The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1913-02-17
BANKERS seem
VERY Confident
Mexican Situation Does Not
Alarm those Instrumental
in Placing Loans There.

: New York. Feb. 15.-If there be any
apprehension that the turmoil and
chaotic conditions in Mexico will i'm
peril the national financial
obligations of that republic i'll which
the United States has SO heavily par
ticipatcd, there arc no visible mani
festations of anxiety on the part OF
those in this city who were instru-
mental in placing Mexican loans i'll the
United States.
This country began to participate in
the financing Of the republic of McAi-
CT Is years ago. In 1895. an Amert-
can syndicate underworld Il consider
able portion of Mexican ) per cent cN-
ternal gold loan. the aggregate of
which was, in round numbers, $11O.-
600 1000. We also participated i'll
financing the Mexican 5 per cent con-
s%olidated debt in December. 1889. This
however, was for q small amount
about $4,000
Transactions Have Been Heavy.
Since 1899, American financing has
been occupied with very heavy trans
actions with the republic of Mexico.
In the fall of 1901, American finan-
cicrs underworld the Mexican national
railroad reimbursement plan to tho cX-
tent of $4,000, O0O.
In 1906, it was American capital
chiefly with which $4,000. 900 of Mex
can Central railway refunding notes
were financed.
In July, 1910. American bankers
participated in a 4 per cent. external
loan made by Mexico, the aggregate
bers. * =.
In June, 1909. an American syndi-
cate handled the National Railway of
Mexico prior lien bonds issued at a
rate of Az per cent Interest and in
amount $4,000, 900.
Therefore. in the last Is years.
American capital has participated
and in some cases has heen exclusively
occupied in financing national obliga-
Z tions of Mexico aggrcgating, in num-
~Irs, some $500, 600, 900.
Our bankers seem to be assured that
whatever may he the result of rcvo.
lutions in Mexico these national obli-
cations will be protected.
So far as these bankers are inform
cd there is no great danger that cith-
or principal or interest of these obi
CATIONS will be in default.
Mexico and the Argentine Republic
have been chief of the nations south
OF tho United States that rave APP
preached the American market for
the purpose If placing loans.
In fact. with the single exception Of
American participation in the floating
of about S6.00O,O 900 of securities which
represented Edison companies in Lon
don and in. India. the first great Ven
ture of the United States in the field
of international finance was With the
Argentine republic.
Argcntincs Appeal I q 4. $.
This republic. which has been call
cd the Yankee nation of South Amer
lea, sought in 1884 financial aid from
the United States in marketing about
$50, 600, 900 of Argentine government
bonds. Three years later Argentine
again appealed to the United States
successfully. either directly or through
Great Britain. for assistance In mar
keting nearly $40. OOO. 900 on the bonds
of the Argentine Great Western rail-
road.
1t was about that time that the ma
tionul government of Mexico turned
successfully To tho United States. oith-
or directly or through The invitation
Of British iinanricri. in lie hope that
olr own capital would participate in
tho floating nf nearly $50. O0O, 900 of
Mexican national securities. Then
from time to time Argentine and Men
leo were IN our markets alternately
for funds.