connect the capital of the Republic with Puerto Barrios, will be completad some time next year. Quite a number of Mexican peons have crossed tbe frontier and are engaged _o n rait way construction in Guatemala at good wages. * * * , Sigue con toda actividad la colocación de la cafiería de las obras de abastecimiento de agua en Hermosillo, Sonora. Ya se han tendido dos terceras p"'rtes de los tubos principales, y se están tendiendo los secundarios, que los unirán con las CliSas. La cafiéría ea de 15, 71 y 5 centímetros de diámetro. También se ha emprendido ét5n act.ividad el ensa))che de la presa en el Cerro de la ·campana. Los habitantes de Hermosill') pronto tendrán un abastecimiento de agua mucho mayor y mejorado. • * En las agencias mineras del Estado de Sonora se presentaron durante el mes de Noviembre último 42 aolicitudee, contra 26 en el mismo mes de 1895. Este es un indicio de mayor actividad en la minería sonorense. • • • En épocas pasada.e las autoridac'les de los Estados 1891-~, * * * Rapid progrese is being made in the laying of tht> pipes of the Hermosillo, Sonora, water- works. Twothirds of the maine have already been laid and the ramifications fur domestic service are being put in. The pipes are of 15, 71 and 5 centimeters in diameter. Active work is aleo being done in enlarging the reservoir on the Campana hill. The inhabitants of Hermosillo will soo~ en1oy a greatly increased and improved water-service. * han otorgado diversas concesiones para utiliza~ las aguas de las corrientes de jurisdicción federal. A fin de dar carácter legal á los derechos de los particulares a quienes se han otorgado dichas co11cesiones, el - Con1 . greso ha facultado al Ejecutivo de la Unión para que, por una sola vez, las revalide, siempre que los dueños actuales llenen los requisitos siguientes: deberán solicitar la revalidación federal dentro de un año: deberán comprobar que:la concesión se les hizo después de promulgada la ley de 5 de Junio de 1888, y con anterio ·idad á la declaración de la Secretaría de Comunicaciones respecto á la jurisdicción federal de la corriente en cuestión: deberán, al solicitar la revalidación de la Secretaría de Fomento, acompafiar una copia legalizada del titulo expedido por el Estado, junta con los planos, etc., necesarios. En lo sucesivo, las autoridades de los Estados, antes de otorgar una concesión de cursos de agua de carácter dudoso, deberán consultar al (iobierno Federal para que se aclaren las dudas. Las concesiones que hicieren los Estados sin que se baya llenado este requisito serán nulas, y de ningún modo serán confirmadas má_s tarde. · * * * F'rancia ..... . Inglaterra... . 2,352 1892 1893 1894 1895 1896 2,515 7,620 6,299 4,520 3,627 772 994 1,832 4,400 5,771 • At the severa! mining agencies of the State of Sonora 42 apr,lications for grants were filed during November last, against 26 in tbe same month of 1895. This is a token of inoreased aetivity in mining in Sonora. • * * * The exporte of benequen from Progreso during November last amounted to 35,418 bales weighing 6,033,098 kilos and valuad at $672,690. * Ya se prosiguen activamente las obras del nuevo Hospital General en la Colonia Hidalgo. Los planos fueron levantados por el Dr. Eduardo Liceaga y el Ingeniero Roberto Gayol, y entra.fían Jas ideas más mopernas y acreditadas. Tanto como la Penitenciaría , , ' que ya ~eta a punto de ser terminada, el nuevo Hospital, sera un verdadero adorno de la Ciudad. Pronto se va á emprender la construcción de un nuevo edificio ~oderno destinado á servir de asilo á los dementes. Sera levantado en los terrenos tle la Castañeda, cerca de la amena población de Mixcoac. El estado prÓRpero del Erario pone al Gobierno en aptitud de emprender estas mejoras sin perjuicio de sus recursos especial, . ' mente como podra cubrir una parte considerable del costo con los productos de la venta de edificios federales de la Capite.l, que actualmente están destinados á hospitales, etc., y que dejarán de ser útiles cuando los nuevos edificios estén terminados. También se realizará de la misma manera económica, el proye<·to de edificar nuevos cuarteles para el Ejército, mejora urgentemente demandada por razones de conveniencia y salubridad. * * * Las importaciones de cobre mexicano á Francia é Inglaterra durante los Últimos once meses de los afíos que abajo 110 ~xpresan, en toneladas de metal puro, fueron como sigue: 1891 In past times the States be.ve often granted water rights which properly were subJect exclusively to Federal jurisdiction. In order to place the rights of existing possessors under these irregular grants on a lego.l footing, Congress bus empowered the Federal Executive to coi.firm such grants for once, provided the possessors comply with the following conditions, viz., they must solicit Federal confirmation within ayear; tbey must show tbat tbe grant was made to them after thfl promulgation of the Law of J une 5th 1888 and before the water course of wbich they ar~ av:ilmg themselves was declarad offi.cially to be subject to Federal jurisdiction; they must in applying to the Department of Encouragement for confirmation submit a. legalizad copy of their State title, together with aU necessary ple.ns, etc. In future Sta.te authorities befare granting rights to water conrees of doubtful j~risdiction, must apply to th.., Federal Government with a view to removing such doubt. Grants made by the States in contravention of this rule in future will be null and void and aba.U on no account be admitted to subsequent validation. * Las remesas de henequén de Progreso al extranjero durante el mes de Noviembre, ascendieron á 35,418 pacas, con un peso de 6,033,098 kilÓgramos y un valor de $672,690. * 269 * • W ork on the new general hospital in the Hidalgo Colony is progressing satisfactorily. The plans were drawn up by Dr. Eduardo f,iceaga a11d Engineer Roberto Gayol and embody the most modern and approved ~deas. Like the penitentiary now approaching completion, the new hospital will be a credit to this city. Another new institution which will aoon be undertaken is a modern insane asylum. This structure will be erected on the ~rounds of the Castañeda near to the healthful ¡¡uburb of Mixcoac. The prosperoue condition of the Treasury ene.bles the Government to undertake tbese improvements without strain on ita resources, and, besides, the Government will be able to meet a large part of their cost out of the proceeds of the sales of government buildings in this city now serving as hospitals, etc., and which, when the new structures are ready for occupancy, will no longar be needed. The plan for providing suitable barracks for the army, an improvement urgently demandad by reasons of convenience and health, w1ll be carried out. on tbe same inexpensive linee. * * * The importe of Mexican copper into li'ra.nce and England for the first eleven monthe of the following years were, in tone fine: 1891. 1892. 1893. 1894. 1895. 1896. Franca..... . . • 2,515 7,620 6,299 4,520 3,627 England ....• 2,352 772 994 1,332 4,400 5,771 Presupuestos de 1897•98. Budget for 1897.98. El Sr. Limantour, Secre·tario de Hacienda, ha some·tido al Congreso los presupuestos de ingresos y egre- Finance Minister Limantour has eent to Congrees the Estima.tes of Receipts and Expenditure for tbe �270 .EL .FINANOIERO MEXICANO sos para el año fiQcal entrante de 1 ~ de J olio de 1897 é. 80 de Junio de 1898. En nuestro ;próximo número darémos un analfais detallado de dichos presupuestos, pero por el momento bastará decir: (19) Por lo que toca á los ingresos no se ha h cho ninguna reforma radi-0al en los impuestos, (menos por supuesto la creación de los decesarios para substituir las alcabalas, que se pusieran en vigor el 1 ~ de Julio último y que apare-0en en el nuevo presupueslo, y la abolición de la contribución sobre ... neldos de empleados federalAs y pRrticulares que· dejarán de recaudarse desde el 1 ~ de Enero de 1897 y que desaparecl!rán del presupuesto): y (2 ~) En cuanto á los egresos, atento el estado próspero del Erario, y lo conveniente de volverá emprender lat1 mejoras que hace tiempo i:,e euspAndieron C' •n motivo <le la escasez de fondos nacionales, se ·h~n hecho asigoacü,nee adicionales é. las diversas Secretarí~s, que a~cien<len en junto é. unos $2,637,510 más q ue en el pre@upuesto vigente, see:Ún aparece por la siguiente tabla : 0 EL FINANCIERO MEXICANO coming Fiscal Year .Tuly 1st 1897 to June 30th, 1898. In our next issue we wtll l!ive a fuli R.n&lysis of the ,budget in question, but it is sufffoient for the moment to say, (1) with respect to revenue, that no subet,i.ntial modification has been mad in taxation (except tbat ofcouree the substituta taxes for tbe al,eabalas which have been in force sin ce J uly 1st, laet, are embodied in, and that the tax on salarie,1 both of public and priva.te employes, which will in fa.et ceaee to be cnllected on Jan 1st, 1897, is eliminated from, the new bu<lget) and, (2) with reepect to expenditure, that, in view of the prosperous condition of the Treasury, and of the expediency of refluming work on publicimprovemeitts, arrested by har,1 times iu the past, certain additional appropriatione are proposeú in the sever,i,l departmeutal votes, sach additionFI aggregating $2,637,510 over the current budget, as ap;>eitrs from the following table: Presupuest) vigente Inicia'iva para 1897-"8. Aumento Current Budi,;et. Estima.tes for 1897-9@. Iocr ase Poder Legislativo.-LPgislature..............................................................................$ Poder Ejecutivo.-Executive................................................................................. . Poder Judicial.-Judiciary.................................................................. ............... . Secretaría de Relaciones.-Forei, n Affairs .......... ................................................. . Secretaría de Gobernación.-Interio•.................................................................... . Secre arfa de Justicia:-Justice and Education: Justicia.-Justice............................................................................................. . Instrucción püblica.-Edu<'.ation..................................................................... . Secretaría de Fomento.-Encouragement................................................ .... ......... Secretaría de Comunicaciones y Obras Püblicas.-Communications and Public Works............................................................................................................... . Secretarfa de Hacienda:-Finance Department: Servicios administrati vos.-Administrative.................................................... . Deuda Püblica.-Public Debt......................................................................... . Secretaría de Guerra y 'Marina.~Wa.r and Marine............................................. . Suma ............................................................................................$ l.0ll,643 90 60,971 60 435,197 00 519,476 50 3.361,849 25 1.011,613 90 80,968 60 436,821 25 529,237 60 3.673,692 90 19,997 00 1,6~4 2-5 9,761 10 311,843 65 631.483 50 1.4011,423 35 660,587 21 641,988 20 1.620,399 80 740,388 91 lfl,604 70 219,976 45 79,Sol 70 4.635,088 95 5.281,666 50 646.577 65 5.945,935 40 18.595,25'1 00 10.297,1119 84 6.05.5,201 &5 18.703,768 00 11.416,656 60 109,269 .45 108,618 00 1.119,636 76 47.554,9'26 50 50• 192,437 11 2.637,510 61 ----- El presupuesto de in11resos para 1897-98 es como si~ue:-The estimates of Revenue for 1897-98 are as follows: Impuestos al comercio extranjero; derechos de importación, exportación, etc.-Taxes on Forei~u Commerce; Import and Export Duties, &c................................. .......... .... ...... ..... ............ ..................... ... ........................................$ Im,,uestos Interiores que se causan en la Federación; Estampillas, etc.-Interior Taxes common to tbe whole Republic; Stamps, & .............. ........................................................................................................... ......... , .........••..........• Impuestos Interiores que se causan en el Distrito Federal y Territorios.-Taxes confined to Federal District and Territories........... ....... .. ...... .. ...... ................................. ......................................................... ••················· •····· •·· •·· ·• ···· · Servicios püblicos y Ramos Menores.--Services and Minor Sources of Revenue................................................... , ...... . 