Show MEXICANS TO biff NATIONAL BARS MONETARY commission TO BE CREATED TO SUPERVISE government BANKS suspension of two banks of mexico city wh which ich had issued bank notes in excess of metallic reserve hastens plan new london conn A plan for a mexican national banking system to tako take the place ot of the suspended national blink bank and the dank of london and mexico in mexico city was outlined i tc the american members or of t the is J joint 0 int alex mexican can american coni commas nils hero tuesday by luls lula cabrera chairman hair mall or of the mexican members mr cabrera explained that a monetary commis commission has been created that w will III have supervision of a chain ot of government banks and it it Is hoped to obtain backing chiefly irom from mexican sources to support tile the scheme this explanation was waa given after aftel the ame american rican members had asked to bo be enlightened on the order suspending two banks in fit mexico city mr cabrera suld auld the two banks banka had Is sited blied bank notes far in excess of their mit me allic rp reserve serve and recently had refused ref f to sell bell to the government exchange change on foreign banks nt at rates demanded by tho the government tho the in dilutions had been ordered to to show a metallic reserve equivalent to their issue 0 or paper money ho he said mr air cabrera added that the step was larg largely adly retaliatory as the banks banka ot of mexico tile two la in question wore responsible 2 ibl for depreciation ot of carranza Oar ranza burrei 1 ly 1 I 1 the border situation was waa disc uRsil ui ju it a casual way but without much progress |