An interesting sidelight on Mexican affairs is cast by a recent headline announcement in the New York Herald Tribune that the U.S. bankers have magnanimously offered to put Mexican industries on their feet again by the. loan, of 100 million dollars. Says the Herald Tribune:—A plan for the industrial development of Mexico calling for an initial capital investment of 100,000,000 dollars has been placed before President Manuel Avila Climactic/ by a group of twenty United States bankers and promoters, it was learned to-day. The plan is believed to be contingent on action by President Camacho to protect profits against any attempts to continue the Mexican revolution.
This group, which has been examining the Mexican situation frequently for almosst three years, has notified the new President that it believes private American capital would find opportunity for almost unlimited industrial expansion in the country, concludes the newspaper. If a true history of the recent election of Camacho, socialist and international, were to be written the part again played in Mexican affairs by dollar diplomacy will loons large.