Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-05-30
DELEGATES CONSIDER
TRANSPORTATION PLANS
fan-American Financial Conference
Adjourns After Six Days
Session.
MANY PROBLEMS DISCUSSED
business Men of Two Western Con.
tinents Come to Better Under
standing Of Each Others Views.
Visitors Take Leave Of President.

'ieitorS lake Leave or President.
WASHINGTON. May 2e-rhe Pan
American Financial Conference .cloned
mere o-night after six days discussion
OF problems which have confronted the
Two Americas because Of the European
wars. Concrete results Of the meetings
may not be apparent for many months.
nut none Of the representatives or the
he!eGatcs OF the Pan-American repub-
hcs were inclined to overlook it's SEN
umcntal value and the apparent fact
mat through 1t business men Of the
Two Western continents have come to
better understanding of each others
views
What the results Of the meetings may
be- 80 far as the United States is con-
cerned. probab bly, will not be apparent
until Congress receives the report and
suggestions OF Secretary McAdoo. pre-
siding officer OF the conference
OF first Importance. politically and
commercially. is the question OF i'm
proved transportation facilities be-
tween North and South America The
conference took no definite stand to-
day on how the transportation could
be best developed and left the ques-
ton OF the ship subsidy or governme mt
ownership where 1t was when the de-
Noerations began. Mr.. McAdoo indi-
Gated. however. his purpose to mako
'ome concrete proposal TO Congress-.
say!ng he expected to urge the Prcsi-
cent TO press for adequate legislation.
The report Of the committee on trans
povtat,on was adopted to-day without
a dissenting vote.
McADoo WILL URGE THAT
WORK BE CONTINUED
Secretary McAdoo said he would urge
on the President the need OF continuing
the work OF III. conference. He pointed
out that the delegates had no power
10 take Affirmative action on the ques-
t!on OF transportation, but that each
country must DC left to deal with the
matter in its own way. The group
committees" of the conference. which
have done the real work. would be re-
placed he added. with permanent COM
r!ttecs IN the United States.
Frank A Vanderbilt Of tho National
City Bank OF New York. summarized
the view % the United States represen-
taIves tonight in this statement:
The Pan-American conference was
better than it's very best friends could
have anticipated
The conference has been character
lie! by practical business sense. The
results promise TO be extremely nelp-
.ul in giving impetus 10 the movement
for close credit relations. and in re-
moving obstacles that stand in the way.
There was one point on which every
n Tn he
agreed on. and that was that the great
Est obstacle in the way Of this trade
development is lack OF transporta-
ton facilities. There were divisions Of
opinion as TO how TO meet the demand
ou, there was unanimous agreement
that 1t must be met before really great
results are attained"
FOR BETTER UNDERSTANDING
BETWEEN TWO AMERICAS
resolution presented by Preside mt
Fahey. Of the Chamber OF Commerce of
The United States. was adopted to-day
pledcing that organizations support to
further better understanding between
The TWO Americas. Mr.. Fahey said he
expected to meet in New York next
week with Mr. Vanderlip and Senior
Aida, OF Argentine, TO draft A code 10
govern the settlement OF commercial
disputes by arbitration.
The conference ended to-niGh, with
banquet in the Pan-American Union
building. Secretary McAdoo was host.
secretary Bryan. Mr.. McAdoo. Assistant
Secretary Peters. OF the Treasury De-
rartment: L. s. Rove. secretary-gen-
eral OF the conference: John Bassett
Moore. Senior Triana. of the Colombia
delegation. and Ambassador Da Cana.
.. Brazil, were speakers. On Monday
the delegates will start on a two weeks
tour of the Middle West and East.
STEAMSHIP LINES
NEED OF PAS-AMERICASs
Plans for steamship lines between the
United States and South America-the
cne thing all delegates to the Pan
American Financial Conference agree is
essential to closer relations between the
Americas were presented to-day by
the transportation committee. per-
manent committee of representatives OF
the United States, Argentina. Brazil.
Chile. Uruguay, Ecuador and Peru to
work for the development OF the plans
was recommended. Two subcommittee
reports. differing only in proposals OF
procedure, were submitted.
One. signed by Delegate Aldac, Of
Argentina: Cavalcanti, of Brazil. and
cosio, Of Uruguay. proposes:
Fast line of 1oo.0oo-ton steamers
would be installed between the United
States and Rio de Janeiro. Monteviedo