New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-29
PREDICT HUERTA FUNDS
WILL LAST 4 MONTHS
Only S15,000,000 Left Out of
S80,000,000 Mexican Loan
Secured 80 Days Ago.
JAPAN TO FURNISH ARMS
Much Criticised Compulsory
Military Service Order, Set
for June /, Postponed
Till December !

NtNl'o lily. June -5.-lne expenditure
Of the money borrowed by Mexico In the
latter part Of May. about 200. 600 OOC
pesos. is not going to he at all diiAcult
According TO reliable information. some
thing like SIS. 100000 gold already has
been disbursed, and there remains on
hand not more than s24,O00.O0O gold
The loan was placed at 90. and a com
mission OF at least per cent was paid
leaving the total amount actually avail
able not more than $50 900. 600 gold
The ;56ooO,OOO already paid out is &C
counted for roughly by s21.oOO,OoO re-
turned to New York bankers in the shape
Of bonds and s35.oOO,O 900. TO the National
Bank for the payment OF accounts in
Paris and London and other pressing
claims or the remaining s2f.OO0,00
the government has promised to pay
s.. 0oo. 600 for port Improvements at So
lima Cruz. Vera Cruz. Tampico and From
terra, and other items listed account for
few millions more, leaving available
for the war fund probably not more than
sl5.OOO.OOO gold.
An unofficial estimate Of the cost OF the
genera! conduct OF the war. including
keeping the army in the field, is $1,000
0o0 o. mouth v-o,.{If,o Of e,trve. that
all bills are IiquidQtcd In addition 20
this borrowed money the government has
its ordinary income but this has been
materially reduced because OF O diminu-
ton In the totals OF imports upon which
duties are collected and "A reduction In
the sale OF stamps for the conduct OF
general business. The stamp tax brings
the volume Of business. and business is
light.
Set Four Month Limit.
Given these conditions. there is specu-
Iation IN Mexico City to-day as 70 how
long President Huertas financial re-
sources viii hold out and the general
opinion is that they will last between
three and four months
Mexico has shifted her trade IN arms
and ammunition from German manufact-
urers % japanese. The War Department
Las contracted 10 purchase from house
In japan 2Do. 90 rifles OF the Mauser type.
They are to be finished with O number OF
improvements over the old Mauscr and
In order 10 avoid the use Of inferior ma
terlals and to guarantee careful and exact
work at the factory commission OF three
Mexican army officers will supervise the
work Of filling the order \ range OF
-0O feet more than that Of the old type
is claimed for the new arm, with con-
sIderably increased muzzle velocity
Prior 10 signing the contract 10 was
alleged by a portion Of the local press
that the guns japan wants 10 sell are
nothing more than the old ones used ID
the Russo-Japanese War. These were
six and half millimetre calibre. and II
was claimed that this bore had bee"
routed 10 the stipulated seven miIllmetre.
The charge was refuted.
Compulsory military service was 10
have been inauGurated IN Mexico on June
: hut II was then announced that before
tho Presidents decree providing for on
forced service could be put INTO eHect IL
would be necessary 10 make number o.
changes in the law which would make its
annlication impracticable for some six
months longer
Enlistment Plan Lax.
The proposed scheme Of compulsory en-
l,strept is regarded by many as rather
Iav one of fits provisions Is that any