The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-11-03

rent Of investments OF capital in our
country resuming very soon Its former
force, though neither should we fear an
absolute stagnanoy. In reality the for
eign investments never ceased in Mexico
even during the most acute periods OF
the international conflict and our own
internal disturbances, but our econonii-
cal life, founded long ago upon repeated
investments of foreign capital does not
now reckon with that recourse. except
In a limited manner.
upon the other hand the great COM
motion which commenced In 1914 has
had. among other consequences, a gen.
eral elevation Of prices, and as a result
In the same way in the cost OF living
In general. II could have no other re-
suit, now 'Not the Immense destruction
of life ami property produced by the
armed conflict compels them to seek
simpler facilities for the satisfaction
of the necessities Of life and a greater
EFFORT to gain his point,
THE enhancement OF the cost OF living
represents an obstacle for the produc-
ton of public revenues not only In the
belligerent countries but in all the world
by reason Of the same solidarity already
mentioned That is to say that in con
sequence Of the economical and financial
phenomena developed by the war thu
examination of tho economical situation
Of our country and the calculation Of the
proba bilities for the coming fiscal year
should be dominated by the idea that
for all the world in general and not for
Mexico alone there will come times Of
difficult economical reconstruction.
Country Growing Normal.
although slowly, our country IL sure
ly advancing on the road of paciflcation
and restoration. but It Is Indispensable.
without doubt to take into account the
present abnormal conditions of our In
terror life, as much as to consider the
necessity of maintaining certain ex-
penses that. Notwithstanding being
heavy, we must continue supporting I'M
til we obtain n normal condition, as we'll
as to calculate that in the coming nor
NAL times there will be causes that will
continue to act as obstacles to the COM
plete development OF the national riches,
and for that consequence. the complete
expansion of the public income.
This Is not to say that in making
the estimates Of the receipts we should
make them in a pessimistic spirit but
it is to say that 1t would not be prudent
to give ourselves up to an unjustifled
opVliHlsIIl Dotn extremes would De equal
~ dangerous. That the enemies of the
country from an economic point OF view
continue vigorous, is q fact that Is dem
orstrated by daily observation and
should be manifested in the course OF
the construction of the proposed new
law by the examination OF the data
which II will be necessary to take into
account for It. but for the other side
the general and local causes to which
have already referred constitute an ele-
ment Of very powerful resistance. and
for this reason our general appreciation
should be based on a prudent medium
between fear and hope
Sane Judgment consists In providing
that the economical course should con-
tinue developing. although not with the
facilities nor with the rapidity which
would be manifested In a normal sit
uation equally in the world as In the
Republic"