Evening Republican, Volume 17, Number 216, Rensselaer, Jasper County, 10 September 1913 — HAS RAILROAD CONTROL. [ARTICLE]

HAS RAILROAD CONTROL.

Mexico Holds 51 Per Cent of Btock of National Lines. Mexico City, Ilex. —The recurrence of rumors of the passing of the control of the stock of the National Railways of Mexico from the hands of the government to those of certain financial Interests In New York met with an authoritative denial from the office of the company. The denial waa concurred in by Ernesto Madero, Minister of Finance. Attention was called to the taot that E. N. Brown, president of the corporation, who was recently In New York City, affirmed there was no foundation for the report It is a matter of record, too that the government controls some 51 per cent, of the stock, which is registered and deposited with the National Treasury. This makes tt Impossible for any one to obtain control without the consent of the government, which can only be given by a special act of the Mexican Congress. There is no move of any nature on foot to secune control for bankers or’ financiers, either la New York City or elsewhere, Railway oondHions In Mexico are especially growing better on all lines and especially Is this true of national lines the earnings of which show a rapid recovery since the revolution ended. In June, one month after the restoration of peace, the earnings indicated a decrease of 12 per cent over the previous June, in July and August the Increase over the corresponding months a year ago were 1 and 3 per cent, respectively. This is noteworthy because the earnings in each of these monthß lc.st year were in excess of six million pesos.