The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1922-06-19

bility of the Obregon government than
score OF protestations on the subject
of capacity to govern and earn recogni-
ton.
Whether it is true or not that the fl
nancial interests have in the last u
years been influential in directing the
course of many governments which have
become estranged from Mexico, the
truth is that settlement arrived at by
Finance Minister DE lie Huerta and
Thomas Lamont of j. p Morgan & Co,
as the representatives of the interna-
tional bankers, who hold Mexican obi
cations viii have the effect of ranging
the bankers on the side OF the Obregon
government in its bid for recognition.
World VIII Follow United States
The crux of the situation. of course,
is in Washington, for until the United
States makes Up It's mind to recognize
the 0bregon administration the rest
of the governments of the world win
withhold action. Similarly the extern
sion of recognition by the United States
will mean instantly the recognition by
the whole world.
Mexieo's readiness to put her tinan-
cial house in order will naturally make
it difficult for the American govern
ment to delay recognition unduly, for
after all the normal requirements are
a capacity to govern and maintain or
der and a willingness to satisfy inter
national obligations. There remains
only one obstacle to recognition. 1t Is
the ambiguity of the Mexican constltu-
tion on the subject of land titles
granted before the constitution was
adopted. Mexico has insisted that the
supreme court interpretations make II
clear that the constitution does not
affect contracts and titles prior to 1917
The American government is not salts
fed with the assurances given and
wants an explicit statement to that CT
feet to be embodied in a treaty. This
the Mexicans have fer one reason or
another mostly national pride-de-
clined to do. But it is pointed out that
the agreement on financial questions
reached in New York involves questions
on which MeXicans are far more sensl-
tive than the making of a formal treaty
No Loan Until Assurance is Given
The main object of recognition is to
get the moral support of government
in country where loans may be
sought If the agreement reached IN
New York is the forerunner- as 1t in
Mexico of financial aid, the question OF
recognition viii become academic. There
is on the other hand little chance that
Mexico viii be given loan until the
United States government obtains the
assurances it seeks. For American
bankers have promised Jhe uepaI tileit
of state that no loans would be tiOated
for the benefit of foreign countries un-
til the government at Washington had
an opportunity of interposing an obiec-
ton. 1t seems certain that while the
bankers are glad to have had the OBJ
portunitY to clear up past indebted
ness they will not leap into the realm
of larger financial transactions for the
future, unless they know the United
States intends to throw the full weight
of its influence to the support of the
Obregon government whose life will be
short lived without financial aid as well
as recognition.
The general opinion is that Mexico
is determined to straighten out all her
external relations, political, financial
and economic and that the agreement
in New York is the precursor of con
sent to a treaty of amity which will
mean automatic recognition of the OBJ
RECON government,