Carl William Ackerman

Name: Mexico's dilemma — Appendix
Author: Carl William Ackerman

Mexico's dilemma — Appendix (1918)

Summary

“Mexico's dilemma — Appendix”, published in 1918, is a work by Carl William Ackerman. It explores elements such as Executive, loan and deficit.

Quotes from Mexico's dilemma — Appendix (Carl William Ackerman)

Carl William Ackerman, Mexico's dilemma — Appendix (1918)

“ This being so, on constitutional reorganisation of the country, the National Government must solve the grave problem of the rehabilitation of the railway companies, that they may carry on the service of traffic in the constant and systematic manner satisfactory to the needs of the Nation, which cannot live without a proper service of railway transport. ”

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Source: Wikisource

Carl William Ackerman, Mexico's dilemma — Appendix (1918)

“ The condition of the National Railways of Mexico Company particularly interests the Government, as much because this system is the most extensive and necessary for the national life, as because the country has extended its guaranty for the payment of its debt and is the owner of the majority of its shares, by reason of which it controls the system. ”

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Source: Wikisource

Carl William Ackerman, Mexico's dilemma — Appendix (1918)

“ SOLE ARTICLE:—The Executive of the Union is authorised to charge the credit of the State up to the sum of 50,000,000 pesos, destined to the repair of track, replacement of equipment and the reorganisation of the services of the National Railways of Mexico Company, it being understood that the Executive shall submit to the General Congress in advance the bases of the contracts he may make and the investment of the loan he shall obtain. ”

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Source: Wikisource

Carl William Ackerman, Mexico's dilemma — Appendix (1918)

“ In order to arrest the gravity of the foregoing considerations it is sufficient to state others in respect to the future which makes a favourable solution of the financial problems appear less remote. ”

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Source: Wikisource

Carl William Ackerman, Mexico's dilemma — Appendix (1918)

“ The Executive, following the same tendencies which prompted the Revolution to avoid any exterior debt, will make all sorts of efforts to carry out the financial transaction within the territory of the Republic and will not apply to foreign countries until he is convinced of the impossibility of obtaining an interior loan. ”

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Source: Wikisource

Carl William Ackerman, Mexico's dilemma — Appendix (1918)

“ THE RAILWAY PROBLEM
There are three problems related to the National Railways. First, the reconstruction of the lines, including the repair of fixed material; the construction of the works of art destroyed and the replacement of equipment. The payment of the indemnity which according to the Railway Law the Government must make to the Company must also be considered ”

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Source: Wikisource

Carl William Ackerman, Mexico's dilemma — Appendix (1918)

“ On the one hand for some time the Government has not believed the time has come to pay divers claims which may be presented on account of damages caused by the revolution, although it is now studying the particular way to recognise and liquidate them, and in due time will have to submit a bill covering this matter to Congress. ”

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Source: Wikisource

Carl William Ackerman, Mexico's dilemma — Appendix (1918)

“ If, furthermore, we take into consideration the high cost of living, higher every day, and the necessity which we will later meet as a consequence of it of raising the wages of public employes; if we take into account the possibility that the work of pacification already is necessitating constant expenses, the supposition that the real deficit will exceed the amount above is not exaggerated. ”

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Source: Wikisource

Carl William Ackerman, Mexico's dilemma — Appendix (1918)

“ Art. 2nd.—The Executive is empowered to contract the loan referred to in the foregoing article either in the Republic or in foreign countries in the form of an operation over a long period, or by obligations of the Treasury redeemable or convertible in a brief term according to the greater or lesser difficulty encountered in obtaining the funds. ”

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Source: Wikisource

Carl William Ackerman, Mexico's dilemma — Appendix (1918)

“ He is also empowered to stipulate the conditions of interest, the type of interest, the form of amortization, the guarantee, and all other arrangements relating to the operation, including the contracts to be entered into with the holders of legitimate former obligations. ”

Carl William Ackerman

Summary

Quotes from Mexico's dilemma — Appendix (Carl William Ackerman)

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