South Bend news-times. (South Bend, Ind.) 1913-1938, 1915-05-24
PreS't Wilson, Opening Finan-
CiaI Conference, Says Rival
ry in Western Hemisphere
Does Not Mean Aggression.
GREAT CRISIS BRINGS
"NEIGHBORS" TOGETHER
Executive Says BONDS of Trade
Now Being Forged Are for
Mutual interest and VIII Be
Permanent.

WASHINGTON. May pa Pres't
Wilson today declared that a proud
distinction might fall upon the nations
OF the three Americas of show
ing the world the way TO permanent
peace.
In an address opening the Pan
American Financial conference he pre-
dicted that great results would arise
from it and that it might be infu-
ential in restoring peace TO war-ridden
Europe
The president said that the only
kind OF rivalry i'm which the nations
OF the western hemisphere were en-
gaged was one which does not involve
aggression. lie said there was a rival
ry in excellence. that there was no
hint or purpose of exploitation in the
interest which the United States is
now taking i'm her neighbors to the
south
He declared only one thing still was
i'm the way of closer commercial inter-
course between the American nations,
and that was lack of ships. He made
clear his belief that if private capital
did no. soon supply the ships. the
nited states government must under
take 20 do So This statement was
regarded in many quarters as an in
dication that the administration in
tends 10 reintroduce the shipping bill
at the next session of congress.
Crisis Shows Bond
Pres't Wilson declared that the
bonds OF trade now being forged be-
tween the American republics would
he permanent He said IL had taken
"a world crisis TO show the American
nations their essential unity but now
that they have awakened TO the fact
no there
danger that thev would forget IT,
The president said in part:
THE basis of successful commercial
intercourse lis common interest, not
selfish interest ID is an actual inter-
change of services and of values; il il
based upon reciprocal relations and
not selfish relations lt is based upon
those thiuss upun which all successful
economic intercourse must be based,
because seiushness breeds suspicion.
suspicion. hostility. and hostility, fall
ure.
Trying To- BE of Usc.
we are not. therefore. trying 10
make use Of each other, but we are
tryin- To be of use 10 one another.
10 is very surprising Co me. 1t is even
a source of modification. that a con-
ference like this should have been so
long DELAYED. that 10 should never have
occurred before that it should have
required a crisis of The world 20 show
the Americans how truly they were
neighbors 10 one another. III there
are any happy circumstances, gentle
men. arising out OF the present dis
tressing conditions of the world-it is
chat that il has revealed us Co one an
other il has shown us what NJ means
20 be neiehbors.
And cannot help harboring the
hone. the very high hope. that 10y this
commerce of ideas with one another'
as well as Commerce IN goods we may
show the world in part the path or
peacc. II would be very great thing
rtho Americans could add 10 the dis
tiuction which they already wear thls
of showing the way 60 peace, 10 perm
anent peace. ...
THE way 10 peace for us, al any
rate is manifest. IL Is the kind OF
tf,sir, which does not involve aggres-
sion n is the knowledge that men
can be Of the greatest service 10 one
another and nations of the greatest
service to one another. when the Jeai
ousy between them is merely a Jtai-
ousy of eNcelling and when lhe pdsLS
Of their intercourse is frlenusillt,. Z.
There is only one way m Whlch We
wish 90 take ADVANTAGE of YOU ana
that is by making better goods, pN
doing the things we seek 20 do Tor
each other better. If we can, than you
do them and so spurring YOU on li We
might, b& So haudSoilt d Jo'AA'''7' '
that 10 excel us.
\ Basis of Friendship.
.I am SO keeulv aware that q oasls
Of personal friendship Is this compe-
tition TN excellence that / am so Ger
tain that this IS only basis Tor the
friendship OF nations this handsome e
rivalry. this rivalry in which there -
dislike The rivalry in which there Is
nothing but the hope of common ele-
walton in great enterprises which we
can undertake IN common
There is one thing that ] nave
chiefly I'm mind and that is the physi-
cal lack Of means OF communication.
the lack Of vehicles. the lack OF ships.
the lack 0f established routes Of trade.
the lack OF those things which are alb
solutely necessary If we are 20 have
true commercial and intimate COM
mercial relations with one another;
ano / ann perfectly clear In my Judg-
ment thar ~ private capital cannot