The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-04-11
THE PAN-AMERICAN
Conference Makes Some Very
Important Suggestions.
ANTI-CARLIsT DEMONSTRATIONS
In Valencia-The Democrats of Vermont Will
Insert Specific High License in
Their Next Platform

WASHINGTON, April 10.-The Pan-American
conference to-day adopted the report of the
majority of the committee on customs-union
with three dissenting votes, the Argentine
republic, Chill and Paraguay. The report re
commends, in substance. that reciprocity
treaties be negotiated between the republics,
each making concessions that the peculiar pro-
ducts of all may be introduced free into the
Others
The committee on port dues reported it i'm
practicable to completely abolish the charges
now imposed on vessels and made recommend
atoms as follows, which were adopted: That
All port dues be merged in a single one to be
known as tonnage dues; this charge
TO be assessed upon the total carrying
capacity OF the vessel each government to fix
Tor Itself the amount to be charged, but with
due regard to the general policy of the confer
ence upon the subject, which is to facilitate and
favor the navigation; that there be excepted
dues charged or to be charged under unexplred
contracts with private companies; that the fol-
lowing be excepted from tonnage dues: trans
ports ana vessels of war vessels of less than
twenty-five TONS vessels which shall have been
compelled to put into port by reason of dam
ages suffered at sea, yachts and other pleasure
boats.
The conference at the time of adjournment
had under consideration the report of the com
mlttee on banking. 1t says the future develop
ment or commercial relations will depend as
largely on the development of international
banking facllltleS as on any other single condi-
ton. The foreign commerce of the West Indies
Mexico, South and Central America last year
am9unte ed to slos5 54s oOo United States
between the United States and the countries of
the south aggregated S2S2, 9O2 4OS Foreign banks
reaped a profit of commission of uhree-fourths of
l per cent. on large proportion of these sums
which, together with the interest and differ
ences in exchange, might be saved to the several
countries The report recommended the pass
age of a law by the United States incorporat-
ing an international American bank with
ample capital, with the privilege on
the part of the citizens of the sew
eral countries in the conference to
take shares in such bank pro rata to their
foreign commerce. The bank should have no
power to emit circulating bank notes. but
should have all other powers now enjoyed by
the national banks of the United States as to
deposit and discount, issuing letters of credit
making loans, etc, ETC., and generally to DO
Whatever can already be done by great banking
firms who are carrying on business under the
laws OF general partnership.
The report recommends to the governments
represented the granting of concessions for in
ternal banking, and especially bank organized
as above with branches or agencies in the sew
eral countries.
The committee suggests to the United
States delegates the desirability of SUBJ
mlttlng the report to the President
with the view that should he deem it
proper he may recommend to the Congress of
the United States the enactment of a charter
for an international American bank for the
benefit and enlargement of the commerce of the
Americas.