MEXICO: First Offer

Last week workers were pledging themselves to give up a day's pay each month, leading bullfighters were putting on benefit performances and the Church was urging the faithful to contribute what they could—all to go into a fund to pay off the U. S. and British oil concerns whose $400,000,000 properties were expropriated four weeks ago. President Cardenas and most of Mexico hope that if the country can make a settlement with the U. S. concerns, Washington will resume purchase of Mexican silver and thus immeasurably better Mexico's present financial squeeze....

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