The U. S. has always reserved the sole right to spank its Latin-American neighbors. Since 1933 the U. S., anxious to avoid the stigma of dollar diplomacy, has spared the rod in the interests of President Roosevelt's "Good Neighbor" policy. Meanwhile, the Mexican Government has seized without compensation oil lands, mines, ranches and farms belonging to citizens of the U. S. and foreign countries.
After President Lázaro Cárdenas seized great foreign oil properties this year, President Roosevelt explained for Mexico's benefit that the Good Neighbor policy "can never be merely unilateral. ......
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