Arizona republican., 1921-10-15
AMERICAN BANKERS FAVOR COMMERCIAL
 PACT WITH MEXICO
SUCH A TREATY IS TANTAMOUNT TO RECOGNITION, LAMONT EXPLAINS AT MEETING W ARMS AGAINST
 U. s. EXPLOITATION OF RESOURCES
TRepublican A. p. Leased WireI

MEXICO CITY, Oct. 14.-An inti- nation that the interests he repre- scented solidly supported the state de- partment in Washington in its de- mand for the signing of a treaty of amity and commerce by Mexico prior 10 the United States according recog- hilton to Mexico, was contained in an address made by Thomas w. Lamont at a luncheon at the American cham Der of commerce today.
 Our American business men in Mexico said Mir. Lamont. must not attempt to exploint Mexico. They must have scrupulous regard for pri- Nate and public rights. They must know at all times just where they stand.
 Whatever form of expression the Mexican government takes to mani fest its national attitude toward Americans Gas indicated in President Obregon's public utterances) is not a matter of so much importance to American business men always pro- vided that its declarations are of a character absolutely clear and explicit and capable of only one interpreta- ton by honorable men.
 -If such should prove to be the case. then indeed the clouds, which l already can see breaking away on both sides. will be completely dissi- pated. Then all cause for misunder- standing between these two sister republics will have been removed once for all; then as neighbors and friends we can count for generations to come upon undisturbed harmony and good will"
 Referring to his mission in Mexico, MT Lamont said it obviously would be improper to discuss this subject at this stage. He added:
 q am glad to testify that the mem bers of the Mexican government show 1o me that they have realization of the importance of these impending financial matters. and that they have approached our discussion with great courtesy and in a spirit of candor and good will. And in turn I may be permitted to say that the interests represent are animated with a desire to be of genuine service to Mexico IL is with this object always in view that I have come from New York. in order. first. to make it plain the in rrrests we represent and those of this government are in effect identical, and next, to offer to President Obre- gon such counsel and aid as we may possess"
 Mir. Lamont prefaced lis remarks
 
 tions in the United States. saying:
 Tn a business way the United States has seen the worst of its troubles. I don't say we are all ovei them yet. but we have been through the depths of the valley of desponC end are now beginning to creep LII the slope again. Clearly it is up net down. Our crops are good; tn steel business. always an importan index to the general trade. IS pickins np. as Judge Gary told me the day ieft for Mexico City, and railroa, earnings are improving. All these in dices are favorable, and I believe be fore the end of the year we shall hav gone forward far enough to be abl to look back at last Spring and sum mer and confidently say Yes, it wa the toughest part of the road
 Liquidation has been drastic an painful. and nobody can say it ha been completed: but we have gon far toward completion. Throughout all our critical troubles. our bankin system has proved itself sound an helpful and our federal reserve sys tenn has been a bulwark of strengtl
 You are already aware of tn views of American business men 8 n Mexico First, they earnestly de sire to see relations between the tw countries close and friendly. The believe that the only way to establis them permanently upon such a bas is 10 have such an understanding ( each others viewpoint that no ques tion can arise between us that wi not yield to ready settlement.
 There is bound to exist in the sif nation even danger if the under standing we have with each other only half an understanding or is am IiEous or susceptible of varying 1T terpretations."
 Afr. Lamont declared that the 1T formal public declaration of the pres ent government with regard to pr vate and public rights were not sa ssfactory.
 T am confident" he added, 'th their earnest intent is strongly to ol pose injustice of any kind. and to a cord fully tlrat protection and el rouragement that are so vital to coi tinued and successful business ente prise. And what business men
 the United States interested in hel ing to build Up the prosperity
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