Mexico -- Commerce; Mexico -- Economic conditions; Mexico -- Politics and government -- 1910-1946
In the four years that the Reguladora corner lasted, more than
$200,000,000 in advanced prices were taken from American buyers, an
average advance of more than 200 per cent. Thus, granting a legitimate
doubling of the price of the fiber in keeping with the doubling of the
costs of other commodities in this period (1915-1919), the accepted
figure of $112,000,000 of direct loot through the Alvarado henequen
corner may be taken as literally true. And this was loot that never
reached either the cruel hacendados who owned the farms or the workers
who furnished the labor for the creation of the product. All this and
more went into the bottomless pit of Mexican revolutionary graft.
This henequen corner was, it must be remembered, created in the name
of socialism and the salvation of the downtrodden peon. Along with it
went a mass of other activities, wherein the funds derived from the
sale of henequen at the advancing prices were turned to schemes of
ostensible government ownership, socialization and coöperation. Before
even the hacendados were given the 4 cents a pound guaranteed them
as first payment against the great profits to come from the “corner,”
the Reguladora funds were invested in the purchase of the state
railways, at prices to this day unknown. These funds also financed the
organization of the _Compañia de Fomento del Sur-Est_ (Development
Company of the South-East) and bought nine old Mexican coasting
steamers at a cost of $4,000,000 so that the socialists of Yucatan
might not be dependent on capitalistic steamship lines. The Reguladora
also financed the drilling of oil wells, and built a flock of tanks
to contain the oil--which never came out of the ground. It also built
a railway, confiscating therefor, “for the common good,” one-tenth of
all the rails and equipment of the private plantation railways on the
henequen farms; in a few months it sold this railway to a favorite for
$150,000, a tenth of its cash cost, payable in ten years.
The _Cia. de Fomento del Sur-Est_ entered upon the business of
relieving the oppressed proletariat from the wicked prices for the
necessities of life fixed by capitalistic grocerymen. It bought its own
supplies in the United States, transported them in its own steamers,
and sold them--for more than the current retail rates! The proletariat
did not benefit from any of these schemes, but the government henchmen
who bought in the United States, and those who sold in Yucatan, waxed
fat and comfortable, although remaining firm and loyal socialists to
the end.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account