Jasper County Democrat, Volume 11, Number 84, Rensselaer, Jasper County, 27 March 1909 — 50,000,000 STEEL CONCERN IN MEXICO [ARTICLE]

50,000,000 STEEL CONCERN IN MEXICO

French and British Capital tn Operate Furnaces and Mines. Mexico City, March 26.—Fifty million dollars In gold will be Invested here and in different parts of the country by French and English capitalists in Iron and steel works. Victor Belanger of Paris and Boston and Thomas A. Boyd of the firm of J. & T. Boyd, owners of the Sheetleston Iron works of Glasgow, are said to be behind the gigantic deal which will be put into effect during the current year To supply the furnace of the mammonth plant that is to be built the inaugurators will buy and operate iron mines In Mexico. The location of deposits has been learned and options have been taken