The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-03
TO
MEET EVERY YEAR
McAdOo Announces Plans to
Pcrpctuate the Financial
Conferences.
TO NAME 10 COMMITTEES

WARRINGTON, June e. secretary
McAdoo announced plans to-day for the
p%erpetuation Of Pan-American financial
conferences such as hat which closed
here last week.
Mr.. McAdoo said that he would urge
the President to request the next Con-
grcss to make financial provision for
a conference next year.
He also announced his intention to
appoint eighteen group committees In
this country TO cooperate with similar
committees in South and Central
America in the development OF trade
and financial relations.
The secretary's announcement fol-
lows in part:
"I am satisfied nat practical results
OF the most advantageous sort to the
United States and to all the countries
of South and Central America WI now
from the Pan-American Financial Con-
ference. which concluded It's sessions In
Washington last week.
some OF the Governments in South
America have. 7 am told. already made
financial arrangements with some OF our
bankers and negotiations are pending
| between other South American Govern
| ments and our bankers with every pros
pect that they will be contaminated
'"There was absolute unanimity "
oo,nion as to the vital necessity for i'm
proyed ocean transportation facilities
Naturally the South and Central Aneri-
can republics could not suggest TO the
Government of the United states now
our Government or our people should
supply this want. although the delegates
from some OF the countries declared that
their Governments were willing to join
this Government In any practical meas
ures for improving m COM
munlcation between their ports and tho
leading ports OF the United states.
"If through private enterprise or the
action OF our Government adequate
steamship facilities could be promptly
SUPPLIED there Is no doubt that we could
secure and retain the largest part or
the very valuable trade with South and
Central America. Delay may cost us
the opportunity.
1T would be a great advantage to
this nation II politics could be eliminated
from the ship question. We must deal
WITH the important matter uiSbhSSAo'i-
ately and lntelligertly and do the prac-
teal thing.
at is clear that a Pan-American
financial conference should be held
every year. Such conferences will
keep interest alive and have n cont!nu-
Ing usefulness. | am going to earnestly
recommend to the President that the
Congress be requested to make provision
for an annual Pan-American conference
Step for Uniform Laws.
zone very important practical ster
was the adoption of the report of the
committee on uniform laws recommend
ing the appointment OF a Joint high
commission TO cooperate with the Pan
American Union for the purpose OF
bringing about the great reforms out
lined IN that report.
TIL cpmmittce suggested an admirable
way OF securing pulCKlv the appoint
meut Of this Joint high commission
namely. that the finance minister or sec
rotary OF the treasury Of each country
appoint n commission OF nine members
20 continue the work.
II shall be very happy 10 appoint
such Il commission In this country. Ot
course. It will have no official status, but
=. IL will have character and standing ms O
committee acting under the authority
OF the conference and I hope that tn,
fnanec minister OF each American re
public viii take similar action and ap'
. point a similar commission.
"When this has been done n Join
high commission will be constituted by
, voluntary action and may present TN
|, report OF the conference to their re
spcc,ive countries and seek such gov
ornamental aid and action as may b'
necessary to carry out the objects II
view.
Much Of tho success Of the conference
/, resulted from the group conferences
through which the delegates from eacl
, OF the Latin American countries wer'
/, brought into close contact with n com
: mittc OF representative flrauciers an,
business men Of tn United States wit
, u resulting interchange of views at clos
. range and under conditions whore tn
!, problems of .ach country could y
j, thrcshcd out and the difficulties and i'm
, pcllmcnts in the way of more extende,
= trade. and intercourse be
tween them discussed.