23.747,400 00 20.418,500 00 2.682,000 06 3.120,• O() 00 $ 49.967,900 00 Presupuesto de ingresos se2 ün arriba se expresa.-Estimates of Revenue as above......................................................$ 49.967,900 00 Presupuesto de egresos:-Estimates ofExpenditure: Asignaciones totales.-Total appropria ions .................................................................................$ 50,192,437 11 Menos las voluntarias.-Deduct optional........................... .................. ............................ . .......... 2511,000 00 49.942,437 11 Surplus................................................................................................................................................$ 25,462 89 Asuntos del Dfa. To pies of tbe Oay. ~n el informe hacendario que presentó al Congreso el Sr. Limantour, anuncia que el gobierno ·tiene la intención de mantener en la Tesorería un sobrante de cinco á diez millones de pesos para hacer frente á cualquiera emergencia. El Ministro expuso que el gobierno no deja de reconocer el principio universalmente aceptado en esta materia, á saber, que no debe recaudarse de los <'iudadanos más dinero del que se necesite para los fines administrativos, pero agregó que existe In bis Budget Statement to Coogress Minieter Limantour announces the intention of tbe Government to maintain a Treasury surplus of from five to ten million dollars in order to meet any emergency that migbt arise. Tbe Minister remarks that tbe Government is not insensible to tb e genera.By accepted princi ple in these matters, viz., that no more money sbould be taken from the tax-payers than is needed for administrative purposes, but be adds that there is a great deal gran diferencia entre acumular los fondos públicos ilimi- tadamente y tener una reserva pruilE•nte, q "e en .. 1 ca.so de una nuevll beja en el precio de h\ plata, más Ómenos prolongada, evitaría la neceBirlad de que PI 11:obierno recurriera. ánuevos impuestos Óé. uua reducción fol'zosaen sus gastos. El gobierno no tiene la intención de dPjar que el sobrante pase de los límite!"< pradentPs, y si las -entradas fednalee siguen aumentando como hqsta nhora, será necesario dedicar una parte del sobrante á la amortización de ciertas obligaci11nes nacionaleR Ó é. la ejecución de ruejor1Je deseablei>. Puede ser que también ee encuentre convenien te, á medida que los in¿resos tomen increme11to, efectuar nuevas reda cciones en los impuesto!l. • * * * El proyecto del Sr. Limantour ile aplicar una parte del sobrante é. la amortización ne ciertos títulos nacionales, es como sigue: se propone r edim;r en efectivo, á tipos convtnidoe, en el segundo semestre de cada año fiscal, cuando el esta.do de la Tesorería lo justifique, las subvenciones ferrocarrileras y otras que según las leyes de concesión deben pagarse en bonos del 5pg de la Deuda Interior amortizable, Fiempre que las empresas convengan en tal arreglo. El Ministro también piensa dedicar fondos sobrantes á la compra de bonos del gobierno en circulación, que no sean los del 5 pg. * * * of difference between allowine: public money t,o accumulate indefinitely aud kPeping on hanrl a moderate reserve whicb, in the event of a renewed decline in eilver, lasting; for a greate'l" or less time, would save the Goverr1meo t frorn t hti neceseity of bR.ving recouree again to uew taxation or a sudden reduction of expenditure. It is not tb e intention of the Governme nt. to allow the surplus to rnouut up b eyond the requirements of prudence, and if tbe revenu'e continuas to impi-ove at tbe present rate. it will be neces~R.ry t o apply a porlion of t be sarµlus t" redeeming cert'\in forros of public indebterlness or to pr omot ing n eeded improvements. It may also he found desirable, concurrently wit,h the ex:pansion of exp1mditure, t o effect etill further reduction in taxation. * * * Mr. Limantour'e pt..,, for applying a porti ,n of tbe e urplae to redeeming cert.ain forma of public indebtednees is, in the second talf of each fiscal year, wben the condition of the 'l reasury warrants tbe step, to pay in ca.eh, at etipulated rates, the railway and other subsidies whicb by concession are payable in Five per cent Interior liedeemable Debt bonds, provided ofcourse the concessionaires agree to such arrangement. Another feature of tlie Minister·e plan is to use apare money in bayinS?: up outetanding government bonds other than the Fi ve per Uents. * La frase con que el Sr. Limantour concluye su informe demuestra. que esté. preparado contra ciertos peligros que pudiera acarrear la actu1'1 prosperidad del Erario. Dice: "El riesgo esté. hoy, no en los acontecimientos (que todos se presentan favorables é. Ia consolidación de la Hacienda Pública) sino en nosotros miemos, porque el engreimiento y la alucinación que produce la bonanza, suele empujar al camino de la prodigalidad.'' El Ministro llama la atención, además, é. Ia necesidad de "no apartarse un ápice del plan general de parsimonia y moderación de los gastos que ha venido siguiéndose y al cual se debe la actual próspera situación nacional.". * 271 * No han escasea.do última.mente los indicios de que un conflicto serio pueda estallar en cualquier momento entre los espafiolee radicados en este país y ciertas clases de los nacionales con motivo de la malograda cuestión cubana. Recientes manifestaciones anti-espafiolas en San Luis Potosí y otras ciudades, casi han tomado las proporciones de motines. Parece que esta hostilidad nace del deseo aparente de los espafioles de impedir toda manifestación de simpa.Lía por los cubi..nos. Tal curso es del todo injustificable. Las 1~ yes otorgan la libertad de la palabra, y á la vez que muchos habitantes simpatizan incondicionalmente con Espafia., otros defienden la causa de los insurrectos, á quiéaes no se puede prohibir el que se expresen en términos que necesariamente han de ser más Ómenos inaceptables para los hijos de Espafia. Estos deberían encontrar consuelo en la conciencia de que tienen el apoyo moral de gran número de mexicanos de buena posición. Toda tentativa de coartar la libertad de opiuiÓn de los que piensan de distinta manera., sólo produciré. un resultado opuesto al que se desee. Es de esperarse, en beneficio de la tranquilidad pública, que la digna colonia espafiola adoptaré. esta moderada política y la pondré. en práctica. * * The sentence with which Mr. Limantour concludee bis statement shows tbat hEo is full.f" 11.live and on his guard against a peri! involved in the present prosperity of the Treasury. He saya: "The danger at present lies not in circumstances (for the prospect on ali sides is favorable to further improvement in financial conditions) bat in ourselves, for the fatuity and presumption consequent on prosperíty are apt to lead t.o prodigality." The Minister dwells, this connection, on tbe necessity of "not dt,part.ing one inch from the S?;eneral plan of economy and modera.tion in expenditure wbich has beun the rule f ,r sorne time and to whicb the Nation is indebted for ita preeent satisfactory eituation." in * * * Indications ha.ve not been lacking of la.te tbat a eerious conflict may at any moment brec.k out between the Spanish residents of this country and ce1 tain classes of the native population in regard to tbts illstarrea Ouban quest1on. Recent anti-Spanish demonstratione at San .Luis Potosi and elsewherti bave almost assumed the proportions of riots. Tbe trouble eeems to arise from tbe apparent determinR.tion of Spaniards here to check expressions of sympathy for the Cuban cause. Such attempts are altogether unwarrantable. Tlie laws guarantee freedom of utterance, an,:l while tbere are many people here who sympathize unco.n ditionally witb Spain, there are otbere wbo champion the cause of the Cubana and wl:io cannot be prevented from expressing their viewe in terms which must necessarily be more or less offensive to Spanish ears. Spaniards here should be content with the knowledge that the.v have with them tbe good-will of a large and inftuential section of Mexicana. All attempts to coerce the opinions of persona unfavorable to them will have precisely the opposite effect to tbat desired. It is to be boped, in the interest of public harmony, tbat the esteemed Spanish colony will meditate anda.et on thie temperate view of the situation. �EL FINANCIERO MEXICANO EL FINANCIERO MEXICANO Ferrocarriles. Railways. lnteroceiuioo.-Walter J. Stride, quien presidió !la Asamblea. de accionistas <le este F errocarril, celebrada en LÓndres el día 30 del mes próximo pasado, dijo en esa ocasión que, á pesar de la competencia de las demás lineas, las entradas del afio de 1895-96, solo ,fuer on menores en $114,000 que las dl3l afio anterior, asaber: $2,202,000, contra $2,316,000. Este satisfactorio resultado habla muy alto en prÓ de la Gerencia. Dijo que el Gerente Ge11eral, Sr. G. M. Stewart, seguía el programa de mejorar y mantener las condiciones físicas de la línea. E ste curst• ha dado por resultado el impedir accidentes y en consecuencia poner fin á las críticas hostiles por parte de la prensa en Mexico. Se había logrado mayor r egularidad en el movimiento de trenes de manera que se h uhÍan transportado más mercancí~s á pesar de la reducción en las millas reco·rridlle. El Sr. Stride siguió hablando del resta~lecimieuto del convenio de tráfico euro¡-eo, lo que fué un motivo de felicitación. La proporción asignada á las Empresas del Mexicano (Veracrnz) é Interoceánic'o fué la de 661.18, y el 34p8 restante se a~lica ~ las del Central y Nacional. El 66p8 asignado a las lineas de Veracruz se dividirá como sigue: 44p~ al Ferrocarril Mexicano (Veracruzj y 22pg al Interocán~co, reci~iendo éste u~a proporción algo mayor que be.JO el antiguo convenio, cuando era de 21 pg. En cuanto al 1tráfico americano, fué imposible fijar desde luego una base satisfactoria para la división de las .entradas, y porlo tanto se había decidido que todas las líneas transportaran los efectos de procedencia americana á tipos fijos, durante un a.fío; en vista. de los resultados alcanzados por este experimento se podría fijar la base definitiva. al fin del año. Agregó que se estaba gestionando con las demás empresas, una inteligencia común para obtener del gobierno la reforme. de los tipos de flete interiores, á fin de . compensarles por lo bajo de la plata. Era de creerse que tal proyecto no parecería bueno á loe remitentes mexicanos y en consecuencia el asunto era de los más ' , delicados; pero sin embargo esperaba que algo se ha.ria en ese sentido. Recordó á los accionistas que se hubía celebrado un arreglo con Don Delfín Sáncbez, contratista, por el cual la CompafiÍa aceptó el traspaso de la línea de Matamoros en pago de sus créditos contra dicho Sefior; y dijo que era digno de elogio el tacto con que el Sr. Lic. D. Pablo Martínez del Río, Representante jurídico de la CompafiÍa en México, había dirijido esta importante cuanto delicada transacción. El Sr. Stride concluyó diciendo que sería necesario dentro de poco hacer uso de su facultad de levantar más capltal para emprender mejoras, tales como más amplias facilidades en Veracruz y la. construcción de ,d , estaciones en Puebla. La.Asamblea se levanto espues de dar un voto de gracias al Gerente en Mé·ico, Sr. G. M. Stewart. Fueron reelectos los Vocales salientes: Sres. W. J . Stride, H. T. Hodgson, G. E. Paget Y Chandos S. Stanhope. Jhcion•l llexio•no.-El 1 ~ del corriente se celebró en L6ndres una Ae"mblea de los tenedores de certifi- cados "A" y "B" de este F errocarril, en la que se aprobó una resolución facultando á loe fideicomisarios de os miemos para que votaran por loe siguientes voca- Interoceanic.