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Show MEXICO IN SAD PLIGHT Huerta Government Unable to Borrow Money Without Recognition Rec-ognition of the United States Felix Diaz Is Probable Future President Pres-ident Mexico City, April 12 The failure of the Washington government lo accord ac-cord recognition to the Huerta administration admin-istration created grave anxietv in the Mexican capital, h contluiou which was noticeable during the list week in March, even In government circles cir-cles Under ome circumstances Wash Ington's cnoiness would not have been BO serious, but with the impoverished impoverish-ed state of the national treasury common com-mon knowledge ihe distnnt attitude oi the United States, according to ihe Views of w-ll iniormed observers, assumed as-sumed almost the proportions of a national menace Popularly it was assumed, and in hiuli government olfice. it was not denied, that one little friendly nod from Uncle Sam would have rendered render-ed the work of the country's financiers finan-ciers who are trying to borrow 100,-(iihi.iiiiii 100,-(iihi.iiiiii p. ( :,.i. imih, eiio com para -lively simple Even the SPBOOd enemies of the government gov-ernment concede thai President Huerta Huer-ta will pursue a determined policy in restoring order, but his closest personal person-al friends admit his Job is going to bo increasing! dlfflcull unless some means can be found for replenishing the national funds A month an,r Huerta was made president there was not enough money on hand to pay the expenses of the government for any but a short period He and his counselors continued making their plan?, however on the assumption thai ihe money necessary would be forthcoming In due time from some source or other But it has not yet appeared, and people are now asking whence It can be expected There is of course no denying the fact that the withholding of Am- n can recognition makes it more difficult diffi-cult for Mexico to borrow. Local bankers do not bcsltaie in that If the United States persists in turning her back on Mexico, mon ey loaned to the Huerta government WOUld be a risk not lightly to be as- 1 sumed, and thai 'be possible overthrow over-throw of Huerta would leave the hold-j ers of the new bonds in an ombarras-i sing predicament. Must Have the Cash Realising the delicate situation in which their country Is placed, a few young men and women attempted to; I Inaugurate a popular movement to ! supply the nation with funds from! the people's savings. But the amounts offered have been sums like $50 or less, and It has been pointed out t" these patriotic and self sacrificing persons that their efforts are not, aft - j or all. practical. The government has asked congress to authorize two bond issues, one for1 20,000 (inn pesos ($10 000, onui and the j Becond for the hundred million ($50, 000,000) It Is proposed to use the bonds of the $10,000,000 loan in paying ! Indemintles for damages incurred dut - 1 I ing the revolution of 1910-11; for co ering subventions promised railroads, for meeting obligations In completing public works, and similar purposes ' Wba! the recipient does with S bond j 00 Issued Is a matter ol Indiffer- I ' ence to the government. He may hold j j It and colloct the 6 per cent Inter- , 'est, dispose of It for what he can ,et now, or sell It when tho country once again iB at peace and thu prices ot securities are consequently higher. The big loan, however, Is for the I express purpose of getting money cash For this foreign bankers will have to be solicited When Huerta was given the presidency there WSJ a popular belief that the credit of the country' had been greatly Improved Im-proved This was based on the assumption as-sumption that peace had come with the passing of the Madero regime 1 One month, however, has sufficed to ahavc thai B9M$ nfls not yet com,?l to Mexico. Civil war has never Interfered sen-; OUSly with Hejtfco's theutrlcal season, and the days following Raster Sun-da., Sun-da., when the P'a houses are opened open-ed for the spring eenson were no ex- j caption. m three of 'be theaters opera, comic com-ic and grand. Is being sung lo lull bouses. At one of these Ksporanza Iris, a Mexican soprano. Is sustaining sustain-ing her popularity which In 'ho past two seasons was lu raiive enough to enable her to buy the theatei in w lm U she sings Al another house the Lrench opera of New Orleans is appearing. ap-pearing. Diaz Probably Winner The successes and the reverses of the army and the progress of the revolution continue to be th chief topic of Interest 11 Mexico's capital. as they have been for the past three years, but politics is running a clone Becond In general Interest. I'resldcut Huerta assumed tbi pr I-Ideocy I-Ideocy as provisional executive with the promise that as soon a peace had been restored throughout the country he would call general eJec- tioiih for president and vice president. presi-dent. It was openly agreed that General 1 Kellx Diaz, whose revolt and warfare In the Btreetts of tho capltnl brought about the change at the national palace, pal-ace, should have no active part in j conducting national nffairs as presi-) presi-) dent, but would be a candidate for the presidency No time for the calling of the elections elec-tions was fixed, and to many it came somewhat as a surprise when the president sent to congress a decree I Tor approval fixing July 27 as the I date. In the first days after the oerfhrow I of Madero It seemed not unlikely that 1 , Idaz would have as opponents 6ome half dozen men of considerable prom-I prom-I Inence, but a month later It appeared I reasonably certain that the nephew I of old General Porflrlo Diaz would Dave little real opposition. Most politicians pol-iticians now bcllove that when the , elections finally are held, unless conditions con-ditions change materially in the meantime. mean-time. Diaz will get at least 75 per j cent of all the votes cast. |