Identifier: mexicotodaytomor00vinc (find matches)
Title: Mexico today and tomorrow; an outline of the present earning power and future possibilities of her railroad systems. Facts, figures and suggestions regarding the principal traffic producing centers
Year: 1906 (1900s)
Authors: Vincent, Ralph Waterman
Subjects: Railroads
Publisher: (New York?)
Contributing Library: The Library of Congress
Digitizing Sponsor: The Library of Congress

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of the companysNassau street building in New York. In the Mutual Lifebuilding here may be found the offices of the passengertraffic manager, freight traffic manager and industrial agentof the Mexican Central Railway Company. Adjoining thi-;building is the new post office building, which is nearingcompletion. It also is a handsome structure and consider-ably larger than its next door neighbor. Directly acrossthe street from the two buildmes work was recently begunon the new National Theatre building, which is expectedto be the finest structure of the kind in all Mexico. I amtold that it will be the first building in the city to be builtof marble. Several articles might be written regarding the real es-tate and building business in this centre. Land values, theprices of houses and rents have increased enormously,Ignacio Mariscal, Minister of Foreign Relations in Presi-dent Diazs cabinet, who himself has a beautiful home inone of the most elaborate sections of the city, told me a few 65
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days ago in the course of an interview in his home, that theprices of real estate in Mexico City have increased 250 percent, and rents 300 per cent, during the last ten years. Fer-nando Pimentel, general manager of the Banco CentralMexicano, tells me that the prices of land and property inthe city are still advancing, and that recently there havebeen transfers of property on Plateros and San Franciscostreets (tw^o of the prominent streets in the city) at $400 asquare meter, the highest price recorded for those particularthoroughfares. Another important new building which isgoing up soon is that which the insurance company, LaMexicana, will erect. Among the many improvements which are in progressin the city, and which will be important factors in its de-velopment, is the new water service, which is well in hand.Mr. Pimentel tells me that the new service will give thecity a large surplus of water, and with a pressure that willbe ample for regular use and also in case of fires. The subur

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