New-York tribune., 1920-08-27
Alvarado Saws
Mexico Needs
$75,OOO,OOO
Southern Republics Cabi-
net Minister Urges U. S.
to Help People Now
United for Peace
Leading N. Y. Financiers and
B>iness Men Pay Trib.
ute to Carranza Foe

General Salvador Alvarado. Minister
OF Finance and Secretary of the Treas
ury of the Republic of Mexico. was
the guest of honor at luncheo
rendered him yesterday by Lewis L
I Clarke, president of the American Ex,
change National Bank of New York. al
the Bankers Club More than 100 OF
the leading fnanciers and business ane
professional men of the city were
present.
AT the guest table, in addition to Mr.
and Mrs. Clarke and the Mexican states
man and his wife, were ]. Herbert Case
deputy governor of the Federal Re
serve Bank; Alfredo Caturegli, finan
clal agent of the Mexican government,
Abram |. Elkus. associate Judge of tht
New York Court of Appeals; Edward
X. Kennel, deputy governor of tn,
Federal Reserve Bank; James w. Ge
rard. former United States Ambassado,
to Germany, and R. p de Negri, Consu
General of Mexico.
Formed Hemp Commission
In introducing General Alvarado Mr.
clarke said that the educational worl
accomplished by him was so vigorou:
that no inhabited spot in his state. Yu
catan. no matter how small! was 1ef'
without school, and in three wears. he
SAID, more than 10000 illiterate
learned to read and write.
HIS greatest work" continued Mr.
Clarke, "and the one by which he il
pest known IN this country, is the or
ganlzatlon and establishment of the
hemp Commission, for the handling O
tne slsal crop which furnishes tn,
olnder-twine for the harvesting of ou,
crops and those of Canada. beside,
many of the foreign countries"
Mr. Clarke said that 1000 land own
ers in Yucatan paid $4,000 annua
taxes, but that after the communit,
land was restored to the small an,
rightful land owners by the just agra
rian laws which General Alyarad
formulated the annual taxes were in
creased to bring in revenue of 50.
100000 annually to the State of Yucca
tan.
MIR. Clarke added that the Genera
organized the planters into one grea
organization to which all the produc
OF the farms was delivered and sold IA
fixed price, determined by the com
mission from time to time and handle,
and sold by this commission. TIL
profits were divided pro rata anon
the planters. after deducting the OK
penses of the organization.
Foe of Carranza
Continuing, MIR. Clarke said: "Hi
fearless arraignment of the Carranz
rac " tha of t;c q
paper, The Herald, was one of tn
strongest influences in bringing abou
/ public opinion which made the recen
revolution successful as we'll as prac
tically bloodlcss."
General Alvarado, after respondin
to his hosts introduction, said tina
| SIS, 900 would be needed to rehabil
itate Mexico, which he announced wa
/ badly in need of help alter decad
cf revolution and disturbances, bu
with all of her people now united in
desire for peace, work and prosperity
the new government, he added has tn
support Of public opinion, and woul
spend the money in working out it
three major problems.
These he briefly outlined as:
Reorganization of the banking sys
tenn.
I,
transportation means, including re
/ habilitation Of both railroads and tn
merchant marine.
Giving work to the unemployed, es
pecially those who have served unde
the various revolutionary factions.
He estimated that onc-third of tn
5000 900 would be needed for eac
of these three plans and deplored tn
present banking system IN Mexico, say
ing that money lenders, profiteers an
middlemen are crushing the farmer
who have large crops of cotton, hem
and chick peas this year.
Those at the Luncheon
Among those present at the luncheo
were:
Charles Philip Coleman, Ogden Ret
I Charles NJ. Schwab, Clarence II. Mac
kay, General Coleman du Pont, Fran
A Munsey, Dwight W. Morrow, r. Full
ton Cutting, William Fellowes Morgan
/ William A. Jamison, Nicholas f. Brad!
/ Franklin Remington, Carl NJ. Loci
Harry F. Guggenheim, w NJ. Ramsay
William Loeb jr, Oren Root, Edwar
L. Doheny, Frank H. Bethel, Loui
Wiley, William A. Prendergast, Henr
Bruere, Claus A. Spreckels, Walter I
Frew, f. H. Outerbridge, Charles !
Peabody, Leroy w. Baldwin, Francis |
Hine, Charles A. Coffin, L. f. Lore'
Alvin W. Krech and Bayard Dominica