Investigation of Mexican Affairs Volume 1-9

Investigation of Mexican Affairs Volume 1-9

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1919 edition. Excerpt: ...Sud Americanische Bank. Mr. Kearful. Was that a branch of a banking establishment in Berlin? Mr. Mitchell. Yes; the Sud Americanische. Mr. Kearful. Did this bank enjoy any privileges that were withheld from the other banks in these transactions? Mr. Mitchell. Yes; this bank in a great many cases was utilized by the finance department of the Carranza government for the purpose of buying back at a lower rate of exchange, from to 4 cents, the issue of infalsificables which had been made at the ration of 10 cents American currency in July, 1916. They were also utilized in a transaction to endeavor to get arms and munitions from Chile when the United States Government refused to allow the arms to enter Mexico, and it is a matter of record that with this objection at one time they had $300,000 of United States currency deposited with them. Mr. Kearful. What became of the reserves of gold and silver that were held by the banks of issue? Mr. Mitchell. After the Carranza government decreed, September, 1916, that the charters of the banks of issue were nullified and that a committee from the government would enter said banks with the idea of liquidating same and preserving the gold and silver to pay off the obligations of the banks, orders were given these government committees to deliver the funds to the national treasury where said reserves were utilized in paying troops and other governmental expenses, this being commonly or vulgarly called looting. Mr. Kearful. That is known as the looting of the banks in Mexico? Mr. Mitchell. Yes. Mr. Kearful. Did this committee undertake to make collections of the assets of these banks? Mr. Mitchell. Yes; to be able to liquidate the banks they had to collect the assets of said banks, which consisted in amounts due more

Product details

  • Paperback | 796 pages
  • 188.98 x 246.13 x 40.13mm | 1,397.06g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236590724
  • 9781236590725