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Show . 150,000,000 iu, s. Conditions in the Republic Said to Be Approaching V the Normal. NEW YORK. Sept. 8. With the return re-turn hero to'lav of Dr. Alfred Caturcgli, financial agent for the Mexican ?ov-orninent ?ov-orninent in the Tinted Ktates, and T. W. 'Jsterheld, i-eiresentin Jselin & Co., bankers for the Mexican government, from Mexico City, it was learned that l'reliminarv negotiations looking to a loan ol 3()0,"UiJ,iJi)U pesos, or approximately approxi-mately $l"n,ilUl),OiJU, to Mexico l.y Now York bankers, are neariug eonsuinma- tion. . Dr. Caturegli faid that he was not ! authorized to discuss the matter at this time other than to say that . prospects for the loan looked favorable. Mr. Os-terheld, Os-terheld, who went to Mexico as an adviser ad-viser to that government in regard to its finances, also declined to make any statonvnt. 's ll'"lers,ool' however, that the plans whereby the loan niav be secured ami the money so placed that the finan-system finan-system of Mexico can be rapidly rehabilitated, have been worked out and have received tentative approval of the Mexican authorities and are now before the bankers. These details an; said to provide ample security for k the loan 'and are understood to include a refunding of the national debt, a reduction re-duction of the capital of the Mexican iS'atio...U railways and a mobilization of the oil industry. Jt is also planned, it is said, to place in the hands of Mexican banks sufficient suffi-cient sums to enable them to care for the floating currency of the country and to eslablish firm exchange relations wit lr J oreign banks. Mexico is now coining twenty million pesos in gold, part of which is a new-coin new-coin terrued "Aztecs." They have values of ten and twenty pesos and their coinage markets them equivalent to the five and ten dollar American gold edins. Dr. Caturcgli said that he found eoh- 'f ditions in Mexico greatly improved, with every indication of rapidly returning return-ing normal conditions. Crops, despite late planting, promise good harvest, and a genera confidence exists in the administration ad-ministration of President Carranza. As to relations with the United States, he said: ,. " We in Mexico have absolute confi dence in the friendship of the Cnited States and that of President "Wilson. Reports of active German propaganda have been greatly exaggerated and nothing is to be feared from that source that will interrupt the present cordial relations between the two countries." |