The Birmingham age-herald., 1913-12-17

Mexico City, December 16.-ln addition
to the locomotives, cars and other rail-
road equipment captured by the rebels
at Tampico. it was learned today they
took from the Tampico yards four car
loads of dynamite.
Corrected railway reports say the rebels
secured eight locomotives and enough
cars to make up several trains, including
a number loaded with merchandise. At
the Azazi station, north of Tampico,
which is now in the hands OF the rebels,
there are stored 10000 barrels of oil, which
will serve as fuel for the captured en-
gines. There is no indication here that
the rebels have made any further move
lnent against Tampico.
Fighting without decisive results con-
tinued today around Milpa Alta, in the
federal district a few miles south OF the
capital. This evening the rebels retired
to the broken country about Mount
Ajusco.
Zapata is credited with the statement
that this is part of his plan to harass
the environs of the capital until the
northern rebels arrive for the final siege.
That new movement in the south is
under way, is the information received
by the government. According to the re-
port there is now moving through the
republic of Guatemala a caravan of -
wagons loaded with arms, ammunition
and other war supplies
Mexico City, December 16-Unless the
| government forces acceptance of the notes
| issued by the state banks it is expected
that by noon tomorrow, it will be i'm
possible to redeem one of these in the
| capital.
| Directors of the Banco Central the
| parent institution of the great majority
| of state banks, with the managers of
| the Bank of London and Mexico and the
| National bank, went over the situation
carefully at a meeting of the department
of finance this evening, but the only de-
cision reached was to continue paying at
the Banco Central only as long as the
| reserve deposits of the state banks lasted
All the state banks have carried with
the Banco Central amounts calculated to
be sufficient to protect the notes circulat-
ing here. The refusal of other banks to
redeem them sent thousands of persons
who held state bank notes to the Central
bank today where the funds for redeem
| ing the notes of six state banks were
soon exhausted.
Fearing to continue payment, the banla
management closed its doors this after
| noon, pending a possible arrangement.
The drain on the deposited reserves of
the remaining state banks has been heavy
and it is realized that the bank will soon
run out of funds if it reopens tomorrow.
1t was explained tonight by the man
agement of the National bank that this
| does not affect the sovency of the parent
| institution or necessarily of the state
banks. Each individual concern may or
| may not be able to meet it's obligations,
| but the conditions made it impossible to
continue the chain-like support
Bank Reported Embarrassed
! Rumors that the Central bank finds it.
self Embarrassed, may have the effect
of causing still further embarra ssment,
| but these rumors are denied by the man.
ayers.
Business men are fearful that these
| ruinors will cause drains on the state
| banks. 1t is expected. however, that per-
haps, majority of these are wholly in
| solvent, and that when the notes out of
their territory, are returned they will
| be paid at their face value.
| In spite of the fact that the public ha $
| been chary about accepting the state
| bank notes and their almost total repudi-
alton, enormous numbers of them are in
| circulation. Mercantile houses posted no.
| tices they would not accept them and
the lines which formed before the doors
of the Central bank extended far down
, the street. and at times gave the police
some trouble in maintaining order.