Don Luis Terrazas |
King
of all cattle kings of the world, the largest single land owner on the
American continent, and the most modest, simple hearted millionaire in
Christendom."
This
is what one of the best known bankers in the Republic of Mexico said to
me when I asked him to present me to Don Luis Terrazas, of the city of
Chihuahua. The statement, I learned later, came very near being
literally true. A man who owns in fee simple 8,000,000 acres of the
finest grazing land in Mexico and whose brand marks more than 1,000, 000
head of cattle, half as many sheep and several hundred thousand horses,
can be called the king of cattle kings without stretching a point. When
this same man can read his title clear to between 20,000,000 and
30,000,000 acres of land all told, his right to the distinction of being
the largest individual land owner on the American continent is not in
danger of being seriously questioned. Furthermore, when he resides in a
home so severely plain and unassuming that the passerby would not
dignify it by a second glance, and shuns society and pomp and show and
notoriety as eagerly as many American millionaires seek them, you will
agree that he is possibly the most modest and simple hearted millionaire
in all Christendom.
Facts
and accurate figures regarding Don Luis Terrazas and his interests are
difficult to obtain. It has been the policy of the Terrazas family for
generations not to talk of their affairs with a view to publicity. A
still more cogent reason is to be found in the taxes imposed by the
Mexican government upon the products of land. On all his vast land
holdings this cattle king does not pay one penny of revenue to the
government. Upon every product of his land he pays hearty tribute. The
tax upon cattle is two per cent of their valuation. Add to this thirty
per cent of the two per cent which is imposed for revenue stamps, and
the burden falls somewhat heavily. As a rule, Mexicans think it no
offense against morals or good breeding to conceal facts from the tax
gatherers, and in this they are no whit better nor worse than the
American tax dodger. Accordingly, it is an impossible task in Mexico to
obtain anything like exact figures regarding the possessions of men of
wealth. This accounts for the widely diverging stories which have been
told about the wealth of the Terrazas family. One member of the family
assured me that the entire land holding amounted to no more than 1,000
stitios or about 15,000 acres and evidently believed that I believed
it. Good authorities assured me that the amount was fully 28,000.000
acres, while the best informed said: "No one outside the Terrazas family
knows."
Quinta Carolina, summer home of Don Luis Terrazas |
There
is one fact, however, that is patent and gives some idea of the almost
limitless extent of the Terrazas land holdings. The traveler has no more
than left a Chicago, Rock Island & Pacific car at El Paso, on the
border, and taken a seat in a Mexican Central train, before he is on the
estate of Don Louis Terrazas, and the largest cattle ranch in the
world. All day he rides at express speed and still it is Terrazas' lands
which meet his gaze from the Pullman car window and Terrazas' cattle
and sheep and horses that are fattening on the rich para grass. No one
has taken the trouble to ascertain the exact area of this the largest
single ranch in the world. You ride through it on the train for a
distance of 150 miles, and it varies from 100 to 200 miles east and
west. Estimates of its size vary from 2,000,000 to 8,000,000 acres, and
I am inclined to believe that the first figure is the nearer correct.
The vastness of Terrazas' land holdings inspires the average man with
awe. It is almost incomprehensible.
In
various parts of the state of Chihuahua, Terrazas has ten mammoth
ranches upon which are constantly employed fully 10,000 men. These
ranches cover large portions of the districts of Iturbide, Galeana,
Bravos and Guerreo. Fully 100,000 acres of his estate are under
cultivation.
Every
twelve months there is marketed from these ranches between 100,000 and
150,000 head of cattle, which average in price between $20 and $40 per
head, and fully half as many sheep and horses.
Entrance to Quinta Carolina |
The
value of the Terrazas estate is estimated all the way between
$200,000,000 and $300,000,000. Mexican money: Don Luis is undoubtedly
the richest man in the state of Chihuahua and among the richest of the
republic. One would think that such interests as these would be
sufficient to absorb the attention of one man. Not so, for his ranches,
his cattle, his sheep and his horses are but a part of the great
financial interests which Don Luis Terrazas possesses. He is the
heaviest stock holder in the Banco Minero of Chihuahua; in the
Agricultural and Mortgage Bank, City of Mexico; in the Banco Central
Mexicano, the Anglo-Mexican Banking Company of the same city and of the
Mercantile Bank of Monterey. He holds a controlling interest in the
Chihuahua woolen mills, flour factory, clothing factor, street car
system and brewery and is one of the largest owners of the Chihuahua
& Pacific Railway, which is the best built railroad in the republic.
In
short, Don Luis Terrazas is one of the most influential men in Mexico, a
close friend of President Diaz and a power financially and politically.
To an American it is almost inconceivable that such a man is very
little known even in his own country. Outside of the state of Chihuahua,
Don Luis Terrazas has comparatively small renown, despite the fact that
he has been a history maker for his nation and was in the thick of
public affairs for more than a quarter of a century when no man of
prominence in Mexico knew whether his head would rest on his shoulders
the following day.
