New Mexico state record. (Santa Fe, N.M.) 1914-19??, 1921-10-14
SENATOR BURSUM SPEAKS
AT Ell PASO; FAVORS
TREATY WITH MEXICO

the Obregon government OF Mexico,
United States Senator II. .. Bursum
of New Mexico, told FL Pasoans and
Las Cruces folks in Hotel Paso de-
Norte last night at dinner given
in his honor.
. The senator's declaration met the
approval of his auditors, among whom
were some OF the most influential and
prominent of FL Paso's and New Mex
ico's citizens.
James G. McNary, president OF the
First National Bank, was POSTMASTER
The speakers included Major Charles
Davis, E. c. Held, president of the
Ei Paso Chamber of Commerce. Maj.
Richard F. Burgess, on behalf of the
state of Texas; Horace B. Stevens.
Former State Senator H. B. Holt OF
Las Cruces, Angel Martinez, president
of the Juarez Chamber of Commerce
Capt. H. d. Slater and James y. Black.
Senator Bursum declared himself un-
equivocally in favor of the early rec
ogniton of the Mexican government,
and paid high tribute to President OBJ
regon for his work in restoring peace
to the war-torn neighboring republic.
Favors Recognition of Mexico
Il believe" said Senator Bursum,
that the difficulties that heretofore
deleayed the recognition of Mexico
have been dissolved. | think that
the Obregon regime will soon be rec
ognized by the United States, | am
in favor of its recognition
Senator Bursum said he would be
glad to have FL Pasoans call on him
if they thought he could be of SER
vice in his official capacity at Wash
ington. He pledged his assistance to
have the passport situation here in
vestigated. Mr.. Held and other speak
ers at the banquet had intimated that
rigidly endforcing the letter of the
law and ignoring its spirit, with con-
sequent inconvenience to merchants
here and in New Mexico.
Senator Bursum said the interests
of the FL Paso Chamber of Commerce
were ably served at Washington by
its representative J. H. Happier.
Senator Praises Happier
He is efficient, painstaking and
withal popular among the legislators
said the senator.
Senator Bursum said that the rail-
road problems of the nation called
for amicable adjustment rather than
criticism.
"The mistake of the past are as
water that has gone over the dam,
he said "The only virtue of those
wartime errors is that now they serve
to demonstrate a lesson. That lesson
is that the government cannot sue
cessfully invade the domains OF priv
ate business.
"The thing to do now is to pay
the railroads what we owe them and
then get an absolute divorce from their
momentary management. The idea OF
guaranteeing to railroads certain
percentage of income on their physr
cal valuations is not, and never was,
economically sound.
"The doctrine of allowing the rail
roads to charge what the traffic will
bear, has a rightful basis in the his
tory of railroad successes. A railroad
is not serving a useful purpose unless
it can haul produce to market at a
profit to the producer and at profit
to itself"
Discuss Business Conditions
In his summary of business condi-
tions, Senator Bursum said that post
war conditions had crippled COM
merce.
Business has been bad" he said
"but the bankers have withstood the
ordeal Especially worthy of compli
ment is the way in which bankers OF
the southwest have responded to the
test of crucial times. They merit con-
gratulations."
international financial stringency |
tended to intensity the momentary de- |
preston of the United States, the sem
ator said But he foresaw, he said,
the early recovery of European credits
and the consequent prosperity of the /
world.
Foreign countries owe the United |
States l.OO0.OO0,OO0' said Senator
Bursum. THAT sum includes principal |
and interest. I am not in favor Of the
cancellation of 81 of those debts. The
United States should handle the Euro
pean nations who owe them money as
any capable banker handles his credit
ors in difficulties. Business principles,
not sentiment, must prompt the ma
tons judgment.
Europe Rapidly Recovering
Europe is recovering rapidly from its
economic impairment BY next year
the creditor nations there will begin
to pay their debts to US at the rate
of S5O0000,000 annually. They can do
ii. Only the bungler in business would
permit them not to do il. II is my /
belief that the European nations
should have the right to buy back
their good standing in the worlds mar
kets. I am not in favor of depriving
them of that privilege"
Recla nation of Land
Reclamation Of thousands Of acres OF
land in New Mexico, now under gov
ernment control by residents of that
state and surrounding territory would
stimulate business in the southwest
and would, in a measure. solve the un-
employment problem now confronting
President Harding and his cabinet.
Senator Bursum said.
Senator Bursun voiced the opinion
that better times were ahead FOR the
United States, and especially the
southwest
Copper mines of this section viii be
running full blast by next spring. and
when the copper mines open NJ again.
so viii the coal mines ard all other IN
dustries." declared Senator Bursun. 1;
lands now living Idle in New Mex
ico," said the senator. could be worked
to an advantage and could be r-ade TO
Weld 2 nrofit 70 the nrndnrer That. Of