Arizona republican., 1915-05-27
| TRANSPORTATION ~
 sr.sa..asss Al. BIG QUESTION
Big Steamship Combine May Be One Result of Pan-American Meeting Delegates Feted and Out line Their Wants.
ASSOCIATED PRESS D1sPArcHI

WASHINGTON, May 26.-Confer- ences between representatives of the financial and business interests of the United States and delegates from South and Central America attending the Pan-American financial confer ence, were continued today in an eff fort to bring about a clear under standing of the desires and needs of the southern republics. There was no general session of the conference and the oratOry that marked previous meetings gave way to statements of facts about the conditions facing the various countries and the necessity for credit and cash to aid their devel- opment
 The committee on transportation, which has under consideration what many delegates regard the most important question the conference has faced, entrusted it's work to a sub committee, which is not expected to report until Friday. There were ru- mors tonight that there might result from the conference a gigantic steamship corporation, backed by all the interested countries, to insure rapid, regular and safe transportation between North and South America. It was pointed out. however, during the discussion of this subject, that so far as the United States is con cerned, it's official representatives have no authority to enter into any negotiations along this line. Another suggestion talked over was the con templated establishment of steamship lines by the respective governments interested the bonds of which would be government guaranteed
 It developed that while compara- lively few of the visiting delegations have concrete proposals to offer which will immediately attract capi- tai from the United States, the gen eral feeling is that the conference will have a sentimental value which later should result in something more tangible than the present interchange of views.
 Aside from group conferences, the delegates had little work to occupy them. Some were guests at luncheon with Secretary Bryan, and all were taken for an automobile trip through a. part of the capital. Later the fed eral reserve board entertained the visitors at the Country club.
 There was some discussion among the delegates and representatives or the United States as to the feasibility of incorporating a bank under the federal reserve law in which national banks would be stockholders. who would be able to establish branches in Central and South American coun- l tries. The discussion, however, IS not expected to develop any concrete plan at present. The Honduran delegates discussed the possibility of shaking off Eng 1 fish control of their railroads. The I price at which the English hold Hon duras railroad bonds has so far been prohibitive, it was explained. not De- | cause of their intrinsic value. but De-
 cause of lack of money. Cuba Is looking into the possibility of a reel
 procity treaty with the United states l to replace the present one.
 Bolivia is said to be in critical
 way because of the lack of foreign i capital for the development of that
 country, particularly for developing tin mines. The Nicaraguan delegates said that if American business men desire to increase trade there. they
 should grant long term of credit. | They discussed the lack of adequate l communication with the Atlantic coast 
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