President. we have just passed a resolution relating especially to Magdalena Bay. although general in its terms. that seems to me to be meaningless. We seem to be very greatly alarmed at the prospect of foreign citizens. Europeans or Asiatics. becoming interested in holdings in LatinAmerican countries. I do not think the resolution will have any practical effect as a declaration of national or international policy. I think it will have the effect of aiding some people who are seeking to acquire holdings about Magdalena Bay by terminating negotiations now pending for the disposition of these holdings to other people. and thereby affording an opportunity to those who are seeking it to acquire this possession at a lower price or. at least. without the competition of those who are now negotiating for it.
Keywords matched
Asiatics