-W,üter J . Stride, who presided at tbe meeting of the shareholders of this road, held in London on 30th ult., made an address in which he congratulated the company tbat, in apite of the rata competition with other linee, tbe receipts for the year 1895,96 wer e only $114,000 lees tban in tbe preceding year, viz., $2,202,000 against $2,316,000. This satisfa.ctory r e• sult r eflectad grea.t credit on the management . The General Manager, Mr. G. M. Stewart, was following t be policy of improving and maintnining the ptlysical condition of the road. This policy had had the effect of preventing accidente and thus disarming hostile criticism on the part of the Press. Greater regularity in tbe running of trains had been introduced, so tbat an additional tonaage has been ca.rried with a saving in train mileage. Mr. Stride then wen,t on to s peak of the r enewal of the Europ ean pool which be described as a matter for congratulation. The proportion assigned to the Mexican (Vera.cruz) and Interoceanic linee was 66 per cent, while the remaining 34 per cent went to the Central and Na tional. The 66 per cent allotted to the Veracruz lines was to be divided upas follows: 44 per cent to the Mexican (Vera.cruz) railway and 22 per cent to the Interoceanic, thus giving the laUer a slie:htly better percentage than under the old pooling agreement, when ita proportion was 21 per cent. As for American traffic, it had been found impossible to reach immediately a satisfactory be.sis for pooliug. It had, tberefore, been decided to carry American traffic on all the linee at fi.xed re.tes for twelve montbs and t,he experience thus obtained would aff'ord a basis for a pool at the expiration of that time. Negotiatione were proceeding witb the other companies with a view of acting in concert to obtain from the Goverpment a re-adjustment of the ratee of domestic carriage to compensate the linee for the fa.U in silver. Such a project would no doubt be received with di...favor by Mexican shippere, which made the whole subject a ~ery delicate one. Still there were hopes tbat sometbing would be done in that direction. As the sbareholders were aware an agreement had been concluded with D on Delfin Sanchez, the contractor, by which the company accepted the Matamoros Izúcar line in settlement of ita claims against that l!entleman. ::.treat credit was due to the Company's legal atturney in Mexico, Lic. D. Pablo Martinez del Río, for tbe skill with which he bad consummated this important and delicate transaction. Mr. Stride concluded by saying tbat it would be necessary before long to use the power of issuing new capital for tbe purpose of improvements, suc11 as better terminal facilities at Vera.cruz and the erection of stations at Puebla, and the proceedings terminated with a vote of thanks to the Manager iu Mexico, Mr. G. M. Stewart. Messrs. W. ,T. Stride, H. T. Hodgeon, G. E. Paget and Chandos S. Stanhope, the retiring directora, were re-elected. Mexlcan Natlonal.-At a meeting of the A and B certifica.te holdec 1.1 tu• 11 x1 1an National, held on 1st inst in London, a motion was approved, authorizing the trustees in whose names the abares were held to vote for the following directora at the first ordinary 27_3 les en la prÓxiwa Asamblea General Ordinaria, á saber:. F. G. Banbury, W. H. Smithers, W. Brander, H. J. Ohinnery y J. Matheson Macdonald. También se aprobó el pago de la remuneración de .t5,000 al comité que representaba los intereses de los tenedores de bonos, por sus servicios hasta la fecha de la reorganización. El Sr. Raoul, Presidente de la Compañía, que asistió á L reunión, dijo algunas palabras, haciendo especial mención de las cordiales rela.ciones que existen entre el Gobierno y la Compañía.. general meetin¡1; of the company, viz., for Messrs. F . G. Banbury, W. H. Smitbers, W. Brander, H. J. Chinnery and J. M'l.thesoo Macdonald. A remuneration of .f'.5,000 to the committee who re• presentad the ioterests of the bondholders uotil th~ reconstruction of the company was aleo Vl)ted. President Raoul, who was present at the meeting, me.de a few remarks, d welling in particular on the cordial relations b~tween the Company and the Government. Privilegios Concedidos. Patents Oranted. Por 20 afios, contados desJe:e1:rn:de Noviembre de 1896, á Cassius Marion Carr, por mejoras en dientes postizos. No. 928. Por 20 añoP, contados desde el 19 de Noviembre de 1896, á Warren Cole, Jr., y James Crawford Wood'ward, por mejor~s en doseles de cama. No.929. Por 20 años, contados desdo el 19 de Noviembre de 1896, á Emil Paul Schoenfelder y Emil Kehle, por mejoras en papel para fotografías. No. 930. Por 20 años contados desde el 19 de Noviembre de 1896, al Lic. Leonardo F . Fortuño, por su aparato para la venta. de boletos en ferrocarriles urbanos. No. 931. For '20 years from November 19th, 1896, to Caesius Marion Carr for improvements in false teeth. No. 928. For 20 ye11rs from November 19th, 1896, to Warren Cole, jr., and James Crawford Woodward for improve~ mente in bed canopies. No. 929. For 20 years from November 19th, 1896, to Emil Pa.ul Schoeofelder and Emil Kehle for improvements in paper for taking pbotograpbic prints. No 930. For 20 yesrs from Noveruber 19th, 1896, to Lic. Leonardo F. F.ortuño for an appa.ra.tus for the sale oí tickets on street railways. No. 931. Sucesos de Ja Semana. Events of tbe Week. • .. LOCALES. LOCAL. Lünes 14 de Diciembre.-El Sr. Limantonr, Secretario de Hacienda, presenta al Con,¡reso los presupuestos del año fiscal entrante. Mártes 15 de Diciembre.-Clausura de las sesiones del Congreso. Monday, Dooember 14th.-Presentation to Congress by Finance Minister Limantour of tho Estima.tes for the commg fiscal year. Crónica Financiera. .. Tuesday, Deeember 15th.-.A.djournment of Congress. • ,! · •1 • Financia! Cbronicle. 111 H;l l\lerca.do de· Plata Paata,-Tbe Bar Sllver Market. D1cietríllre.-December.. .............. ............ ............ Londres, onza.sta.nda.rd.-Lo11don,standard uz.. Nueva York, onza fina.-New York, fine oz....... • 12 ,. El principal suceso :financiero de la semana fué la presentación al Congreso por el Sr. Limantour de los presupuestos del año fiscal entrante. E~ informe que los acompafiademuestrA condiciones más prósperas aün de las que se habfan esperado, pero la condenación por el Ministro, de la prodi , alidad, y su declaración de que el Gobierno la rehuirá, fortalecerlí la confianza en México, que ya se siente en el extranjero. El mercado monetario local si,,ue siendo algo flojo, pero el comercio al menudeo ha sido activo con motivo de las fiestas. En los círculos comerciales y financieros se notó con gusto la firmeza con que se mantuvo el tirecio de la plata. Impuestos t-obre S ueldos de Kmpleados.- El 12 del.corriente fué pro'mnlvado el decreto que suprime este impuesto A contar desde el 1 C! ae Enero de 1897. Dicho impuesto era de 3 centavos por cada cinco pesos sobre 1as sueldos de $50 mensua:les para arriba. En la misma fecba se dejarA de cobrar el impuesto sobre l os sueldos de empleados p1íblicos, habiéndose promul.:ado el decreto correspondiente el día 16. Estos impuestos se han abolido por ser ya innecesarios, atento el próspero estado del Erario. Productos- de los ll'errocarrlles,- Lo,., productos en bruto del Ferrocarril Mexicano ( de V,iracruz) durante la semana 50 '!' del afio en curso, ascendieron A $70.973 56 contra $60,6<'0·57 en el periodo correspond iente de 1895. Los productos del Central Mexicano en todas sus lf ,eas, du- 14 15 16 17 30<.i. 30 d . 30d. 65l c. 65( c. 65~ c. 30 d. 65½ c. * • 18 29i d. 65! c. ..-~ ·. ,1~·1( .... • The financia! event of the week has been the presentation to Congress by Minister Limantour of the Estimates for the coming fiscal year. The accompanyinl? statementr eveals conditions even more prosperous than bad been imagined, while the Minister's warning against extravagance, and his déclaration of the Government's intention to avoid it, will stl'0n~ tben the co:ri:fideoce felt in Mexico abroad. The local money market continuas somewhat dull, but the holiday retail tradehas been brisk. Tbe firmness ofsilver during the week was noted in commercial and banking circles with satisfaction. Tax on the Sabries of Kmptoyes.-..The decree abolisb~g this tax, from January 1st, 1897, was promulgated on 12th inst. The tax in question wa¡¡ 3Q. for every $5 on salaries amounting to $5º per month or more. On the same date the tax on tbe salaries ofpublic employees ceases to be collected. The d ecree to thateffect was promulgated on 16th inst. These taxes are abolished fo1· t!lc reason tbat the prosperous condition of the Tr~asury renders them nnnecessary. Bauw ..y Earnlugs-1'ht'1 111·M~ receipts of the Mexican (Verse, oz) Re.ilway during the 50th week ofthe corrent year amounted to $70,973·56 "gáio~t iti(),680·57 in the correspondíng peri od o f l895. Th.,. spproxilnate earning-s of the :Mexfüau Central, whole �~L FINANCIERO MEXICANO EL FINANCIERO MEXICANO -r ante la seeunda semana de Diciembre de 1896, fueron $223,221 oontra $215,593 en el perfodo correspondiente de 1895. Los productos en bruto del ll'. C. :\acional Mexic>ano en la primera semana de Diciembre de 1896, fueron $108,863·1/n contra $82,750 o:; en ieual semana del aflo pasado. Los productos aproximados del Interocel'lnlco en la semana que terminó el 12 de Dicif'mbre fueron de $48,055·51 contra -$39,618·48 en igual semana del aflo pasado. system, for tbe 2nd quarter ot December, 1896, were '223,221 against $215,593 for the correspor.ding period of 1895. The groes earnines oftbe Mexican National for tbe 1st quarter of December, 1896, were $108,863 2n qainst $82,760·05 for tbe same week l11<1t year. Tbe grol!s receipts oftbe Interoceanic for the \Veek endlng December 12th were $48,055·51 against $39,618·48 for the corresponding week last year. COTIZACIONES DE ACCIONES DE MINAS. Nnm. IJI BALANCE DE LOS BANCOS EN NfWIBMBRE 30 DE 1896.- BANK BALANCES, NOVEMBER 30th, 1896. 2n()(' 15000 1500 $ 10 $ ......... 10 1 00 50 ········· ESTADO DE DURANGO. Banco Minero de Chlhuahua.-Chlhuahua Mlnlng Bank. ~67,902 :t6 l.745, 780 88 1.600.78! 2i S 3.914,i67 48 PM'ivo.-L'iof>itities. Purísima Concepción, Indé nominal•... Barradon y Cabras, Guanacevr.............. . •Trigueros, Guanaceví............................ . Predilicta y anexas Gua.nacevi. ............ . Rosario y anexas, Guanaceví-ord ....... . Idem,-privilegiadas-preferred ........... . Restauradora, Guanaceví ....................... ..Sirena, Guanacevf................................... • •· Capital: cantidad exhibida.-capital. .............. ........ ... ... .............. ................... .. ..... ......... ............. ................ .. . $ u;oo,ooo oo Billetes en circulacion.- Clroulation ....................................................... .................... . . . ................ . . .... ...... ... . . 1.125,SU 25 Cuentas corrientes acreedoras -Accounts Current. creditor .............. ... . ...................... .. ..... ...... ........ .... .... ; . . .. . . . . . . . .. 1.osq,5,s 2S Fondo de reserva.~Reserve Fund...... .. . . . .. .. .. ... . . .. . . .. .. . . . . .. . . .. . . .. . . . . ... . . .. .. .. . ... . . ....... . .... . ..... . ....... .. . . . .. . . .. .. . .. ... . . 250,000 09 ,5 Sefiores y Pozos.-av.-pay.............. . Idem, Idem.-aviada-free................... . Angustias idem.-aviadora-payable.... . ·Co. NI. Min., Pozos, pref..$25 pag, pd... ., ,, .. ., liberada.,;i.-free ... . E l Oro, 1 .izos.-liberada.-free...... ...... . .. Pref.... ............................. Ocampo, Pozos...................................... . Nona y Demasias, Pozos........................ Olvidada, Pozos...................................... San Ignacio, Pozos................................. San Rafael del Oro, Pozos............ , ......... Triangulo, Pozos .................................... Trinidad,-av iador.-assessable............. Idem,-aviado-free.....,.......................... Tres Marías y Anexas, Pozos, aviador..: Idem,-aviado-free................................ Zona Minera de Pozos........................... Banco de Nuevo Leon.-Bank of Nuevo Leon. .Activo.- .A.88ets. 38!.424 2T n.ooo oo 177,663 96 162,HS 21 899,743 06 238,521 25 S 1.~.100 74. PM'ivo. -L'iabilitie:J. Capital social exhibldo.-Capltal: Shares lssued ....... • . ......................... ......... .... ... ... ......... ... .. ................ . ...........$ ·cuentas acreedoras.-Accounts current. credlt\)r .. ... ................. . .... .............................................. . ................... . Billetes en clrculA.cion: Central y Dependenclas.-Clrculo.t!on . . . ...................................... .. . ........ . .......... . . . : . . .. ...... .. Deposltos y cuent.as corrientes disponibles a la vista.-Deposits ...... .... ............................................. . ... . . ................ . Fondo de Reserva.- Re•erve fun~ ......................... ..... .................. . ................ . ............... .... .. ................. ...... . Fondo de Prevlslon.- Precautlona.ry Fund ...... ....................... ... . ............. .......... ..... .. ... .... . .............................. . Fondo espeelal de Prevision.-Speclal precautionary fund... ............ .. . