The Sentinel=record., 1914-04-04
VICTORY AT TORREON CAUSES MARKED CHANGE IN FACE
 VALUE OF REBEL PAPER.
WILL ASK RECOGNITION
Mexico City Still Persists in Denying That Torreon Has Fallen-Ca ar ranza Will Soon Issue Silver Coin Instead of Notes.

El Paso, Tex, April 9.--The effec. of the rebel victory at Tcrfe5h was felt here in a stiffening Of t0e mlr- ket for constitutionalist money anu Tn the beginning of movement to organize persons owning property in Mexico to appeal to Washington to recognize the Carranza g0vernmeL {.
 The latter idea originated with for mer Governor George Curry Jf New Mexico, but having placed the mat ter in the hands of leading demo- crats to work out as they promised to do he expressed a desire to serve cnly in the ranks to secure the sue cess of the movement. Gen. Car ranza declined to comment on the movement but there was much favor able comment in Juarez
 The news is said to be significant of local sentiment that if the revo- lution is carried to a success the counter revolution which it has gen erally been predicted would follow, AChily Wuhtu uOL uldltildIlLt.
 In this connection prominent American today said that the great est guarantee of peace, which it is prophesied would follow rebel sue cesses, lies in the fact thak the in comes of the rich men formerly able to finance revolutions to restore the old regime of special privilege have been depleted in the last four years to an extent which would make it exceedingly difficult for any new in- surrection of any proportions to be financed
 Mir. Curry said he was convinced that foreign sentiment upheld the belief that recognition of Huerta be- ing out of the question the time has come for foreigners to lend such aid to the CarranZa revolution as will help it to a speedy conclusion. Tele- grams sounding senators and repre- sentatiyes in Washington the propos' ed propaganda were sent tonight.
 "The fall of Torreon puts the dol lar mark on Villa and Monclova money said J. S. Curtis of Fl Paso. who is considered the most expert specialist in Mexican constitutional ist money in the United States. The value of paper money lies in the promise to pay and the fall of Tor reon has marked the elimination of long series of events which prom ises to establish and make good Villa and Carranzas written guarantee, which is signed at the bottom of all paper money they have issued.
 TO date the rebel government for their joint account have issued sixty Tr'1ion dollars of paper fiat currency and for eight months merchants aiong the United States border and northern Mexico have gambled on the promises of Villa and Carranza to pay, as it appears written on their. paper money.
 Carranza has issued thirty million dollars of this currency to date and Villa has issued from Chihuahua thirty millions more of his own cur rency.
 The Carranza issue is what is known as the Moncloya money ana takes its name from the fact that 1t was issued under decree signed at at Monclova, Coahuila, in May, 1915. This money has now been in circu- lation for a year and for that reason has always had firmer and better established market than the fiat eur rency of the military genius, Villa.
 The Villa money, on it's first ap- nearance in Juarez in December, 1913, had no market value except in Jua- reg. where it's face value was estab- ushed on a modern rifle basis
 Mr. Curtis says it is estimated that durig the pasts ixty days border 4owns from Brownsville, Tex, to the California coast have been flooded with about two and one-half million dollars of the Monclova and Villa counterfeit money.
 During the next sixty days north ern Mexico probably will have re- lief from counterfeiters, and will De using it's own silver coins, minted by the constitutionalist government.
 Mexico City Denies Torreon's Fall