New-York tribune., 1919-02-24

made two spectacular raids and Sc
President Wilson.
procedure, but in general it's functions
VIII be to inform itself as fully as
possible as to existing conditions in
Mexico with a view to such positive
action as may be taken whenever cir
cumstances permit. Especial care has
been taken as to the composition of
the committee upon a broad interna-
tlonal basis, SO as thereby to insure so
tar as may be joint and united action
by security holders in all three coun-
tries concerned; namely, the United
States, Great Britain and France.
The United States State Department
at Washington and the Foreign Offices
respectively of the British and French
governments have been advised of the
formation of this committee
Upon T.. w. Lamont's return to New
York City from Paris, where, on behalf
of the United States Treasury, he is
in attendance upon the sessions of the
American Commission to negotiate
peace, and where he will have oppor-
tunlty, of comforting with the British
and the French interests, he will, as
originally planned, undertake the ac-
tive duties of the chairmanship of the
committee"
Alternates Are Chosen
Each American member has named
an alternate to serve in case Of need.
and the following have been appointed
to serve as such alternates:
John Il. Fulton for James A. Still
man.
. Benjamin S. Guinness for Walter T.
Rosen.
Jerome J. Hanauer for Mortimer L.
Schif.
f: D. Hubert for John J. Mitchell.
thomas w. Lamont forJ P Morgan.
FRANK W. Remick for Robert Winsor.
Francis II. Sisson for Charles II.
Sabin.
Edward R. Tinker for Albert H. Wig
j. Y. G. Walker for James N. Wal
lace.
Mr.. Lamont is also member of the
National Association for the Protec-
ton of American Rights in Mexico.
and will probably serve as a link be-
tween the two committees. Although
they will remain Independent of each
other, it is understood that thew will
cooperate The National Association is
composed chiefly Of industrial men and
comprises only Americans
win Gather Statistics
The bankers committee will forth
with set out to gather authoritative
statistics about foreign investments in
Mexlco which are now loosely esti-
mated at between 100000 1000 and
ssz,0oO,o0n,0 900. Mr.. Nieto estimated the
anne american holdings in Mexico at
SS0O,000000, and representatives of
American corporations with property
IN Mexico have placed the figure as
high as s2.000,OO0, 900.
Representatives here of the Carran-
zlsta government have indicated that
a compromise over the oil controversy.
which has been the centre of the con-
Hlct with foreign interests, may be
settled IN April, at which time the
mexican Congress will meet in extraor-
dlnary session. The Administration
will then propose, it is said, TINT the the
OIL DEGREES, which the foreign inter
ests characterize as confiscatory. be
shorn OF retroactive features.
MT Nleto and his associates here
reaAZe that the question of refundinp
the debt is closely associated with n
satisfactory solution of the oil ouos
Bruere Pleads for Mexico
Henry Bruere, former City Control
Ter and unofficial financial adviser to
lhe mexican government, said yester-
Gay: "Mexico's future depends on it's
economic development. This develop
ment depends on outside cooperation
from the quarter represented by the
interests on this committee. If the
committee will look at Mexico as
ha'lon' as human enterprise, it will
DC able to accomplish q great piece of
craftsmanship.
mere IS right and wrong way
OF gong about the work of the com
inittee. II the work is done in the
rlgne way. it will bring Mexico back
,io ii'to association with the civilized ma
IONS ana viii establish its credit and
good viii, without which it cannot get
aiong In the world Of nations.
Mr.. Lamont is big man, and avn
sure he will not consider the problem
IRON the point Of view Of money count
ing and coupon clipping, bu. from the
broader aspect Of assisting .he Mexican
people to develop their own natural re-
sources. new era in Mexican affairs
VIII be brought about by such coopcra-
ton between outside big business and
the Mexican people.
Constructive Counsel Needed
The committee, | take it, will offer
the Mexican government and people
constructive suggestions os TO ways ou.
Of their present difficulties, instead of
Iomenting the state of thnir holdinru.
What it will accomplish, Il 1t does It's
work right, will be to develop Mexico,
natural resources, establish sound
credit and banking systems, build I'D
education, make internal improvements.
promote sanitary living conditions. es-
tablish an adequate coastabulary to
maintain order and devise a land sys-
tenn whereby there will be many small
land owners instead of n few large
ones"
Mr. Bruere declared the Mexican
government had been unable, 30 far.
70 solve it's pressing problems, and
outside Expert advice and assistance
should bcSeicomed. He said the three