Mexico Notes

The American Charge d'Affaires in Mexico City announced to the press that U. S. Ambassador James R. Sheffield, now on vacation at home, would return to the post. The announcement was in the nature of a warning against false hopes. Rumors had been circulating in Mexico that he might never return, and Mexico would probably have been glad since he has taken a vigorous stand for the preservation of U. S. property rights (TIME, June 22,

CABINET). When Foreign Minister Saenz received the report of Mr. Sheffield's impending return he heartily exclaimed: "Mexico will view the event with real satisfaction."

Last week the final preparations were made for opening on Sept. 1 of a new government bank of issue, with a capital of 100,000,000 pesos ($50,000,000) which will circulate paper money. Hitherto practically all business transactions in Mexico have been made with gold or silver coin. In the financial district of the capital, messenger boys run from bank to bank carrying clinking bags of coin,

The new bank which will issue paper money will be opened in the Mutual Life Insurance Company's building. The Government will furnish 51% of the capital