altogether there must have been 40,000 bushels, all of which went. There were about 4,000 people in the colonies. There are now only a few families left and they are in danger."
It will be noted that the outrages recited by this American citizen, who had devoted twenty-eight years of his life to building up a valuable property, occurred after the beginning of the Carranza revolution, March 26, 1913. While the outrages were not all perpetrated by followers of Carranza, most of them were, because his followers were more numerous than those of all other revolutionist leaders combined.
The American farmers who composed these little centres of agricultural industry and prosperity were in no sense exploiters of Mexico under concessions granted by the Diaz government, for they had purchased the land upon which they built their homes and depended upon their own industry, economy, and enterprise for the prosperity which they had achieved, and not upon any advantage secured by concessions, or privileges of any kind granted by the Mexican Government. The destructive effects of the Carranza government on the financial life of the country are shown in the treatment of the greatest two banking institutions in its capital city; the Banco Nacional, representing French capital, and the Bank of Lon-
