Evening star., 1925-01-07
MEXICAN CLAIMS
POLICY OUTLINED
Bankers Urged to Present
Cases to State Department.
Local Trading.
BY CHAs. p. sHAEFFEI..


Americans having claims against
Mexico on account of deposits in
banks. there, which were prevented
from meeting their obligations by any
act of the Mexican government or
revolutionary forces, are today ad-
vtsed In a statement issued by Fred
I. Kent. chairman of the commerce
and marine commission Of the Amer
lean Bankers Association. to make
prompt presentation Of their cases TO
the Secretary of State at Washington.
The statement follows:
The attention of American bankers
and of other American citizens,
whether corporation partnerships Or
individuals having claims against the
Mexican Government because of de-
posit accounts which they had In tins
Bank OF London and Mexico, or 81
other Mexican institutions. or arising
out of other obligations of such in
stitutions, which were prevented from
meeting their obligation through
any act OF the Mexican Government
or OF any Mexican revolutionary party
or faction, Is called to the fact that
under the conventions between the
United States and Mexico. signed at
Washington and Mexico City, Septem-
Der and ~, 1923. respectiveiy, il is
necessary IL they wish to esta blish
their claims that such claims should
be presented by petition addressed to
the Secretary of State at the earliest
possible date. Such claims II they
are to be considered by the Gen eral
Claims Commission. must be filed by
the agent for the United States with
the secretary of the commission be-
fore the 30th of August. 1925. and
should reach the Department of State
Weli in advance OF that date for trans
mission to the agency for eXamina-
ton and filing. The consideration and
proper presentation of such claims
VIII be greatly facilitated IL they are
filed promptly as the cases of Amer
lcan deposttors in Mexican banks VIII
probably be among the first to be con
sldered by the General Claims Com
mission when Il meets in !Iarch. 1925.
1t is suggested that in case Of
/ DOUBT as TO what claims may come
within the conventions or as 10 the
form in which they should be pre-
Sented to the Secretary of State,
that bankers or others communicate
! directly with the ssent for the
! United States. mixed claims commits
| sion, United States and Mexico.
! Washington, .. c.
| Years Earnings Grow.
! Net earnings Of the National Mort
| gage and Investment Corporation for
/ 1924 amounted to S5Io,7sI57. gain
| OF S43,l16.e0 over the preceding II
I months, stockholders were told at
! their annual meeting yesterday. The
! operating capital OF the corpora tion
as Of December 81, 1924. amounted 70
! S4,421. .607.65
President George E. Walker in his
statement reported that a total OF
( s375.sOO.57 in preferred dividends has
! been distributed since inception three
! and half years ago, this sum being
! the equivalent of s per cent per
| annum- During this time a surplus
and undivided profit account OF S612s =
! 1883 has been established. 1t was
/ also declared that the recent declara-
/ ton OF l per cent on the par value
| OF common shares could be confidently
! expected every six months hereafter.
officials also declared themselves in
| favor of new and larger quarters to
! house the organization.
| The following directors were elected
| for the year George L. Walker, William
1 D. West. II. Rozter Dulany, James y.
Bailey. c. S. Taylor Burke. Frank j.
| Caughy, Appleton p. Clark, tr.: Clarence
| f. Donohoe, Fred T. Dubois, H. Prescott
| Galley, Frank J. Hughes. Harry A Kite.
| w o. Pierson and James H. Preston.
Lanston Is Trndirg Feature.
Strength In Lanston Monotype pro-
| vided the days feature on the Washing
ton Stock Exchange. This issue re-
| covered to 10 on sales Of so shares, with
a subsequent lessening Of the spread
| to q of point.
extent of one share which sold al
| 100. Ninety-seven was bid for the
| security as the session closed, with
the asked price points higher. Rail
way preferred brought S1&, while
Mergenthaler retained its strong po-
sition at l6S and fractionaily above.
National Mortgage and Investmen;
| preferred was unchanged at 9 in spite
! of its good report for 1924, announced
today, while Capital Traction was
slightly stronger at 90. Three shares
| at S6.
Bonds were dull
New Directors Named.
| Frank z Ghiselli and DR.. Mark F.
Finley have been added to the director
ate of the Merchants Bank and Trust
/ Co, succeeding to the vacancies caused
! by the recent death OF William P Nagel
and the retirement OF James Walter
| Carter.
Plans Award to Members.
announced it will again depart during
| 1925 from staid policies, and will aware
| $500 in cash to 81 members of It's
Christmas Savings Club. The usual 8
per cent interest will be paid in addi-
| ton.
Bill Includes Tax Refund.
An emergency deficiency bill carrying
I 1857 100000 has been added to the
| steady flow of legislation from the
! House to the Senate. Passed by the
House late yesterday. the measure car
ries principal item Of $3.50. 100000 for
refund Of taxes illegally collected and
| another of $3,o0o,0e for purchase of
the capital stock Of the new Inland
| Waterways Corporation.
An attempt by Chairman Madden OF
the appropriations committee to add
$4,000 for expenses Of the President
agricultural commission was defeated
on a point of order.