Evening star., 1938-03-31

BY the Associated Press.
MEXICO CITY, March 31.-A new
party of the revolution" came into
being today to carry on the nations
Mexico for Mexicans' program, look
ing toward a society without classes
in Socialist state.
The new party of laborers. farmers
and soldiers is an intensified gov
ernment party, taking over the organ
ization of President Cardenas' former
National Revolutionary party. Barba
Gonzalez, head of the old party, was
named president of the new.
Its proposed platform, presented in
convention last night, carries call
for progressive naturalization of big
industry" Qike appropriation of the
$4O0 100000 foreign-owned oil in
dustry).
The taking over of the oil industry
from II American, British and Neither
lands owners brought vigorous United
States representations asking how
Mexico would pay indemnity, and to-
day there were indications of a pos
sible split In Cardenas' hitherto solid
congressional support.
Congress Session Called.
A special session of Congress will
take up the oil question April IL. 1t
was ascertained that before then at
least 10 Senators were preparing to
ask the President how Mexico would
find foreign markets for the oil; what
would the government do about the
mining industry, likely to be hard
hit by United States suspension of
silver purchases and a drop in the
world price, and how would Mexico
pay for the oil properties.
There has been speculation, without
official action, that the oil companies
might be paid in oil, although their
spokesmen did not favor this; or that
the company management might con-
tinue to operate the wells, applying
profits to the debt.
Should no way be found to open
British and American markets, normal
ly buying go per cent of Mexican oil
exports, there is possibility Mexico
might conclude a barter or trade
agreement with Japan, Germany or
Italy.
Program Revealed.
The newly formed Revolutionary
party. by its projected platform, woulc
pledge the party to the Socialist doc.
trines Of Marx, to retain the present
constitution and democratic form o1
government, and work for:
l. Recognition of the existence ol
the struggle of classes as a phenome.
non inherent in the capitalist regime.
2. "A democracy of workers
the Socialist regime"
g. Equal rights with men for women
including the vote.
4. collective agricultural economy
through continued "breaking up of bis
estates" into communal farm groups.
o' 0OS1dl oCSullCy lOl 1dlIll, dS wei
as industrial workers.
The party also would urge war or
monopolies and high prices, would seek
nationalized education aiming toward
a society without classes, and would
foster opposition to imperialism and
the onslaughts of Fascism."
Economic Reaction Felt.
The program was published as Mex
leo began to feel the economic reaction
from the oil appropriation and the
declining silver price.
The peso deprecated, since expro-
priation March 18, from $50 to the
United States dollar to as low as S
to l yesterday, strengthening some
what to 40.
This depreciation cut purchasing
power abroad and yesterday the treas
ury told other government departments
to quit buying foreign machinery
until the international value of our
money is normalized."
Stores In Mexico City have noted
declining sales. attributed to the eco
nomic reaction.
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