The Sentinel=record., 1915-05-25
BANKS IF COUNTRY
CONTINUED FROM pAGE ONE

Secretary Bryan enlarged upon the idea of the president by recalling Mir Wilson's speech at Mobile, Ala, in which he announced that the United States does not want foot of terri tory from any other nation. The other members of the cabinet spoke also of the possibilities of mutual helpfuness for both South and North America and the delegates from each country in their responses voiced some sentiments.
 The only private American repre- sentative who spoke today was Frank A. Vanderlip of the National City Bank of New York. Mr Vanderlip declared that at the present time the national banks of the United States, as shown by their last reports, to the comptroller, have a total surplus over the legal reserve requirements of more than $7OO,000,000, and that the state banks probably have similar pethora.7
 That means, he said, that we have a perfectly enormous capital for the expansion Of loans, probably enough to expand loans of two or three bil- lion dollars, so if We are in a state of unpreparedness for war we are pre- pared to extend our financial rela- tions abroad and for the development of banking credits at home"
 MT Vanderlip said an important consideration to be remembered in building up relations with $ outh America is that the countries there are in about the same position that the United States occupied a few years ago and that they need most of all outside capital to aid develop ment. "I believe.' he added, that the growing wealth of this country under the new banking law and for other causes will open this field SO that it win amount to something easily greater than it has been be. fore"
 Between the two sessions today tho delegates were received by the pres- dent in the east room of the white house. Tonight they were guests at a reception given by Secretaries Bryan and McAdoo in the Pan-Amer- ican building. Most of the members of the cabinet, scores of prominent government officials and members of the diplomatic corps were present. The gorgeous uniforms of the diplo- mats, those of the American army and navy officers assigned as aides to the delegates and the gowns of the women added touch of color to the brilliant affair
 Tomorrow morning there will be another general session of the confer ence at which speeches will be made by Governor Hamlin and Paul Nj. Warburg of the federal reserve board. Later number of delegatets will be the guests at luncheon of Secretary Bryan.
 In the aftotrnOon begin the "grou1 conferences at which those res on sible for the meeting hope will be developed the exact needs of the in. ytetd countries.
 Preparatory to these conferences Secretary McAdoo tonight named tue representatives of the United Stat S who will participate in them. A group of bankers and business men has been assigned to each coun- try. Among the well known men chosen are F. A. Delano, vice gov ernor of the federal reserve board E. II. Gary and Frank A. Vanderhp. to Argentina; James SpeyeT, of New York, and E. M Hurley of the federal trade commission, to Bolivia, J. P. Morgan of New York, George M. Rev holds of Chicago, and Paul M. War burg of the federal reserve board, to Brazil; Governor Hamilton of the fed- e1al reserve board and Henry ?. Da- yidson of J. P. Morgan X Company. to Chine; w. r G. Harding, federal reserve board. and George NJ. Key holds, to Peru
 Secretary McAdCo names the fol- lowing representatives of the United Statets as members of the committee to consider uniform laws: Secretary Redfield, Governor Hamlin of the fed eral reserve board; John Bassett Moore, former counsellor of the state departments; w. L. Saunders. David R. Francis, Willard Straight and George II. Numsop.
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