The Washington times., 1915-05-15
WOULD UNITE TWO
AMERICAS IN TRADE

Practical results In strengthening
financial and trade relations between
the United States and Latin America
will be the aim of the Pan-American
financial conference which will meet In
Washington May "a, with several hum
dred delegates from South and Central
America, diplomats, bankers, business
men, and Government officials Of this
country In attendance.
Plans for the conference have just
been announced in a letter of greeting
sent by Secretary of the Treasury Nc
Adoe to the delegates.
Much of the time of the conference
will be devoted to confidential meetings
between delegates of each of the South
and Central American republics and
special committees of American business
men. Eighteen such committees will be
appointed by the Secretary to take up
with respective national delegations pc
culiar problems OF each country with
respect to It's financial and trade rela-
tions with the United States.
There will be but two or three general
sessions Of the conference-on finance,
commerce, and transportation. Inc IN
dividual conferences are planned on the
idea that each country has problems
that are distinctively Its own. problems
of such a specific nature that tney can
not be discussed with advantage in the
general conference. In order that the
best opportunity may be afforded the
delegates to discuss every Question ana
Interchange views freely with American
representatives.. the committee nieetinss 8
Will not be scheduled, but may be held
1t Will and IN strictest conidcuce. ana
only published at the request OF any
delegation.
Such conclusions of these conferences
as it Is desirable to publish will be re-
ported to the general conference.
Secretary McAdoo has tentatively suS-
gested the following subjects for discus
sion:
/. The present financial needs in ma
tional, state and local governments
nature and character of public loans;
where such loans have heretofore been
placed and the price at which they
have been sold: possibility OF placing
such loans in the United States: erect
of the European war on pubic revenues co
and expenditures; relation of decline or
public revenues to guarantees OF pay
ment Of Interest and principal.
2. The normal and financial needs OF
public service companies; present needs
of such companies; character and ma
ture of the bonds or obligations they
have to offer; how secured. etc.; pos
sible conditions of financing In the
United States; effect of the European
war on such companies: their hnancia'
condition and needs.
3. Normal financial needs of COM
mcrce. such. for instance. as credit
facilities: direct or dollar exchange; pos
sibility of adapting commercial credits
in the United States to the needs of
the countries of Central and South
America; effect Of European war on the
financing Of foreign commerce.
4. Transportation between the United
States and the country or countries con-
cerned; improved postal service involved
in money orders. parcel post, etc.
American delegates invited to attend
the conference. by Secretary of the
Treasury McAdoo, number several hun
dred Gdkernment officials, and the most
prominent bankers and business men of
the country. The list includes all of
the members of the Cabinet; Robert
ment: John f. Osborne, Alvey A. Adee
and william Phillips, Assistant Secre-
taries Of State: Byron r. Newton, VIII
liam P. Malburn and Andrew j. Peters
Assistant Secretaries of the Treasury
John Shelton Williams, Comptroller OF
the Currency: members of the Federal
Reserve Board: members of the Federal
Trade Commission, Federal Reserve
agents, governors of the various Fed
eral Reserve Banks. Federal Advisory
Council of the Federal Reserve system.
John Barrett, director general of thu
Pan-American Union, and bankers ant
business men.
The list of Washington delegates in
rludes John Joy Edison. president OF thu
Washington Loan and Trust Company
Frank e. Gorrell, secretary of the Ma
tional Gamers Association; A. r. How
ard, Of the American Express Company
Charles W. Warden. president of tn,
Continental Trust Company: a. G
C1apham president OF the Commerc. "a
National Bank; w. T. Galliher. presi
dent Of the American National Bank
Fairfax Harrison, president OF tn
Southern railway; Elliot II. Goodwin
secretary OF the Chamber OF Commerc
~ the United Statps