Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-05-26
AMERICA FOR AMERICANS,
IS CONFERENCE KEYNOTE
Colombian Delegate Makes Dramatic
Speech, Advocating New Version
of Monroe Doctrine.
WHAT LATIN-AMERICA NEEDS
Business Men and Bankers Are Told
How This Country's Vast Re-
sources Can Clear Away Difficulties
Brought by European War.

WASHINGTON. May 25.-The story
of how vast resources OF the United
States may be used to aid Latin-Amer-
lean republics in clearing away diff
culties the European war has brought,
was told in part to-day to business
men and bankers who represent this
nation at the Pan-American financial
conference.
In group conference. delegates from
eighteen countries began explanations
to representatives of commercial and
financial interests Of the United States
of their peculiar needs. and indicated
In what ways capital and credit could
be used to best advantage to strength
en- trade relations. The general idea
expressed was that in the Southern re-
publics the surplus capital of the
United States would find fertile fields
for investment, which must bring in
the future closer political and com
mercial union.
SESSION IS MARKED
ny DRAMATIC SPEECH
The only general session of the con-
ference to-day was marked by n dra-
matte speech by DR.. Santiago Perez
Triana. delegate from Colombia. who
and declared that this hemisphere
should be for Americans He proposed
n new version of the Monroe Doctrine
that would make ii impossible for one
American nation TO covet n foot of a
neighbours territory or invade her soil.
1t was speech such as had not been
heard before at the conference, devoted
largely to questions of commerce and
| trade, and the delegates greeted II
with long continued applause
Let us see" said DR.. Triana. that
the harmony in this continent is dia-
phanous, transparent and clear with
out one shadow of doubt. The inviola-
billy of the continent which made IL
so that the ease of conquest should be
closed to outsiders has not worked alb
solutely / am not here to recapitu
late or to blame-far he It from me
Wherever redress is possible, redress
should be accomplished: whenever in
the history of the nation redress is not
possible. we resign ourselves to the
imperfections of humanity and let bv-
cones be by-Eones, and let the dead
past bury its dead"
When the groups assembled, the Ar
gentine delegation advanced "A sugses-
ZION which may make possible an
understanding that all nations repre-
schled snail work FOR an arrangement
whereby disputes arising between
business men in the different countries
shall he adjusted by arbitration
through commercial organizations
The Chilean delegation talked gen
orally Of the need for an Improvement
| OF transportation facilities and potnted
| out the advantages to be gained from
the investment OF United States capital
IN that country.
ESTABLISHMENT OF BANK
SUGGESTED BY SALVADOR
Salvador suggested that a bank he
I established there with capital OF
, sla,o00.000. that branches Of banks in
the United States he founded and that
, all nations represented at the confer.
cncc agree that the vessels of every
| other American country be cXempt
from port dues.
The delegation from Panama expected
tomorrow to bring up the question Of
the abolition OF the United States COM
missarics In the Canal Zone so that
their trade Will he diverted to mer.
chants of the republic.
| Speakers before the general session
included Governor Hamlin and Paul NJ
F.! Warhurg, OF tho Federal Reserve
Board; a. Barton Hepburn. OF the Chase
/ National Bank. and Mortimer l. Schiff
OF New York.