The Sunday telegram. [volume] (Clarksburg, W. Va.) 1914-1927, 1915-05-23
EINANG|ERS
TO MEET IN
WASHINGTON
.Pan-American Financial Con-
ference viii Open It's Ses-
sions Tomorrow.

WASHINGTON, May Z2s-hep-
resentatives of all the countries OF
North. South and Central America.
except Canada and Mexico. will meet
can Financial Conference, designed
to aid the commercial and banking
interests of each to solve the many
problems that confront them as
consequence OF the European war-
Eighteen countries accepted the
of the United States TO
send representatives to the confer
ence. The delegates appointed from
each come from chief industrial.
commercial andzf1nancial 1ntSests.
More than 200 prominent bankers
and business men of the United
States have been invited to partici-
The purposes of the conference
have not been strictly defined, but.
take up problems of transportation.
commerce and finance Secretary
McAdoo. who. has been active in ar
ranging the meeting. hopes that from
it will come knowledge OF cond1-
lions and inspiration which may
lead to those closer relations between
the United States and. her southern
nefghbors which long have been the
aim of American diplomacy
Wilson to Speak.
The conference itself Will continue
six days, but after its conclusion the
delegates will be taken on tour OF
some of the more important Amer1-
can manufacturing and commercial
centers. Administration officials have
spared no effort to insure success for
the conference. Congress has ap-
propriated $4,000 to make the vlsi-
tors guests of the nation Prest-
dent Wilson. Secretaries. Bryan. Nc;
Adoo and Redfeld. other members
of the cabinet, members of the fed,
eral reserve board. and members or
the diplomatic corps viii attend
sessions of the conference which VIII
begin Monday morning with an ad-
dress of welcome by the president. on
behalf .of the United States and an
other by Mr. Bryan on behalf OF the
state department One representa-:
rive of each invited country is ex
pected to respond briefly. At noon.
the same day, the president viii re-
ceive all delegates in the east room
at the White House. and the same
night a larger reception will be Civ
en- in their honor by Secretaries
Bryan and McAdoo.
AT the outset the conference viii
be divided into committees and there
viii be only a few general sessions.
There will be one committee for each
country and FIVE United States dele
gates viii serve on each. The com
nrittees are counted upon to learn
the real needs OF the visitors and.
when they desire. report their finding
in an open session TO all the others.
| Although no attempt has been
made in advance today down def
mite program for the committee
meetings. these are among the topics
suggested:
The present financial needs IN
national, state and local govern
ments: nature and character of pub
lie loans: how secured; rates OF in
terest thereon: 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. effect OF the Eu-
| ropean war on public revenues and
| expenditures; relation OF decline OF
! public revenues to guarantees OF
payment of interest and principal.
The. normal and financial needs. OF
public service companies: present
needs of such companies. character
and nature of the bonds or obliga
tons they have to Offer, how Sc
cured. etc: possible conditions OF n
nancfnE in the United States eject
/ OF the European war on such efm.
panies: their financial conditions and
Normal financial needs Of com.
merce. such. for instance. as credit
facilities: direct or dollar exchange:
possibility OF adapt1nf commercial
credits In the United States to the
needs Of the countries OF Central
and South America eject OF Euro-
pean war on the-hnancinE Of sforeiD
commerce.
transportation Between the United
States and the county, or Countries