Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1915-05-23
FINANCIAL PLAN
FOR ALL AMERICAS
Delegates from Eighteen Nations
Meet in Washington Monday to
Consider Business Problems.
WAR CHANGES TRADE CHANNELS

WASHINGTON. May s2.-Representa-
lives Of all the countries OF North. South
end Central America. except Canada and
Mexico, will meet here Monday in the
first Pan-American financial conference.
designed to aid the commercial and bank
ing interests Of each 20 solve the many
problems that confront them as a con-
sequence OF the European war.
Eighteen countries accepted the invita-
ton OF the United States TO send repre-
sentatfves 10 the conference. The dele
gates appointed from each come from
chief Industrial, commercial and finan-
cial interests. More than so prominent
bankers ana business men Of the United
States have been invited to participate.
The purposes OF the conference have not
been strictly defined but broadly speak
ing. II is expected TO take up problems Of
transportation, commerce and finance.
Secretary McAdco, who was active in
arranging the meeting. hopes that from
Il will come knowledge Of conditions
and inspiration which may lead to those
closer relations between the United States
and it, southern neighbors which long
have been the aim OF American dip
lomacy
The conference itself win continue six
days, but after It's conclusion the dele
gates win be taken on a tour OF some OF
the more important American manufac-
turing and commercial ccnters. Adj
Illustration officials have spared no eff
fort to insure success for the conference.
Congress has appropriated $4,000 to mako
the visitors guests of the nation Presi-
dent Wilson, Secretaries Bryan, McAdoo
ana Redfir.d other members OF the
cabinet, members OF the Federal Reserve
Board. and members OF the diplomatic
corps will attend sessions OF the confer
ehce which will begin Monday morning
with an address of welcome by the preei-
dent on behalf of the United States and
another by Mr. Bryan on behalf Of the
state department One representative OF
each invited country is expected to
respond bicfly. At noon. the same day,
the president will receive all delegates
In the East Room at the White House,
and the same night a larger reception
will be given in their honor by secre-
taries Bryan and McAdoo.
At the outset the conference VIII be d.
vided into committees and there will Be
only few general sessions There VIII
be one committee for each country and
five United States delegates will serve
on each. The committees are counted
upon to learn the real needs Of the wish
tors and, when they desire, report their
findings in Fan open session to all the
others.
Although no attempt has been made IN
advance to lay down a definite program
for the committee meetings. these are
among the topics suggested:
subjects for Discussfon.
"The present financial needs IN ma
fscnal, state and local government; ma
tura ana character OF public loans: how
secured: rates OF interest thereon; where
such loans have herstofore been placed.
end the price at which they have been
nold; possibility OF placing ouch loans
10 tho United states; effect OF the
European war on public revenues aud ex-
penditures; relation Of decline OF public
revenues to guarantees Of payment of
interest and principal. The normal and
financial needs OF public service conn
panies; present needs OF such companies;
character and nature OF the bonds or
oblsgations they have to offer. how Sc
cured. etc; possible conditions Of financ-
ing in the United states: effect Of the
European war on such companies; thar
financial condition and needs Normal
financial needs OF commerce. such. for
instance. as credit facillties; direct OF
dollar exchanges: possibility Of adapting
commercial credits in the United statea
TO the needs Of the. countries Of Central
and south America; effect Of European
war on the financing Of foreign COM
paerce. Transportation between the
United states and the country or ccun-
tries concerned; Improved postal service
Involved in money orders parcel poet
etc.
Sessions Of .lae conferences win be held
IN the Psn-American Union building.
While the conference is in session the
executive committee OF the Chamber Of
Commerce Of the United States will be
in Washington to meet the visitors and
give advice or assistance. The get to-
zether spirit" which officials hope to
foster will have an opportunity to show
itself in full swing at the banquet in
the honor OF the visitors the night OF
May o. at which most Of the prominent
mon IN diplomatic and official life In
washington will be present
itinerary of Trip.
The delegates win remain In Washing'
ton over the next day and then start on
a fifteen-day trip which takes them be
tween st. Louis and Boston. The timer
airy follows;
Monday. May n, to Annapolis; lunch-
con Leave Annapolis. Y noon and ar
rive Baltimore 1 2. N. din9e ei;,,,-. IN
a. m, and arrive Philadelphia (Broac
street station). 4 a. IN.
"Wednesday. june 2; Leave FhiladeipniA
D. m, and arrive Pittsburgh. 10 p m
Friday. June 4 Lea e Pittsburgh
Saturday. June S: Arrive ST. Louis
sunday. June &: Leave st. Louis. 3 D
m and arrive Chicago, 10 y. m.
Tuesday, June S. Leave Chicago, II p. m
Wednesday, June .; Arrive Detroit, SO
a. M leave Detroit II p. m.
Thursday, June 10: Arrive Niagart
walls, s A. M: leave Niagara Falls, p
m; arrive Buffalo. > D. m
Friday June ii: Leave Buffalo, 12:3
midnight; arrive schnectady, n. Y. ~
see General Electric. WORKED a m.
leave Schnectady, 1880 nooni arrive Bos
ton, 6.19 .. m.
sunday June y: Leave Boston. .
m: arrfvo New YORK, .. m
The delegates will remain in New YorI
Monday and Tuesday. June IA and 10.