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...presenting him with a complete education. It is mrely fortunate that the presence of these educated men has, even indirectly, such constructive results on society that it may convince future Croesuses who would otherwise never admit that it is the prerogative of every qualified man to enjoy pro se the fruits of education...
...president of Mexico ever dared to try to realize these constitutional ideals until the rise of Señor Calles. His bold, perhaps rash, leadership spurred the Mexican Congress to enforce the Constitution of 1917 for the first time (TIME, Jan. 25, 1926), by passing laws which foreign interests in Mexico found "retroactively confiscatory" of their titles to Mexican lands and oil. Equally bold to the point of rashness has been Señor Calles' enforcement of the anti-religious clauses of the Constitution (TIME, Feb. 22, 1926, et seq.). Indeed, for the past two years foreign investors...
Pivot Point. Roman Catholics still loudly protest the injustices done to their brethren in Mexico, but U. S. financial interests there became quietly expectant, recently, when it was found that Mexican tax revenues were falling below a point at which Señor Calles could meet the payments due to Manhattan bankers on the Mexican national debt...
Flip Flop. Because Manhattan bankers are ready to follow the nod of Dwight W. Morrow, who was a partner of J. P. Morgan before he became Ambassador to Mexico, it was prudent, nay a pleasure, for Señor Calles to flip flop from one set of ideals to another. He flipped and he flopped, last week, to such good purpose that the Mexican Chamber and Senate took two vital steps...
...Adopted a legal rider submitted by Señor Calles which amends the land and oil laws so that they are no longer "retroactively confiscatory." Specifically, land and oil rights obtained by U. S. citizens in Mexico prior to May 1, 1917, are to be "confirmed without limitation of time," whereas 50 years had been the limit after which such rights would revert to the State...