Ernesto Madero

Ernesto Madero Farías (12 October 1872 – 2 February 1958) was a Mexican banker who served as Secretary of Finance in the cabinet of President Francisco León de la Barra, and in that of his nephew, President Francisco I. Madero.[2][1]

Ernesto Madero
Mexican Secretary of Finance
In office
22 May 1911 – February 1913[1]
PresidentFrancisco I. Madero
Preceded byJosé Yves Limantour
Succeeded byToribio Esquivel Obregón
Personal details
Born
Ernesto Madero Farías

(1872-10-12)12 October 1872
Parras, Coahuila[1]
Died2 February 1958(1958-02-02) (aged 85)
Mexico City[1]
Resting placeFamily crypt at the Spanish Cemetery of Mexico City[1]
NationalityMexican
RelationsFrancisco I. Madero, Gustavo A. Madero, Emilio Madero, Raúl Madero (nephews)[2]
Parent(s)Evaristo Madero Elizondo and Manuela Farías Benavides[2]
Alma materJohns Hopkins University and HEC Paris[1][2]

He was born in Parras, Coahuila, in 1872, as the eldest of the eleven children of Evaristo Madero Elizondo, governor of Coahuila, and his second wife Manuela Farías Benavides, daughter of Juan Francisco Farías, founder of the Republic of the Rio Grande.

He studied at the Johns Hopkins University in the United States and then mining engineering and economics at the École des Haute Etudes in Paris.[3]

Back home, he managed several of his family's companies, including mines, wineries, industries and agricultural assets. He was part of the first board of the Fundidora de Fierro y Acero de Monterrey S.A as well as director of the Banco de Nuevo León, based in Monterrey.

He belonged, alongside his relative Rafael L. Hernández (Secretary of State of President Francisco Madero), to a group led by José Yves Limantour (Secretary of Finance of President Porfirio Díaz).

He defended his family's interests when his nephew Francisco Madero took arms against President Porfirio Díaz, giving detailed account of his family's extensive assets.[4]

In 1911 he was named Secretary of Finance in the government of Francisco León de la Barra, which immediately succeeded the presidency after the fall of General Porfirio Díaz. When his nephew Francisco Madero succeeded the presidency after democratic elections, he was confirmed in his position, in which he remained until the Ten Tragic Days and the president's assassination.

He married Leonor Olivares Tapia (with issue).

References
  1. "Ernesto Madero Farías". Galería de secretarios (in Spanish). Secretaría de Hacienda y Crédito Público. Retrieved 25 September 2014.
  2. Méndez Reyes, Jesús (2002). "La administración hacendaria de Ernesto Madero Farías". In Ludlow, Leonor (ed.). Los secretarios de hacienda y sus proyectos, 1821-1933 [The secretaries of finance and their projects, 1821-1933] (in Spanish). Mexico City, Mexico: Universidad Nacional Autónoma de México. pp. 250–270. ISBN 9789703202850. OCLC 469792600. Retrieved 25 September 2014.
  3. Méndez Reyes, Jesús. ""La administración hacendaria del ingeniero Ernesto Madero Farías (1911-1913)"" (PDF).
  4. Guerra, Manuel. "Los Madero y el financiamiento de la Revolución Mexicana en 1910". {{cite journal}}: Cite journal requires |journal= (help)


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