The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-02-24
BANKERS UNITE
TO AID MEXICAN
INVESTMENTS
Ten Z. s., 5 French and 5.
British Men on Commit
tee Formed Here.
MORGAN is A CHAIRMAN
Csrranza Envoy Sent to N. Y.
on Financial Mission-Loan
Not Contemplated.
MORGAN IS A CHAIRMAN


and Great Britain have united in one Of
tbs strongest financial organisations ever
sormed. with the object Of protecting
foreign holders Of securities Of the
Mexican Republic and its railways and
commercial enterprises.
Announcement of the formation of q
committee for this purpose was made
Yesterday by Thomas Cochran Of J. p.
Morgan & Co.. in tho library Of Mr.. Nor
rams home at SO East Thirty-sixth
street. Nine members of the combina-
tion are bankers OF the United States,
and a tenth, not yet selected, will also
re American. while the ten others are
divided equally between England and
France.
The formation OF the committee, to-
sether with the recently expressed desire
Of President Carranza to resume pay
nent OF interest on the national debt
and the sending to this country of Rafael
Nieto, acting Secretary of Finance for
Mexico. appear to point to the possible
restoration of financial, and conse-
ouently general equilibrium in Mexico.
Prepared to Take Further steps,"
Not only will the committee protect
security holders, but, 1t was announced
formally. will be prepared also ito take
such further steps as may seem wise in
order TO afford counsel and aid to in
yestors who hold interests In Mexico"
No mention Is made of consideration of
. loan to the Mexican Government by
the united bankers. 1t is stated that the
Department of State and the French and
British Foreign Offices have been in
formed of the formation OF tho organ
ration.
Thomas w. Lamont of the Morgan
arm and ]. P. Morgan will he chairmen.
Mr.. Lamont is at present in Paris.
where, as a representative of the United
States Treasury. he is attending the
Peace Conference. He is utilizing his
cpportune visit to Europe to confer also
sith the British and French bankers.
The statement issued Is as follows:
The following international commit
tee has beenz constituted for the purpose
Of protecting the holders of securities
h the Mexican Republic and Of the va.
rious railway systems of Mexico; ant
generally of such other enterprises al
rous railway systems of Mexico, ant
committee will be prepared to take
such further steps as may seem wise II
yestors who hold interests in Mexico
J. p. Morgan. chairman, OF J. P.
Morgan &; Co.
John J, Mitchell, president. Illinois
Trust and Savings Bank, Chicago.
Walter t.. Rosen OF Ladenburs.
rhalmann & Co.
Charles II. Sabin. president, Guar
anty Trust Co, New York.
Mortimer L. Schiff of Kuhn. Loeb &
Co
James A. Stillman, chairman OF the
board. National City Bank. New York.
James n. Wallace, president. Gen.
tral-Jnlon Trust Co., New York.
Albert II. Wisgin, chairman of the
hoard. Chase National Bank, New
York
Robert winsor of Kidder, Pea
body & Co, Boston.
Laurence Currie OF G1yn. Mills,
cu-rie & Co., London.
Sir Clarendon Hyde OF s. Pearson
4 Son. Ltd. London.
f. r. Peacock. chairman OF the
Bondholders Committee OF the Mex
leo Tramways and the Mexican Light
and Power Group of Companies, Lon
don.
Vivian H. Smith OF Morgan. Gren-
FEY & Co., London.
Vincent W. Yorke, chairman of the
Mexican Railway Co. Ltd. London.
William dElchtal OF Mirabaud &
Co, Paris.
Georges Heine. director of the
PanQue de rUnion Parisienne.
Andre Honnorat member OF the
Commission for the Protection OF
French Holders OF Mexican Securities.
Jacques Kulp, auditor of the Banque
de Paris ct des Pays-Bas. Paris.
Joseph Simon. Inspector OF Finance.
general delegate of the Commission
for the Protection OF French HoldeEs
OF Mexican Securities.
To Investigate Fully.
This committee is not yet prepare
10 announce a definite programme
procedure, but In general its function
will be to inform itself as fully as POI
tble as TO existing conditions in Mexic
with view TO such positive action a
may he taken whenever circumstance
permit Especial care has been take
as 10 the composition of the committe
upon broad International basis, so a
thereby to insure so far as may be 1oir
and united action by security holder
IN all three countries concerned. namel
ne United States, Great Britain an
France
The U. s. State Department
Washington and the Foreign OFFICES n
tpectively Of the British and Frenc
Governments bsAalN cen +a-Ax led OF n
| formation OF this committee.
Upon #. w. Lamont's return to Ne
Iork city from Paris. where on beha
OF the United States Treasury he Is
attendance upon the sessions OF n
American commission to negotiate pea
and where he will have opportunity
comforting with the British and u
French interests, he will, as original
planned, undertake the active duti'
o. the Craftsmanship of the committee
Nine AItcrnntes Are Chosen.
The announcement of the organizatio
o. tho committee was made simulti
neousy In Paris. London and Ne
York. At the same time alternates Il
the American members to serve In ca
OF need were named. These are a. 70
lows:
John II. Fulton for James A. Still
man.
Benjamin 8. Guinness for walter
7 Rosen.
Jerome ]. Hanauer for Mortimer L
6chir
e n. Hubert for John J. Mitchell.
Thomas w. Lamont for ]. p. Nor
gan.
Frank W. Remick for Rober
winsor
Francis H. sisson for Charles II
sabln.
Edward r. Tinker for Albert H
wiggin.
J. Y. c. Walker for James N. wal
lace.
Tho Mexican question has oecupi
much attention OF late among banke