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Don Luis Terrazas Mexican Cattle King & Millionaire
Don Luis Terrazas Mexican Cattle King & Millionaire
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Kindle version of vintage magazine article originally published in 1902. Contains lots of great info and illustrations seldom seen in the last 110 years.
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The value of the Terrazas estate is estimated all the way between $200,000,000 and $300,000,000. Mexican money: Don Luis is undoubtedly the richest man in the state of Chihuahua and among the richest of the republic. One would think that such interests as these would be sufficient to absorb the attention of one man. Not so, for his ranches, his cattle, his sheep and his horses are but a part of the great financial interests which Don Luis Terrazas possesses. He is the heaviest stock holder in the Banco Minero of Chihuahua; in the Agricultural and Mortgage Bank, City of Mexico; in the Banco Central Mexicano, the Anglo-Mexican Banking Company of the same city and of the Mercantile Bank of Monterey. He holds a controlling interest in the Chihuahua woolen mills, flour factory, clothing factor, street car system and brewery and is one of the largest owners of the Chihuahua & Pacific Railway, which is the best built railroad in the republic.
In short, Don Luis Terrazas is one of the most influential men in Mexico, a close friend of President Diaz and a power financially and politically. To an American it is almost inconceivable that such a man is very little known even in his own country. Outside of the state of Chihuahua, Don Luis Terrazas has comparatively small renown, despite the fact that he has been a history maker for his nation and was in the thick of public affairs for more than a quarter of a century when no man of prominence in Mexico knew whether his head would rest on his shoulders the following day.
Millionaires in Mexico have a vastly different existence than in the United States, when it comes to the matter of publicity. There are many men in the republic whose wealth passes the $50,000,000 mark and still they are almost unknown outside the state where they reside. This is largely accounted for by the fact that the press of Mexico does not chronicle the doings of million¬aires as they are chronicled in the press of the United States. When a man becomes the possessor of many millions his name is not made a by-word from end to end of the country. If one-tenth of what is written about the prominent millionaires of this country were to be written of the millionaires of Mexico, the prisons would be filled with newspaper and magazine editors and publishers. Libel laws in the southern republic are not things to be trifled with; and it is the easiest country in the world in which to break into jail and one of the hardest in which to get out. Once in jail in Mexi¬co and the victim must prove that he ought to be out. His accuser is not expected to prove that he ought to be in.
Read excerpt -
The value of the Terrazas estate is estimated all the way between $200,000,000 and $300,000,000. Mexican money: Don Luis is undoubtedly the richest man in the state of Chihuahua and among the richest of the republic. One would think that such interests as these would be sufficient to absorb the attention of one man. Not so, for his ranches, his cattle, his sheep and his horses are but a part of the great financial interests which Don Luis Terrazas possesses. He is the heaviest stock holder in the Banco Minero of Chihuahua; in the Agricultural and Mortgage Bank, City of Mexico; in the Banco Central Mexicano, the Anglo-Mexican Banking Company of the same city and of the Mercantile Bank of Monterey. He holds a controlling interest in the Chihuahua woolen mills, flour factory, clothing factor, street car system and brewery and is one of the largest owners of the Chihuahua & Pacific Railway, which is the best built railroad in the republic.
In short, Don Luis Terrazas is one of the most influential men in Mexico, a close friend of President Diaz and a power financially and politically. To an American it is almost inconceivable that such a man is very little known even in his own country. Outside of the state of Chihuahua, Don Luis Terrazas has comparatively small renown, despite the fact that he has been a history maker for his nation and was in the thick of public affairs for more than a quarter of a century when no man of prominence in Mexico knew whether his head would rest on his shoulders the following day.
Millionaires in Mexico have a vastly different existence than in the United States, when it comes to the matter of publicity. There are many men in the republic whose wealth passes the $50,000,000 mark and still they are almost unknown outside the state where they reside. This is largely accounted for by the fact that the press of Mexico does not chronicle the doings of million¬aires as they are chronicled in the press of the United States. When a man becomes the possessor of many millions his name is not made a by-word from end to end of the country. If one-tenth of what is written about the prominent millionaires of this country were to be written of the millionaires of Mexico, the prisons would be filled with newspaper and magazine editors and publishers. Libel laws in the southern republic are not things to be trifled with; and it is the easiest country in the world in which to break into jail and one of the hardest in which to get out. Once in jail in Mexi¬co and the victim must prove that he ought to be out. His accuser is not expected to prove that he ought to be in.
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