The Thibodaux sentinel. (Thibodaux, La.) 1905-1912, 1911-06-24
MExICO'S FINANCES SOUND
{. MADERo DISCUSSES RAILWAY
AND RESERVE FUNDS.
Two Pacifying Expeditions, One Goes
Again Orozco and the Other
Against Yaqui Indians.

City Of Mexico.-Notwithsta
the losses incurred by the Nationa
railways of Mexico as the result of tn
revolution, a dividend of 4 per cen
on preferred stock will be paid a
usual, said Ernesto Madero, the nev
minister of finance. Saturday, whil'
discussing a story prevalent that thu
government proposed to sell it's stool
in that company. The minister de
MED the story, adding that such &C
ton could not be taken without spe
cial legislative authority.
/ THAT congress will enact such E
4 law" said he, lis something for which
| there is no basis for believing.
ut is true that the railroads have
suffered much by the paralyzation Of
traffic and by the destruction of theil
branches, and during the month OF
May alone the loss in earnings was
more than 100000 pesos when com
pared with the month of May last year
and yet the financial condition is such
that there will be no difficulty in
meeting the interest on bonds"
Regarding the depreciation of Mexi.
can bonds on foreign markets, Mr..
Madero declared that the quotations
have been lowered but little, and ex-
pressed the opinion that they would
speedily resume their position in the
list.
"The reserve funds Of the govern
ment," said he, ARE such that the in
terest and amortization of the national
debt can be maintained for many
years. Without mentioning all the re-
serve funds, there is on deposit in the
Bank of England 100000 pounds
sterling which could be used any min
ute for the payment of interest.
$50 far as the general economic sit
uation is concerned, / believe that
soon there will be experienced a re-
vival of business, mining, industrial
and agricultural, that will be reflect
ed at the end of the fiscal year in the
settlement of the national treasury"
One drain which the treasury is now
sustaining is the payment of wages to
former revolutionary troops.
Among the men who were leaders
Of the revolution in the SOUTH" said
Madero, there are many who would
not accept single cent Sobrino,
Gavria and others, not even as COM
mon soldiers, have asked any reward
whatever, and l believe that there are
many others who led insurrecto troops
who will display the same attitude
A plan to relieve the embarrassing
situation in Chihuahua. where a con-
flict between the insurrecto forces I'M
der Orozco and the federals has been
feared, will be put into effect imme-
diately. Orders have been issued by
the war department to General Cor
dillo Escudero with a thousand men
to leave Chihuahua at once for Ell
Paso en- route to Lower California.
incidentally this will also relieve a
certain appearance of Impotence on
the part Of the United States authori-
ties relative to the passing of these
troops through American territory.
The delay is said to have been attribu-
table in some degree to a feeling of
pride on the part of war department
to the extent that they wished
to clothe their men in new uniforms
before starting them out. Now, how
ever, everything is said to be ready
for the campaign.
Another body of federals, under COM
mand of General Luque, the hero of
Ojinaga, has been ordered to proceed
to Sonora to assist in pacifying the |
Yaqui Indians, who have been showing
a spirit of INSTRUMENTATION.