The Washington times., 1915-05-23
Us. .PAN-AMER|CAN
DELEGATES CONFER
Committee Named to Meet
Southern Business Men for
Private Discussions.
Continued from First PaEe.l

iividual conferences that the ques-
tion of reciprocity treaties between
the United States and practically all
Of the Latin-American countries Will
be brought squarely before the con-
ference.
Representatives of the Cuban dele
cation have declared publicly that
they will propose a reciprocity treaty
to offset some Of the difficulties that
country has experienced with Amer
lean tariff laws. Others are expected
to follow this lead and to make
stand for reciprocal relations between
all of the Americas
Many bankers and business men
were not named as delegates to the
conference are coming to Washing
The Chamber Of Commerce Of the
United States and other trade bodies
are lending every possible assistance
to the conference, and are co-operat-
ing in full measure.
D-actically all the South American
delegates are unapimous in wanting to
discuss with bankers of the United
States the practicability Of establishing
act their business with this country
easily in dollars and cents, and not
have to make the reduction to dollars
from pounds sterling, or some other
Continent Interest.
. An South America Is interested in the
establishment of American banks in the
principal South American cities where
commercial paper representing Pan
American trade can be readily nego-
tiated.
The question Of the United States en-
tering the South, American postal union
has already been brought to the atten-
tion Of officials of the United States
Government. That business would be
facilitated II a lower rate Of postage
could be established and maintained
between this country and the South
American republics Is urged by several
of the delegates and will probably be
discussed from the floor Of the conven-
ton. The South American countries
have a postal union of their own with
a system of postal rates lower than
those to countries of other continents.
and 1t will be suggested that the United
entering It, Along with the postal
questions. the subject of an improved
money order exchange between the
Northern and Southern Hemispheres Is
uppermost in the minds of several South
American delegates. Questions con-
cerning the discounting Of commercial
paper will also be discussed between
South American bankers and the hnan-
ciers of the United States
The question Of improvement in steam
ship facilities between the United States
and all South American ports is most
important topic to be talked over John
Barrett director general Of the Pan
American Union, who Is known as one
Of the great experts Of the world on
Pan American matters, outlined today
some concrete examples of financial and
business problems now being faced by
the South and Central American coun-
tries.
I'm Argentina, for instance" Mr.. Bar
rett. said, the question of steamship
transportation is perhaps the most COM
plex. Argentina is farthest way from
the markets of the world Argentina
suffers most of all the countries by the
lack of first-class steamship aCcommo-
cations This is shown not only in the
Jack of shipping facilities for freight.
out in the one item of correspondence
alone such a lacks Is of great moment.
sank drafts senI to Europe and back
TO New York are subjected to a heavy
expense because of the steam ship de-
lays and the necessity for paying in
terest on such drafts.
Argentina Is also interested very
much in the question of direct exchange
with New York. Then, again. favorable
conditions must be found for the placing
in the United States of the bonds OF
that country. Up to the time of the war
placed in Europe. Now that market
has ceased, and Argentina must have
money tc 60 on with.
Want Market Here.
Not only Argentina but other coun-
tries want the financiers of the United
States and the bond buying part of our
population to get over the idea that
South and Central American securities
are irresponsible. The countries down
there want a market in the United
United States for their responsible ma
tional. state. municipal. and private
bonds l might add that the Argentine
loan, recently a failure in London is an
example of the situation. Argentina
loans have been placed over and oeNr
again in London. but now Europe needs
her own money for war purposes:
Mr.. Barrett said tht If the United
States could loan South and Central
American countries $4,000, 900 in the
next year or SO he had not the least
ioubt but what the United states would
Increase its foreign trade $oO,UO,Uoo
ithin that period of time
For every dollar loaned down there
ae business men of the United States
,,ould easily make dollar to match it. "
Must Be Developed.
Speaking of Brazil, Mr.. Barrett point
ed out that 1t is necessary TO rthat
country to bring about in the United
States conditions favorable to her cof-
fee and rubber markets These he said.
must be developed; and Brazil must
have money with which to do 1t.
Shile is in need of steamships. and she
nuts develop her markets for nitrateS,
the greatest of all Chilean exports. Bo-
livia must get rid of her tin. Mr., Bar
rett said he understands a recent re-
port widely printed in the financial
newspapers to the effect that Bolivia
has made arrangements to borrow mon
ey for the development of her tin mines
is not exactly correct, and that that is
a problem still being worked on.
Mr. Barrett spoke OF ECuadors market
for cocoa nuts have been exhausted so
Jar as Europe is concerned at thi slime,
and h pointed to the necessity of the
development in Central America of the
coffee fields.
To Open At 10.
The conference will be formally opened
in the Hall of the Americas in the Pan
American building by Secretary of the
Treasury .MCAdoo at 10 o'clock tomor-