Evening star., 1927-10-10
WASHINGTON OBSERVATIONS
BY FREDERIC WILLIAM VILE.

It's not going too far to say that
the Coolidge administration is pro-
found1y shocked by the reign of terror
In Mexico. Shock is tinged with keen
disappointment. All concerned were
inclined to believe that Dwight w.
Morrow's appointment to the United
States ambassadorship in Mexico pre-
saged the dawn of new era in our
tense and tangled relations with the
Gales government. Now all is more
or less up in the air again. No one
knows what next may happen. IL
President Gales should be overthrown
by revolution, we might be on the
threshold OF an even more hopeless
situation than already confronts IN.
The United States has adopted the
policy of Withholding recognition from
any Central American government
that accedes to power by unconStltu-
tional means Thus, il Gales were
driven from Office by a coup d'etat, the
cha noes are that Uncle Sam would
boycott his conquerors. Americans
acquainted with actual conditions IN
Mexico assert that the revolutionary
movement Is strong enough 10 De as
sured of success the moment the
United States permits Gales foes to
secure American munitions OF war.
But the State Department to date has
resolutely frowned upon lifting the
embargo which prohibits expectation
of arms across the Rio Grande.
4 Il n X
The First Lady of the Land has
lust done another one of those grace
full things for which she is celebrated
and beloved. The latest addition to
Washington's ever-grownig number OF
restaurants and teahouses was re.
Gently opened by Mrs. James Haley,
the young wife of the United States
secret service operative who was until
a few weeks ago Mrs. Coolidge's per-
sonal bodyguard. AS soon as the
Presidents wife heard Of Mrs. Haley's
new business venture, Mrs. Coolige
sent word that she'd like to be the
first customer.
Federal finance authorities are in.
terested in New York's latest move In
the direction of world monetary su-
premaey The New York Stock Elk.
change, for the first time in history,
is now listing shares and securities of
foreign corporations, just as domestic
stocks are listed This innovation
places Wall Street on level with the
London Stock Exchange, which for
many years has enabled the British
investing public to deal in securities
of leading countries of the globe with
the same facility that 1T buys and sells
British shares. The New York Stock
Exchange will subject foreign issues
to the rigid tests that govern the list.
ing of American obligations. Prefer.
ence will be given to gilt.edged secu-
rites. None will be approved which
does not originate in gold-standard
country. This provision bars French,
Italian. Japanese and Polish stocks.
Uncle Sans pre-eminence as Mother
Earth's banker is exemplif1ed by the
recent revelation that the amount of
foreign loans now currently placed
here is greater than the combined to-
tai of foreign financing In England,
Holland and Switzerland.
4 u ~
Adherents OF Senators-elect Ware
Of Pennsylvania and Smith of Illinois
nave been exploring the possibility
OF cheating the Senate hangmen by
having them sworn in before Con-
gress assemblies by some official other
than the presiding officer of the
Senate. The bright idea seems to
have originated I'm the circumstances
under which Calvin Coolidge took
the oath of Office In 1923-by lamp
light and at the hands of his father,
n justice of the peace. Senate au-
thorities say there's no case on rec
ord whereby the upper house has
recognized as valid an oath admin
istered hy an outsider. There've
been three or four occasions on which
Senators-elect have actually sworn
the statutory oath before non Sem
ate official. but no precedents for re-
garding such oaths as emitting = Sen.