El Paso herald. (El Paso, Tex.) 1901-1931, 1919-04-05
CHANGE IN CONSTITUTION OF 1917
WOULD BE GREAT AID TO MEXICOI

TRUE friends Of Mexico on both sides of the line
working uuremttiugIy to cause the Mexican govern
TO drop its appearance Of hostility toward foreigners
foreign investments Only II that way can the eoun-
Try prosper foreigners viii also prosper IS also true
The eoincdenta to the oheI Mexico cannot thrive
while choking the goose that lays the golden egg.
Mexico under the administration Of president Carranza,
has been trying continually 70 borrow money to run the
government Ii IS q Door investment from the bankers
standpoint The security is inadequate The country is
already under very heavy financial obligations. is a
oraged property which is not being improved to make It
valuable On the contrary due to the oppressive tao
TICS used against foreign enterprises It IS being allowed TO
deteriorate.
with proper comprehension of that fact, readily
understand why, when acting minister Of finance Ra-
ael Neto recently went New York to negotiate loan
for the Mexican government he met cool reception He
did not get the money He was told that when Mexico
manifested proper attitude toward foreign investors his
proposition would receive consideration The bankers
realized that the security Mexico had to offer for loan
must valuable before 1t could be attractive.
This undoubtedly made impression when hleto re-
ported it 20 his government and whatever confirmation
needed when president CarTanza sought the opln
Of Jose Yves LmantOur minister Of finance under the
Daz administration That wise old financial expert is
understood have advised Gen Caranza that Mezcos
financial situation hopeless long the government
maintained hostile stand against foreigners and their in
vessn, constantly fighting them with harassing orders
and cunfiscatoTy DEGREES.
So it is nov wen understood in Mexico City that If
Mexico would borrow money IN the United States there
be disposition 10 give square deal to foreign
uatonates and their interests provided by iHterna
tioual law. To borrow IN France England would be
more difficult because these countries have protested more
energeca than has the United States against the treat
accorded their nationals To borrow from Spain
would be impossible because Spanish interests have SUI
fe-ed severely than other natonaes in proportion
numbers and the amount invested. To loan
from Berlin Is Of course, out Of the question
Instead Of continual attempts to borrow, Mexico had
better economic IN governmental expenditures and develop
revenue present BY oonscatOry taxes but by
c0uragng industries The Of them there and the
prosperous they are the taxes the government
collect making its tax rates only fairly high
Mexico is uch IN undeTeloped resources, oil copper,
gold silver lumber livestock agriculture and many others
The United States is flush with capital It is the chief
money power Of the world There is plenty Of capital
awaiting investment and ready to 60 70 Mexico, but it
ill 90 unbidden guest to meet hostile host
The state Of Chihuahua is outlining publicity
pagu TO attract the attention Of American capital to op
Portuntes II Mexico How much more could be accom-
pished If the laws Of Mexico Hberalizsdi
Some change Of heart is manifest IN Mexico City, al
though government heads have given intmaton that
The hsBolshevik constitution Of 1917 viii be altered.
Some Of the important newspapers Of the capital ag
tang the matter and obtaining interviews from members
Of congress and others Of influence in political CONNER
nal circles
The Mexican congress is to be convened on Nay to
take up the oil situation It would be good idea while
the congressman at it. to look into the matter Of modi
wing the constitution Of 1917 relative to property nights
taxation and the status Of foreigners By bringing the
stituou IN line with international law the sefmposed
uoose that IS choking Mexico be removed
By reading into the story finds that the headline
Brisbane Riots" has nothing to do with the Washington
stl-0r