Millionaires
in Mexico have a vastly different existence than in the United States,
when it comes to the matter of publicity. There are many men in the
republic whose wealth passes the $50,000,000 mark and still they are
almost unknown outside the state where they reside. This is largely
accounted for by the fact that the press of Mexico does not chronicle
the doings of millionaires as they are chronicled in the press of the
United States. When a man becomes the possessor of many millions his
name is not made a by-word from end to end of the country. If one-tenth
of what is written about the prominent millionaires of this country were
to be written of the millionaires of Mexico, the prisons would be
filled with newspaper and magazine editors and publishers. Libel laws in
the southern republic are not things to be trifled with; and it is the
easiest country in the world in which to break into jail and one of the
hardest in which to get out. Once in jail in Mexico and the victim must
prove that he ought to be out. His accuser is not expected to prove
that he ought to be in.
Patio in Terrazas' home |
In
all Mexico there are about 50,000,000 acres of rich grazing land. Not
more than one-fifth of it is in use. Ten years ago very little of it was
in use and five years ago not more than one-twentieth had herds
roaming over it. Ten years from now, with the present percentage of
increase in the cattle industry, every acre of it will be teeming with
fattening herds and grazing land will be at a premium. This may appear
somewhat optimistic, but the industry is increasing at the rate of
between twenty and twenty-five per cent yearly and such powerful
advocates as Don Luis Terrazas are showing the government and the people
what Mexico's grazing lands mean to Mexico. Cattle men of our southwest
see in Mexico a serious menace to their industry. At present about
seven per cent of the Mexican cattle are sent to the United States, and
exportation is being greatly facilitated through the efforts of the
officials of the Rock Island and Mexican Central railroads, which are
making extremely favorable rates. The percentage of cattle exports is
rapidly increasing.
No
man in the republic has done so much as Senor Terrazas to foster and
promote the cattle industry. He induced the government to remove the
tax on blooded cattle and has since been importing blooded bulls from
the states by the car load. In this way the grade of his stock has been
steadily improving until his ranches are filled with as fine cattle as
any ranch in the great southwest of our own country. Another dream which
Don Luis expects to realize is to teach Mexico the value of dressed
meats. Mexicans are the greatest meat eaters on earth, but they kill
their beef one hour and eat it the next. Don Louis has begun his
campaign by erecting in Chihuahua a large modern packing house, the
first and only one in the republic. Soon he will have another in the
city of Mexico.
The
Chihuahua packing house has a capacity of 1,000 cattle, sheep and hogs
daily; it is conducted by American foreman and American workmen and has
all the conveniences of a modern institution of the kind in the United
States. Canned goods are manufactured there and put in cans made in the
establishment. From the packing industry Don Luis expects much in the
next decade.
Terrazas' Packing House, the only one in Mexico |
Not
far from the site of the packing house and but eight miles from the
city of Chihuahua stands Quinta Carolina, the summer home of the
Terrazas family and, next to Chapultepec, the most famous castle in the
republic. It cost nearly $2,000,000 and is built of exquisitely
beautiful marble brought from far off Italy. Inside and out, the castle,
which is of Swiss architecture, is of marble. The inside presents
richness and beauty rarely met with even in homes of millionaires.
Workmen from Europe were brought over to decorate the walls and
ceilings, and the marts of Europe were ransacked to provide the
furnishings. The garden upon which the castle fronts is one of the most
beautiful in the republic, which is a republic of flowers and flower
gardens. The castle was built by Don Luis for the son who will succeed
him as the head of the family and, although he goes there to live at the
beginning of the rainy season, the home is not so dear to him as his
modest city dwelling.
Don
Luis Terrazas is essentially a home man. His time is spent either with
his family or on his ranches. This sturdy man of millions is
seventy-three years of age, but he still retains and, more than this,
countless thousands of acres of land which are not now available for
grazing purposes will be redeemed.
In
his habits Terrazas is as simple as most millionaires are the reverse.
He has few joys apart from his own family. He rarely goes out to
entertainments, is fond of books, especially fond of history and is a
consummate horseman. He is charitable, has built several churches and is
the idol of the poor in the state of Chihuahua. His family consists of
twelve-children, eight of whom are men. Luis Terrazas will be his
successor and is now in nominal charge of the ranch entire general
supervision of his vast interests. The day after 1 reached Chihuahua he
started on a trip of personal inspection which was to cover every mile
of his vast landed possessions. He has an amazing capacity for detail
and knows to a penny what is expended monthly upon every ranch and what
revenue each brings. Just now he is intent upon problems of irrigation.
Recently he has constructed four reservoirs at a cost of nearly
$300,000 and expects to equip his entire lands with them where they are
needed. In dry seasons thousands upon thousands of Don Luis' cattle and
sheep die of starvation. Soon this will be impossible; interests.
Frederico Terrazas, another son, lives with him and has charge of his
banking interests. The family is truly a remarkable one. Early in the
present year there was a family reunion and there sat at the table or
were carried in arms exactly one hundred children and grandchildren of
Don Luis and Senora Terrazas. Before the dinner was over Don Luis
received word that another grand-child had been presented to him. This
remarkable millionaire believes in Americanism and in the beneficial
effects of the "American invasion" of Mexico. It is one of his keenest
regrets that he does not speak English, and he has taken care that his
sons shall not feel the same regret. Every one of the Terrazas boys and
some of the girls received their education in the United States. Some
attended Notre Dame, others a college in St. Louis.
In
the future of the Mexican republic Don Luis has implicit faith. With a
government of wisdom and broad mindedness such as the Mexicans have had
for a quarter of a century, he assured me, the republic is destined to
take her place among the world powers.
View of ranch from top of Packing House |
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