New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-01-05
llNKS IN MEXICO
FACING PROBLEMS
0..l;ze That Holiday Artl-
S'I Zee Cannot Be Used
Indefinitely.
coIrNT ON HELP OF
FRENCH FINANClERS
Ia, City Shows Few Signs OF
''s T.rd Times and Confidence
in Huerta Grows.

rp cable TO The tribune
citv. Jan. Allow the bank
].n,,ion is going TO work out is
" -, sobiec, Of consideration just
" : his city. at least among all
=. ,ar. any thought to serious cues
W The period Of the bank holidays
:, ,,- s..n extended to the middle Of this
-, su, it is realized that this ar''-
.,,ro, be used indefinitely and
asbov-dovn" must come sooner
es;sr ..,.. Con-
marta acted under the so-called
y - powers granted TO him 10y Con
n matters pertaining TO the
rs 81 department It seems to have
'' - 10 very few that in reality
=. case. and getting rid Of mere
...,e Huerta has exercised special
V IN the Department Of Justice
- we're not granted to him by Con-
- The banking law was II is
,-.c,ed through the finance de-
-, hut the banks are also sub
:. % the mercantile code Of the re-
-. mich laws down that any in
-, or concern which ceases to
-. &c liabilities in FUN becomes ipso
ario. bankrupt so.
T. e this express legislative ue'e'
-, which. in the last analysis.
=. ,,er suspended by Huerta, and IL
80. 70 the mercantile code issued
.,.orsb the Department Of Justice IN
.,,.b no extraordinary powers were
-,,,.s 10 him by Congress. Never
's,l,.s. the public is not inclined to
,-,i-l.s or draw too nice distinctions
TT is conceded that the situation
,.n,pds heroic remedies But for all
~, it's clearly seen that the fiction
= hank holidays cannot serve much
s,s.- 10 conceal the true situation OF
he banks
Erpec. 10 Save Bank.
m ne other hand. the belief genor-
AN wevsn- here that French nnan-
~. interested in the Bank OF London
,-s Mexico will not allow that insu-
,,,lo, 70 20 10 the wall. In normal
tine. his bank is a paying business
uro,ston and its charter is Of great
,t'vs When il was announced some
dsyssgo that money was 10 he secured
n Lfsoa 10 tide over it's difficulties
,.s hope was generally expressed
srong British residents Of Mexico that
a-irol Of the institution might be re-
0tred by English capital, as in the
% DAYS. when this bank and the
Ns1lcan Railway were regarded as the
.asf two landmarks Of former British
enterprise in Mexico. II seems, now
ever. that II the money Is found II VIII
b found by a purely international
rndicaie. and that IL will not affect
hs present French control Of the bank.
The City Of Mexico still shows few
tyns Of I'd times and is far gayer
nd more animated than at any time
turing the Madero regime. Confidence
n Huerta seems 10 be growing. The
Military situation begins 10 look bright
., with the failure Of the rebels TO
axe Nueyo Laredo. their disappear
nee from before San Luis Potosi and
lslr evacuation Of Durango.
Moreover. the morale Of the army IS
ably improving and Of its devotion
. Huerta there can be no doubt. II is
*aeSed here that Huerta has only to
aold on TO win. as there is too much
cs1nion and too little cohesion among
ne rebels for them 10 evolve an ad-
'e'Sary surrounded with the necessary
fesuge and authority TO enable them
. cope successfully with the provision
a Executive.
understanding Talk Renewed.
Some remarks made 10y a foreign
'giomai accredited 10 Mexico and
'hieh have become known in certain
.'elss have again given rise TO the re-
:" Gat Washington and the Huerta
'"e'nment are on the eve Of reaching
N understanding.