MEXICAN STATE OFFERS HOME TO RUSSIAN PEOPLE.
BY NORMAN WALKER.
Chihuahua City, Mex., Sept. 23. - [Special.] - A colonization project to place Russian immigrants on the famous estates of Gen. Louis Terrazas is now being considered here and a deal involving more than 15,000,000 acres of land in Chihuahua state is under consideration, according to bankers and American real estate people here.
The plan is said to have the backing of the National City bank of New York, the Guaranty Trust company, and the Mines and Metals bank, also of New York. A company to be known as the International Development corporation, with headquarters in New York, is said to be in process of formation to finance this project, which will involve 20,000,000 pesos.
Other New York interests are arranging to sink test wells for oil in the Ojinaga district opposite the big bend of Texas and an extensive lead-silver mine is being opened near here by a Louisiana oil syndicate.