The Washington times., 1922-01-12
NATIONS
GRAbIN MEXICO
As j. 5. bALkS
Despite the Fact That Credit
Bureaus Here o. K. Deals,
Recognition Is Held Up.
BY OTHEMAN STEVENS.
opyrirht. 1919. BY Universal Service,

might move him with altruistic senti-
ments Of kindness, you might i'm
press him with arguments Of political
necessities, you might argue with
him on the basis that you were y
representative Of Standard OIL. or .
PARTNER of ]. p. Morgan. and excite
his sympathy or his interest In not
eating you. .
But II you encountered in the finaa-
tial jungles Of New York q Credit
Man II would be useless to read
Shelley's odes to him; 1t would be Of
no avail to. say you were q member
Harding. or understood psychoan-
alysis. l." O., " e.
You would have to show him that
you paid your bills.
Evidence Of Al Credit.
. Today I came across bit Of evil
dence about Mexico in q business
mans office that should count more
toward a verdict of Recognition
Granted" than any statement from.
presidents, cabinet ministers or NJ.
hobs of any sort in Mexico. ~. .
For this evidence Is contained In a
circular. for some impossible reason
marked confidential; q circular is
sued by the National Association Of
Credit Men of the good old u. 8. A. T.
The American : business man who
had the circular handed IT to me with
the remark. that as regards one pare.
graph. I needn't mind the ''confiden-
tial" instruction
That paragraph advises the men,
bers Of the association that its agents
tA1 hA ~
the eleven different businesses in
Mexico having transactions with
American firms and that. Mexican
credits are excellent"
Can more than that be said about
any. nation? ..
And here are some figures about
business with Mexico since 1910, the
last year of the Diaz regime. and to
them the banner year Of business be-
tween the two countries down to the
fiscal year ended " It'll last June; and
when you read the figures. remem-
Der that President Obregon took his
seat in May, 1920.
In 1910 Mexico bought from the
United States $63,85S,940 worth Of
MANUFACTURED products and sold to
the United States SCI, o92.5o0 worth Of
Mexican products.
United $131 1855, 100 worth Of manu-.
factured products and sold $14S, 1885,
276worth OF Mexican products.
In 1920 Mexico bought from the
United States; $207 .S54.197 worth Of
manufactured products and sold back
$1s8.1s1.o75,S w ort h of ). Mexican
products.
Buys More In 1871.
In 1921 for the twelve months end.
ing with June, Mexico bought from
the United States $267.200, 366 worth
and sold in return $1b4.793,154. Total
trade for twelve months ending June,
1921, was $421, 993.520.
Reliance can be placed on those
statistics because they were collated
by the American Chamber Of Com
merce here, where they were given
to the correspondents.
They were shown to an American
business man who said:
What that business would surely
become with recognition would sound
impossible.
Some # the big American concerns
are already tired of waiting and
within a few weeks past have estab-
lished themselves here.
These are not trivial concerns,
either; they are not real estate pro-
moters. nor concerns capitalized with
hope.
A few names will indicate their
potency: Baldwin Locomotive Com
pany, American Locomotive Sales
Company, Westinghouse Company,
Honolulu Iron Works. Austin Manu-
Corporation. Lambert Com
pany OF st. Louis.
o. The American business man now
doing bus ness knows that Mexico Is
not seeking recognition as an act of
charity or for its sole benefit, for he
knows that where Il will benefit
1t will benefit America more.
And he knows this: That where he
makes $1,000 now, with recognition
he would make ten, twenty, mayhap
100 times that sum.
Other Nations on Ground.
II the United States merchants do
not want to sell their stock of goods
and get the money for them; II they
do not wish to expand q tremendous
business; II they want to monkey with
the .insouable problem Of European
exchange rather than deal with a
that is on Q gold basis; II
tHcy w hui WtSh W IuhhC u tTdue
Of over q 500, 200, 900,
one Of several billions, why then, their
is doing its level best to
meet their wishes.
Canada does not feel that way; that
domin on sent a trade commission here
which has just left, and announced
It's decision at once to establish
steamship line from Vancouver to
Vera Cruz, via our canal for the
business that their capitalists pro-
pose to do.
Germany does not think so. for Il
has bus. ness proposals of the most
tempting kind for the Mexicans, and
offers instead Of cash to take prod
ucts for what II sells.
England does not think so. for
British capitalists are here securing
for building many miles
Of railway.