Word: camachos
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Next Ambassador Castillo Nájera moved his queen-oil. Mexico needed money, trade stabilization, a general economic overhauling. The U.S. needed a powerful demonstration of hemisphere solidarity. President Manuel Avila Camacho needed a big deal to back up his strong anti-Axis stand, his appeals for U.S. collaboration. His Minister of Foreign Affairs, suave Dr. Ezequiel Padilla, known as Narciso Negro (black narcissus) for his elegance, needed a triumph to swing Mexico's foreign policy back to close relations with Britain and the U.S. One thing stood in the way-oil. Between the $175,000,000 at which...
...bigger than those in Egypt ... ate limes stuffed with coconut . . . found that Mexico is the country where the letter 'x' is pronounced three different ways... and where during one civic riot the taxicabs charged mounted cavalry like tanks-and won." He also talked to President Manuel Avila Camacho, who is "about as colorful as a slab of halibut," but "steady, cautious and efficient." In Mexico Gunther shed some common U.S. illusions: 1) that Mexican Presidential terms usually end with assassination (there are seven ex-Presidents living in Mexico today); 2) that all Mexican Governments are overthrown by violence...
...compared to 46,500,000 bbl. in the last pre-expropriation year. Exploration has almost stopped. Some of the movable equipment has been shipped to Japan for scrap, in exchange for the kind of ready cash that used to pour in from oil-company taxes. President Avila Camacho might well find U.S. oil know-how and oil capital useful-if only a way could be figured to save the face he must turn to his anti-gringo voters. One such face-saver would be a public admission on U.S. oilmen's part that they could have behaved more simpaticamente...
...everybody knew that before these issues could be settled there was one big question at stake that had to be solved. It was the problem of those Mexican oil properties which Manuel Avila Camacho's predecessor Lázaro Cárdenas expropriated from their U.S. owners...
Mysterious Accord. Day after President Avila Camacho dropped his gentle hint, the New York Times reported from Washington that an oil settlement is indeed in the making. It will be part of a general agreement with Mexico for economic and military defense of the Western Hemisphere...