Mexico's Debt

For some months Alberto Pani, Finance Minister of Mexico, has been scurrying busily about, negotiating in Manhattan and elsewhere with the representatives of great banking houses. Last week he presented an agreement to President Calles and his Cabinet which was promptly ratified by them. According to its terms a group of international bankers agree to aid Mexico to resume payments on her $500,000,000 foreign debt, beginning Jan. 1, 1926. It is incidentally provided that the National Railways of Mexico shall be returned to private management.