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 Francisco Ignacio Madero González (; 30 October 1873 – 22 February 1913) was a Mexican businessman, revolutionary, writer and Public figure, statesman, who became the 37th president of Mexico from 1911 until he was deposed in Ten Tragic Da ...

. He was born in

Parras Parras de la Fuente () is a city located in the southern part of the Mexican state of Coahuila. The city serves as the municipal seat of the surrounding Parras Municipality, which has an area of 9,271.7 km2 (3,579.8 sq mi). At t ...

Coahuila Coahuila (), formally Coahuila de Zaragoza (), officially the Free and Sovereign State of Coahuila de Zaragoza ( es, Estado Libre y Soberano de Coahuila de Zaragoza), is one of the 32 states of Mexico. Coahuila borders the Mexican states of N ...

, 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 ''Juan'' is a given name, the Spanish and Manx versions of ''John''. It is very common in Spain and in other Spanish-speaking communities around the world and in the Philippines, and also (pronounced differently) in the Isle of Man. In Spanish, t ...

, founder of the Republic of the Rio Grande. He studied at the

Johns Hopkins University Johns Hopkins University (Johns Hopkins, Hopkins, or JHU) is a private university, private research university in Baltimore, Maryland. Founded in 1876, Johns Hopkins is the oldest research university in the United States and in the western hem ...

in the United States and then

mining engineering Mining in the engineering discipline is the extraction of minerals from underneath, open pit, above or on the ground. Mining engineering is associated with many other disciplines, such as mineral processing, exploration, excavation, geology, and ...

and

economics Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and intera ...

at the École des Haute Etudes in

Paris Paris () is the capital and most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), making it the 30th most densely populated city in the world in 2020. S ...

. 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 Banco may refer to: Places * Banc (Barcelona Metro), also called Banco, a closed metro stop on the Barcelona metro * Banco, Virginia, an unincorporated community * Banco, West Virginia, an unincorporated community * Banco National Park, a nation ...

, based in

Monterrey Monterrey ( , ) is the capital and largest city of the northeastern state of Nuevo León, Mexico, and the third largest city in Mexico behind Guadalajara and Mexico City. Located at the foothills of the Sierra Madre Oriental, the city is anchor ...

. He belonged, alongside his relative Rafael L. Hernández (Secretary of State of President

Francisco Madero Francisco Ignacio Madero González (; 30 October 1873 – 22 February 1913) was a Mexican businessman, revolutionary, writer and statesman, who became the 37th president of Mexico from 1911 until he was deposed in a coup d'etat in February 1 ...

), to a group lead by

José Yves Limantour José Yves Limantour Marquet (; 26 December 1854 – 26 August 1935) was a Mexican financier who served as Secretary of the Finance of Mexico from 1893 until the fall of the Porfirio Díaz regime in 1911. Limantour established the gold standa ...

(Secretary of Finance of President

Porfirio Díaz José de la Cruz Porfirio Díaz Mori ( or ; ; 15 September 1830 – 2 July 1915), known as Porfirio Díaz, was a Mexican general and politician who served seven terms as President of Mexico, a total of 31 years, from 28 November 1876 to 6 Decem ...

). He defended his family's interests when his nephew

took arms against President

, giving detailed account of his family's extensive assets. 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

. When his nephew

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

1872 births 1958 deaths People from Parras, Coahuila Mexican Secretaries of Finance Mexican bankers {{Mexico-politician-stub