The chronicle=news., 1914-07-24
Prospect of Peace
In Mexico Seems
Brighter


vices to the United States today from
Provisional President CarDajal, Cen
eral Carranza, General villa and
Emiliano Zapata, the four chief eIe-
ments in the dominion problem re-
new the hope OF officials for peace.
Carbajal, through the Brazilian min
lister in Mexico City, officially de-
ciared he was willing to transfer the
constitutionalist power to Carranza
and had sent a delegation to Regi-
naldo Capeda to arrange with the
cOnstitutiOnalists CHIEF. Carbajal re-
iterated he merely wanted an am
nesty for political offenders and
guarantees for the safety OF property
of people who had supported Huerta.
Carranza, through the American
consul. accompanying him, manifest
ed his readiness to be lenient with
the foes OF constitutionalists and give
the desired guarantees.
Villa in most courteous terms
spoke OF his desire to see peace es-
tablished on q basis OF justice and
liberty and gave assurances that he
would do his utmost to restore nor
mai conditions.
Communication with Zapata has
been difficult, but official word has
been obtained from him in which he
manifests desire to Join with the
constitutionalist chief to destore the
government machinery throughout
Mexico.
Emissaries from Carranza to "a
pata with authority to promise agra
garian reforms are expected to reach
the southern chief within a few days.
The program of peace in Mexico.
according to officials and others con-
versant with the situation is this:
A declaration OF a complete armis-
tice within few days between Gen
eral Carranza and Provisional Presi-
dent Carbajal.
Signing OF an agreement between
the two forces for an amnesty and
guaranty for the protection OF prop
erty.
Dissolution of the present congress
and re-assembling Of the deputies
and senators elected under PresI-
dent Madero whose terms do not ex-
pire until next September
Resignation OF Carbajal to the Ma
dero congress and designation by the
latter of Carranza as provisional
president under the constitution.
Conferences of chiefs in Mexico
City, including representatives from
General Zapata and Villa for the for
nation of reform program for the
new adm 'nistration.
New York, July 24.-Emilio Pa
basa. OF the Mexican peace delega-
tion to Niagara Falls. In a statement
issued here last night. gave the terms
by which the Mexican government
guarantees the payment on bonds Of
the nat'on railways Of Mexico. The
statement reads:
Bankers in Mexico City repre-
sentins the bondholders OF the ma
tional railways of Mexico. have
signed an agreement with the Mexi
can government by which they ac-
cept treasury bonds as collateral for
railway uOlts NulCH SlNth III
in payment of interest. will become
due January 1. 1917. The treasury
bonds are for ten years. payable in
Mexican gold, bearing interest at six
per cent, issue OF 1914, for total OF
l l 100000 pesos.
"In case the mentioned treasury
bonds should be disposed Of. the Ma
tional railways of Mexico will be re-
sponsible to the government for tho
corresponding abount, figured at So
Der cent OF their nominal value. The
government becoming then the cred
itor of the company for this amount.
The railway company will thave the
right to reimburse the government
at the said valuation of S5 per cent
plus six per cent interest"