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Newspaper Page Text
A RUN ON A MEXICAN BANK
A Run on Mexico's Central Bank.
' This photograph, taken in Mexico City, shows, another sign of Huerta's
waning power. It is a run on the Central Bank of Mexico.
Mexico has the central bank plan. This central bank guarantees the.
bank bills of all the state banks, so long as the state banks keep on deposit,
in the central bank, enough money to offset the payments.
On Dec. 15 it was made public in Mexico that many of the state banks
had failed to keep up their deposits with the central .bank, and, therefore,
the bills of many sttate banks were worthless.
Thousands found themselves with these bills in their possession and
they stormed the bank demanding payment. Then' it was that Huerta de
clared a legal holiday lasting until Jan. 2. That saved the bank.
the remains of another ancient bear
con. In the beginning, of the 17th
century there were only 24th light
houses and six floating lights in Eng
land. Now there are about 900 on
coasts of Great Britain and Ireland.
The United . States, .passed first act
of congress covering light houses in
1789 and now has more than 3,000
lights and light ships and 240 fog
Winstanley's Eddystone light took
four years to build, at a cost of near
ly half a million dollars, and was.com
pletely swept away by a storm short
ly after- itscompletion. ,
blARY OF FATHER .TIME
The plans for great light houses at
either end of the Panama canal, re
mind me of the light houses that-were
built thousands, of. year.ago. . Light
house building and illuminating ex
tends over a period of, more than 2,
000 years, but the regularly organ
ized life preserving system, of mod
ern light house, engineering goes back
very little beyond the beginning of
the 19th century.
None of the early light houses now
exist. The Romans builtligh't houses
at Ostia, Ravenna, .Buteoli. and other
porta. On.the" cliff at Boulogne ar,e