New-York tribune., 1919-02-24
American, French and Brit
ish Financiers Pick Com.
mittee to Learn Conditions
Step to Rehabilitation
Action Taken With Knowl.
edge of Governments; Sol
idarity to Bring Respect

Leading American, French and Brit
6 ish bankers have united, with the
knowledge Ct their respective govern
ments, to inform themselves "as fully
as possible as to existing conditions in
Mexico with view to such positive
action as may be taken whenever cir
cumstances permit" Through the
Committee of international Bankers on
Mexican Affairs, the formation of
which was announced yesterday they
will act jointly for the protection of
: the interests of holders of Mexican
eurities. J. P. Morgan is chairman of
the committee.
It is known that the committee was
launched after an extensive series Of
conferences both here and abroad, to
some of which representatives of the
three governments are believed to have
been invited.
The bankers represented on the COM
mittee recognize that they virtually
control the financial markets to which
any Mexican government in quest of
funds would have to visit, and 1T is
understood that they feel this solidar-
ity will cause the Carranza govern
ment in its economic DEGREES and laws,
to have due respect for the opinions OF
the interests they represent.
Various occurrences recently, 1t was
pointed out yesterday, indicate that
the Mexican situation is fast reaching
q focus.
Step Toward Rehabilitation
Ambassador Fletcher is now in
Washington, with Mexican desk in
the State Department. Rafaelo Nieto,
acting Minister of Finance of Mexico,
is in New York on q mission of in
auiry" 10 learn the terms on which
the present government of Mexico can
get banking assistance here for the
Rehabilitation of the national and rail-
way debt, no interest on which has
been paid since 1914. Mr.. Nieto has
estimated the national debt outstand-
ing at S25O,0O0, 900, and added that the
railway debt guaranteed by the gov
ernment would bring the total up to
1910, 900 900
1t was indicated yesterday that the
formation of a bankers committee |
might be regarded as step toward |
the rehabilitation of the Mexican debt /
if the Carranza government will give
the guarantee which the financiers
might agree upon. And the National |
Association for the Protection of |
Rights in Mexico has recently been |
formed.
= Thomas Cochran, of J. P. Morgan &
Co., acting for Mr.. Morgan, who is
abroad, issued a formal statement re-
garding the new committee yesterday |
afternoon at the Morgan library in |
East Thirty-sixth Street.
To Protect Security Holders
The statement follows:
"The following international commit
tee has been constituted for the pur-
pose of protecting the holders of Sc
curities of the Mexican republic and
of the various railway systems of Mex
leo and generally of such other enter
prises as have their field Of action in
Mexico. The committee will be pre-
pared to take such further steps as
may seem wise in order to afford coun
sci and aid to investors who hold in
terests in Mexico:
J. P. Morgan, chairman Of J. P Nor
gan G. Co.
John }. Mitchell. presient Illinois
Trust and Savings Bank, Chicago
Walter 7. Rosen, Of Ladenburg, Thai
mann e. Co.
Charles H. Sabin, president Guaranty
Trust Company, New York.
Mortimer L. schif, of Kuhn, Loeb
.& Co.
James A. Stillman, chairman of the
board, National City Bank, New York.
James N. Wallace president Central
Union Trust Company, New York.
Albert H. Wiggin, chairman of the
board, Chase National Bank, New York. |
Robert Winsor, of Kidder, Peabody
& Co, Boston.
Laurence Currie, of Glyn, Mills, Cur
rie e. Co., London.
Sir Clarendon Hyde OF s. Pearson &
Son, Limited, London.
Z. r. Peacock, chairman Of the bond
holders committee Of the Mexico Tram
ways and the Mexican Light and Power |
group of companies, London.
Vivian H. Smith, of Morgan, Cren-
fell & Co., London
Vincent W. Yorke. chairman Of the |
Mexican Railway Company, Limited. /
William d'Eichthal, of Mirabaud &
Co.. Paris.
Georges Heine, director of the
Banque de l'Union Parisienne.
Andre Honnorat, member of the
Commission for the Protection of
French Holders of Mexican Securities
jacques Kulp, auditor of the Banoue
de Paris ct des Pays Bas, Paris
Joseph Simon, Inspector Of Finance
general delegate of the Commission for
xne protection OF French Holders ~
Mexican Securities. "a
Lamont To Be Chairman
This committee Ia not vet nrenarea
TO announce definite programme ~ |