Saturday, April 27, 2013

Mexico's Dark Outlook.

New York Times 100 years ago today, April 27, 1913:
    Lack of money is, of course, not the cause but the result of the existing Governmental conditions in Mexico. The Treasury was solvent when Porfirio Diaz retired and Mexican securities were regarded with favor in the financial market. The finances were disordered during the so-called constitutional administration of Madero, and the soldier who is now Provisional President seems to be unable to borrow. London bankers have denied a report that they have any connection with a reported 5 per cent. loan at 88 1/2. There is room for doubt that any loan has been secured.
    The condition of the Provisional Government is, indeed, perilous from every point of view. The retirement of Felix Diaz and de la Barra as candidates for the Presidency and Vice Presidency will naturally be regarded as an indication of their disaffection. Transportation of mails from Mexico by the land routes has practically ceased. Rebel bands have interrupted the railway service, and Vera Cruz has been nearly cut off from communication with the interior. Yet among all the opponents of the temporary Government there is not one man of sufficient ability and integrity to restore order out of chaos. A Government by commission is likely to succeed Huerta, a return to old Mexican practice, and revolution is likely to continue as before. The outlook was never darker.

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