A Journey in Southeastern MexicoHarper, Henry Howard
History
A Journey in Southeastern Mexico
Harper, Henry Howard
Tuxpan de Rodríguez Cano (Mexico); Veracruz-Llave (Mexico : State) -- Description and travel
The easiest way to make money on rubber trees is to write up a
good elastic article on the possibilities of the industry, form a
ten or twenty million dollar corporation and sell the stock to the
uninitiated,--if there are any such left. It would be a debatable
question with me, however, which would be the more attractive from an
investment point of view,--stock in a rubber company in Mexico, or one
in Mars. Both would have their advantages; the one in Mexico would
possess the advantage of closer proximity, while the one in Mars would
have the advantage of being so far away that one could never go there
to be disillusioned. The chances for legitimate returns would be about
the same in both places. It seems a pity that any of those persons who
ever bought stock in bogus Mexican development companies should have
suffered the additional humiliation of afterwards going down there to
see what they had bought into.
It is surprising that up to the present time no one has appeared before
the credulous investing public with a fifty-million dollar chicle
corporation, for here is a valuable commodity that grows wild in the
woods almost everywhere, and a highly imaginative writer could devote a
whole volume to the unbounded possibilities of making vast fortunes in
this industry.
While I was in Mexico a friend sent me some advertising matter of one
of these development companies that was paying large dividends on its
enormous capital stock from the profits on pineapples and coffee, when
in point of fact there was not a coffee-tree on its place, and it was
producing scarcely enough pineapples to supply the caretaker's family.
In regard to coffee, we found that some American emigration company
appeared to be making a legitimate effort to test the productivity of
that staple, and had sent a number of thrifty American families into
Mexico and settled them at the _mesa_,[8] several miles inland from
Tuxpam. They had cleared up a great deal of land and put out several
thousand coffee-plants. There are many reasons why this crop cannot be
extensively and profitably raised in this part of Mexico,--and for that
matter, I presume, in any other part. Foremost among the many obstacles
is the labor problem. The native help is not only insufficient, but is
utterly unreliable. It is at picking-time that the greatest amount
of help is required, and even if it were possible to rely upon the
laborers, and there were enough of them, there would not be sufficient
work to keep them between the harvest-seasons. It would be totally
impracticable to import laborers; the expense and the climate would
both be prohibitive. Again, the price of labor here has increased
greatly of late years, without a corresponding appreciation in the
price of coffee.[9]
Public-domain text, read in full here on John Shaqi.
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