The Birmingham age-herald., 1918-11-19

the banks which have been established 1 in Mexico and in South America with l German capital
 l Carranza caused to be issued se5 0Oo 0oa in pesos, of paper money. A peso at par IS about 50 cents American money. He forced the people to take that money but he also grimly announced that it would be speedily worthless since it would never be redeemed so that the peo- pie must consider it as their offering 1 Tn support of the revolution which put the present government In power These and many other actions by Carranza have greatly enbittered the people so that, except for the army which he controls and relatively small number who are his favorites, he is without any real support.
 WHAT FELIX DIAZ WILL DO fTelix Diaz is now in control not only Of the Vera Cruz district but of several other districts in southern Mexico His a: my is sufficiently strong to make it possible for him to capture the City of Mexico whenever he chooses. But he has been waiting for assurances of recogni- ton by the United States England and France. He seems to have received in fo' IT ation which justifies him in believing that this recognition will be given. There fore within short time, it may De as speedily as 90 days, he is expected to begin his campaign for the overthrowing of Carranza. Tn this campaign he will be supported by Zapata who controls an important province in southern Mexico. Diaz is now in camp upon precisely the sEot where the Mexican army was mo- bilized in order to resist the American troops after they entered Vera Cruz. His
 authority is so complete that he is able to stop all trains between Mexico and
 Vera Cruz, not molesting any passen-
 gers, but seizing all property consigned
 to the Carranza government. This has
 shut off that method of transporting sup plies to Carranza. He is therefore able to ebtain them only by means ot the rail-
 roads which run into Mexico from the north,
 The wife of one who formerly was an
 influential citizen of Mexico but whose
 property was confiscated by Carranza
 departed from Birmingham, Ala, a
 few weeks ago, intending to enter Mexico and see Carranza if possible. She re- turned recently bringing appalling reports of conditions in Mexico City She re- ports that thousands of the people have starved to death because of their inabil- ity to secure food. The laborers have paid been paid in Carranza paper money but have found that this paper money was WOftIlltSS Su tldt tiCy AiuSC pCSA uiubiC to buy any supplies
 CARRANZA AND THE BANKS
 When Caranza permitted the German banks to continue operations in Mexico City he seized the great bank controlled by English capital and that other bank controlled by French capital which for merly did large business in Mexico. He confiscated all the specie. held by these banks. Consequently the notes which the banks issused could not pass current and in fact greatly depreciated. But with the advent of Diaz the specie and resources which were held by these two banks will be speedily returned. That, it is believed, will lead to rapid appreciation in the value of the notes issued by these banks.
 Furthermore it is presumed that when Diaz Is placed in power one of his first efforts will be to quicken the national railway system in Mexico. If he is able to do this then the securities which now have no market should gradually appre- ciate so that at last the market price may fairly represent the real value of these properties
 Diaz is a courageous conservative; he understands Mexico and her people and he is convinced that with stable gov- ernment the republic can at last secure the prosperity which her stupendous