The Birmingham age-herald., 1917-08-25
FINANCIAL AID FOR MEXICO
By HOLLAND

By HO 1 New York, August 24.--(Special)-There is an undoubted disposition among inter- national bankers in favor of looking into propositions which, if they prove acceptable both to the bankers and to the government at Washington, would make it possible to loan to Mexico the large amount of money of which the | Carranza government is in need.
 | From an economic and strategic point of view, 1t Is regarded as sure to be or benefit to the United States if Mexico be provided with sufficient funds to es- tablish stable government. Although Mexico has no credit. nevertheless the republic possesses abundant resources, especially in oil and if in some way these could be so utilized as to furnish ade- quate security for the loan it undoubt- edly would be made provided there can also be assurances that Carranza will be able to maintain peace in Mexico, and ultimately to suppress the bandits l If he accepts such good counsel as | Americans have recently given him re- l specting financial and fiscal arrange ments, there is no doubt that our bank i CTS will be willing to advance to Mexico i $2oo, 900 900, or as much under that amount as is asked for.
 | There still remains a doubt. however, about the ability of Carranza to pro- tect property and there is dissatisfac- l ton with certain features of the new constitution of Mexico. However, it is deemed not impossible to overcome these | thoritatively to New York within few days justifes the inference that the Car ranza government will be willing and | glad to furnish satisfactory guarantees for the payment of principal and inter- l est of the loan.
 From the economic point of view, there would be unquestionable advantages to the United States even at this time or war in the beginning of Mexican pros perity and the development of the repub- lies resources American capital would 1 be tempted to make large investments in Mexico and the capital which has all ready been invested. especially in the oil territory, would be increased so that a high degree of development of Mexi- can oil properties would be attained This would be of advantage not only to the United States but also to England and indirectly to France. Again, 1t Is the feeling that If various obstacles that now stand in the way of loan | to Mexico can be eliminated and if the federal government should give its ap- proval to the placing of the Mexican loan here, transaction of that kind
 ti,,U nr,1 to any bitter feeling toward the Uni
 ted Staset that was prevalent in Mexico while the republic was in state of turmoil
 It may be that In the fall or early winter Mexico wifi obtain from the Uni
 ted States the money of which she
 stands in such desperate need for the
 establishment. of strong government.
 The war in Europe did no more than
 to hasten the day when there would
 be authoritative announcement that the
 production of food animals in the Uni-
 ted States was so rapidly diminishing
 that unless there was change we should be compelled to import meat in
 great quantities from South America and
 from Australia. Ten years ago James J. Hill spoke with impressive monition ot
 the necessity for great increase in our
 supply of meat. He not only spoke but he acted for he imported at his own
 expense breeding animals from Europe , with intent thereby to increase the SUD-
 nlv of meat animals in the northwest
 But before MT. Hill spoke. P. A. Val entine. one of the great authorities of his time on meat production. visited Ar , genuine to make up the deficiency in the , United States. The world is short ot
 meat and as the armies in Europe will
 require a great amount of it. this short ! age presents serious consideration. Il means that gradually our stock of meal ,J animals will be decreased and as we can ; not look to other parts of the world fol . innorts while the war lasts. we may b. compelled to face meat famine
 Hieh prices have considerably curtailec
 inc sale of meat in the United States and it is a curious fact that as the price |, of choice cuts increased there was 8 strong disposition to purchase the cheap 1 CT cuts so that the demand became SC great for these cheap cuts that the prices
 charged for them were relatively great
 CT than those which the choice cuts hat
 commanded.
 It is a serious problem and it is ont i, of the problems which Governor Whit
 man. George w. Perkins and others wht arc seeking to avert the peril of fooC ] shortage in New York state are now try 7 | ing to solve. Fortunately the Atlantic
 and Pacific coasts have abundant sup