The Alaska daily empire., 1921-11-12


 taking up the coupons on it's ex- ternal loans Each moath it is add ing substantially to this fund and at the same time. meeting all 6bliga- tions in cash, including some six million pesos for the Centennial cele- bration, which is very modest sum. everything being purposely curtailed on account of the prevailing world conditions and the financial condi- tiOn of Mexico.
 c Celebration Money Well Spent
 But there was a strong feeling and rightly so on the part of the Mexican people. that they ought to hold some celebration commemorate ing the final achievement of their independence. a struggle for which was begun under HidalgO in 1910 and consummated the 27th of September. 1921. It was then that Iturbide triumphantly entered the Capital City and Mexico became an independ ent republic.
 The Government will either have a refunding of all external debts and issue new bonds or take up coupons on the present issues and let them run to maturity, and float new is sue to pay claims against the Gov ernment and finance the National Railways. all of which can be very successfully done after recognition by the United States.
 Finances Depend Upon Recognition Recognition and finances are so in timately connected that the. country can probably not be refmaneed until recognition is accomplished. Why is the United States hesitating about recognition-in the meantime losing commerce and trade? 1a
 Naturally when there is an over throw of government, or when 3 new government is established in any country, as d result of revolu- tion, other countries wait a reason able time before recognizing the new government, wishing to determ- inc the stability or permanency of this newly established government.
 In the case of Mexico we have q peculiar situation There is more to be considered. Mexico has the new constitution of 19i7 The Con stitution, it will be recalled, was written in the midst of a great up heaval, in<the heat of combat, in the tenseness of conflict. when there was in the minds of the leaders, and passed on to the people, the thought of Mexico for Mexicans.
 Constitution Needs Changing
 As a conseqence there was written into their Constitution many things that could and should be changed for the benefit of the Mexican people. Take one item, for instance. tbat is causing. perhaps. the most of the trouble. In spite of the fact that Article IA says: "No law shall be given retroactive effect to the preju- dice of any person whatsoever, nevertheless, Article 2 is so written that a storm has been raised in re- gard to the confscatory rights of the Mexican Government. This Ar ticle reserves the natural resources of mineral, oil etc, to the Govern ment
 The United States has been unwill- ing to recognize the present Govern ment This country would very like ly be unwilling to recognize any gov ernment in Mexico unless and until this whole matter is so thoroughly strengthened out that there can be no doubt about the retroactivity of Article 27 or the confiscatory rights of the Government, in so far as prop erty of foreigners is involved
 The final decision of the Supreme Court in this question was handed down recently and given to the press. It held specifically that this Article is not applicable to rights acquired before it's adoption
 < l met some very prominent Ameri- can business men who know and un- derstand Mexico, who feel very strongly that any investment made in Mexico today is entirely safe and they are here now planning for i'm mediate investments.
 Business On Sound Base
 talked with the Vice President and General Sales Manager of big concern in the States, who said. We have been doing busi- ness with Mexico for many years and all dealings have been most Even during the revo- lution we sold them and they have paid us every dollar. We are just now closing large contract. We are asking for no payment in ad- rance on our account. We are giving them 60 days after the arrival of shipment In Mexico" This gentle