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . .. . . . . . . . . . . . . 600,000 00 101,193 1.019.519 1U,f88 9.98! 29,000 19,5H 89 00 81 70 00 3' ·Calvario, ~:o:x:tepec,-comunes-pay.... .. ., - liberadas-free..... . Activo.- Assets. Existencia. en efectlvo.-c&sb .... ................... .. .... . ...... ...... ...................... ....... ....... ........... ..........................$ 981 ,568 11 Monto de los valores en cartera.-Notes Discounted. .............................. .......... . ..................... . ..................... .. . 1.03l &89 09 Se.Idos de lae cuentas corrientes deudoras.-Balances of Accounts current:"Debtor ............................ . ..... . ......... . .......... . 479,US 74, 700,000 00 H0,186 93 98',8615 00 2uoo oa $ 2.49R,560 9~ Banco Yucateco.-BaD.k of Yuca.tan. Activo. 717,015 80 1,6'2.147 U 270,978 86 28 500 00 • • .. 2.658,641 711 Pasivo. Oap!tal exhlbido.--Oapltal p11.ld-up.... ... .. .. ... . . ... ......... . .. ........................... ....... . ...... ... .. ............... ...... ...... ......$ Emlslon: bil14'tes en clrculacion. Olrculation ....... ................................................ . ........................................ . Fondo de reserva.-Reserve fund.. .. . . . . .. . . . ... . . . . ... . .. . . . . . . . . . .. . . .. . . . . . . . . . . .. . . . . . . . . ............ ............. ... . ... ...... ...... . Fondo de prevlsion.-Preca.utionary Fund ........ ...................... ............................ . ...... . ........................ .......... . Deposito judiclal.- Judlcial Deposite ........................................ ........... .. ....... ...... .... .................... .... ............ . cuentas corrlentes.-Accounts current, credltor..... ........... .. . .................................. .... ...... ....... . .. ..................... . 1.000.000 00 1.0, 9,881 00 30,694 72,000 ll,271 5fli,79i 95 00 7J Oll ~ 50 2400 50 10000 60 2400 100 3 00 2000 400 2400 4000 2000 500 2000 2400 2400 2400 2500 8000 2400 2000 400 2400 82n 800 400 5 10 80 80 40 2000 ,400 • • Sltares. S. Cayetano Maravillas y anexas-aviador paya.ble...... .................................... S. Cayetano Maravillas,-aviado-free....... Sta. Gertrudis y a nexas-aviador-pay. ..... Sta. Gertrudis,-aviada-free. ................... S. Rafael y anexas (Trompillo),-aviador -paya.ble.............. ........ .............. .. .. . .... .. S. Rafael,-aviado-free . ........................... Soledad,-aviado-free............................... Sorpresa,-aviado-free.............................. Sto. Nl!lo, S. Pascual y Zaragoza,-aviadoras-pay............................................... Idem, idem, idem,-aviadas-free ...... ...... Zaragoza,-aviado-free ............................ Zorra,-aviador-payable .......................... Zorra,-aviador-free .. ......................•....... 1600 10 320 Z8800 9600 10 1200 12nO 960 960 1500 1000 1100 1800 600 35 10 860 400 400 260 1(1 10 16 15 15 ESTADO DE MIOHOAOAN. Luz de Borda,-aviadora-payable...... .-..... 30(M) Luz de Borda,-avi9'da-free.................... J('OO Sta, Rosa y anexaa,-viada-free. ........... 1000 50 !l5 6 ESTADO DE MEXICO. 2 50 5 10 40 110 60 60 18 15 30 20 20 ESTADO DB Hl'.DA.LGO. Banco Mercantil !'le Yucatan,-Mercantlle Ba.nk of Yuca.tan. .()aja: existencia en efectlvo.-C•sh , ........... . ......... . . ............. ................ ................................ ........... ... . ... ...$ Valores en ca.rteril.-Notes discounted... .......................................... ..... . ..... .. ........ ...... . .... . . .......... ..... ...... ..... . Cuentas corripntes deudoras,-Accounts current. debtor................... . .... ........................................................ ..... . ·1nmuebles.- Real estate ..... . ..... . ........... . .. . .... .......... . ............. . . ..... . .... .. .... ..... ................................... ...... . 2400 120 260 15 130 ESTADO DE GUERRERO. S 1,904,100 7' Pasivo.-L'iabilities. -<Japita.l: acclcnes emitidas.-c&pital.. . . . . . . . . . . . . . . . . . . .. . . . . . . . . .. . . . .. . . . . . . .. . . .... .................. . .. ..... ................... ..... ... ...$ Saldo de las cuentas corrientes aereedoras,-Ba.lances of á ccounts Current. Credltor ..... . ...... . . ....... ... ............. .............. . . . J3illetes en circulacion. - Ciroulat!on . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . .. . . . .. . . . . . . . . . .. .. .. . . .. . . . . .. . . . . . . . .. .. .......... . Fondo de·rPRarva.- Reserve .. . . .. .. . . .. . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . .. . . .. . . . . . . . . .. . .. .. . . . .. . . . . . .. . . . . . . . . .. . . ... ....... . 2600 2400 2400 ESTADO DE GUANAJlJATO. $ 3.9H,467 4.8 Existencia en efectivo: Central y Dependenclas.-Casb .. . ........... ........... ... ......... .. .... ....... .................................... $ Tomueble.-Ileal este.te ... ... ............................. . ..................................... .. ....... ....... ...... .......... .. . .............. . Propiedades del B!'oco.-ProPE.'lrtY........... ... ... . .................•....•........... .. .'....................................................... . -Ouentas deudoras.-Acrounts curreot. debtor ... . ............................ . ........... .. ...... ... ... ... . ..... . ............................. . Existencia en cartera.-Notes di~count d .. . .......... . ...................................................... . .............................. .. . . Prestamos sobre prendas.-Loans on Colle.terai................................................... . ... . ........................ ... . .. ..... :.... . NUJ11. de A.calones. Pret!,•, l!ñf•lelft¡ No. of Val-. ~ . Sltare.. ·C arrizo................................................... . <::erro Colorado, Batopilas.................... . Gloria, Ba.topilae................................ .. Existencia en metalico: Oficina Central y sucursale•.-cash ..... ..... . ......... . . ........ ........... .......................... . . .... . . .. ......$ Existencia en cartera.-Notes dlsoounted .................................. . . ............. . .. . ............ . .................................... . ·Cuentas corrientes deudoras.-Accounts current, debtor........, ........................ . ............... ...... .... .. ... ... .......... .. ... . .. QUOTATIONS OF MINING STOCK. A.calones Precios. Exhlbielon, No. of Values. A.esessmentl · ESTADO DE CRIHUAltUA. 175 .Andres Tello, la.. Serie........................... 30 Idem Idem 2a. Serie................. .......... 2n Amistad y Concordia,-aviada- free..... . 8600 26 Alianza, Pachuca......•............................. 12000 8 Arévalo y an., aviadora, pay. 1-48........ . 220 Idem,-aviada-free............................... . barra 8000 La Blanca,- aviadora- payable.............. 1536 350 Idem,-aviada- tree................................ 768 300 Buena Esperanza.................................J. 2400 10 ·Camelia,-aviada- free........................... narra 10000 <Jarmen,-viada-free........ .... .. . ....... . 1100 350 ·Cia. Real del Monte,-aviadora-pay..2554 1050 Dinamita y Anexas,-aviad~ra-pay ..... 1800 60 l. Dinamita y anexas,-aviado-free ....... . llOO 30 Guadalupe Hidalgo,-aviadora-pa.y •... 1480 130 Guadalupe Hidalgo, aviada- free........... 480 80 •Guadalupe Fresnillo y anexas y liacien• dade la Purísima Gaande......... ... .. l0barras 25000........ . Guadalupe Fresnillo,-aviadora-vav... 2 1,arras 20000 Guadalupe Fresnillo,-aviada-fre.... .. l2harras WOOO Iturbide,-xiada- free................ ....... 1100 15 Luz de Maravillas.-aviada- frec. ...... .. 1100 120 Maravillas y anexas,-aviador- pay..... 1680 550 Maravillas y S. Eugenio,- aviada-free 1000 150 Palma Y anexas,-aviador-payable...... 1800 20 Palma,- aviada- free............. .............. 600 15 Pabeillón,-aviada-free..................... ..... 100 180 Refugio,-aviada-free......... .................. 12.800 8 St a. Ana aviador. ................... ................ 1800 600 8 \\nta Ana,-aviado-free. ....................... 600 4U0 .san Buena.entura,-aviado-free ............ . 1000 20 S Cayelanc E l Bordo,-aviador-pay. ...... 1860 150 S. í;ayetJ.no El Bordo,-aviado-free. . ...... 560 60 Esperanza y anexas................................. . Coronas Mining Co ................................... 500 Magdalena, Temascaltepec........................ 2400 Quebradillas, Temascaltepec ..................... barra Los Estradas, idem,-aviador-pay.. ......... 2400 Idem, idem,-aviado-free ........................ 600 460 175 50 16000 6 6 ESTADO DE PUEBLA. Amistad de Tepeyahualco,-preferentespreferred-nominal ............................... . Idem,-liberadas-free ............................. . Tlauzingo ................................................. . La Providencia,-aviador-payable.......... . Idem,-aviado-f"ree.................................. . 750 1660 2400 1200 100 80 30 1200 25 25 Concepción y anexas, Catorce................... 2700 Sta. Maña de la. Paz, Matehuala. .............. . 2400 Santa F é, Idem ......................................... . 2400 480 40 EST-A DO DE SAN LUIS POTOSI. 180 ESTADO DE VERAORUZ, Zomelahuacan, (oro-gold) liberadas, nominal-free............................................. 5000 100 ESTADO DE ZAOATECAB. Cabezon y anexas, Ojo Caliente................. 2400 Cerro de San Andrés, Zacatecas . .............. barra Candelaria, Chalchuihuites...... ..... ............ 1600 flan Juan, Calcbihuites.............................. 1600 San Aparicio, Ojo Caliente........................ 2400 Soledad, Sombrerete. ................................. 2400 Candelaria de Pinos................................... 2500 A,sturiana _y anexas........ ............................ 2500 Luz de Mioillas....................... :.................. 2500 Pudsima de los Compadres...................... 2400 Porvenir Minillas ... .. ................................ 2400 "l,uebradilla y anexas.......................... ....... 3000 La Palma, Sombrerete.............................. 2400 Argentina y anexas................................... 2500 Victoria y an exas....... ................................ 2500 30 4000 60 20 80 10 to 320 10 10 100 4() 160 15 lli DIVERSos.-MISCELLANEOUS. Ca.~tellana y San Ramón, Tepic ................. Cuautbemoc y anexas, Jal., n ominal ......... Luz y anexBR, Nuevo León.. .................... Nueva Parren.a, Nuevo Leon•................... 2448 1000 2400 2400 100 Bartolomé de Medina, Pacbuca ........•....... 2000 Cia. M ex. Ben. Hda, S. José, S. Luis dela Paz, 100 pe~os pagados. ........................... 2500 Guadalupe, Pachuca. . ................................ 10,000 Union, Idem .......................... ,.................. 2000 San Francisco, Pacbuca ............................ 6000 Compaflfa Beneficiadora de Pozos............ 1500 Hacieuda de S. Pedro Chalchibuites......... 1000 La Luz, P1tchuca ....................................... 3750 Co. Benficladora de Tlanzin~o... . ....... ....... 1200 160 100 25 25 HACIENDAS DE BENEFICIO. 80 200 300 280 80 80 240 100 76 �El Financiero Mexicano. EL .ltINANClERO MEXICANO 276 DIVIDENDOS DECRETADOS-DECLARED DIVIDENDS. Fll<lha de Oobro. Date ~ya.ble. -¡¡-F.oero 1897~ 1.c- E "ero 1897. 15 N <W ' . 1896. 31 Dhr , . 1896. 16 Dbre 1896 26 Novb. ill'J6. 8 Oct. 1896. 2B Nc,vb. 1896. 16 ~IHYO 1896. 19 Novb. 1896 19 Nov. 1896 24 Dbre. 1896. 8 " et. 1896 15 Eni,rol•97. 1.0 Db e 1896. 1 o Dbre. ,s~. Numero del Dividendo. Nombre de la. Negocia.cion. No. of Dividend. Name of Company. 41 A-At'llrlana .. .... . -::-. .................. ~.. . . 45 Olnco Senores.... . . . . . . . . . . . . . . . . . . .... . 1-<ona y nem>1sl•s ....................... . •7 Predilecta y anex~s .................... . Ueal del Monte. Companla de ... .. ..... . 207 f 208 294 Sta. GertrudlR y anexas. aviador ...... . !Ita. GertrudlR y anexas. aviado ....... o9 trlmestrt> 166 Gua(h\lnpe Hacienda...... ............. . 1 15 Uniou (Hda). ........................... . 16 R.rn Francisco. Hacienda................ . 1 Baut a na Pachuca .......... •. •··•· ... •I Santa Maria d" ¡,. Paz .........•......... 18 ss trimestre. Amisbld y Concordia .................... 31 AniruRttas .. . . . . . ....... . ............ . Coron»s Mlning Co............. . . ..... . 1 Esperanza y A.xexa.s. . . . .. . . . . . . . ...... . ' 1 The Mexican Financier Cantidad. Oficina de Pago. Amount. Where Paid. 10 oo Banco Nacional 20 oo Truebn. Herm ,,,os. San A.a'ustln T 3 00 Banco Na.el• •na!. 3 oo -<ttot.. Do,1,in"o y Taeuba. 