Business: Enough for Mexico Too

With appropriate fanfare the State Department last week announced a six-point agreement with Mexico to aid in rehabilitating her dilapidated railroad system. Consisting of some 15,000 miles of mostly lightweight rails, and largely built in the 19th Century, this system has long looked like a joke to U.S. railroaders. It can no longer be so regarded.

The U.S. now counts upon Mexico for 45% of its requirements of graphite, 33% of its antimony, 40% of its sisal and henequen, 19% of its lead, a growing portion of its lumber (particularly mahogany, for plywood planes), plus important fractions of its needs for molybdenum,...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!