Evening star., 1915-06-11
ARE TAKING STOCK
OF THE GAINS MADE
Latin Americans Gratified by
Information Obtained on
Tour of u. S. Cities.
THINK BASIS is FORMED
FOR BIGGER BUSINESS
Hopeful of More Intimate Trade Re-
lations Between Southern Re
publics and This Country
Special From a statr Correspondent.

Special From Star Correspondent.
| SCHENECTADY. n. Y, June 1i.-As
the swing round the eastern portion or
the United States approaches Its last
days the delegates Of the pan-Americau
financial conference tour begin to take
stock to find what advantage they have
gained on the two-thousand-hve- hundred
mile run. and to check up on tho informa
ton they have gained from the business
men and bankers along the line The
first thing they find is that nothing binds
the nations 80 closely together as per
sonal relations. and on both sides of the
fence. United States and Latin America.
there is plenty of evidence to show that
many Misunderstanding have been
smoothed away.
The delegates represent countries which
want to establish new credit relations
and transportation lines, and in each Of
the big cities Of the United States they
have had the opportunity OF talking to
and received valuable Information. Many
Of the delegates believe that new bank
| ing relations cannot be stablished too
quickly. If American bankers are not
speedy in getting into South and Central
America, they say. the European finan-
ciers will get the cream of business again
as they have always had it,
Where Blame Will Rest.
| However, American bankers will have
only themselves to blame II the predictions
of the Latin Americans come true, as
the delegates have certainly lost no
opportunities to talk to financiers on
this trip, and bankers everywhere have
responded in public and in private
1 to- %L1f thn
banking laws in the federal reserve
act will easily permit United States
capital to circulate in South and Cen
trail American banks. They have also
States is willing to give in the way OF
credit.
1t appears that good missionary work
has been done by the delegates in con-
nection with advertising the need for
better shipping facilities between the
United States and the republics to the
southwark, and 1t would not be sur
prising II the impetus given by this
tour would result in the big combine
of steamships spoken of at the confer
!, ence in Washington. Delegates and Of
icials on tho trip believe that enough
sentiment has been formed to enable
y the administration to deal with the
shipping problem with effectiveness. In
speeches and in conversations the dele
gates have told the business people
along the route that to establish close
plenty are necessary. octavio Zayas
Of Cuba is one of the believers in that
statement.
View. Of Delegates.
IF you hav. NO ships" says Mr.. Ia
yas. how can you expect trade relaA
| tionsf What would you think Of =
| farmer who wanted to take his produce
/ to market and had to depend on hie
neighboring rivals for horses and wage
ons7 Yet that is the position Of the
United States today"
/ A phase Of the international situation
between this country and Brazil is ex-
planned by Admiral Cordeiro da Graca
4 OF Brazil.
; The balance Of trade is in our favor"
4 he said You buy a great deal from
uA but instead Of sending US your
goods in return you s,a send - u; Eraa. so16 WITH
| is not the fault Of the ships. for Brazil
1 has many ships. II is because you do
| not know US, you do not come to see
US. To make business. nations ought
| to know one another personally. You
70 to Europe to become acquainted,
but you do not come to BRAZIL
| Delegates expect that Sir SANTIAGO
| Perez Triana of Colombia will make
Boston tomorrow night, and that the
subject will be in relation to the South
American attitude toward the Monroe
doctrine. Sir Perez Triana believes
| that the Monroe doctrine should be
exercised by this country in the strong,
| est manner possible. and that II s~houio ~
act as protection wherever possibie
on this side of the world.
Senator william Alden Smith touch
ed on the Monroe doctrine or, at least,
| a phase Of it, in Detroit. He told the
guests Of the nation that there need
be no misunderstanding between the
republfcs of the western hemisphere.
that the United States had shown its
coined the sister nations. He pointed
out the free and untrammeled relations
between this country and Canada. ana
| told tho delegates that there is apso
lutely no reason why there should not
be exactly the same kind of relation
ship between tho United States and tho
various republics of this side OF tho
earth
Glimpse Of European War.
The first personal glimpse Of th4
European war situation was given -
the pan-American financial conference
party on reaching Niagara Falls yesf
t.rday. when Canadian troops. armed
with loaded rides and fxed bayonetsS
were seen guarding the 1ntsrnatfona1
bridge and the electric power housey
naar the HOrSeanO0 IAllo. OLA uUHulcV
soldiers guarded tho tunnel, Just across
the border from Detroit. and 5000
troops were encamped about two mileA
from here.
sentrtes prevent strangers from Wake
ing too close to the brink Of the precipicS
In Windsor Park. because Of the presence
of the power house below. Every man
and every vehicle on the bridge Is closely
watched by a soldier until he Is a good
distance away from the danger point
from which a bomb might be tossed on
the works below.
All the wonders Of Niagara Falls the
gorge and the whirlpool. on sunny sum-
mer day were seen yesterday by the dele
rates. Last night they were guests at a
dinner given by the Clearing House As
sociation of Buffalo Today they Will IN
spect the plant of the General Electric
Company here. e. q.
MTTITTA OFFICERS TO RETIRE,