The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-11-03
FINANCIAL LAW
SUBMITTED BY CABRERA
Secretary of Treasury Reviews Conditions of the Coun
try and Urges Cautious Middle Course in
Planning for Future.

Special Despatch 10 the Latin American
Section Of THE SUN.
MEXICO CITY. Nov. 1.-THE Secretary
OF the Treasury has concluded his study
Of the proposed law Of receipts for the
year 1920, and submitted It to the
Chamber of Deputies for adoption or
amendment. The Secretary speaks Of
the better conditions which are being
felt in the Republic, comparing the re-
ceipts Of the last six months with those
of former years and showing the in
crease of commences v1h the outside
world.
The report says:
I'm giving account to Congress in re-
spect to the general progress Of the Ad-
ministration, the President of the Re-
public advised In his message of the
first OF September that the difficult con-
ditions Of the Treasury for we'll known
causes are far from having disappeared,
but that in many of the aspects of the
national economical situation, and also
or the Federal financial conditions, are
noted uneQuivocal indications of bet
ter state of affairs. which demonstrates
that even II 1t be slowly. the country
will recover itself with it's natural vigor
"If in any epoch II has been demon
strated clearly the existence of a soil
darity among the citizens II Is in the
actual moment, with occasion of the
past general war, whose effects are still
felt In all parts and will be felt for
long time to come. This very important
International complication affected most
certainly not only the belllgerent coun-
tries, but all the rest OF the world, and
produced general effects many of which
we can give here exact account
World Wars Effects in Mexico,
Viewing things from the point which
most interests our country, and in gen.
eral all the so called new countries, II
may be observed as one of the first con-
sequences of the war the disturbance
of the normal relations existing between
the different nations In respect to the
movement of capital from some toward
the others, and especially the transfor-
nation and on occasion the suspension
OF the current of investment of the
countries stronger economically toward
the mentioned new countries. The same
upheaval produced as an immediate con-
sequence, besides the suspension of
small movements OF capital from one
country to another. vigorous effort on
the part Of the younger countries to pro-
vide for themselves in the best possible
manner and to endeavor TO subsist on
the basis of an economical autonomy
which was not known before. -
Both effects have been manifested In
Mexico and they will not disappear in
all their extension very rapidly. nor
much less In the course of the year 1920,
to which the present proposed law refers
The economical consequences Of the war
are not effectually Of those that are
easily effaced before being perpetuated
during considerable number of years.
One OF them will consist in that the
capital that may be produced in the
more or less stricken countries will be
dedicated preferably to the repair of
the damages caused by the war. and to
endeavors to reestabllsh normal condi-
tons.
I'VE cannot then count upon the cur