Evening star., 1915-05-30
Concrete Results Predicted
as End Came to Pan-American
Financial Conference Here


Enthusiastic predictions for concrete
results in the expanse of trade be-
tween the American republics to fol-
low the pan-American financial con-
ference marked it's close last night,
after six days of busy conferences and
exchange of views. Problems confront
ing the republics of the western hemi-
sphere asa result OF the European war,
with its many upsets to long-estab-
lished trade practices. were discussed
between representatives of eighteen re-
publics and representative business
men of the United States, and plans
were outlined for closer business re-
lations and more direct trading be-
tween this country and its sister re-
publics in the Americas.
The formation of permanent organi-
cations to work out the details OF the
plans proposed was set forth as a sub
stantfal step accomplished.
The concrete results of the confer
ence may not be apparent for many
resentatives of the United States or the
eighteen Latin American republics
which snt delegates was inclined to
overlook its sentimental value. and the
business men of the United States and
its sister republics have come to a bet
ter understanding Of each others views.
What the results of the conference
may uc, 80 Lar dS the CnlIeQ states Is
concerned. probably will not be appar-
ent until Congress meets next fall and
receives the report of Secretary Nc
Adoo. presiding off1cer of the confer
ence, and suggestions he may make.
OF first Importance politically and
commercially. Is the question Of Inn
proved transportation facilities between
North and South America. The confer
ence took no definite stand yesterday
on how transportation could be best de-
q hn 1t
subsidy or government ownership ex-
actly where 1t was when the deliber-
ations began.
Mr.. McAdoo indicated, however, his
purpose to make some concrete pro-
posal to Congress. saying he expected
to urge the President to press for ade-
quate legislation.
Adopted Without Dissent.
The report of the committee on trans
portation was adopted yesterday after
noon without dissenting vote. The
only sign of a disagreement came when
William lie Gendre of New York pro.
posed to amend a resolution offered by
former Gov. David r. Francis of Mis-
souri, approving the report. The amend
ment, urging changes in the navigation
laws of the United States was over
ruled by Secretary McAdoo.
I'VE are not here" said Secretary
McAdoo. ito discuss government own
ership or ship subsidy. We have been
anxious above all to keep the political
aspects out Of this conference. Ques-
tions of government ownership of
steamships or of ship subsidies have
assumed political aspect in this coun-
try and I think this conference should
avoid them
Secretary McAdoo said he would urge
upon the President the need of contin-
uing the work of the conference. He
pointed out that the delegates had no
power to take affirmative action on the
question of transportation. but that
each country must be left to deal with
the matter in it's own way. The group
committees" of the conference. which
have done the real work, would be re-
placed. he added. with permanent com
mittees in the United States to con-
tinue the work
Mr.. Vanderlip's Idea.
Frank A. Vanderlip of the National
City Bank of New York summarized
the view of the representatives OF the
United States last night in the follow
ing statement:
THE American conference was a
happy conception. 1t has turned out
better, however. than it's very best
friends could have anticipated. The
results promise to be really substan-
tial and not confined to expressions of
good fellowship embalmed in an un-
opened volume of proceedings.
The conference has been character
lied by practical business sense. 1t has
not been a gathering for mere felicitous
spechmaking. The results promise to be
extremely helpful in giving impetus to
and in removing obstacles that stand in
the way