The Mellette County pioneer. [volume] (Wood, Mellette County, S.D.) 19??-1971, 1919-08-22

hr obligations to these countries, or the revOlu-
uonists will shake him from power. In addition
10 the Villa rising there are not less than ten revo-
iutlonary movements in Mexico. There are those
VINO say he would not last two weeks should he
De thrown over by the United States.
There is no gainsaying that Carranza is in q
ught place, with the League Of Nations planning
economic pressure from without and a growing
pressure from revOlutionists from within.
what are the Investments OF foreign nations In
Mexico? No official figures are to be had, with the
exception OF the estimate prepared in 1910 by
Marion Letcher, an American consul in Chihuahua,
which is this:
American ................. 81 ,O57, 10000
British ................... 321 ,3O2,S
rFehch .................. 143,446!OU
81. 641, O54, 1S0
Another estimate, prepared by an American cor
poration enjoying special facilities, totals nearly
the same, but differs widely in the distribution Of
investments. 1t is regarded as the best obtainabIe.
1t follows:
AHeIlcaH ................ S00O,UOOIOOW
BRITISH ................... 61O,OOO,OOO
frehch ................... ZooOOOON
German .................. 100000
Spanish, Dutch, etc......... 100, 600 600
Total ................. 81 ,S75. GOO, 900
These figures are said to include the foreign in
vestment in the national debt Of Mexico and the
distribution. rs far rs can be worked out, of the
holdings OF the securities of all companies operat-
ing In Mexico.
The British government is demanding adequate
protection for British subjects and property In
Mexico, including specifically the oil wells the Brit
ish government recently has purchased from Brit
Ssh corporations, and also Is demanding PREPARATION
for the destruction OF British lives and property.
Tl,n INcn1,h Dx,ar, MN &C.. Jt
mands and in addition insists that Carranza nav
the interest on the 100000 Huerta loan. which
was foated in France but which has been repudi.
ated by the present Mexican government.
The $3O,OOO,OOO loan constitutes the difference
between the amount Of the Mexican external debt
as estimated by T. W.. Osterheld at S173, 400 O67
and the figures given today by the Mexican gov.
eminent, which are $143, 472, 1875.
Regarding the internal loan debt of Mexico tho
Mexican treasury department says it totals SEQ.
397, us, with interest to June 30 next amounting m
ST., 914, 672.62.
The official Mexican figures fail to take into
account the entire railroad Indebtedness, guaran-
teed specifically by the Carranza government when
the lines were taken over, and which is given nc
$3.50, 564, 532, United States currency.
Nor do the Mexican figures include obligations
other than railroads which the Mexican govern.
ment has guaranteed and which, therefore. con-.
stitute a valid claim against Mexico as q direct
external loan. Chief Of these is the "Caia de
Prestamos" farm loan banks obligations which
viii interest to June 80, equal $31 SOC, 742. 70. Nor
does the official Mexican report take into accom-,
the "infalcifcable,' issue of paper money, of which
$50 OOO,OOO at 10 cents United States currency. ra.
mains outstanding, making another $4,000 600
which the Mexican government upon Issuinp
solemnly pledged itself to redeem, but which n
later repudiated and which 1t will some dav ha
compelled TO pay.
Nor does the official Mexican report take into
account the S20yO00,O0O which the Carranza govern.
ment took as a loan" from banks of Issue in
Mexico City and which is now the subject of in.
junction proceedings by the Bank of London Ia
enjoin the financial agent of Carranza u New York
city from reaching credits Ia Un:.en States banks