Evening star., 1933-04-13

fIH1y IS Inc SeCOHu OF q SSTtSS
gathered by the Associated Press on
the hopes and expectations OF the
{ nations invited to participate in
President RooseDelts conferences on
1rorld problemS.J
(Copyright, 1888 by the Associated Press.)
MEXICO CITY, April 13.-Mexico, as
the producer OF about AZ per cent OF
the worlds silver supply, can hope for
lno greater benefit at the Forthcoming
economic conversations In Washington
itllan international action to rehabilitate
silver.
l. Mexico has long predicted and looked
forward hopefully to such conferences
sas proposed by President Roosevelt. and
sthe principal Mexican statesmen have
.srepeatedly stressed the need to meet
1.-THE crisis with physical as well as
,ypsychic means"
Gen. Plutarco Elias Gales. dominant
figure in Mexico took the leadership In
this matter many months ago when he
stressed the need for speed and fearless
leadership in facing the real truth.
: Sounded Warning in 1882.
'I am positively convinced" he told
reporters in February. 1882, that TINS
crisis may lead to a catastrophe unless
those in charge of the destinies OF the
nations drop their apathy and lack OF
courage and get together to work out
adequate means of economic co-opera-
tion before it is too late"
/, His words sound almost prophetic in
yfiew of the forthcoming Washington and
..London meetings in which Mexico hopes
sknot only for the rehabilitation of silver.
3but for tariff readjustments materially
Sbenefiting Mexico's second source OF
tancome agriculture
I Gales himself is an advocate Of free
trade as the desirable form OF mterna-
tional economic relations"
MexicoS purchasing power, badly hit
,.by depressed prices and tariffs, has di-
3Tectly affected her imports the bulk OF
(which are from the United States.
sTherefore any means taken to aid min
Sing and agriculture would Immediately
ssand effectively be felt in the United
Estates export markets, which feed
tS7Mexico with around 70 per cent OF her
kamports.
Although President Rodriguez has
not yet stated publicly the position
Mexico would adopt in the Washington
conferences, Gales in recent declara-
tions pledged full cooperation.
Anxious to Cooperate.
You can rest assured, Ic Sdl0, lint
Mexico Is anxious to do all in its power
to cooperate in every way to improve
the political and economic atmosphere
of the world. Whatever We can do to
support economic and political under
standing among the peoples will be
done enthusiastically"
In view of these declarations. it IS
believed Alberto j. Pani, Mexicos del
,segate, strong Gales follower, will lend
q ready car to Roosevelt's suggestions
at Washington 1t is generally con-
ceded that In Pani, Mexico has chosen
her best economist and financier to go
to Washington. AS head of the finance
department, PAM has kept balanced
budget, held up world confidence in
Mexico, been fairly successful in stabil-
izing the peso, and reorganized the
banking structure.
Newspapers here today speculated on
the possibility Pani now In Miami. Fla,
{ is seeking to float a. Mexican loan. It
was recalled he recently expressed a
desire to obtain money for improve
ments in Mexico City and it was said
he may have gone to Miami to talk to
American bankers.