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Rh Mexico to declare herself an Ally, but entirely in the interests of Mexico. Whether President Carranza and his government will realise this, and whether, even if they do, they will be able to carry through a break with Berlin, are unanswerable questions. One must await developments.

"Will Mexico be a friend or a foe of the United States?" That is to-day an insoluble puzzle.

Note: In Appendix A will be found the bills presented to the Chamber of Deputies regarding the remedies for the financial crisis as they were printed in El Universal.