The Washington times., 1921-12-27
.M|LL|ONSFOR
|. j. s. IN TRADE
WAIT INMEX|C0
Veteran Editor Declares Recog-
milton by America Will Be
Key to Prosperity.
BY OTHEMAN STEVENS.
Copyright. 1871. by Star Company Nsw
York American and JouYnaD.

Copyright. 1871. by Star Company CNsw
York American and JsurnaD.
MEXICO City, Dec. 27.-"There
was published in the papers here on
Sunday telegram from New York
giving what the Wall Street Journal
had to say about no confidence in
Mexico because. while peace Is re-
stored, prosperity is not. Fortunately
people here know what the Wall
Street Journal stands for and we
know the interests to which 1t caters"
Recognition Ii Key. y.
1t was w. l.. VAN who il quoted
above. He was an editor Of note in
California, but has lived here twenty
six years, and combining q news
paper mans capacity OF observation
with the intimacy with affairs that
comes from being a business man, he
speaks as an authority. He con-
tinues:
II don't know any country to
which the coming OF peace has
brought prosperity. Mexico, In ad-
dition to bearing its share OF the alb
normal conditions Of the world. can
not strike her gait without recogni-
ton.
THAT il the key to the whole sit
uation. without recognition she can
not refund her ridiculously small ma
tional debt. American ftnancters are
willing to supply the money. but rec.
ognition Is a sine quo non.
Mexico il prepared TO refund the
debt and pay off back interest and
settle war claims, and then the great
flow OF capital now waiting would
begin with fresh capital, for this
country has been denuded Of its
financial resources by the civil war.
Tremendous Prosperity Would Result.
IAN lines Of industry would reopen
and a tremendous national era OF
prosperity would result. This In 20
patent that anyone can see that II
is true. Recognition would insure
Mexico, for another revolution would
mean a prolongation OF another re-
construction period and would almost
inevitably involve US In Intervention
that would cost US measureless treas
ure and treasured lives. 1t would
mean another fifty years or more OF
costly resentment.
Justice and international morality
demand prompt recognition, ana
what should appeal to a more selfish
view In the fact that we do 30 per
cent OF the business of Mexico,
which will remain ours II we foster
Mexican peace and independence
How about the Bolshevik boyle
man. The same moaning about that
sort of thing in Mexico ID a repetition
of what for many years was said
about my State of California, with its
mass Of laws for the plain people.
No Reds In Cabinet.
There is not a man of Bolshevfk
traits in Obregon's cabinet. True,
some of them were considered ultra
radical, but that radicalism has been
vitality modified because Of hard ex-
perience In labor and agrarian mat.
tiers. They have found their original
theories entirely impracticable, and
they are now seeking practical and
equitable means for relieving the
masses of the people of their deplor-
able condition.
Proof of this IL that recently the
supreme court decided that state
authorities could not arbitrarily ap-
propriate the lands. The govern
ment's position now ia that the radical
movement has been allowed to run
its course, and 1t is demonstrated to
the people that radicalism. will not
work.
Another truth showing that tho
government is not unreasonable 10
that it is revising the banking, the
insurance, and labor laws. and con-
sulting with those interested, to the
end that the laws will be practical
and acceptable.
"Our government should remember
that this 10 reconstruction period
and that will explain many things
Americans may unthinkingly criti-
else. The Increase in the balance of
trade In our favor under recognition
would be no less than immense. This
whole people is going to work. All
that is need is the the psychological
gertrude that would accompany
recognition.
Mexican business goes with good
will. These people will pay more to
do business with people they like
than with those they do not like.
Many Mexicans will pay 10 per cent
more for goods from California be-
cause they like Caiifornians who
know how to treat them.
Recognition would mean the i'm
mediate handling Of millions OF dol
lars of stuff our merchants now
have or their shelves and cannot
sell to anyone. ..t
Latin America and Europe for the
time are out OF the running because
of the exchange handicap. Mexico
is the one bright spot today for
American business; why the delay?
We Americans here cannot solve the
problem. / happen to know that
Elmer Dover told Senator Harding
In Florida before re was inaugu-
rated that II he, Dover, were Presi-
dent, he would recognize Mexico
right off the bat
They All Say the Same.
Every man that Harding has sent
here has made the same report. We
believe that Secretary Hughes is
absolutely honest in his position, but
there is in Washington a powerful
combination of half-centered interests
that has for a long time been trying
to bring about armed Intervention
in Mexican affairs for their money
interests.
They are either ignorant Of, or
careless of, the fearful price the
American people would have to pay.
That comb nation is doing all 1t can