æz sˈɛkɹətɹi ʌv fˈaɪnæns, hiː ɛkspˈændᵻd fˈɔːɹən ɪnvˈɛstmənt ˌɪntʊ mˈɛksɪkˌoʊ, səpˈoːɹɾᵻd fɹˈiː tɹˈeɪd, ænd bˈælənst ðə bˈʌdʒɪt fɚðə fˈɜːst tˈaɪm ænd dʒˈɛnɚɹˌeɪɾᵻd ɐ bˈʌdʒɪt sˈɜːplʌs baɪ wˈʌn θˈaʊzənd ˈeɪthˈʌndɹɪd nˈaɪnti fˈoːɹ.
As Secretary of Finance, he expanded foreign investment into Mexico, supported free trade, and balanced the budget for the first time and generated a budget surplus by 1894.