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...terms affirmed that the title to all subsoil deposits was vested in the people of Mexico. This resulted in the virtual confiscation of concessions owned by foreigners. The question arose then as to whether the Article was to be interpreted retroactively. In spite of President Obregon's statement that it was not, foreign concerns still claimed that under the Mexican interpretation the terms of the Article provided for confiscation...

Author: /time Magazine | Title: Mexican Recognition | 8/27/1923 | See Source »

...Mexico President Obregon had to run the gauntlet of stiff criticisms from his opponents. They charged him with having made concessions to the U. S. in order to obtain recognition. These charges rest on a fairly sound basis. Under the agrarian provision of the 1917 Constitution more Mexicans are said to have been dispossessed of their property than U. S. citizens. If President Obregon intends to indemnify the citizens of the U. S., he can hardly fail to do the right thing by Mexican citizens. It seems, therefore, that the Mexican Treasury must groan or Obregon succumb to the jibes...

Author: /time Magazine | Title: Mexican Recognition | 8/27/1923 | See Source »

...events President Obregon was forced to issue a long statement pointing out that if recognition of Mexico does come it " will not be due to any obligations contracted nor to any agreements which may have been entered into for the purpose of resuming diplomatic relations nor to anything that might contravene our laws or the rules of international law or injure the dignity or the sovereignty of our nation." The conference was " a direct exchange of views and information." In his peroration the President said: " I am pleased finally to be able to state that the good-will shown...

Author: /time Magazine | Title: Mexican Recognition | 8/27/1923 | See Source »

...height of his fortune Villa commanded 35,000 men. He might, after his capture of Mexico City, have become dictator, but he lost his head, and in March, 1916, at the ebb of his fortunes, fleeing from Obregon, he raided Columbus, N. M. The U. S. Government sent General Perishing and 4,000 men to "get" Villa, dead or alive. The expedition cost $100,000,000 and failed to get Villa, though it broke his power. After his final defeat he promised to settle down and be good, if it were made worth his while...

Author: /time Magazine | Title: Foreign News: The Cockroach | 7/30/1923 | See Source »

...Mexican papers and President Obregon regret that there has been one more assassination in Mexico. Except, however, for some thousands of Vila devoués, all Mexicans and all Americans are well content...

Author: /time Magazine | Title: Foreign News: The Cockroach | 7/30/1923 | See Source »

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