The Elk Mountain pilot., 1913-07-31
AMBASSADOR DICTATES FOUR
HOURS ON SUMMARY OF
MExIco's CONDITIONS.
BIG BANKS ToTTERING
NATIONAL RAILWAYS AT END OF
RESOURCES; FRENCH LOSS
$3.50, ,ooo, 10000.
Western Newspaper Union News Service.


Washington.-The economic situa-
ton in Mexico must be remedied IL
there Is to be permanent peace. Nei-
ther 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
bandit warfare, revolution and starva-
tion 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 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 1t is stated that there Is
only one real, bona fide revolution in
Mexico, and that this is the one In
Sonora.
Ever-Increas,na Deficit.
Wilson declares that outward indica-
tions 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 terms
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 in
this city. He explained the revolu-
tionary operations and dealt at length
with this phase of the matter in bis
report to the President. This report
will be gone over with President VIII
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 statement attrio-
uted to him to the effect that his stay
in this city was costing Secretary
Bryan $500 a day in lecture receipts
was a lie, manufactured out of whole
cloth.
Questions to Answer.
How can this government best aid in
restoring peace in Mexico?