20 00 San Bernardo No. n . o 50 Banco de LondreR o 23 ldem 2 oo M. Algar!\. Canoa . 8 00 Calle del Esplritu Santo num. 2. s oo 13 ,no<> e LoLdr~s. 10 oo Banco ñ.- Looilres, 10 oo Banco de Londres. o 70 l em. 10 001 Banco Nae<lonal s oo 1., de !'an Fra.nclsco H 5 Ou Cad,nA 6. and Scientific, Industrial and Agricultural Journal. - - - - - ---- Vol.XXIX. • CAMBIO a; S OB R E E L INTERIOR---INTE RIOR EXCHANG Pavel. Dinero. Hecho. Bid. Done. Acapulco ...... . - - -par D 3 p. c. Aguaseallentes. par .. 2 .. • Campeche.... . " 4 " Celaya . . .. . . . . . . 2 .• Chi huahua. . . . . P ¼ J;>ar " Chilp1rncingo. .. par D s " . par ..." • .. " .. . .. eo l1m11-..... 2 ú uPr1Juvaca . ... Duru.ngo... . . . . ,., par ·' 3 :: Guadalajara.... ,. p. c. " 2 Guaoa¡ua · to .... par" .c. .. 1 ".. 1 8 0 Pvar" 1¾·· Asked. »·ar .. ~:t~~.~::::·.:: Papel. Dinero. Hecho Papel. 1. Dinero Hecho. Ask.ed. _ Bid_. _ Done. Ask.ed. -=Bc:::ld::.:._¡....:D:::.o:c:n::.:e:.:c·Queretaro . . . . . . . . 1 Leon ...... ..... . par p 1¾ P;,c· S"altillo............ 1¾ l\Iatamoros . . .. . ··•• l .. ~¾ " Mazatlan ...... . ~ Merida..... . ... . : ~ .. 3 .. Tabasco.......... s Monterrey ..... . par" 1¾ • 'l'ampico...... .. . . par 2 111orelia ........ . par" 3¾ " par 2 Nogales ........ . 1 T(lhuantepec... . . par" 2 ·• Tepic . . . . . . . . . . . . . 1 p. c. , Nuevo Laredo .. ar .. 2 •• T olu<>a.......... .. par 2 Ooxaca ........ . Par" 1¾ " Tuxnam . ... . . . .. . par 2 Orizaba .. . .. . ... p 1 1¾ .. Vemcruz ..... . .... p ¾ par >< Pachuca ....... . par .. 1 :: Vlllla Lerdo...... D 2 Parral.. . . . ..... . . ... .. 4 Zacatecas ......... p 1 · ·• · D 1 Paso Del Norte. par .. 1 :: Puebla. . ....... . par·· ¾ t~ ?~t:Ol!ióst:: par par I BONOS Y ACCIONES DE FERROCARRIL.---RAILW AY BONDS AND SHARE S . Ferrocarril lnteroceanlco.-'7 8 B . .. .. . . . ..................... . Jpteroces nleo 68 Prior Líen B" nd~. ......................... . 6" Nacional ~exlcano. bOn(?B de p_rl. HC mera lupoteca.-iMex.ican Na.tlonal. flrst mor, ga¡e) 68 ..... . 77-79 Segunda hipoteca, 68 c!Ase ..A", 34-36 -(Seeond mortgage. class ..A") 68 . . ....... ·············· ...... . 21 22-2t 99-101. 106-108 Segunda h iPoteca. 68 clase ..B" - tSeeond mortgage. cla6s ..B"l 68... . .. ..... .. ... . . ..... .... ..... 9-11 Otras Acciones.-Otb er 8ha.res_ Compania Telefonlca M¡,xicana. accioneF.-/Mexlcan Teleph one eo. sharesl.. . ..... .. . . . . .. . . . . . . SO 66 Compania Teiegraflca Mexicana. ~~.i~i~;\~~~~ ~~~~~.~~~.~ Total... ..............tll,298.348 i• ..€8,7&1,883 Great Britaio sends h ere 60 p er cent. of the Importad c ott.on aoods aod abo ut 30 per cent . of the a nd eteel, malnly in ibe rorm of rail way material. Coneul l'lrRDEN. lntends wrlting another report deallng wltb t be cotton industry bere, whlch, he eays, cannot but bave a s erious siRDi fic ance for B rltlsh trade. Thia le, he mlg bt explain , one reRolt of the eocourag emeut o f home induetry by E urope's fatal policy of sllver demonetlza- 190 Redactor Responsa.ble, LOUIS C. ·s1MONDS, THE MEXICAN FINANCIER EL FINANCIERO MEXICANO • ;€6,(»3,790 Total................. H,248.009 EXPO RTS. OOUNTRY. 1895. 1894. Great B rltain ......... ;1:1.640.714 ~ 1,838,669 United States......... 8,682,879 6,608,897 Franca .................... 307,('84 275,810 Germaoy.........•....-. 833,035 271,454 Spaln....... ........ ...... · 82,589 87.504 Other coontries...... 252,047 184,049 ~1:!fcaoo· f!'errooarril Mexicano, primera preferencln.-(Mexican railw»Y. flrst pref. ex) Ordinarias (Ordinary Ex.).. . ........... . Oentrnl Mexicano. t8.-<Mexlcan Centrn l. 4 per cent.)..... . . .... ....... .... . Acrioncs (stock) papel (asked) ... . ..... . Ferro<>urr il lnterocesnico, •'3 debent nrP>:1 ....... ....... . ... .. . . . . ....... . J'errocnrrll Interoceanico. 18 A F,-n, e 1ril ln1eroceau1co. 7 p8 pre· rerence Bhar- ,, ..... . ............. .. ... . OBNBl¡AL FORBION OFFICBS: 3S Wall Street, New York. 18 St. Helen's Place, Londou, B. C. MEXIOAN FOREIGN TRA.DE, CALENDAR YEAR 1895. IMPORTB. CC>UNTRY. 1895. 1894. ;tl,226 096 Gr eat Britain .........;tl ,378,215 United Sta tes ......... 3,243,500 2,693,751 F ranca ................... I .194.8Z7 89~.156 Germany................ 776.958 569,353 Spain...................... 396.564 404,010 Other count rle!!...... 257.943 257.424 Acciones del Banco de Londres y • Bonos plata Deuda Interior A.lllexico.-Shar<'s of Bank of mortiz. al 58 Lond.-(58 "11 ver London and Mexico ($100 pagabonds ~nt. Hed. Debt Lol)d.) . . dos-paid $100) . . ................ suo Em¡restit-(o Munjclpal 1t1,ex.i!)l\no óu L100. Sight. DeSfluent-0 de llancos.-(Bank 5 _ oro MexJ~n .,.uruc,pa.1 S!xty Da.ya. o,scount).... ..... .. . .. .. ... ... .. &-7 p. o. Loan l5 o c. ~ Ideo···· ···:a·. d.. . Dinero Pn cuenta corriente.Bonos de la Deuda nsoh a a. 2~ ,¾1 Money oo current acoountl... . Londr es (LondonJ.. .. . .... . 25¼ 6-7 p. c. Interior. 3p. c. cot eCon Lon.dres. 6 Pltr11" IPKri~l ................. . ·~o¼ DeRcuento del Bank of England. , p. c. plat~-Bonds ofthe n"ohdat972-1, • - - - - - - - - - - - - - - - - - Nu~Vll York (New York ).... . e~ Debt. Interior, paynbl(I In Alemnula (Germany)....... . 55 • p. e Fondos Publicos.- Public Funda. s1lver. s v.c. London. Q.u_o_ta_u_o_n_ __25_ _ Espana (~paln) ...... . ..... . . . 88 p . c. Bonos deuda consol. 3 p. <'. Jun . Elubana (Ha vana) . . ........ . . Plata en barras en Londres.22, 1886 plata.-(Bonds consol, (Silver bars in London)....... d. debt. Juo. 22, 1885) sllver. 3 p . c. tlH9 Plata Pn barras en Nueva York. A.cciones del Banco Nacioua.l.-National Bank Sha.rea. Deutfa Interior AmQrtiza.ble 58. -(Sih·er bars io New York , • •• • plut>I.- Unterlor Redeemable Pesos Mexic,inos en LondreR.' bt 58 l 1 78 ( \fexican dollars in Loodonl .. t<:11 Mexlco. pesos.- !In Mexlco dollars) .. .S 105 de .6. ·p g I Pesos Mexicanos en Nueva York. En Pnrls. francos.- (Jn Parls,lfrancs).. ... . . . 582¾ E~~restito or<>. Londres.-(Mexlcan 6 par 1 -!Mexican dollars In New 1<,11 Londi-es. llbras.-Un J:jondon. pounds) .... . t 10¾ 51 cent loan> irolñ. London . .... . . 95 York• ....... .. ................. c. ,._ .. , ,.,,,..,¡l OFFICB AND BDIORIAL ROOMS: BRITISH CoNSUL ÜARDEN 'S report on tbe foreign com meroe or thls country i• very signiftcant and it bears out a.U T HK FniANCIER has said regard ing the astoniRhlng exp anston of trade a nd industry here. The net r esult of Mr. CARDEN'B observations, stated in pounds sterling, Is as follows: COTIZACIONES, ETC., V I ERNES, P . M.--QUOTATIONS, ETC., FR I DAY , P. M. tion. DECEMBEK 19, 1896.---WHOLE NUMBER 742. DICIEMBRE 19 DE 1896.•·•NlJlllERO CORRIDO 742. ANOTHER R.o\lLWAY. Scientific and Agricultural Newspaper Pílracxtico Mercantil, Cientilicoy de Asuntos Agricolas. A Business, ...-Published every Saturdayin the City of:Mexico-a. .e-Se publica to<1os los Sabe.dos en la Ciudad de Mexico."'Q A>ESPACS:0, 17 Coliseo Viejo.- -Aparta.do del Correo 519. DESPACHO EN NUEVA YORK, 3 & Wall Street, Subs cricion al ano,'P AOO ADEL.L=ADO.-FRANCO DE POBTJ!:. R ep'liblica de Méxioo.$6 00 1Estados Unidos....... ..... $ 4 00 oro. Gran Bretatla..............€1 00s Otr os países extranieros.;tl 00" " AQENTE GENERAL EN EL EXTBANJEBO! COL. H. McCOY, 35 Wall Sl, Nueva York. L, M, THUD1CUM, 18 St. Helen's Place, Londres, E. C. PAVL JIUDSOJr, Administrador, Ciudad de lll[esico. Suplicamos 1\ los su scr itores q u e n os a.viseo ;o med iatamente cualquier Jal ta en el recibo del pe riódi co l o mis!])O Q'l e todo cambio.de domicilio. . Los suscritorea del interior pueden hacerno~ p11gos 011 t1m '>i-01! .ie rorreo 6 en giros sobre blLrlqueros y comerc1ante8 d (I esta ~ pUal. 'Ihe Me:dcan l!outheaatern. OFFICES1 17 Coliseo Viejo.--Po11t Office Box 519. OFFICE IN N EW YORK, ?"' Wa.11 Stre et. R Bubscription per Annum IN ADVANCE.-POSVAO:S: Fmra. blic of Mexico .....$6 00 / Uoit'ld St~tes. ..........•:··· $-l 00 g~~d B ritiao........... .él OOS Oth1,r Fore1gn Countnes.;tl 008 GENERAL FOREIGN AGENT: COL H. McCOY, 35 Wall Sl, New YorK. L. M. THUDICUM, 18 Sl Helen's Place, Londres, E. C. G:E~ p,&111, :e:UDS011', Business Ma.nager CitJ' of Kesico. Subscriber s w ill kiudly uotify us pr om ptly of failure to receive the paper and also of cha nge of ~d dress. . Paym ents b y s ubsc1ibers in the inter1or may be made m Petoaaie Stamp s or drllfl.s on b ank11r11 aod mer obaoll1 of thl• Capital. • No. 14. Herald Building, Calle del Collseo , lejo No. 17, Post Offlce Box, 519. Me:dco's Porefgn Trade. le... CAMBIOS.-EXCHANGE. Mexico, December 19, 1896. The conceeeiou or c barter fo r thie rallroad, obtalned by Mr. W. T. E. Prilchard for the oompaoy, finally p asead congresa, Konday and the decree approving tt was duly sent to the proper departm..nt for publloatlon in tbe Di.ario 01kiat, Tbe road sarta from San Gerooimo, on the Isthmus of Te1luantepec rallroad, and thenoe ru n" to t be frontier of G uatemala, touching at Tapachula, tbe great ooffee distrlc t, a.nd at 'l'onala, aod runa parallel wltb tbe coast. tollowloit the foothillfl tbat epur off from tbe Sierra Madre. The leogth of tble Une -.lll be about 42il kllome1en, aod the branc b Crom Tonala, over &be Sierra Madre, to Tuxtla Gutierrez, Is about 200 kHometel'II more, makinr a total ofllal liilometera, equal io say 395 mnea: T he r oad Is to b e standar d ga nge, and carrieR a subsidy or '6,000 per k ilometer for the coast line, aod $8.000 per k ilometer for the branch to the interior. The form er mu~t be completad withi n three y ears, and l atter ~ i thln the n ext followio g three years. Constrnct ion 1must commence immediately. The company is lncorporated under th e laws of New Mexico aod the h ead offlce is in Ch lcago. T he gu aran tee deposlt or $50,000 In thr ee per c en t bonds was m ade on th e 30th of June wheu Mr. Pritcbard sig oed the concession. It is beyond q u estion t hat Mr. Pritcbard has obtalned a v ery valnable charter. and bRs been a most efflcient r epresentative of bis oompany with the government; no on e coul d have don e better than he has. At a ge neral meetinll of tbe stockholders of the Mexlcan Sontbeastern rallroad, beld in Cbicago on F ebrua1·y 14th last, tbe followintt officers were elected for tbe year: R rober t P . P o r• ter, ofCleveland, Ohio, president; Samuel W . Allerton, of Chica.1to, t r easurer ; J o bn D. McLean, of C levelaod, O blo, firstvlc~ president; W. T. E , Pritobard oftblsclty, seoood vioe-pre,ildent ao d repre~enta.tive for tbe company before tbe Mex u, n ¡overn me nt; Detwiler and Bary, of Cblca.20, general cou n sel. Slnce t~a t dBte M r. Detwller bas resigned, leavlug Charles Bary as gen er al oou nsel. For the preseot, the g eneral offlces of the compa oy w ill be located a t 79, Dearboro s treet, R oom 510, Cbicago, Ill. Mexican Oraoges. Tbe indlcations are that Mexlco Is de•tined to become a formidable com1>0tltor wlth Ca.111'-•rnla, Florida and ltaly in the prodnctlon of orangee. Oo th ls subject the Jacksoovllle (Fla.) Tim es Union tays. "The temporary loas by Florld11, of her promlnence as a produc er, is the Rolden oppor tunlty to Jamaica. and Mexlco to acquire prestlge In the orange market. Prevlous ly thei r unfavo rable methods in handling frult had o perated agatn11t them and k ep t them In tbe ba ckground. But they are beoomio¡ educated, largely t b rou gb tbe elforts ot American dealers in ' or&nRes, aod by tbe ti m e the Florida oran ge grow ers can again make a ttood showlng In the market tbey may expe ct to ftnd other strODI!' comp e tltors el eew here tban lo California and the Medlterranean rellion. · "Me xlco and Jamaica,• and the otber countriessouth ofus tbat are washed by tbe Golf of Mexlco, have a great advantaite In i mmonity f rom froet, a od in most of them tbere exlst condltiona favorable to the prodnct lon of super ior o rang es at low oost , And w ha t may n o w be lacklng in quallty may d oubtless be s upplled by buddlng to better Ya r letiee and by better culture. "Tbe Me x icana oow bave e:ood facilities for ablppinit tbeir producte by rail t o the U nlted S tates. Lsnde a.nd labor are cbea p t h ere, ~nd witb onr low tarlft' oo orangea, they c an afford to g row oran11es for tbe American msrket for l •ss than w ould pay t be orange growen of California and Florida any protlt. Tb6 plantinll' r¡f orangee In Me:xlco bss been greatly stlmulated, and tbe product 1"'ill be largely inoreaeed wltbin a few years. California papen