Page:Mexico, California and Arizona - 1900.djvu/118

From Wikisource
Jump to navigation Jump to search
This page has been validated.
100
OLD MEXICO AND HER LOST PROVINCES.

The most promising openings at present would seem to be, for capital, to work up into manufactures the raw material with which the country abounds. These opportunities will increase with the growth of transportation. Labor is cheap. The peons have little inventive but sufficient imitative talent, and make excellent mill-hands. They work for twenty-five and thirty-seven cents a day, and have no trades-unions nor strikes. There is little opening as yet for persons of small means. The government has taken but its first rudimentary steps toward the encouragement of immigration, and the path is beset with difficulties.

A commercial treaty is now in the hands of the Senate of the United States. It will be adopted in some form before long, and may result in the improvement of local business opportunities, as it must in the volume of trade, between the two countries. What we want is such a reduction of duties as to put us on the same footing at least as England (in favor of which there is a certain discrimination), so that our goods and machinery can be sold in the country on reasonable terms. It is predicted that a trade which is now about $30,000,000 per annum (including both exports and imports) can be made $100,000,000. The Mexicans, on their side, desire admission for their sugar and hemp. The treaty has met with its chief opposition thus far from our Southern sugar-planters. Their fear of competition is hardly reasonable at present. Our own product seems more likely to go to Mexico at first. It is a matter of note that sugar has been selling at eighteen cents a pound of late at old Monterey, in the country which professes to raise it.* The total


.* Detailed figures of our trade with Mexico, and other useful matters, will be found in the "Border States of Mexico," by Leonid Hamilton. Chicago, 1882.