The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-05-30
PAN-AMERICANS FOR
STEAMSHIP LINES
Conference Ends After Urging
Imperative Necessity of
Ocean Transportation.
NO SPECIFIC PLAN URGED

y.su,MarcS May 29.-The Pan
American Financial Conference came to
an end this afternoon with considera-
tioo of the reports from the committees
appointed to formulate suggestions for
the benefit OF commerce and finance In
the republics OF this hemisphere.
Before adjourning the conference
adopted three resolutions.
The first expressed the sense OF the
conference that improved ocean trans
portation has become "A vital and
p~erative necessity and that every enort
should be made TO secure at the earliest
possible date such improved means ot
ocean transportation. IL Is OF primary
importance to the existence of trade
and commerce and improved financial
rela,ions he, tween the American repub-
lies"
II was noticeable that the conference
refrained from indorsing any SPECIFIC
plan for Government ownership or other
means of developing merchant trans
portation.
Uniform Law Commission.
A second resolution, proposed by Prof.
John Bassett Moore. authorized the
Secretary OF the Treasury. as chair
man OF the conference. to appoint the
Joint high commission to suggest uni
form laws to the American nations as
advocated yesterday by the committee
of which Prof. Moore is chairman.
The last act Of the conference was to
adopt a resolution of thanks to Presi-
don't Wilson, the members OF the Cabinet.
the secretary-geneial OF the conference
and the director OF the Pan-Aner!can
Union for their contributions TO the
success of the conference.
Preceding the ado ption OF this resolu-
ton the chairman of each delegation
made a formal speech expressing the APP
preciation of his Go~vernl ent for the
courtssies which have been extended
by the United states. At. noon the
President received the delegates TO say
good-by.
The delegates are enthusiastic over the
results of the conference, although II Is
generally realized that the extent of the
benefits is for the future to determine
in view OF the fact that these will lie
chiefly in the good effect which the inter-
changes at the conference have had on
the relations between the countries rep
resented.
Argentina. Brazil and Chile submitted
. report on the transportation question.
urging the establishment Of IA fast line
Of 10000 ton steamers between the
United States and Montevidea. Rio de
Janeiro and Buenls Ayres. which should
be exempted for three years from all
fiscal charges from the countries served.
n-..u 80 L. G.-.
Prof. John Basse,t Moore gave out
tonight a comprehensive summary OF,
the reports OF the committees. which
may be regarded as a statement Of
what has been accomplished by. the
conference. Here are excerpts from this
THE report OF Bolivia is a review
OF the financial conditions, trade and
OF that country. 1t also deals
with the question Of railway extension
and transportation, both ocean and In
terror: with the monetary situation.
banking and finance and suggests the
organization OF "A central commercial
agency in connection with or under the
supervision Of the United States Cham
Der of Commerce.
"Chile recommends the adoption by
the various countries of legislation. first.
TO facilitate the drawing OF bills OF
'N' hl'A 'AA' Ah''hA' ~ Nss'
financial institutions OF South Ameri-
can countries and the financial institu-
tons or the United States second. 10
make bonded warehouse warrants and
receipts available as collateral security
for the development of i~nternationai
commerce.
1T recommends the ACCESSIBILITY Of
permitting the payment Of such part
~ the export duties on ~ni,rates from
lille TO the United States, such parts
as are now paid In ninety day drafts
sterling on London, in ninety day sight
draft in dollars in New York. at such
rates of exchange az may be periodi-
cally liked by the Chilean authorities
also. that such changes be made In
the laws OF the United States as will
enable bankers TO extend their credit.
discount and rediscount facilities 50 as
to conform to the trade customs and
necessities OF Latin America.
1.-THE Colombian delegates recommend,
first, special committees on laws and
transportation for each country, similar
to those appointed in connection with
this conference; secondly, the coopera-
ton OF those committees In financial
and commercial matters.
THE report of the Costa Rican
group emphasizes the need OF trade
facilities and the extension of inter-
American markets. The subjects of the
merchant marine and improved trans
portation facilities are very fully COW
cred.
The Cuban Report.
"fhe report of the Cuban group
recommends that tho high duties that
hamper the importation OF Cuban to-