e:xpress alarm at tbe próspeot of euc h formidable competltlon." �278 THE MEXIOAN FINANOIER lo Europe. S1NCE Russia, by her sagacious diplomacy, has made berself the head of tbe now-restored European concert, her every move is watcbed with orofound interest by all tbe Cabinets of tbe C ·ntinent, and in .1!1ngland as well, It seems to be plain that tbe policy of the late Czar stlll rules at St. Peters burg. Tbe yonng NICHoLAs is as intent on peace as was his father. The interests of his Empire demand tranqui11ty and the profitable employment of the huge sume he is borrowing from wealthy and complaisant Fr,nce. Tb •-re is the Siberian rallway to complete, the new port on the Arctic ocean to be made practicabl~. the forti fications on the extreme eastern coast of Aeia to be renderad impregnaiJle, the new and gigantic water-way to Afgbanistan to be carried out, and Russia's strength in tbe Bil.lkan States to be consolidated. A recent sbrewd observar, an olcl European diplomatist, says that, witbouL doubt, the Czar, a "most enlightenad you ••g man," would a cquiesce in coercing Turkey, hut "his objective point is ir, tbe Far East at present, where be has travelled," and, we may add, where the culmination of Russla's splendid destiny líes, for mistress of nortbern '1hina she is bouod. to be, aud- probahly will absorb ali Persia as well, and so can afford to reserva Constantinopla for tbe and of tbe game, Tbe Rassian proffers of friendship to Italy in Abyssinia, and later in tbe mat ter of the a !liance of Montenegro witb -the bouse of Savoy, and the avowed _alliance wlth Franca, indlc..te how changed has become the position of tbe l.Jzar•s Government in European affairs. Peace is t e obj~ct of tbe St. l-etersbura- Cabinet, for it meaos the opportunity for expansion Asiaward, and the creation, in tbat division of the globe, of the hnge dominion of which NAPOLE0N dreamed in Egypt, but which fortuna and bis restless genius forbade bis achieving. Railway Notes. The Mexican Central railway has preparad specifications· !or • number oflO-wheel engines, with cylinders 20 by 24 loches, drlving wheels 60 inches in diameter over tires, equipped witb Krupp crnclble steel tires. The tender and track wheels will be 88 inches in diameter, with cast centers and steel tires. The tender trames wlll be of metal with a capacity for elght tons of GOBl and 4,600 gallonsof water. The Player brake beams will be nsed on the tendera. The bollera wlll beof the Belpalre pattern, 61! inches in dlameter at the smallest rlng, of t-lnch steel !or 180 pound11 pressure. These eneines will be equipped wlth Westin¡rhous&-Amerlcan brakes, Westlogbonse traln signals, Nathan triple sight feed lubricators. Friedman injectors, Ri,ohardson balance valves, Crosby 1tanges and French springs. The englnes are to be bnllt with á stlft' cBSt iron plate on top of the' frames in front of the leg of the boiler to keep the frámes from working, This answers the same pni;pose as the ueual plate back of the boller. It has been found of great service -on heavy engines and has been in use on th'e Mexican Central for tbe past two years. In: the present specificatlons tbis plate · is deslgnated to be 2 loches thick and a feet 10 inches long, and .to be firm!y bolted to the top of the frames. PRESIDENT RAOUL Hla Bpeech at the London Meeting of Certlficate Boldera. The fnll text of tbe address of Capt. Raoul, president of tbe National railroad, at the meetln1r of certificate bolders, held in London recently, is as .follows: He stated tbr.t there had been a gradual improvement in tbe rallway since the bondbolders undertook its management in 1887. Tbe earnings had ~radually improved, the system of work!ng bad been better, -and there had been a comparati ve reductlon in the expenses. All tbese features had contrlbuted to incrB!llling the value of thé junior securities. The Rreatest drawback they had had to -00ntend with had been the price of silver, and nearly ali that they bad ga!ned in the last year or two had been quite ah.sorbed by ita depreciation. If tbe present price of sil ver were •.he same as !t was when tlJey took the workin" of the road THE MEXIOAN FINANCIER into their owo bands tbere would he quite sufficient to pay tbe full interest ou tbe A bond~. Mexico wa~ a country of very slow growtb, but of very certalu growtb, and while tbe depreclation ofsilver bad affccted the a-old result of tbE>ir earnings, 1t bad had the eft'ect of giviog >\ 11..w i mpetus to business In Mexico, and bad added considerably to tbe com meroe aod traffic o! tbe conntry. The relations between the larga railway companies in Mexico and the governmeot were matters of very serious importance, and he was glad to inform them that tbe relations between tbeir compauy and tbe government were exceedingly good. Some years ago the government owed the · company a larga sum for transportation, bnt tbls bad all been paid, aud the w hole metbod of business between the 2overnment and the rail way had been entirely satisfactory. For the last 18 or 20 montbs there bad been a loss of revenue from the war of rates, but an agreement had been enterad into which had adj11sted this matter, and from tbe following day Dec. would begin a new condition of traffic returns which he hoped wonld help considerably to increase tbeir revenue. He regretted that nearly all the English newpapers bad attributed the blame J'or tbis war of rates to tbis company and the Mexican Central; but tbis vlew was entlrely at varianoe with the facts, for they bad done everytbing ihey could to avoid a contest. The Mexican National company had recently secured a concession from the Mexican government for extendlng one of the branches of their main line from Acambaro towards tbe Paclfic coast, about 100 miles lonir, ending at a little ludian villaite callad P'\tzcuaro, and the extension for about 50 miles, to U ruapam, tapped a very rich and prosperous agricultural conntry, anda country very susceptible of development, The concession was coupled with asubsidywbicb made the financing and building of the extension a very easy matter. The earning power of the Mexican National railway could be very much improved by the constrnction of a number of branch roads, whicb would act as gatberers of trafflc for them;·and be thought tbat the directora should be encouraged to do whatever was possible in tbe way of buildinit feeder Unes. If tbey remained stlll, traffic would be diverted from their railway to other companies. In answer to a question. Captain Raoul stated that about 20 per cent, or 25 per cent. of the large increase of traffl.c which they had in Octoberand November was owing to some extent to a soarcity of corn in varions parta of tbe-Republic, bnt the bulle of the increased traffl.c was the resnlt of tbe natural development of the country. R.ailw..y Deal. The finishing tone ,were beinlt' ltiven this week to a ver,: important railroad deal. Thts· was tbe sale e! the' Hldiileo railroad to an American syndicate. The negotiations have beeiil nnder way for over a year or two, and Mr. Gabriel Manceni, tbe eole owner of the road, received, in all, some twelve dlft'erent propositions. Tbe competitors for the property finally narrowed down to two leading American syndicates, onea New York and Chicago and the otber, a New York oombinatlon. Tbe amount agreed npon to be paid Mr. Mancera for the railroad is two mlllion three hundred thousand dollars in gold, anda deposlt of $25,000 in gold llkewi11e, itas to bave been made in earnest ofpurchase. In fact the matter of the gnarantee deposit has been banglng fire for a few days past and is all that stood in the way of tbe cloaing of the deal. Mr. Mancera is to receive all cash, and there will be no issue of bonds. He oft'ered to admlt snch issae In part payment but the purchasers it appears prefer to pay sil ~,ash, Mr. Mancera may remain on tbe board for a while, but it is very llkely that he will eo Í\() Europe on a trlp, if he does not conclude to reside abroad. Tbe sale of the Hidalgo rall way would imply pl'osecutlon or construction and ti.lis would indeed greatly bene.fit Amerl~1i, colonias in its viclnily. to pay the rates-the Mexicana tbemselves-they would find a oonsideratoledifference of oplnion; but tbe board were not withlUo.tb Ordlnary General Meeting of the Sbarebolders out hope that sometbing mlebt be done in re2ard to this matH eld In London. ter, and auytbing tbat could be done would be greatly to the b&nefit of the company. It would be remembered tbat on June 15, last, the sbareholders passed a resolntion approving of the At the meetinl!' of the Interoceanic railway shareholders in proposed settlement witb tbe contractor~, Messrs. Delfin SanLondon, the 30th ult., Walter J. Stride preslded, and in movinit chez and Co. An agreement bad boen made for the full settletbe adoption of tbe report and accounts; said although the r&ment of clalms on botb sidas, and the 24 miles of Jine, wbich eults of tbe working were not what the directora would like to • constituted a pxolongation of the company•s Matamoros Une, see, he tbougbt that, consldering tbat during the whole of the and wbich thEY would be able to work, practically, witbout any year under review the unfortnnate war of rates had been bit- additional expense, bad been handed over to tbe company. In terly carried on, it was a matter of 2:reat credit to the manage- this connection be tbougbt their hearty tbanks were due to ment in Mexico tbat tbe resulta bad not been 'worse than tbey their able representativa, Mr, Martinez Del Rio, for the way in were. The total receipts for the year 1895-96 were $2,202,000, as wbich he ha1 carried out tbe delicate negotiatlons with the against $2.316,000. Tbat was a loss in total receipu, of no leas contractors, Referring to tbe issue of the small amount of four tban $114,000; bnt at the same time the net losa was only per cent. prior lien stock which the company bad on hand the '56,000, while if tbey took tbe sterling profit, the -losa was only chairman said tbe board bad thought it wise to dlspose of that to 4:3.000 tbronghout the whole of that trylug and anxious time. partly pay for the considerable outlays which were ccnstantly Tbere had been a remarkable iu,,rease in nearly every ltem of being made for steel sleepers and improvements and renewals eoods carried. Tbe only material decreases were in coa!, on in the road, but owing to tbe smallness of tbe amount (.í:40,wblch prartically no profit was made, aod on the company's 000), they felt nnable to otfer it to the sbarebolders and debenmateriBls, wbich included a certain amonnt used in the con- ture holders, and tbey, tberefore, succeeded In placing it with struction of new works, Thare was an increase in the number a small group of financiar~ on very favorable terms. ofpassengers of 42,802 and in tbe tonnage of goods carried of N ew Capital, 23,900, olearly pointing to a decided increase in the local traffic. 