Evening star., 1915-05-25

rms gives US an enormous capacity for
the expansion of loans We can prob
ably expand loans two or three billion dol
lars. We may not be in state CT pre-
paredness for war, but we are in a
state of preparedness to expand lolns
abroad and credits at home. This fea-
ture of reserves and the possibilities Of
foreign loans is very important item
IN our relations with South America
Hitherto we have been able to find en-
pioyment for our capital at home but
| under the new banking law and with
our growing wealth we will open vast
| field for foreign investment"
; Need of Commerce Carriers.
| The other great question being dis
Nussed in the conferences behind closed
doors today is that of general steam
| ship company. or a general steamship
! system to take care of all the trade Of
| the western world among its own ma
tions. The simplicity of the wording
! of the proposal offered to the confer
ence late yesterday by Samuel Hale
| Pearson, the Argentine delegate with
| the New England name, is almost as
/ founding. He suggested that the quick
| est way TO get down to the alI-import-
ant question of steamship traffic was
| to appoint committee on fast nayi-
| cation to take up the matter and re-
port soon. Nearly the whole universe
OF steamship problems is to be includ-
| ed in that committees work
| Three -fourths of the South American
| delegates. numerically speaking. are
| interested mainly in the subject Of
! credits and money and have started
| discussions along those lines. DIR. pab-
| 10 Desvernine Caldos, representing
| Cuba, started a discussion in the Cuba n
| group on the possibilities of con-
| vention with the United States where
by the parcel post laws could be
/ fh IA n ll H.,t.z
| cigars and cigarettes to be sent here
| At present the parcels Of tobacco al
| lowed under the United States postal
| regulations are too small to interest
! Cuban tobacco men.
/, Dominican Interests Considered
In the,group of Dominican delegates
meeting with a committee of United
States bankers and business men the
| subject of a lower postal rate between
| the countries of the western heni-
sphere is being discussed to some ex-
tent. while the Argentine dereystion
| for the most part is discussing f1nancs
committee being watched With
| great interest because of it's notenti
| alities is the general COMMITTEES an.
pointed by Secretary McAdoo 70 stnd,.
| into the great question of uniformity
of laws in the republics of the westarn
half of the world-the pan-American
! system-so as to remove obstacles on
the statute books in the wav ~ CO..
plete trade harmony. There are i'm
port and export laws. traffic laws. tax
laws and tariffs which looked at with
pan-American eyes are wrong. 1t is
to smooth out these difiiculties-.iron
them out as Secretary RedfieId said
that the main committee is endeayor-
ing. 1t cannot. Of course. undertake 10
change all the laws of North and south
America IN day, but IT can make a
ing of Joint high commi ssion on which
representatives OF every country will
act for their governments
Committee on Uniform Laws.
Secretary McAdoo named the follow.
| ing representatives of the United States
Continued on Fourth Page.)