New-York tribune., 1919-12-11
Govt
|To Send Financial
| Mission TO London
h,y Persuade Foreign Bank
ers to, Send Delegates
Here to Make Credit Ar
rangcnTnts

me Kerueffc oF Mextc,s will send a
A.ncial mission to Lcndon about
s.rasr,yi> /. r became known yesterday.
,shsuga otficial v the mer chosen viii
7, shafged vita straightensn+ out ne
wearys oi the old snancis' agency
s,Y~ which was closed in 1914, at the
I'd Of the Iuerta rdgisnr. il IS as
..xed BY Observers Of Mexico's tinanc 8
al ths dclsrN'es Will sound our tho
ss,ais Of European bankers toward
\. proposals Q the Carranza govern
sr-t for rehahiiitating the national
gssncio Nieto former Ac.i-g Minis
~ a. Finance who ear ie~ in the year
saserTcd with leading Wall Street
Hnnkers on the subject of resur;Eg in
II yox'c~ viii he IN the r, ssion. to-
a~,her with Alfredo Caturegli tinancial
Nix CO in New York. Other
a~rcsentatives Of the treasury. It is
I'D viii be- sent to meet these men in
dTandon TIE mission ex. cts to be
d,cnc abou. two months and Eduard
3r,I Razo Who vas head of the none
aary cor.m ss.on. vii act in the n can
,;ne rs h ad Of the financial agency N
KNe~ York.
I The mission will not restore the
agency in London. but Will formally
asird u is Affairs 1t is sclt that New
fYork The financial center at present
y,rd that fnal nego.ia ions between
sxoxico and her creditors will have 10
.aos consummated eventually in New
Work. Those in touch with the inten
s ;ions Of the Ca rama administration
sssert that il would like to have for
eicr bHnkinr z ouns send DELEGATES to
tbs city with authority to max" ar
: rarg ncnts in the matter o. credit r"-
+ hsbil ,ation, and il has gested tNat
/ tie snecial mission might bring this
about
! SINE students CT Mexican Affairs
centend that the compromise propos
! for t'e adjustment of NJ xco's debt
might meet with greater favor among
her Eu~on an than anon hAr Ameri-
can c-ed -ors becouse the O'd Wcr d
/ i desperately n need o. funds ard the
Mexican bt at present elds no hing
| However il is felt that on Y pre'imi-
| ,ary feeling cut could Be done at tn S
line The direct OBJ i~atio0s O. the
4 g-xican government. inc'u1'~~ back
interest. amounted 70 $3T5 290 III at
i he bee ming Of 1919 excludin~ the
q nlwav deb. Guaranteed By the govn~n-
d nent and the Carranza governn' ent has
i srnoLrced hat if it can arrangn to
I iu7d rs back interest, overdue si"ce
1914 it WI be ready, perhaps IN 1920,
10 ray current interest charges.
4 Earlier tbs year, Mr. Aicto, after
corfe~ring viii bankers here who were
granted INTO an international COM
r;.tee learned under wat condition 5
Mexico cou'd IT axe arrar genents. AS
he itua ion now stands in deadlock
Il is considered up to the government
! 10 take the initiative.
Aror~ the fin~rcia' obstacles that
prevented the cd ption If a policy
esriier in the year the following. it
vas assorted at sources c'~s to the
Mexican government yesterday stood
out In the f-st place Mexico out.
) rer cent and s;nce Fundamental
nave raised universally TIE cost of
borrowing money, Mexico u7d that
20 fu0G tho back interest and
~neo da-e the various ou.star din~
sues it would be necessary to put
out rev securities at a very nue.
aigher rate O. interest. Secondly,
here was a sagreNmcnt between the
Ser' ers and the government as 20 the
g." 0o0 600 lean made in 1913 by
Huerta: the Carrar7a adm nis+rati0n
ienicd. ii $ underst TODD: that this BIZ
ntior was legally incurred a-d bind
rg whereas the bar kers refu ed IA
accept any pan which d not provide
:or nee.ing this obligation. Thirdly
he Car-ar "a g0vernn nent is prepared
t IS sa d 20 meet current interest and
.u-d past interest only on the loans
IT TIE ~over~roent itself and not on
he railway debt which IS gu 'ranteed
,y the government. F urth'v th0
yexcan government has intimated
hat il wo Id he urreadv 70 comp etc
iranciai arrangements until it knew
3 accurately the extent o. its obligN tions
q .or damages done to the property Of
.Ore'gHers drrirg the Madero and
I carranzista revolutions. Mexican off
4 Gals Rave asserted that at present the
sovernmcnt could pay out 100000 600
annually in debt charges ard could
Increase this amount IN proportion
reduced military expenditures which
The government expects will fall off as
ihe country becomes pacifi d
The req r. that the Mex can Senate
bad passed the petroleum bill of the
ain retroactive features from hose
eau es Of the new Mexican construc-
ion, which oil cor oanies here have
called "co7iscatorv." was not inter
Ireted as especially favorable to the
facilitating of the financial negotia-
\ rs. which have been dronned FIR
he time beng Spokesmen for the
earr7n ooverr ment indicated that
she FOREIGN oil intcrest will be con-
erted with not ing Nu' return to the
old system, which they say is impos-
,sbe.