Weekly journal-miner., 1916-09-20
WILSON ANXIOUS ID FINANCE
 CARRANzA
WANTS BANKERS TO LOAN HEAD OF DE FACTO GOVERNMENT TWO HUM DRIED MILLIONS.

NEW YORK, Sept 16.-The first
 concrete result of the Mexican con
 ference is l demand by Carranza for
 an indemnity of S2OO,OOO,OOO from the
 United States because 1t violated
 Mexican sovereignty by sending Gen
 eral Pershing's command into Mex
 ico. When President Wilson sent Pershing into Mexico he announced
 that he did so with the full consent of
 Carranza. Subsequent events proved
 that this statement had no basis ill
 fact and that Carranza had persist
 ently and emphatically protested
 against the invasion and that it was
 in truth and in fact" an act of war. | Of course the presidents objection to
 admitting that Inc had sent a force in
 10 Mexico against Carranza's protest
 was that 1t would puncture the Dem-
 ocratic slogan, He has kept us out
 of war Nevertheless, Mir Wilson's
 misrepresentation of the facts affords
 Carranza ground for contending that
 Mir. Wilson knew it was not proper
 to send the troops in without his con-
 sent. It was on the same ground that | Carranza ordered his troops to fire on | the Americans at Carrizal, that his
 men did so fire and kill l7 American soldiers. His ambassador in Wash ington informed the administration
 that the Mexican troops fired by order
 of Carranza, and as the administra- ton in Washington never resented the firing, Carranza will doubtless use that fact as proving that Mir. Wilson knew he was in the wrong when he ordered the troops into Mexico, knew he had no ground for a protest and must now know the demand for in demnity is just What the outcome of the Carranza demand will be none can foretell, for this administration is guided by no principles of interna- tional law and no consistency or con- tinuity of policy.
 Wilson Would Finance Carranza.
 President Wilson is most anxious to finance Carranza, if not by the pay ment of $20O,OOO,OOO as an indemnity, at least by effecting loan from Am crican bankers to the Carranza fac ton. Fortunately, there is no mach inery whereby the president can loan funds in the treasury to foreign government or faction, or even sell United States bonds to raise money SO to loan. Mir. Wilson has, there fore, instructed his secretary of the interior, Mir. Lane, to attempt to in ducc American bankers to loan Car ranza Sl500G0,0OO The bankers are wholly unwilling to make such loan unless the United States will guaran- tee its repayment. Mexico's bonded now amounts to over S5000O0,00O gold, and there is out standing a fiat currency in excess ot S300,OOO,0O0. Of course, if Mir. Will son can devise a method whereby he can obligatc this government to stand back of the loan the bankers will chcerfully make it, but not otherwise. So far as can be seen now, the only method which could be employed would be to scale Carranza's demand for an indemnity from S2OO,000,0O0 flown to $150,0OO,OOO, the amount of Inc desired loan, and then, instead of asking congress to appropriate $780, 0O,000 to be paid over to Carranza. 10 have Carranza assign his claim against the United States after its approval by the New London confer ,ncc and President Wilson, to the bankers as security for like sum to ,c loaned to Carranza. While ad- hitting that efforts are being made to inance the Carranza faction, Secre- ary Lane declines to furnish any ctails.
 QT ATK ruTEE CODDED