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Show I UtlClBAIS I ! TO OPEN DOORS Obrccjon Has Program to Strengthen Financial Affairs Af-fairs of Nation J MEXICO CITT. Feb. 5. Issuance H -i of the decree permitting banka mip-pressed mip-pressed during Jthe Carranza admlhla- H I tration to reauma buaineaa, maiin pub i llr on Thursday nislit by traaidril j Ohregcm, le considered In financial rlr- J clos of this city to be tho first Step j made by the president to stabilize banking conditions In the republic. A 4 comprehensive banking project, which B fA will be submitted to the special H j alon of. congress nest week, has been J prepared by the o ernnieiit. One of 1 the hills would call for the establlah.- i Trent of from Fix to eight regional H 1 banks for the Ispuanee of paper mon- H ey which would be under government r MM K Mi ) 1 ISS1 I 1 1 . H The value of the outstanding paper j Biopsy which wae Issued bj the var- J d out banks affected b Thursday 1 3 night's decree, la eatl mated at upwards 'ifl Of 110,000.000 pesos bv the Financial J md Mining Bulletin, the official or- h . j aan of the financial Interesta here kf H 1 his amount, the Banco Naclonal de tl Mexico, issued more than 32. 500. 000 ;ebOs. the Hank of London knfl Mexl-j Mexl-j So over 26.ooo.oiHt. and the Oriental Jo Mexico more than I 1 .oan.000. IM N II, r. REOPJ There Is little proapeel that all these 1 ianks will take advantage of the de-l J jree. it Is declared, but it 'is consld- tj Sred certain the net (-w days will I ;i'r the Banco X.u n.n tl, ib, icchlen- 4 gal, the Mercantile ,ic Vera Cruz, tin- A Icrcantile de Morterey, and the Ntatr 13 vanka of Nuovo l.enn, Tabasco, Utier-' ! j fcro, Sonora, Hidalgo, .ut-1 J Mexico, open iher doora J Secretary of the Treasury dr la llu- j .'rta. announced today thai the various' J pJWks atfetcd by Thursday night's J decree heii goveratni nl obllgationa 3 ' totaling 55,000,000 peaoa li. - rted 'j all these obligations would in- redeem - Jj Jd. partly In gohl r rn I partly in p'-', 3 arnrnent notes. |