Word: queretaro
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Dates: during 1923-1923
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Article 27 of the Queretaro or 1917 Constitution (which declared Mexico to be a federated republic of 28 states), has been the much mooted bugaboo in the proceedings for recognition of Mexico by the U. S. Its 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...