Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1913-12-22
north MEXICO
IN CONTROL
OF REBELS
VILLA LOOKS FOR NO FURTHER
TROUBLE FROM The FEDERALS.----
MERCADO RESIGNS and CASTRO,
FORMERLY AT JUAREz, SUCCEEDS
IN COMMAND.
ORDER Being SLOWLY
RESTORED IN NORTH
\ \ * \ = X X = s X = < \ x

\ \ = y = y X y = X y = y \
Y Mexico City, Mex. Dec. o. \
y The Bank of London and Mexico y
\ closed its doors today. y
' BY presidential decree issued =
y this afternoon every day, lnclud- \
y ing today, until the end of the \
y present year is made legal holi- y
y day in order to check the run on y
\ the banks here, particularly that \
y on the Bank of London and Mex y
y leo. y
y On the PRONUNCIATION of this y
y decree the Bank of London and y
= Mexico opened its doors but re- \
\ Trained from paying depositors. y
y s. \ N y = = y TN = =
Mexico City, Mex, Dec. 22--The
bank was unable to get currency with
which to pay depositors and therefore
was forced to suspend. Bankers here
generally agree with the management
Of the bank of London and Mexico in
the opinion that the institution is
solvent and the closing may be only
temporary The bank is believed to
have excellent collateral.
Todays suspension was not due to
lack of assets but to the scarcity of
currency. Silver and gold both have
long been scarce in the country ana
recently state bank bills have been
refused except in the states where
they We're issued.
The London and Mexico bank has
been embarrassed more than have 9th
er concerns because it has for long
time been accepting deposits while
the others have been refusing them.
The depositing public, made nervous
by the general banking outlook, began
on Wednesday last to withdraw mon
ey.
1t is claimed today on behalf of the
London and Mexico bank, that it could
meet the demand " distributing its
reserve but this is impracticable be-
cause it would imperil the standing
OF its bank notes A small crowd
gathered in front of the bank today
but was orderly.
Second Largest in Mckee.
New York, Dec. 22.--Accordihg to
New York bankers, the business of the
Bank of London AID Mexico was chief
iy of commercial character. i did
not represent the Mexican govern
ment in the matter of loans to any
great extent 1t vas rated as the Sec
oild largest institution Of the republic,
however, having, according to latest
available reports, held about S}0,000,-
000 in deposits. It's capital was about
S22, 100000 and its surplus and profit
account $16,000,000.
Chihuahua, Mex, Dec 22.-Rebel
control of telegraph and railroad COM
south and west of Chihua-
hua, today had reached point where
General Villa believed he would be
safe to any attack by the few federal
troops remaining in the north. AS the
to communication, General Villa be-
lieves the rebel forces are becoming
more united, and that soon the states
Of Sonora, Sinaloa, Durango and Chi
huahua will be free of federal con-
.rol.
Although 1000 federals at Ojinaga
)n the border were reported to be
for action, General Villa be-
ieved that they would be unable to
10 more than destroy the railroads in
, campaign of guerrilla warfare.
Villa said Chihuahua was too well
ortified to fear an attack.
The report that General Mercado
lad fled across the border was re-
;arded here as the beginning of the |.
breaking up of the federal troops. /
This city. next to Monterey the
most important in the north, is Il
Gene of desolation, occasioned by its |
ong siege and subsequent sacking by
he rebels. No other large city in
Iexico is more destitute.
The stores, now sealed up against
urther looting, are almost empty. The
liter in the streets betrays the haste
With which the federals took what
hey could carry before they fed, and
lso the eagerness with which the
ebels entered the shops to obtain
,hat was left OF food or clothing.
The streets have been placarded
nth notices that crimes, ordinarily
onsidered trivial, would be punished
18th execution.
General Villa, who can neither read
or write, exercised all the functions
( government from the state capital
Mercado Resigns.
Presidio, Texas, Dec. 22.-United
tates troops patrolling the border
'ere watching today for General Sal.
ador Mercado, deposed commander
the Mexican federal troops, who
-as reported to have crossed to the
merican side from Ojinaga, possibly
l. =, 1y;ox, to me 1ripr bic ,vo,, fo Nav. 4