New-York tribune., 1920-10-20
More Creditors
Of Mexico
Get Backing 9
Swiss and Dutch Groups Are
Admitted to International
Group; Definite PrQpos-
ais Are Expected Soon
Step Toward Recovery
Bankers Said to Control All
Principal Investment Mar
kets; Plans Crystallizing
Step Toward Recovery

Swiss and Dutch creditors of Mexico
have obtained official representation, it
was learned yesterday, in the Interna-
tional Committee of Bankers on Mex
lco, formed more than year ago by
American, British and French bank
ing interests for protecting the holders
of securities Of the Mexican Republic,
OF the various railway systems of Mex
leo and of other such foreign enter
prses as have their field in Mexico.
c. f. ter Meulen, of Hope &
Co., of Amsterdam, Holland, has
been made member of the committee
on behalf Of the Dutch creditor inter
ests. G. Pictet, of G. Pictet &
Co., of Genoa, Switzerland, will rep
resent the Swiss financial group.
Their appointments to membership in
the international committee are sub
ject to the approval Of the respective
governments, it was stated yesterday.
In the future conferences Of the sew
eral groups the Dutch reEro sentative
will sit with the British and the Swiss
with the French.
AS result of investigations that
have been under way for many months
on behalf of the international COM
ers are now in a position where they
are able to make definite proposals to
the new regime in Mexico With regard
to the resumption Of interest payments
on Mexican securities, and possibly a
consolidation at an early date of the
obligations of the Mexican govern
ments held by foreign investors. 1t was
intimated yesterday that developments
along this line might be looked for
after the election in November.
When the international committee
was formally organized early in 1919
it was asserted that the bankers rec
ognized that they virtually controlled
the financial markets to which any
Mexican government in quest of funds
would have to visit. 1t was indicated
that the formation of an international
group might be regarded as d step
toward the rehabilitation cf the MeXi-
can debt. Since then the committee has
gathered together great mass of
data respecting foreign investments in
Mexico which have been loosely esti-
mated at between 81 ,000,C00,000 and
So 1000, ,O00,~ of which the American
The complete personnel Of the in
ternationa committee which is en-
gagged in working upon Mexico's tinan-
cial problems follows:
American group. P. Morgan, chair
man, j. P Morgan {, Co; John j.
Mitchell, president Illinois Trust and
Savings Bank Walter T. Rosen, La
denburg, Thalmann & Co.; Charles H.
pany; Mortimer L. Schiff, Kuhn, Loeb
& Co.; James A. stillman, president
National City Bank; George W. Davi-
son, president Central Union Trust;
Albert H. Wiggin, chairman Of board
Chase National Bank; Robert Winsor
Kidder, Peabody & Co., Boston; Ed
ward F. Swnney, First National Bank,
Kansas City, Mo.
SUBJ committees Of American group
Public debt: J. P. Morgan, Robert Win
sor and James A. Stillman. Railways :
and Walter 7. Rosen. Industries
Charles II. Sabin, George W. Dawson
and John j. Mitchell.
British group : Laurence Currle
Glyn, Miles, Currie e. Co.; Sir Claren-
don Hyde, S. Pearson & Son. Ltd; +,
R. Peacock, chairman bondholders COM
mittee of the Mexican Tramways and
the Mexican Light and Power group
of companies; Vivian II. Smith, Nor
gan, Grenfell & Co.; Vincent ". Yorkc
chairman Mexican Railway Company
Ltd.
French group William d'Eichthal
Mrabaud & Co.; George Heine. di-
rector Banque de lUnion Parisienne
Andre Honnorat, member Of the Com
mission for the Protection Of French
Holders of Mexican Securities; Jacques
Kulp, auditor Bank de Paris ct des
Pays-Bas; Joseph Simon, Inspector OF
Finance. general delegate of the Com
mission for Protection of French Hold
ers of Mexican Securities.
Swiss and Dutch group-C: +. tel
Meulen, Hope g. Co., Amsterdam; u
Pictet, G. Pictet, Geneva.