The Birmingham age-herald., 1917-08-17
BIG MONEY TRANSACTIONS
Rr HOLLAND

J. F. Morgan, resulting in MT. Davison becoming, aspartner in that house. Other brilliant executives have been trans ferred to important financial posts and the bank has lent one of it's executives to the federal government.
 A few days ago Henry Bruere, who was at one time city chamberlain of New York. returned from considerable so- journ in Mexico, where he went because asked by Carranza to visit Mexico for the purpose of studying the financial and economic conditions, and chen to give ad- vice respecting the reorganization of Mexican currency and taxation systems.
 Mir. Bruere soon after his return to New York confirmed in some measure statements contained in the book, The Mexican Problem" by c. w. Barron of Boston. who visited, Mexico last spring for the purpose of Investigating condi- tions there. MT. Barron's book was pup- lished only few days before the return from Mexico of MT. Bruere. Both agree in the view that in the stupendous re- sources of mineral oil which Mexico pos- sesses in the Tampeco district may be found under wise development and admin istration the means by which Mexico can at last regain her credit and secure sound economic and financial conditions. In view of the fact that the government at Washington is seriously concerned over the crude oil situation in the United States and the danger that the supply will within year be inadequate to the needs of the government, it is suggested by MT. Bruere that some means be taken whereby there can be extensive develop ment of these prodigious oil resources. It will require the assistance of a strong Mexican government as well as American capital. The capital can be secured pro- vided the men of capital have faith in the ability of Mexico to protect the ter- ritory and sufficiently to aid in it's devel- opment.
 Occasionally comment is heard in the financial district and sometimes by busi- ness men that President Wilson seems utterly to have ignored the vice presi- dent, who were anything to happen to the President, would become his suc- cessor. There has even been publica- ton of this curious isoiation, for it is deemed important that the vice presiS dent should know in general way the policies Of the President, if he has any. The suggestion has been made that the President invite the vice president to at- tend some of the cabinet meetings. But the same objection to that plan is sure to be made by the Senate as was the case when President Zachary Taylor sought to have Vice President Fillmore become ex-officio member of his cab met In the winter of 1892 Hannibal Hamlin at the time of his last visit to New York, from his home in Maine, said to the present writer that many times President Lincoln summoned him into confidential consultation at the White House, outlining in those consultations some of his policities, with intent to have Vice President Hamin well informed in case anything happened to Lincoln him. self In that way Vice President Ham, lin without the knowledge of anyone but himself and President Lincoln gained an excellent idea of Lincoln's plans and would have been well fortified to assume the presidential office had Lincoln died before the expiration of the first term.