The crisis of 1943

Félix Díaz Garza was born in Linares, Nuevo León on 24 August 1896.

His banking career began with the Banco Francés in Tampico, Tamaulipas. In 1927, on the recommendation of the Secretario de Hacienda Luis Montes de Oca, he moved to Guadalajara as director of the branch of the Banco de México. For more than ten years he worked in this position, living in the upper part of the offices of the Banco de México, located at the corner of calle 16 de Septiembre and calle Francisco I. Madero.

As a promoter of independent banking, he was one of the founders of Banco de Zamora, Michoacán, which was established in that city in 1940. In Guadalajara, he supported the creation of the Banco Industrial de Jalisco, which began operating in November 1934. “Félix Díaz Garza distinguished himself by being a banker who changed the concept of traditional banking, towards a humanitarian approach, giving impetus to small businesses or people who wanted to start in a commercial or business branch. … A man of upright personality, congruent with his ideas and principles, he imposed respect and gave it to others, he supported all people equally, he developed a great social work at the head of various institutions: he was president of the National Chamber of Commerce of Guadalajara; also president of the Red Cross of Guadalajara; he also chaired the Instituto Jalisciense de Asistencia Social; promoted the creation of a club called "Sembradores de la Amistad (Sowers of Friendship)" seeking unity in families."

He ordered the construction of a new building for the headquarters of the bank, which was inaugurated in May 1963, at the corner of calle September 16 and avenida Libertad, the work of the Austrian architect Erich E. Coufal. For Félix Díaz Garza this building of the bank that he founded represented one of his greatest achievements, of which he was very proud.

He died on 4 December 1983 in the city of Guadalajara.

Marcelo Gasse Gasse was a Frenchman, one of retail managers (jefes de menudeo) of "La Ciudad de México" from at least 1925^{El Informador, Año VIII, Tomo XXVII, Núm. 2,693, 9 April 1925} to 1936^{El Informador, Año XIX, Tomo LXXII, Núm. 6,823, 23 August 1936}. He married Juanita Mariaud de Gasse.

He died on 11 January 1968^{El Informador, Año LI, Tomo CXCIV, Núm. 17,884, 12 January 1968}.

Efraín González Luna was born in Autlán, Jalisco on 18 October 1898, the grandson of Vicente Luna Corona, the owner of various haciendas in the south of the state.

He served as a professor of Law at the University of Guadalajara School of Law and at the Universidad Autónoma de Guadalajara. He also ran a law office from 1920, sponsoring and advising a large number of commercial and industrial concerns in Guadalajara and the west of the country. He was advisor and legal representative of the Banco Refaccionario de Jalisco S.A.; counselor of the Banco Provincial de Jalisco; legal representative of the Banco Nacional de México; consultant lawyer of the Chamber of Commerce of Guadalajara, and lawyer of the Archdiocese of Guadalajara.

He authored a large number of literary, legal and political articles and essays, actively participated in editing the magazine Bandera de Provincias, and translated James Joyce and Franz Kafka.

He was a co-founder of the Partido Acción Nacional, was a candidate for federal deputy in 1943 and 1946 and PAN’s first candidate for the Presidency in 1952, gaining 285,555 votes equivalent to 7.82 percent of the vote.

He died on 10 September 1964 in Guadalajara as a result of a stroke.

Miguel Moragrega Ollé was born on 8 May, 1889 in Barcelona, Spain, and came to Mexico at the age of 16. In 1916 he founded the Casa Moraguera, which was a shop for imported goods, and in the mid 1950s opened the first self-service food supermarket in Guadalajara, located between Chapultepec and Libertad. In the next three years he opened nine more supermarkets in the city, including the first “Maxi”, selling everything – food, clothing and footwear^{El Informador, Año LXXIX, Tomo CCCVI, Núm. 28.191, 27 April 1996}. He thus became “one of most admired and esteemed drivers of the commercial development of the city^{El Informador, Año LIII, Tomo CCI, Núm. 18,523, 14 October 1969}.

He died in Guadalajara on 11 October, 1969 at the age of 80 years^{El Informador, Año LIII, Tomo CCI, Núm. 18,522, 13 October 1969}.

Ricardo Sada Paz was born on 2 April 1883, the son of Ricardo Sada Muguerza. In 1922 he became president of the board of the Compañía Bancaria “Monterrey” newly formed to broaden the Sada Paz businesses^{The company had with a capital of $500,000. Ricardo Sada Paz was president of the board, with Raúl Sada Paz, Julio W. Derby, Federico T. de Lachica, José Treviño and Matías Elizondo as members. Rodalfo Sada Paza was manager of the branch in Mexico City, Fernando Callejo in Nuevo Laredo, and Ricardo Viscaya as Cajero General (La Azteca, 16 April 1922).}.

Ricardo moved south and became a established industrialist and one of the “great and good “ of Guadalajara, as a members of organisations such as the Rotary Club, Lions, the Red Cross and Club Sembradores de Amistad.

He was gerente of the Comercial de Occidente^{El Informador, Año XXIX, Tomo CVI, Núm. 9,975, 1 May 1946}, connected with Monterrey since, as Gerente General of Comercio Occidental, he joined with Cristaleria, S.A., Vidrio Plano, S.A., Vidriera Mexico, S.A., Vidriera Monterrey, S.A., Vidrios y Cristales, S.A. in an advertisement congratulating the Nueva Ferretería Jalisciense on its inauguration^{El Informador, Año XXXII, Tomo CXIX, Núm. 11,193, 5 September 1949}. In In September 1953 was gerente of the Vidrieria Guadalajara^{El Informador, Año XXXVI, Tomo CXXXV, Núm. 12,659, 11 September 1953}, but resigned in April 1960 to move to Monterrey^{El Informador, Año XLIII, Tomo CLXII, Núm. 15,077, 28 April 1960}.

In banking, he was on the Consejo Consultativo of the Banco Capitalizador de Monterrey in Guadalajara{footnote}El Informador, Año XXXVI, Tomo CXXXIII, Núm. 12,433, 28 January 1953 and in 10 November 1960 was on the Consejo Consultativo of the branch of Financiera del Norte.

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