New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-05-23
Delegates from Is Pan
American Countries Eager
for Trade Feature.
WILL ASK u. S. FOR
LOWER POSTAGE
President Wilson Will Formally
Open Conference on Monday
Bryan and McAdoo TO Speak.

Washington. May 22.-Nearly all the
delegates now here for the Pan-Amert-
can conference are unanimous in want
fne 20 discuss with bankers % the
United States the prscticabllity OF es-
tabNsh;ng dollar exchange" 50 they
can transact their business with this
country easily IN dollars and cents.
While each Of the eighteen countries
has IS own individual trade features
20 present and argue, there IS no doubt
that the dollar exchange" Will be one
Of the main topics OF general discus
zion.
The question Of lower postage. il
was stated. would be brought strongly
% the attention OF the United States
government a. he conference. Several
Of the delegates indicated that they
believe business would he facilitated
II lower rate Of postage could be
established and maintained between
this country and the South American
republics
The South American countries. II
was pointed out, have postal union
OF their own, with a system Of posta.
rates lower than those 70 countries OF
other continents, and II will be sug-
gested that the United States consider
the feasibility Of entering this postal
union. Along with the postal ques-
tons the subject Of an improved
money order exchange between the
Northern ard Southern hem'spheres
will receive consideration.
The needs Of South America In re
lation 70 financial and business ex-
change with the United States were
uppermost in the minds Of the dele
gates here to-day.
Secretary of the Treasury McAdoo,
ignoring the fact that the conference
would not begin until Monday, and
ignoring the more important fact that
he was a father Of a Grandchild Of
Pre.iden: Wilson, received the dele
gates Informally in his Office to-day.
The meeting was confidential, but II
was learned af;erward that business
affairs were only lightly touched upon,
the Secretary merely getting acquainted
with The delegates.
Tomorrow Dr. I. s. Rowe, profess
SOY Of political economy at the Uni
versity Of Pennsylvania and secretary
general ~ the conference. will hold a
similar meeting with the delegates.
All South America is interested in
the establishment OF American banks
IN the principal South American cities,
where commercial paper representing
Pan Amerlcan trade can be readily
negotiated.
"ArEeutina is very interested in the
question O: direct exchange with New
York" one delegate said. Favorable
conditions must be found for the p &C
ing in the United States Of the bonds
OF that country Up 70 the time OF the
war 90 per cent. Of Argentina loans
were placed in Europe. Now that
market has ceased and Argentina
must have money 20 20 on with
Speaking q Brazil. another delegate
pointed out that x is necessary for
that country 10 bring about IN the
United States conditions favorable 10
her coffee and rubber markets. These,
he said. must he developed; and Brazil
must have the money with which 20 do
II. Chilli IS in need % steamships and
che must develop her markets for
nitrates, the greatest OF all Gillian
exports. Bolivia, likewise, wants 70
get rid % her tin.
The conference will be formally
opened by Pres,dert Wilson, in the
Pan American Union building, Monday
morning In addition TO the address
~ the PresldeU', Secretary Bryan will
extend a welcome from the State De-
partment and representative OF each
participating nation Will respond.
Secretary McAdoo, Postmaster General
Rurleson and Secretary Redfeld Will
also speak.