'l'be loss of revenue bad been entlrely due to competition. Further capital would probably have to be raised to cover the Where the management had sbown its ability was in the improvements, particularly those takinr.? place in tbe harbor at; matter of tbe expenses, whtch bad ddcreased by no less tban . Vera Cruz and the stations at Pueble; bnt the directora wonld '57,559. This reduction bad not been arrived at by starviog tbe delay as long as possible issuin~ the capital in tbe hope that road; for there hsd bean an increase in rails of $2,100, in sleep- tbe market value wonld considerably increase in the meaners $5,100, in ballasting $5,000, and in earth work $2,500. time. Thls expeoditure was by no meaos new; it was wbat was Tbose were all items which tended to strengthen tbe rosd, and anticlpated by and provi4ed for in•the scbeme referred to. With make it better for carryiog the traffic, and by that means to regard to the future, the groes rec11ipts were still showing an reduce the permanent working expenses, It bau also bad the increase-a material increase of SM,780 and be was glad to say etfect of saving them from the serious accidentR to wbich the they learned by cable tbat the net result to the eñd of October company bad been bitherto somewhat subject. Tbe manager, was practically tbe same as the correspondinlt' perlod of last in bis report, referring to tbis, sald: "Tbis fact, oombined witb year, so that notwitbstanding the continuad heavy expenditure greater regularity in the train service, has bad a good etfect in in maintenance and renewals, it conld be seen tbat this had restoring public confidence and disarming hostile criticism, been oovered by the increased receipts, and that the net resnlt which, I am ¡lad to say, bad almost ceased." The result is was not sufferinj?, If they could get increased ratea, as they that U,000 a<lditional toas were carried, bnt tbat 60,000 train could wben the pool was in working order, tbey might hope for miles were saved. He had said tbey had done a good deal better resulta. At the same time the board desired io warn the towards strengthening tbe road, and they intended to continue sharebolders not to be in too great a hurry. Tbe European that policy. They were improving tbe road by degrees, as they part of tbe pool would not come into nominal exlHtence until believad that was tbe truest economy. December 1, and it must take a considerable time before the r&sult could possibly be seen in tbe trafflc receipts. Furtber tban THE ROAD1 S FINANOES. tbat, the news bad been pnblished that the pool was abont to. With regard to the scheme whlch the sharebolders approv- be restored, and no donbt a considerable amount of goods bad. e¡l, and which was passed by the court on April 29, the result been importad in anticipatlon of it; so tbat, althoogh the dio! it bad beeo tbat tbe company, even in this bad year ofshort rectora felt tbe increased trsfll.c would come sooner or later, the earniogs, was able to pay the full interest on tbe prior lien proprietors mnst nlij be disappointed if tbey did not see thebonds, the ful! interest on tbe four per cent, debentures, and to traffio recelpts rush ,t\) at onoe. He thougbt, bowever, that on otfer a payment "f 16s. 8d. on the "A" debentnre stock, This the wbole they migbt fa!rly conslder that tbey had seen tbe was, no doubt, a small payment, Tbey had been accnstomed worst and touched bottom. The population and wealth of Mexto small things, nnfortunately, in thls company; but ali the ico were materially increaslng, and business was waking up 1mrplns earnin¡¡:s they now got would 11'~ tbe debenture-hol- to a great extent so tbat there was reason to look for some imders. Haviog referred to tbe disa.strons etfect of competition, provement, thoogh it migbt be slow. Tbe board considered be tbougbt it must be a matter of con1eratulation to all concernthat the thanks of tbe company were due to Mr. Stewart and ed that the pool had beeu restored. Tbe European pool bad the staff in Mexico for the way in which they bad worked the been fixed for the Veracruz Unes, viz., tbe Mexican rall way and company's line, and to their able secretary (Mr, Ho~hton), and ibis oompany at 66 per cent., and for tbe rival llnes-tbe the staff in London, for the excellent way in wbich everytbin¡¡ Central and the N ational-at 34 per cent. As between tbis comwas done in the London office. pany and the Mexican ri.ilway, tbe 66 per cent. was divided Mr. G. E. Paget seconded the motion, wbich was carried into 44 per cent. to the Mexioan and 22 per cent. to the In- unanimously after some discussion. teroceanic. This was a little more favorable to them than beMessrs. W. J. Stride, H. T. Hodgson, and G. E. Paget, and fore. Wtth regard to tbe American pool, tbey experienced the Hon. Chandos S. Stanhope, tbe retiring directora, were regreat difficulty from the fact that tbey bRd no basis upon whicb e.ected, as were also tbe auditora (Meesrs, J. H. Duncan and to pool. It had, therefore, been arranged that for twelve Co.) and a vote of thanis· to the cbairo:11.n and board concluded months the trafflc shonld be carried oo from all parts of the the meeting. · · ·· United States-what was called tbe American traffic-on ali lines at agreed ratea, and the agents of tbe four companles were now fixing tbese ratea, which were to be maintained for twelve· montbs. By tbat means it would be pos8ible to obtain a basis Tbe Wine of St. Remy. for the pool which the a¡¡reement stlpulated sbould be entered into at the expiration of twelve montbs. He wished here t.o say that thelr relations with the Mexioan railway bad been Has no equal as a pleasiog a~d strengtheui~ll 'l'onio, wrrt: most cordial and amlcable. (Hear. hear,}The negotlations with ten recommendatlon_s from all the leading physician& of thi4 the othercompaniee witb tlíe view ofgetting a readjastment of and jore,,gn count1-iea, ~e ratee of carriBR:e to compensate for tbe fall In the value of It is lndispenAable In ali cases of weako888 and oonvale&.tfver was, oí course, very deetrable, and at the BBme time very cence, Sold in all tbe principld dTUll atores, or order dlrem dellcate. It was only natural that on tbe part of tboee wbo had from F. de Roseoorn & Co. Bordeaux, France. INTER.OCEANIC ROAD. " ., 279 �THE MEXIOAN FINA.NOIEB 280 The Bmycling Worlll. THE MEXIOAN FINANCl..U . TO TBE TRADE! Son_los idiomas actuales en el Continente American o, y todos dab1eran saber ambos. L eed los acontecimientos del mundo en de FEDERICO R. GUERNSEY, Editor. - - PAUL RUDSON, Administrador. L o p ez n u m e ro 16. ,. We are now preparad to do all kinds of j ob wor k elther attbe shop, wbere we bave the latest tools and equip wentor will vlait your p r emisas any time, day or night. COL ISEO VIEJO t7. - - - - - CIUDAD D E M EXI CO. FERROCARRILES DE H IDALGO Y DEL NOR DESTE. _ !orario Numero 21 p ara los trenes que o o rrerau d e sde el d la 1 q d e ,lunio d e ! 898, hasta nueva LINEA ENTRE MEXICDYPACHUCA MEXICO A SOTOTLAN 11- 3 y 3- 1) 1 S 1nith & H ale. - - Tours and Touring, ~~2 Beautifully Illustrated. One Dallar Fer Year. Sample Copy Sent Free. AND Q,UIOKEST FREIGHT AND PASSENGER SERVICE BETWEEN ALL POINTS IN Mexi eo, United Sta t es and Eu:rope ESTACIONES. - o- Jose I . I BUBi, Agent, TAKPIOO TBE MEXICAN BERALD Th e only DAIL Y E n glish n ewspaper - PASAJEROS. Num. 13-5. Número -- - o.o 19.0 36 6 MANA.NA. 5<U 66.5 77.3 8:1.S 92,0 109.3 7 29 7.59 8.22 ~ 13-15. N6mero Lle¡¡a. º" Num, - - -TARDE, Llega. Sale. \fexioo. Per,.hi.Uo Gro.u Canal . ...... T Ranta. Ana ......... T Tizavuoa ......... . T ezonte pec ..... 8an Agnstm. .... T Tepe. .............. Xoohlbuacan ... .. :r Pal'b uca.... ...... . Sale. 4.00 7 7.30 8.00 8 25 ~ 8(8 ,.so ~ 31-4 8i7 9.03 V.M 9 15 1~ 9.20 ~ 0.82 0,33 10 00 ---4 59 622 6,00 5.26 M8 6.04. 6.18 ~ 6 .4.7 31· 6 6.08 6.15 6.3n 7,00 6.Sl LONDRES.--- se encargan de la construcción, por contrato, de Ferrocarriles,Puertosi Muelles, Puentes, Mercados y Obras públicas de todas clases. Constructores"de Ferrocarrl Mexicano del Sur. parte .del Ferrocarril 1nterocéanico, Túnel de las Obras del Desagúe, Estación de Bombas para el servicio de agua de la Ciudad de México, Mercados para las ciudades de México y Oaxaca, y t ras muchas obras importantes. Ministran é · instalan, por contrato, Maquinaria Inglesa de todas clases para la Industria y la Minería Unicos agentes:en la República Mexicana pare. la afame.da. cg,se. de Re.msomes, Sims Y Jefferies. He.y siempre una. exist encia. de Trille.dore.e, y máquinas á va.por, con sus r efacciones correspondiente11, en -los almacen es de los Sres. Roberto Boker y Cía. en Ia:Ciudad d e México. ~~ke. 7 29 7.59 8.21 ...,.._,..____, 7,30 8.00 8.25 H7 9,08 9.15 ~~ ~ ¡ s.,e 81-4, 9.04 9.21 """"""'- - - l ,20 7,0i 1 88.H 92,\ 1 9.29 10 01 10 28 lo,52 10.06 10.88 11 00 11,29 -- 31-4 ,... i-9 11.'U 12.00 10.'lO 9m 10,40 11.S.~ um P .M. M:EXICO, A Pulqu, Num, Numero ;11- 16. ESTACIONES. Num. N6me,o- MANANA. , Paobuoa... ....... . Xoob lhuacan. .... T T epa .. .. .. .. .. .... r~~t!i~:::::: 1..lega,¡ & le. 17.3 7.16 6,50 1 7.17 8.7 7.81 7,34 1t~ 16 .1 ~ ,'s'.26 ~'.: 1 rn - - ---- r~· - - LI T"1U>:&. p g ¡¡. U 6 u 7 .....,..__ ~ e¡m. ... .. . .. "" . 2a--1s 1 ~ ~ l~-ll ~-~ 7.2 5,7 18.7 10.6 119 8.4 , NOTAS.-A. Una linPI\ onduladl\ puN,ta d ..ba¡o de lllS h " l't1S. indi~ el cruzamiento ; Y otr a recta el eoncur.,o, en la Estaciou e, ,rrPspundiente. con los t ren es cuyos nu m erot1 astan a contlnuaclou. 6.0 10,8 16 .1 14..8 16 6 19 O T .,, '.z a.tyUCa ... . ... .. T -,,.u f\ Ana .. .... . . Gran lJanal ... . T lll exico, Peralvillo d) ---------------,¡ PAC.B:UOA A $0TOTLAbl, ESTACIONES. o1- a !Í~..:. 6 .02 6.26 _..,,.._, 13-16 6 50 6.19 - 1 TRl!N MIXTO. - -r!'epa.. ... 26.0 'fecajtte... SM llomó-r!el, . T 1.u Lajaa.. lu!!atio. . T !'w.m¡o. T llo6allaA . .. 46.S 5a 9 76.6 81.S 88.6 ¡ I s. Num. U2 u, TREN MIXTO. - Nomen ?-t. o.o 17 ,'I 26,0 3'2,0 ,s.s 60.S 5.36 ~ MANA.N A. , atA L l~a-» ó,00 6.3~ ~ 5 57 62, 7.01 7.30 Num. - - Ll•ita. ~ale, 18-1 6.12 6 SO 7.03 1-7 11.21 12.00 10.U -¡rn- !ROLO A PAOHUCA, a, A a. 'S o.b c.!: cg TRl!N MlATO. - !l~S Numero 23-18. "' "' º Q~= - "'~ TAlll>E. Llega . Sale. ~nm. TRl!N MIXTO, - Namcro 2- 8, --··:E:i:: HANANA. Lisa-a, Rale, Nuru, -- 9,:!0 T lr,,lo .............. 1.8-0 2. 10 Tlaatl!Al)&. ...... . 13 .7 2 0-I 10.02 l O,Oi ¡- 7 1- \2 3 05 2 "3 10.33 Sttn A¡:u~tin ... . 14.6 31-H S IIO 6, 0 3,'lO TTera . ..... .. ....... _____,....,,. Sl -16 8.7 -l.08 4.. 18 Xo hlbua OliD ' •..• TARU" • L l,ga.' Nll•. TPachuca.. . ....... . . 17,8 4 bl 1 1.1., 1.00 ,.u D.- La conex1on e n lrolu y l'er a lvillo eon la vl.3 d ~l FE>rro carrJI Inte1 rooeanl<:o. fa cilita el p 11so de curros cnn roercan cla.s Rln ne cesidad de "• 1 1.~ L IIO h,,r des. I1 tran. 2..i, 2.45 E,- 1 a<:vLPxlonenlaAduanad11 ',l'exJ<>ocon e! F errOf'arrilNaclonal 3.10 3.20 per m lle taml,len el r••B<' rll' •••rrl)s con m ercunoiaA •i n oeceshJad de a 4-1 3.50 trans~orde,.. ~7 1 F,- 1!'.n virtud ,te loearre11 l• sexbt.Pu vs con lOA F~rrorl\mles Me,rf.. 31 ·16 cauo de Ver ttor .. z , Nael, nal ~,exlcnno, Iuteroc , a nion y Me ~lc·•\nn d ,-1 &Íl J 600 4::i_, • !Sur. pueden M C rse r- mlalonps ,llr.-·t..s <le cu,. lqul r" de las 1'staclo6 1 !nes de s n s linea~ 11 lu>< de ARia Kmpr-,a y ,·ice-vel'SH. ~ 8.00 8 .34 8.:J6 138 64 .912 ~""" 1 Ll 9.45 9,50 ) le .. 18.? 10,15 10.20 ! ~o-¡·-~tl. _· 10 ._6 10.88 10.40 11 0 • • ·• 0 ~ 11.2') 11.36 1 r T•p~...... 8.• Xochihuac.u1 ll, ◄6 11 r.o r Pa,:h eo ... 17.ll7 1i.05 P. M. 8 57 4..S'J 6,16 ,21 2.'1-lS d •c SOTOTI.AN A PACHUUA. S-.Ie . 2.58 JR<>LO, Numero 32- 2. ~ Ll• ga 2.42 3,b2 --------,.._,,...,._., 3.15 3.'lO _,¡...;.;..;....i.._....1_ _ <Num. 8---1 Y '1-3) !LA.NANA . 1 - , l'achuca ... lochlhU&C&D 17,8 4.46 ! ~ L35 2,08 2.30 c:.i.:.ci: - ESTACIONES. T~ N MIXTO ' 36 ~ ~ U5 5 01 5,23 5.48 6 17 6.60 2.0-2 2.26 8 20 8,60 1 PACHUCA A e: a5 ~:;l i:: ._ ., ¡ l 'ach uca .... ... .... 1 ebuca, hay carruajes de a!Q.uiler: y ademas de las tra n vla.s en combl- T XocbJnuacan ..... naclon con las h oras de salida y llegada de los t ren ~ . hay uimblen T 'l'epa ........... . .. . o\ras que pasan con frecuencia . Sau Aa-us tln ..... 1'lan><lapa ......... T lroln .... .. ........ y 1- s 1 '1 3.l!J 3,U ' 07 ----~--~~...i. ,____..,._ LINEA lNTRE PACHUCA EIROLO B. En las Estacion es marcadas con nn a T hay ,,flci ou teleg n,Aca. C. Tauto en la Esta cl~n de Peral vlllo en Mexi<:o. como en lll de Pa- LINEA ENTRE PACHUCA, TULANCINGOYSOTDTLAN <~-1 2,{0 trRnsb or de 0.1 81-16 San Ag tuatlu ..... . t~zontapec ...... . U6 , Tlzayucu,.. ..... .. 1 13-3 5.23 1 65-~6~ '-""""' ~ 13-5 · ·• 13-15 T Santa Ana........ H 8 s 411 8.loO ~ ~ 1- 7 Gran Oana1. . . . . . . 16 e j ....,,...,..__ ~ 9· 10 6,17 T Mexiéo. P era!Tlllo · · 9·17 6,19 9·;º;;.....;9;;,; - - - -- ~ . . . . ;1;,;;. ·50 ;;;_,.:,_,_ _ _ __:6;,::: -60::.,J_ _ _ _ TABDE. 1,26 1 uo H6 Ll6 Lll6 Num, Lleiia. SalP. 1,00 T 'T'ulancmg ,1...... . SantiB~o ........ .. TLasLajas........ . Somo-riel ........ . T i e••ujate . ....... .. Nomero 1- 12. l TABDE. Lleg a. Sale. 31- 16. Num, ¡ T Sntotl•!] .. ..... .. ~ Establecida en 1883. 8.01 8,ü ~~ A~ I- - -- PASAJEROS. JIIANANA. MEXICO. -- Q ui CJ.I Para informes y presupuestos sírvanse diriji rse á APARTADO t9's, HA.NANA. '§ o,!; Numero 13-11. - ~ Gl Numero 31- 6 Calle de Cadena Núm. 22. Num. Nomero 1-7. Lleg a. Sale. ~ SOT"TLAI" ONLY paper receiving A.SSOCUTED PRESS TELEGRA..118. READ, CAMPBELL Y CIA. LTA. Ingenieros, Comerciantes y Contratistas, Pulque. Num. MANA.NA, Lleg,.,I 9(6 91.7 108.6 10 16 114.2 10.38 132,9 11.22 138.6 11.46 1'6.R 12,05 8<•m o-r1e! ......... ·¡ T ~ ~ jas ...... ... , anttago .......... T T nlancing o . . . . ... T Sotot lan .. .. .. . ... PACHUCA A MEXICO, SUBSCRIPTION, $10.00 PER YEAR. NRm, ro 13-6. Nomere St.6. tran sborde al s 1-e 1 Tecajete . ......... 31-16 1 Y 19,0 SM 60,4 66,5 77,S 88,3 Tt:!anta • na ........ TTizaynca .... t. ... !! Tezontep er . . ..... San Agu sti .. . ... T Tepa .. .. .......... 