The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1915-02-24


anced by these international bankers
have mysteriously appeared.
Who put them out, when they were
put out or for what purpose they were
put out was said by bankers today TO
be matters Of which they were in alb
solute ignorance.
1t NAV be that instead of the $780,
OOO,OOO duly arranged for and sold
above ninety, no less than $97,O0O,OOO'
or $67.OOO,0OO more than the. inter-
national bankers consented to handle
have been surreptitiously released
from Mexico's treasury.
IT hear that contractors and other
friends of quondam Mexican officials
received bundles of these notes." said
one banker.
Another banker interested in the
deal said:
1--WE are aware extra bonds are in
existence but whether they were put
out for legitimate or Legitimate pur-
poses we cannot yet say.
1.-The notes sold originally by inter-
the way, were perfectly legal and well
secured.
"They were secured by 3S per cent
of Mexican customs receipts with very
strict provisions regarding the steps
to be taken to insure ample receipts to
meet the issue.
Call ON Governments.
Being a perfectly proper Mexican
government loan. investors in this
country and in France and England
will doubtless call upon their govern
ments to protect them when the Mex
lean settlement comes to be made.
How holders of the notes not in
cluded in the formal offerings will fare
is another matter"
The notes were to carry per cent
per annum but have suffered the fate
of other Mexican securities.
One important institution said today
that it had been asked to buy some
of these notes at SO cents on the dol
lar but refused.
Efforts made within the last ten
days to find bids of any kind proved
fruitless.
| Bankers pointed out that the good"
notes could be distinguished from the
mysterious ones by their face num-
bers. The notes sold by Morgan &
Co.. and Kuhn. Loeb & Co., in this
country and also those duly issued
abroad ran from No. 1 up to a num-
Der known to the bankers and of
course to the Mexican government. All
put out lataer bear higher numbers
1t was remarked today that the
notes now pressing for sale are not
part Of the good issues
American investors are declared to
be the owners Of very few notes
brought out in the regular way.
FRANCE dOlOS BULK.
France. it is stated, holds the bulk
of them.
II 1t was limited today by interested
parties that Mexico would not be al
lowed to repudiate the notes legit-
imately issued. no matter which fac
ton finally establishes a stable gov
eminent there.
The bankers here and in England
and France will appeal to their gov
ernments for enforcement of their
/ rights" said one authority, "and Il
need be Mexico will be told she will
not get another dollar for rehabilita.
ton purposes until she honors thi.
perfectly legitimate debt"
Meanwhile investors who have
come into possession Of the Mexican
securities for 1913 find themselves IL
a fix as nobody will buy them at AM
l price.
One suggestion is that some Of tn,
| many notables who have gained access
/ to MeixcOs treasury within the las
| two years. finding scores of million,
of unissued notes, proceeded to max,
free with them,- distributing then
with lavish hand.
A scandal of International interes
is about to break, it is declared