Oaxaca ex-President Diaz is said to have paid over a million of dollars; on another the appliances alone cost a million. The revenues of Mexican proprietors have been heretofore devoted to the purchase of more real estate, or loaned out at interest; at any rate, "salted down" in some such way as to be of little avail in setting the wheels of industry in motion.
Before adopting, however, the conventional view that this state of things is due to inferiority of race or enervating climate, considerations on the other side are to be looked at. In the first place is the revolutionary condition of the country, which until a recent date subjected the citizen who ventured to place his property beyond his immediate recall to a thousand embarrassments from one or another of the contending parties. Such immunities and advantages as there were, were enjoyed by foreigners alone, under the protection of their diplomatic representatives.
Again, there have been peculiar inequalities of fortune, coming down from the old Spanish monarchical times. There has been at one extreme of society a class too abject, and at the other, one in too leisurely circumstances, to greatly aspire to farther improvement, and the middle class has been of slow formation. The difficulties in the way of travel and communication with foreign parts for the middle class, from the bosom of which financial success chiefly springs, have been of a repressive sort.
The climate, of the central table-land at least, must not be considered enervating. One must lay his ideas of climate, as depending upon latitude, aside, and comprehend that here it is a matter of elevation above the sea. Individual Mexicans are to be met with who, under the stimulus of the new feeling of security, have embarked their capital, put plenty of irons in the fire, and appear to
