OCR Text |
Show MANY BANKS IN I MEXICO, reopen! MKXICO CITY, IVb. (.More than! twenty Mexican banks, which formerly had authority to issue paper money and which were closed during the administration ad-ministration of President Carrunaui, were yesterday given permission to resume business through a decree made public by .President Obregvn. The largest of these institutions "was tho Ilanco Xactonale de Mexico of this city in which there aro heavy foreign investments. in-vestments. liquidation of the bank's obligations. Including the payment of deposits made prior to April 15, 1913, must be made us follows: "All claims less than 2000 pesos must be paid In gold immediately and all above that amount must be paid in six years. All paper money must be redeemed in eight years." |