The Necessity of large Capitals in Mexico.—The Finances and Revenue.—The impoverished Creditors of the State.—Princely Wealth of Individuals.
Having spoken of the Church, the great power which overawes the government, it is also proper to mention the secondary powers: the men of colossal fortune. In a country like Mexico, whose wealth arises from mines of silver, these immense private fortunes are requisite to the successful development of its resources. Large capitals must be constantly hazarded on the single chance of striking a bonanza, in an adventure as uncertain as a game of monté. The abandoned mine often turns out to be the treasury of an untold fortune to the man who was laughed at for attempting its restoration, while the most promising adventure proves a total failure. The temptations to these adventures are dazzling in the extreme. The ambitious man forgets the shame and irretrievable ruin that follows a failure, and looks only to the chances of winning a title of nobility and "a house full of silver." Men who shun the gambling-table will adventure all on a mine, and in a year or two they have passed from the memory of men, for they have become poor. Again, a man of slender means has become rich in the Mexican sense, which means a man of millions, and then he is at once elevated by his admirers into that brilliant constellation which is the "great bear" of the Mexican firmament.
STATE CREDITORS.
Still, these powerful private individuals prevent the consolidation of any government, whether republican or dictatorial, and put far off that necessary evil, the confiscation of the estates of the Church. If there is a