The Railroads of Mexico

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Stratford, 1921 - Railroads - 226 pages
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Page 187 - Diaz was able, through his successful administration of affairs, to accomplish that which at that time seemed hopeless. He gave the country a long era of peace and order. He forced Congress to grant liberal concessions for railroads connecting with the United States. He established protection and security to life and property. He restored public confidence. He brought about a great development of the resources of the country. Under his regime, commerce, internal and foreign, flourished beyond the...
Page 71 - Private property shall not be expropriated except for reasons of public utility and by means of indemnification.
Page 2 - American capital. A large amount of American capital has been invested in the railroads of this country within the past two years, the Mexican National Railroad having passed from British to American control and the Mexican Central, always American, having acquired some short lines which were not owned by American capital. Since the construction of the Mexican Central by Americans, some twenty years ago, United States capital has always been the strongest factor in Mexican railroads, and at present...
Page 178 - ... as a whole, but in the temporary interest of that portion of the community which at the moment could exert the most strenuous pressure. The Mexican system, if it succeeds in establishing itself permanently — for as yet it is only on its trial — may perhaps have avoided both Scylla and Charybdis. Faced with a powerful but local and temporary demand, the Government may be able to reply that this is a matter to be dealt with on commercial lines by the board of directors. If, on the other hand,...
Page 69 - It would be useless to try to state the amount of indemnity to which, for the use of the property by the Mexican government, the railroad company will be entitled under the law cited, when the time for settlement comes. The wording of the law itself is somewhat vague. If no agreement is reached as to the amount of the indemnification, the latter shall be based on the average gross earnings in the last five years, plus 10 per cent, all expenses being borne by the company. It is evident from this provision...
Page 111 - You, the deputies of the States, would you exchange your beautiful and poor liberty of the present for the rich subjection which the railroad could give you ! Go and propose to the lion of the desert to exchange his cave of rocks for a golden cage, and the lion of the desert will reply to you with a roar of liberty.
Page 110 - it is a natural law of history that border nations are enemies;" that "nations of the North generally invade the nations of the South," hence " we should always fear the United States;" and he closed with the following appeal : "You, the Deputies of the States, would you exchange your poor but beautiful liberty of the present for the rich subjection which the railroad could give you ? Go and propose to the lion of the desert to exchange his cave of rocks for a golden cage, and the lion of the desert...
Page 99 - ... for New England, why not for Mexico also? "While exploring the country between Vera Cruz and the City of Mexico, I became satisfied of the feasibility of a railroad route between one and the other of those places. Desirous of seeing Mexico benefited with the same kind of institutions and improvements as those effecting such great things for my native New England, I planned and advised that improvement — especially would I have internal improvements commenced without the least possible delay,...
Page 210 - Recognising the Validity of the Privilege granted to D. Jose Garay, for opening a Way of Communication by the Isthmus of Tehuantepec, nor the Legality of the Transfer to Citizens of the United States.
Page 211 - Report of the Secretary of Finance of the United States of Mexico of the 15th of January 1879 on the Actual Condition of Mexico, and the Increase of Commerce with the United States, Rectifying the Report of the Hon.

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