The border vidette. (Nogales, Ariz.) 1894-1934, 1923-09-08
U. S. RECOGNIZES MEXICO.
Bankers to Assist in Restoring the FL
nances of Sister Republic

Washington, Aug. 81. --Recog-
milton of Mexico by the United
States became an accomplished
fact at noon today.
AS result, it is understood
the United States will not only
approve but invite American
bankers to participate in the fin
ancial restoration of Mexico.
Sr. Manuel Telles, the Charge
d'Affaires at the Mexican EN-
bassy, has been designated the
official representative of his gov
eminent in Washington.
George T. Summerlin will con
tinue to act as Charge d'Affaires
for the United States at Mexico
City.
These selections will stand, il
is understood, pending the de
signation of ambassadors.
The terms of recognition are
said to be satisfactory to world
powers and announcements re
establishing recognition of the
Oregon government by other
nations will follow shortly, it
was said in diplomatic circles
here.
The immediate effect of recog
milton is to revive all existing
treaties and diplomatic agree
ments between the two countries.
They have been in a state of
suspension since the turmoil ia
Mexico caused by the assassina.
ton of President Carranza.
The text of the announcement
as issued at the State Depart.
ment, follows:
The Government of the United
States and the Government of
Mexico, in view of the reports
and recommendations that their
respective commissioners sub.
mitted as result of the Ameri.
can. Mexican conference held at
the City of Mexico from May Il,
1928, to August Is, 1928, have
resolved TO renew diplomatic re-
lations between them, and, there.
fore, pending the appointment of
Ambassadors, they are taking
the necessary steps to accredit
formally their respective charges
d'affaires.
Next Friday, September Z. the
two claims conventions agreed
upon will be formally executed
here and in Mexico City. The
seal will be exchanged for sign.
atures and go into the archives
of the State Department until
Congress meets, when President
Coolidge will ask the Senate to
ratify them. One convention
deals with general claims of
Mexlcans against the United
States and of Americans against
Mexico. The second convention
deals exclusively with claims
arising out of the series of re.
volutions in Mexico.
Concerning the clauses in the
Carranza constitution, which pro
vided for the breaking up of
large estates, or haciendas, and
the restoration of communal
lands about villages, the Amer
lean government declared at the
opening of the conference that
this right was conceded.
Objection was raised. however,
to the method of gaining this
end. The American government
contended that these lands were
acquired prior to the adoption OF
the constitution of 1917 and must
be treated under laws existing
at that time, or the constitution
of 1856. The Mexican govern.
ment has agreed to this and like
wise to the payment of cash in
advance upon a fair and legal
assessment.
Officials here point out that
because of the tremendous sums
involved the property of Amer.
leans will not be broken up for
generations.
Oil interests get the same
measure of protection in Mexico
as others. Mexico maintains the
right to impose production and
export taxes. This is just now
the chief source of income and
the government is encouraging
development.
With the actual exchange of
recognition new era of bust
ness exchange will dawn for the
two countries, officials here de
clared. With many avenues for
foreign development closed on
account of unstable conditions
abroad, Mexico presents a fertile
field. The Department of Com
n