The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-06-19
Recognition
OF Mexico
Imminent.
BY DAVID LAWRENCE
Copyright BY The Intelligencer)

Washington June IS.-Agreerent De-
tween representatives OF the Mexican
government and the bankers committee
representing the investment interests OF
the United States as we'll as European
countries is the most important step in
Mexican political relations in twelve
years. II cannot but have far reach
ing effect on the whole Mexican situa-
tion
Not since the days cr Diaz when the
Madero uprising first tore asunder the
thre ds Of Mexican finance and starteo
IN era Of financial chaos has there neen
such optimism as to-day. For Mexico
decisioi, 10 pay her back debts and re-
sumo interest payments Is esomething
which gives more evidence OF the srs-
bility OF the Obregon government than
score Of protestations In the Suoject
OF capacity to govern and earn recoSni-
tion.
Whether II IS true or not that the
financial interests have in the last
Twelve years been influential in direct
ing the course OF many governments
which have become estranged from Mex
ico the truth IS that the settlement ar
rived at by Finance Minister De La
Heurta and Thomas W. Lamont. OF j. 7.
Morgan & Company. as the representa-
tive Of the International bankers VINO
mold Mexican OOllkdLlOUS VIII ~
effect OF ranging the bankers or the side
ot tho Obregon government In tts DID Tor
recognition.
Means Recognition
The crux OF the situation OF course Is
IN Washington, for until the United
States government makes up its mind to
recognize the Ooregon administration.
he rest of the governments OF the
world will withhold action. Similarly
he extension OF recognition by the
United States will mean instantly the
recognition by the whole world
Mexico's readiness TO put her ftnan-
rial house in order will naturally make
q difficult for the American governmes :
% delay recognition unduiy for after
all the normal requirements are capa-
.~;ty 10 govern and maintain order and
Z Willingness TO satisfy international
obligations. There remains only one OBJ
=tacle to recognition. II ls the amoigu-
W of the Mexican constitution on the
subject OF land titles granted before the
constitution was adopted. Mexico has
insisted that the supreme court interpre-
,atIons make IL clear that the constitu-
ton does not affect contracts and titles
prior TO 1917. The American govern
rent is not satisfied with the assur-
snces given and wants an explicit state
ment 10 that effect to be embodied in a
treaty. This the MeNicans have for one
reason or another-mostly national pride
declined to do. But IL IS pointed out
that the agreement on financial Ques-
lions reached in New York involves Ques-
lions on which NeXicans are far from
sensitive than the making OF formal
treaty,
Foreign LoanS.
The object OF recognition Is 20 get the
moral support OF a. government in A
country where loans may be sought II
the agreement reached in New York is
the forerunner-as IL inevitably must
he-of the extension 10 Mexico OF final.
-ial aid the question OF recognition Will
become academic. There IS on the other
hand little chance that Mexico will be
given loan until the United States gov
arnment obtains the assurances II seeks.
For American bankers have promised
he department OF state that no loans
would be floated for the benefit OF for
nign countries until tho government at
Washington had an opportunity of inter-
posing an objection. II seems certain
that while the bankers are glad TO have
had the opportunity 70 clear up past In
febtedness they will not imm ediately
cap into the realm OF larger financial
transactions for the future unless they
tends 10 throw the full weight OF It's In
fluence 10 the support OF the obregon
government whose life will be short
lived without the financial aid as well as
recognition.
The general opinion here is that Mex
'co Is determined TO straighten out all
her external relations. political. finan-
cial and economic and that the agree
ment in New York Is the precursor Of
consent, 10 a treaty ot amity which will
mean automatic recognition OF the OBJ
regon government