Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1922-07-23
TREASURY CHIEF
EN- ROUTE HOME
To MEXICO CITY
AdoIpho de la Huerta Says
Obregon Is Not Unwilling
to Ratify Agreements
Made in New York.

Ell Paso, Tex, July 22.-Adolpho
de la Huerta, secretary of finance
of Mexico passed through here to-
day on his return to Mexico city
from Washington. Secretary de la
Huerta issued the following state-
ment:
.I have read the statements
published in the New York press
state Of our international relations
which were made as it was said
by an authorized person in WASH
ington on tine twentieth. IL tne
form in which they have been
transmitted to me is correct l do
not believe that the United states
government has authorized any
public official to give out 'appre-
cations so unjust to the president
of Mexico. in view of the fact that
these are in complete disagreement
with the cordial spirit shown by
the Honorable President Harding
and Secretary Hughes in the inter-
view which ] had the honor to
have with them, at which they
sent me cordial messag es to Pres
ident Obregon.
Assertions Groundtss.
"There is no foundation what
ever for assertions that President
Obregon is unwilling to ratify the
agreements entered into in New
York with the creditors of Mexico.
it being the truth that from tele-
grams that / have received flom
him and from the statements he
has made in public he considers
said arrangements equitable, and
to give his official ratification he
is awaiting further information on
some points which l personally
will clear up upon my arrival in
Mexico City.
Mentioned statements in this
regard are embarrassing to the
bondholders with an observation
of such nature is made public.
Furthermore, it has been stipu-
lated with the creditors of my
country and it is so established
in the Mexican laws that the afore-
said agreements must be ratified
by congress. For no reason what
ever, then, is the attitude of Pfesi-
dent Obregon censurable.
Neither has he failed in any oil
it being the case that
the agreement of the third of Sep
tember was ratified by General
Obregon. With regards to the
proposals that the oil executives
have made through me for future
explorations, I am taking these
with me and they have not been
presented as yet to the department
of industry and commerce, through
which the president of the United
States Of Mexico will issue his final
word.
i"There Is neither a reason to
upon the bonds of the
agrarian debt, when these have not
yet been issued, nor the steps that
the Mexican government is taking
to give these bonds a real market
value. There is no reason for an
statement upon secur-
tiles that a government is trying
hard to strengthen, obstructing
with those statements the same in
tention of the Mexican administra-
tion, which is making great sac
rifices to obtain the funds that
will serve for the payment of lands
(ejidos) which must be assigned to
the townships in need of them.
These bonds have not yet been
placed in circulation, but had they
been already in the hands of some
landholders, these would be fully
entitled to claim serious responsi-
bilities from those who publicly
pretend to demerit these bonds in
assuming so carelessly that they
are worthless"