New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-07-20
MINISTER HIOKSS TIEWS OF PERU.


There is a most valuable commentary IN our
news columns this morning upon the 'eAo VI
yorious reports adopted by the Pan-American
Conference. The Hon. John HICKS, America"
Minister to Peru, in returning to his nome ior
q short vacation, frankly, yet hploinatlcaiiy
vithal. discusses various questions Oh cohi-
mental policy which have arisen during DIS az
sence The arbitration treaty proposed py lic
Conference he does not refer to, but there can
he no doubt that it will be favorably received
nv the Peruvian Government when the con-
ditions are opportuno for action upon H. Inc
international banking scheme he heartily IaVor'
~ Offering greatly needed facilities Tor the de-
yelopment of American trade, ana ne IecoS
nizes the necessity Of having more raplu anu
Trustworthy means of steam communication
under the American tag between san iran
cisco and the west coast of South America anu
o,ickcr transit between the lsthmS and New
York Mercantile agencies for increasing trade
aro also INDISPENSABLE. and more precise llnowl-
edre of the requirements OF the South Amerl-
can market can only be secured by direct
,onrcscntotivcs Of American manufacturing IN
tcrcsts. The proceedings Of the Pan-Amencah
Conference have boon followed IN Peru Win
svmpathctic interest. The country Is attracted
hv the continental measures which have been
rroposed. and cntcrtains the most friendly re-
iotions with the United States. IL is now
commercial colony of England, but will wei
come cycF- practical method of developing ana
orlorping its trade with NewIork and san
Francisco
The political and financial conditions OF Peru
are discussed in a sanguinc spirit by the Ameri-
can Minister The recent elections were con
Quoted without disturbance, and the PrcSi-
Dental contest will speedily be decided in favor
Of the official candidate. The English syndi-
cotc formed under the Grace contract Tor OPP
Grating and completing the railways former!
owned by the State. and for developing various
guno and mining properties, has not YET pio-
kon around for any new enterprise nut Is
making preparations for work on larger
scolo. Mr. Hicks considers the compromise
with thc bOndholders substantial gain for the
country in its present Impoverished and eX-
hou,tod condition. large amount OF foreign
copltal will be brought ill., and employment Will
bc furnished for the lower classes. One OF the
first measures adopted by the syndicate was
In, SIGNING Of contract for the reconstruction
of the Ncrrugas bridge, the most amhIhouS
WORT, on the completed section Of the oroya
hallway. American material IS contracted Tor
in this instance but it would be premature 70
conclude from this initial step that the English
svndicate will favor the manufacturers OF the
United states in obtaining their supplies for
The railways which they are pledged to COM
pletc. The Grace contract Is essentially an
English compromise designed 10 promote the
interest, oil European bondholdcr' American
trade may be benefited ly it indirectly II the
prosperity of Peru be restored; but there Is an
inevitable loss of prestige from the surrender
Of the Meigss railway, to the hondholdcrS'
\mcr,can interests can be developed IN that
country only Oh the lines of the recent Con
ference in Washington