Carranza, Venustiano, 1859-1920; Mexico -- History -- Revolution, 1910-1920; Mexico -- Politics and government -- 1910-1946
The Huerta agents in America accused the Constitutionalists of having
borrowed money from great trusts or syndicates, and a New York paper
published stolen letters to prove that Carranza had succeeded in
getting loans from corporations. The letters served no other purpose
than to advertise the lawyer who had been in the service of the Madero
revolution, but as far as the source of financial support, it was as
mysterious as ever.
“How can they fight, eat and dress without money?” was asked. “How can
they get the fighting material across the border when it is patrolled
by American soldiers?” Everybody asked the question and nobody could
answer it satisfactorily. But the suspicion was in the air that the
revolutionists with their agents in the United States had received
millions at a high rate and bartered in return for it oil, mining and
railroad concessions. The senatorial investigation which had labored
for months and published its results in a voluminous report did not
prove that Madero had financed the revolution of 1910 with the help
of American money. The money used by Gustavo Madero to finance his
brother’s revolution seemed so small that the senators looked for
greater sums borrowed from the United States to convince them in their
suspicion that all Central American revolutions were started in Wall
Street. But they forgot that Madero’s revolution was not initialed in
New York’s financial centre, and that no great movement can succeed
unless the lower or middle class fight for it.
The fact is clear that no Mexican political leader or military chief
could afford to be linked in any shape or manner with any foreign
corporation, as that would have discredited him forever in the eyes of
his countrymen.
As a convincing example illustrating this assertion, the Madero
revolutionary loan can be referred to. When Francisco I. Madero came
into power his brother, Gustavo, put in a bill for 750,000 pesos
($375,000) for expenses incurred by him during the revolution. As no
vouchers or explanations were offered as to the origin of the money,
accusations were made against Gustavo Madero that he had borrowed
money at a high rate of interest from an American oil company and
given in exchange valuable oil concessions to the detriment of a
British oil company. After Gustavo’s death it was discovered that he
had misappropriated $375,000 from the funds of a railroad company,
organized in Mexico and financed in Paris to build a railroad from
Camacho to Gomez Farias, and instead of using the money for railroad
construction he had sunk it to buy arms and ammunition for his
brother’s revolution. By his desperate and bold action, Gustavo Madero
had risked his reputation and liberty and was saved in the nick of time
from extradition proceedings by the success of the revolution.
Public-domain text, read in full here on John Shaqi.
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