The Washington times., 1913-09-05
NEED S75,OOO,OOO
MEXICAN ROADS
That Much Damage Is Done
During the Regime of Gen.
! eraI Huerta.

Coincident with the announcement
from Mexico City that Signor Zama-
coma, former ambassador to Washing
ten, is coming to this country on a spe-
o3al mission from the Huerta govern
Tnent, II is learned here that important
moves are being made in high financial
CHARTERS with respect to the restoration
q the Mexican railroads TO a condition
OF efficiency and. also with respect to
the granting by American bankers OF
such monetary aid to Mexico as will
enable the republic 70 get on its feet.
Zamacona is one Of the old CIentifico
rrowd about the elder Diaz. He is a
fnancier himself, and there is reason
TO believe he is coming here with spe-
cal reference TO American aid in the
financial restoration of his country.
Meeting of Bondholders.
Within a short time there is to be held
in New York city meeting Of the bond
holders Of the government-owned rail
roads in Mexico. While these roads are
government lines, the real ownership is
N the bondholders, who are mainly
American and Canadian. At the meet
ing or meetings which. according TO re-
liable information here, will soon be
held, a report will be had from one or
more experts who have been in Mexico
and have prepared estimates of the
damage done the properties and the
amount needed to rehabilitate them.
These estimates will show that s75, 900,
GOO is needed to pat the government-own-
cd transportation lines in good condition
for traffic.
Aid For Financiers.
All this is in line with the assurance
which John Lind has conveyed to the
Mexicans that If Huerta eliminates him.
self and steps are taken to bring about
peace and fair elections and thus to es-
tahlish a government this country can
recognize the Administration will en-
courage American fnanciers to lend a
helping and
So far as known here, the steps which
are being taken in financial quarters are
not of White House Inspiration. At the
same time. il is quite apparent that
such financial activities are calculated
TO help along the Administration pro-
there are potent financial interests in
Mexico. In this country, in Canada and
abroad which are working in the direc-
tion Of peace.
1t Is known to be the belief OF some
Df the foremost of the American finan-
cial interests concerned in Mexican rail-
roads that Huerta is going to quit and
not run for President and that Gamboa
IS going to be made president ad in
terirn- The white House processes to
know nothing about the possibilities of
Gamboa succeeding Huerta-
Railroad Outlook.
What the holders OF the bonds of the
Mexican roads are going TO do is not
Known here. but it is obvious that they
cannot do anything until peace is re-
stored. The supposition is that they
tre going to put up the money to re-
store their properties, as that Is the
only way TO save their investments.
Hundreds and hundreds of miles Of
road have been devastated, the ties
burned, bridges and culverts destroyed
rails torn up and buried, tanks, burned.
rolling stock fed to the flames or ruin
ed. But until order has been restored
In Mexico It would be idle TO attempt
30 repair the damage which revolution
iets and banditti have, in months G
depredations, inflicted.