1 ===MEXIbo i:il ¡;j - - l1 · Gran . ..,oo. CAnp~ al ~.m, .. .. ... '-""""'- 31-10 8 d a, O Dr lll:BlCICO. m. PASAJElt()S. 1 1 A-¡;¡ - d- t,; cO o - s:I (t) e QI., s-a oofo U) _g lP o., .. Q V i a T ampioo a nd V e r aor112:. George E . .Pcnoeil. Agen t. VERAOBUZ, J. J . Al len. General Mex. Trame Agent. - - GANTE l. M.S::XICO CITY.-- ne Bicyclin~ WorM, -- - g;~ ESTACIONES. MEXICO A PACB:UCA, CHEAPEST ~ dl «> CALLEJ ON DE LOPEZ NO. 18. YORK & CUBA MAIL STEAMSHIP CO. Sport of Cycling - - NEW - - - - - - W A RD L INE - - - - - dJapo■ioion. LINEA ENTRE MEXICO, TULANCIN&OYSOTDTLAN (Num. 1l Our p r i ces are r ea sonable and we guarantee satlsfaction. A tr ial is s olici ted Devoted to 46 Stanhope Street, Boston, Mass. - - - 1012 Masonic Temple, Cbicago, cada mafíana, y en E>l término de seis meseR conocereis el idioma iuglés. SUB~CRIPCION, $10 POR AÑO. SMITH AND HALE, Oalle-j o n -(WEEKLY)- TBE RIDERS' PAPER. El Mexioan Herald When t o need of elq)er t macblntats for rep alr w ork whlcll requtres promptneaB and akllled labor, een d for ►• 5 -- - ~ '·'° T oi, .... M~'O/'WRJ. Rur e r lntendl'Dtl> IJ<>D ... rft l �6 THE MEXICAN FINANOIEh THE MEXlCAN FTh.A.NCIER Don't Forget! A W11en you go to t)w States, those new and elegantJy a¡,pointed Pullman Palace BuffM Drawing Room Sleepers on ali througb trains of the 7 T rip over the ::--::-- MEXICAN CENTRAL RAIL WA y: MEXICAN NATIONAL RAILROAD. presenta more that is of interest to the plea.sure Tourist or the man of business than can be seen in a like number of miles elsewl:J.ere in the world. Fassengers can have the choice of taking their meals on the Bu:ffet Cars or at the favorably known eating stations along this line. o THE ONLY LINE PASSING THROUGH SAN LUIS POTOSI ANO MONTEREY IS THE LAREDO ROUTE. Tropical foresta, snow clad volca.noes, coffee fa.rms, suga.r plantations and banana fields. Quaint and curious Indian villa.ges an.d populous modern cities. The Mexican Central Railwa.y, with ita two thousand miles of tra.ck, tapa the highlands and the lowlands, croases the mounta.ins and reaches the Sea a.t 4 Days and I5 Hours MEXICO CITY TO NEW YORK CITY. F. E - YOUNG, City Ticket Agent. Ticket, Telegraph and Express Office under San Carlos Hotel. General Offices at Colonia Station, fronting on Paseo de la Reforma. FERR.00.ARR,I L MEXICAN SOUTHERN R'Y. TO OAXACA & MITLA ., "'a ~.oa ~o 80UTH BOUND. i:i~- ~ª~ DAILY ¡:¡,g:; No.3. No. l. D.AILY. 2.16 ~~~ NORTH BOUND "'a i:i A_§j No. 2. No. 4. .Sºl<l - - -- -DE- MEXIGO A CUERNAVACA y EL PACIFICO. DAILY. DAILY Arirve. P.M. A.M. Depart. 11.20 Puebla 366.6 7.40 6.15 239.3 3.67 6.30 Tehuacan 9.37 1Z7.3 Tomellin 109.5 11.24 2.09 257.1 Oaxaca 6.00 7.30 866.6 Depart. A.M. P.M. Arrive. P.M. A.M. 6.50 STATIONS. -- \ ITINERARIO No. 7. COMIENZA AREGIR ALAS 6A.M.EL 1Z DE FEBRERO DE 1896. TODOS LOS ITINERARIOS ANTERIORES QUEDAN NULIFIO.ADOS. -- First class J<Jxcursion Tickets for tbe trlp Mex!co to Oaxaca and return, are on sale at tbe otfices of tbe Mexlcan and Interoceanic railways in tbe City of Mexico. Also at tbe down-town ticket offlces of tbe Mexican National and Mexican Central Railways, and at tbe Agency of E. Dutour y Cia., l"' S. Francisco 12 and from Puebla to Oaxaca and return in the Mexican Soutbern station, Puebla, at the following rates: Hexico to Oaxaca and return, $20.50. Puebla to Oaxaca and return, $15.00. Tickets are good for 30 days from date of sale, and entitle tbe holder to stop over, eitber going or returning, at Tehuacan. A liberal allowance is me.de for bagg,.ge. The climate of the City of Oaxaca, especially during the winter montbs is most agreeablet....being considerably warmer than eitber Mexico or Puebla. .Hotels are good and sufficlent in numbea. Tbe famous ruina of Mitla, and the great trees of Santa Maria del Tule,are witbin a few boursdrive from Oaxaca, and are well worth a visit. Oaxacaitselfis tbe most tborougbly representativa Mexican city reacbed. by a rail way, and ~he lin11 of tbe Mexica.n Soutbern runs tbroue:b an extremely p1ctures• que part of tbe Republic. The canons of La::i Cuez and Tomellin oa tbis route, are conceded. to equal or surpass, in point of scenery, the most famous ofthe Canons of Colorado, aud tbe trip in general is one tbat pleasure se ~"H' - ,bould not miss. For furtber informa. tion address: W. M0RCOM. General Manager.--Puebla. RUMBO AL SUR, RUMBO AL NORTE. No. 1. Kllometros ESTACIONES.' Kllometros No.2. Mlxt.o. Mixto. D!ariamen :O!arlamente except.o te excepto los Desde los Desde TresMar!as dom!Dgos. domingos. Meneo. - 7.16 a.m. o s. México. 4.6 Santa Julia. 7.60 12.2 Tacubaya. 8.02 16.1 Mixcoac. 8.18 21.9 El Olivar. 8.37 8.47 28.2 Coutreras. 8.64 30.7 7.Z7 Ll ·- 4.00p.m. 69.6 4.18 61.9 3.66 58.0 3.40 62.2 3.25 4.5.9 3.07 2.67 43.4 2.60 7.6 3.9 6.8 6.3 2.6 E1:1lava. 15.4 Ajusco 15.3 9.44 46.1 10.30 61.4 La Cima. 11.15 74.1 Ll. Tres Marfas. S. a.m. 74.1 4.6 12.7 28.0 2.05 12.7 1.20 .o 12.30 1 o t - T A M. P I C O , 12 hours the quickest time to St. Louis, Mo., and a.11 points beyond. Pullman a.ccomodatious reserved through to 8t. Loms and New York. 1 the only port in the Republic where steamers can lay at the wharl. 011 the mountain top in the morning, in the barranca a.t noon and on the beach a~ night. Sea bathing in Ja.nuary, a.lps ciad in verdura instea.d of snow, novelty, chauge and freshness. t ' j l .,t.i '•• >( ,;_ 1 t ,) TBE RAILROAD OF THE REPUBLIC. From the Sea to the clouds. l'assing modern cities and ancient monuments. Standard gua.ge in everything: mana.gement, ideas and treatment of patrona. The only line in the Republic running Pullman pala.ce buffet sleeping cara between the Capital and points in the United Sta.tes. Chea.p re.tes and prompt service. This is the only line giving the traveler the choice of three routes: Vía El Paso, via Eagle Pass or vía Tampico. The Tourist can come by land and return by water. 1 The Mexican Central Railway, appreciating the grea.tness of the country tributa.ry to her linea, has eatablished a Bureau, devoted to the dissemination of relia,ble information as to business opportunities, agricultural resources, interesting information for sportsmen; in fa.et, a.nything that may be of interest to the Tourist or possible settler in this Republic. 1, p.m. CoNEXIom;s.-En Tres Marias oon la Empreea de Dlllgene!as Oeoeral('.Q IJl\ra Cuemavaea. Excursion tickets can be purchased in any part of the United States or Ganada which allow a final limit of nine months from date of issue and carry stopover privileges going and returning south of the · Río Grande. W. D. M.uPdock, A. Boff'man, A..!G-:P. A. A. V. Tem.ple, Manager, G. F. &P. A. CITY OF DIEXICO. • Burea11 Inforruation- �8 THE MEXIOAN FINANOIER. La Mutua ··--••--- . Compañía de Seguros de Vida, de Nueva York, The Mutual Life Insurance Company of New York. IUCHARD A. McCURDY, Presidente. .. La mayor, mejor, más barata y más popular Compañía de seguro de vida del mundo. ACTIVO, MAS DE - - - --o~o $221,000,000 AMER.ICANO.,----- Es 1,.1.ramente mutua, pues no tiene accionistas. Ninguna otra Compañia ha obtenido los resultados tt:.n provechosos y halagadores para los asegurados. Sus PÓLIZAS son las más liberales que hasta hoy se han expedido. . Han pagado á los tenedores de PoLIZAB, desde su fundación (1843) hasta la fecha, más de $411.000,000, oro americano. SUCURSAL MEXICANA CARLOS SOMMER, DR. EDUARDO LICEAOA. Director general. Médico director. Puente de San Francisco num. 1 (casa propiedad de la Companial. American Surety Co. de Nueva York. American Surety Co. of·New York. Capital efectiva en oro Deposito en el Banco Nacional de ?il:exico J $2,500,000 $ 100,000 Ce.ah Capital Deposit in Meneo $ 2,500,000 - $ 100,000 •• Tbe Lugest Sare1y Oompany in the World. La Mayor Compañia. dB Finanzas en el Mti~~o. Con arreglo ll. la concesión hecha por el Gobierno M~xicano A la Amencan Surety Company. ésta garantiza el m11nejo de to-d01:1 los empleados de la Federa,·ión. Emite fianzas ll favor de Empleados de Bancos, Campaflias -Ferrocarrilera.q, Casas Comerciales y Empleados particulares. Proporciona fianzas pa ra Administradores, Ministrofl Eje,oqtores Recibidores, Importadores y para la Tramitación de !Tear9(llos Judiciciales. ¡,.. pel'l!Onas afianzadas actualmente pueden relevar A sus am1!_0B de futuras obligaciones con solo ocurrir A esta Compafiia. r ara mA.s informes, ocürrase personalmente ó por escrito A Under concession ofthe l\lexican Government, the American Surety Company guarantees the management ofall Federal employee. lssues bouds in behalfofemployes ofBanks, Railway Companies, Commercial Houses and prívate employers. Furni~hes bonds for Adrcimstrators, Executors, Receivers and Importers; also in court proceedings. Persons under bond can releaae tbeir friends from furtber obligations by applying to tbe Company. For particnlBrfl apply in persou or by letter to Z. L. TIDBALL, Z. L. TIDBALL, General Kanag••• Gerente GeneraL Esquina de Plateros y Alcaicerla.--Mexico. N. w. Corn~r 2nd P!Htnos & Alcaic·ria Rts.---M.. xico. ~~~~~.. . ,., ,. .__Mexican Central l{ailroad forma throug h liue to Kansas City, St. Louis, Cbic,go & NllW YORK, passing through El Paso and avoiding the extrems of beat a.nd dust. Throuoh sleemTUJ car berths sold to Kansas Oity and Chicago. The best eating houses in lhe United Sta.tes. Insi3t upo-n hamno 11our ticket read ma /he Santa Fe and E l Paso. H. C. Dinkins, A. Braggiotti, Ge u11ral Agent. Tic ket Ageot. PLAZUELA GU AR.DI OLA. DE • � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource The Mexican Financier = El Financiero Mexicano Description An account of the resource Gaceta publicada en inglés y español a finales de siglo XIX en la ciudad de México. Presenta información científica sobre economía, finanzas, agricultura, industria, comercio, y notas relevantes de los avances científicos y sociales sobre dichos tópicos en México y el mundo. Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Título Uniforme The Mexican Financier = El Financiero Mexicano Año de publicación El año cuando se publico 1896 Volumen Volumen de la revista 29 Número Número de la revista 14 Mes de publicación Mes cuando se publicó Diciembre Día Día del mes de la publicación 19 Periodicidad La periodicidad de la publicación (diaria, semanal, mensual, anual) Semanal Relación OPAC https://www.codice.uanl.mx/RegistroBibliografico/InformacionBibliografica?from=BusquedaAvanzada&bibId=1753351&biblioteca=0&fb=20000&fm=6&isbn= Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource The Mexican Financier, El Financiero Mexicano, 1896, Vol 29, No 14, Diciembre 19 Subject The topic of the resource Mexico Condiciones económicas Finanzas Economía Siglo XIX Industria Description An account of the resource Gaceta publicada en inglés y español a finales de siglo XIX en la ciudad de México. Presenta información científica sobre economía, finanzas, agricultura, industria, comercio, y notas relevantes de los avances científicos y sociales sobre dichos tópicos en México y el mundo. Publisher An entity responsible for making the resource available [Editor no identificado] Contributor An entity responsible for making contributions to the resource Simonds, Louis C., Redactor Responsable Date A point or period of time associated with an event in the lifecycle of the resource 1896-12-19 Type The nature or genre of the resource Periódico Format The file format, physical medium, or dimensions of the resource text/pdf Identifier An unambiguous reference to the resource within a given context 2006287 Source A related resource from which the described resource is derived Fondo Historia Language A language of the resource spa / eng Spatial Coverage Spatial characteristics of the resource. México Access Rights Information about who can access the resource or an indication of its security status. Access Rights may include information regarding access or restrictions based on privacy, security, or other policies. Universidad Autónoma de Nuevo León Rights Holder A person or organization owning or managing rights over the resource. El diseño y los contenidos de La hemeroteca Digital UANL están protegidos por la Ley de derechos de autor, Cap. III. De dominio público. Art. 152. Las obras del dominio público pueden ser libremente utilizadas por cualquier persona, con la sola restricción de respetar los derechos morales de los respectivos autores Cosecha inglesa de Lúpulo de 1896 Expedición Belga al mar Antártico Industria eléctrica en los Estados Unidos Instalaciones para fábricas de acero en el Japón Pozos de petróleo de Baku Teatro Degollado