Salt Lake Tribune | 1909-05-30 | Page 32 | Mexico the Land for Young Man

MEXICO THE LAND FORJOUNS MM Prominent Financier of Repub-. Repub-. Ho Gives Some Idea of the Great Opportunities. SPLENDID MINERAL RESOURCES LIE DORMANT Millions oi" Dollars Being Spent to Develop All Sorts of Resources. "Mexico is .the only safe country left in all the world for the young man seokinj; to make a start in the world. Millions of dollars arc being spent on the mines, now railroads, on agriculture agricul-ture lands and in so many other avenues ave-nues of industry that it is useless to recount them-, and the host of it is these investments are absolutely safe. Tlio United Slates has invested iu Mexico one thousand millions of dollars. dol-lars. The two countries go hand in hand, and the bonds of affection between be-tween tlio two arc firm and growing more positive year to year," said Mark Ji. Katze of the Associaciou Financier.-! Intoruacional of .Mexico, one of the largest financial institutions of the republic. re-public. Mr. Katze is en route to San Francisco and Mexico from the cast, and no more thoroughly informed man on the land to the south of us could be desired. Mr. Kaf.o has sold and si ill is selling sell-ing agriculture lands in Mexico by the huudicds of thousands of acres. lie says ho cannot get Innd fast enough, so great is the demand, and .the United States is sending whole train-loads train-loads of people into the heart of tlio republic lo bottle on agriculture land. The Marcus Daly estate, the Kofhs-ehilds, Kofhs-ehilds, the Cole-Ryan syndicate, the Canadian JClectric company, the Mexican Mexi-can Light and Power company and numerous other great interests each aro spending millions or dollars on various Mexican enterprises, one compan.v expending ex-pending $6,000,000 alone on cotton planting. Speaking about the mining possibilities possibil-ities of tho country, Mr. Katze says that, in spite of the many years of production from I lie mines, Mexico as yet is a virgin mining section, scarcely scarce-ly scratched for its val stores of mineral min-eral wealth. I'n the one state of Micho-acan Micho-acan there arc 1000 miles of copper territory, while in Oaxac;i there are fifty producing mines, and only a very small portion of the available mineral territory is prospected or known to the world. This rich country is all seamed with immense deposits of iron and coal awaiting exploitation, and Hanking it are nu'lions of acres of valuable limber lands, and connlless acres of agriculture and grazing land now h'ing dormant. The state of GuerTo is one of the greatest vaults of untouched treasure tho world contains, con-tains, yet it takes a five or six-day mule train trip lo get anywhere near the heart of it. Salt Lake capital is interested in this neglected and rich section of Mexico, Mex-ico, the Mexico-American Holding and Improvement, company being their organization or-ganization .which recently was granted wide concessions by the government. Mr. Katze" says that the lands comprised com-prised within this concession arc capable capa-ble of sustaining on fertile land five millions of people, while on all f.lio available and untouched lands within tho concession he guarantees to locale fifteen million people and not crowd them in Ihc least. 1 In also guarantees to give each person as varied a condition condi-tion climatically as could be conjured up by any mind. Mr. Katze recounts great fortunes made iu sugar cane, cot Ion, fruit, limber lim-ber and mines, and one readily appreciates appre-ciates Ihc opportunity awaiting the present and the next generation of sct-tlcrs.