Rocky Ford enterprise., 1913-08-01
AMBASSADOR DICTATES FoUH
HOURS ON SUMMARY OF
MExIco's CONDITIONS.
BIG BANKS TOTTERING
NATIONAL RAILWAYS AT END OF
RESOURCES; FRENCH LOSS
s250,ooo, 10000.
Western Newspaper Union News Service.


Washington.-The economic situa,
ton in Mexico must be remedied If
there lis to be permanent peace. Mel
Their armed Intervention by the Unit
ed States nor its sister movement me-
diation between the rival factions, will
cure the present conditions. which in
some instances amount to actual an
archy. Until some method Is devised
which will place the finances of the
southern republic on q sound basis,
bandit warfare. revolution and starva-
ton will continue to stalk hand in
hand through the helpless nation.
This. in effect, Is the substance of one
Of the most remarkable reports ever
presented by an American ambassador,
which was dictated by Henry Lane
Wilson. the ambassador t. Mexico, and
which is in the hands of the President
of the United States. The ambassador
was from 10 o'clock Saturday until 2
o'clock Saturday afternoon preparing
this report, which he dictated to a
corps of stenographers. From then on
until nearly o'clock he discussed the
entire situation with Secretary OF
State Bryan.
Bankers Face Ruin.
He told Bryan plainly that during
the last sixty days French investors,
who control the stocks of the two
principal banking systems Of Mexico,
and shares of most of the leading in
dustries, have lost upwards Of $780,
100000 through the depreciations OF
their securities.
Big banks are facing ruin, he said
and the national railways. most OF
whose stock Is owned outside the re-
public. can hardly struggle along under
the strain much longer if a method OF
increasing their revenues cannot be de-
vised For four months their deficit
has been enormous. And every line OF
industry in Mexico is paralyzed, not so
much because of the Internecine war
fare, but because of scarcity of money,
exchange in the City of Mexico being
at the prohibitive figure of 240.
Just how far the ambassador went
with the suggestion that this country
recognize the Huerta government
could not be learned. 1t is known that
in his report it is stated that there is
only one real, bona fide revolution in
Mexico, and that this is the one in
Sonora.
Ever-InereasIng Deficit.
Wilson declares that outward indica
tons are that the Huerta faction is
solid one, with no dissension in the
ranks; but he adds the significant
statement that for nine months the
government has had a deficit-increas
ing with each periodic face,
The conference between the secre
tary of state and the ambassador was
earnest and most harmonious. At the
close each spoke in the highest terTs
of the other.
The ambassador explained to the
secretary that many of the reports OF
insurgent success in Mexico were in
vented by the revolutionary junta III
this city. He explained the revoiu
tionary operations and dealt at length
with this phase of the matter in his
report to the President. This report
will be gone over with President vii
son when the President will have to
take up for solution the following prob
lens:
One of Wilson's first acts was to as
sure his chief that a statement attrib
uted to him to the effect that his stay
In this city was costing Secretary
Bryan $500 day in lecture receipts
was lie, manufactured out of whole
cloth.