New-York tribune., 1920-08-28

the United States acted. Both Euro
pean and American nations he said
were waiting for Washington to take
the lead.
Wait for United States to Act
He said that the efforts Of Pala-
vicini and other emissaries to negoti.
ate recognition had unfortunately been
unproductive. He was being sent te
England, he asserted, because he had
numerous connections there, but die
not believe that he would be able te
secure British recognition of Mexico
until the United States had acted.
One Of the leading Independent,
newspapers this morning published a
lengthy analysis of the Mexican planks
IN the Republican and Democratic plat.
form, pointing out that there is vir-
tually no difference in the Fundamental
principles expressed by the two great
parties in the United States regarding
Mexico. The newspaper article as.
sumes that both planks constitute 8
reputation Of "the Wilson policy oi
regeneration" and confine themselves
to clear-cut demand for fulfillment
OF rights under existing international
agreements and international law.
The Foreign Office has sent out g
clrculaf to all consuls announcing that
an political refugees now out OF
mexlco be allowed to return without
fear of judicial action for political
offenses. While it was not so set forth
the circular is interpreted to mean
that thse guarantees do not consti-
tute q pardon for criminal offenses
committed by the refugees. The con.
suls also were informed that the coun-
try is now peaceful throughout and
that foreigners should be urged to re.
turn and resume operation of their
properties which they were compelled
to abandon several years ago.
Others seeking to come to Mexico
for purposes of investment should like
wise be encouraged, the consuls we're
advised.
Americans Returning
Many Americans who have been
absent from Mexico for the last sew
eral years are returning, and the
hotels of this city are full of visitors
who are looking over the situation
with view to Investing.
Travellers recently returning from,
various parts of the country report
that geological experts of many ma
tionalities are investigating possib;li-
ties of investment in the west coast
southern states. This is considered
an indication of a prospective boom
While it is generally recognized that
projected land labor legislation and a
ruling of the Supreme Court on petro-
ieum laws constitute a check on in
vestments, many persons are inclined
to accept the situation at its face value
and go ahead. Business experts re-
port imports and exports constantly
increasing and volume of production
within the country growing by leaps
and bounds. Mexico, they believe, is
likely to become one of the greatest
nations in the world as soon as ade-
quate banking facilities are. provided
and more flexible currency assured
This question, in fact, is already near
ing agreement between all concerned
and bill IS being prepared for pres
entation to the next Congress which
provides for single bank issue SINH
lar to that of the Federal Reserve
banks of the United States
Other legislation affecting business
is considered unlikely during De la
Huerta's incumbency because of the
large amount of business pending now
in Congress and the probability that
considerable politics will be injected
into the discussions