The Washington times., 1915-05-29

effect whatever course the conference
as whole might direct.
While delegates from Colombia, Ven
ezuela, Panama and the Central Ameri-
can republics were members OF the
transportation committee, they indicated
that for the present their countries have
no interest in the shipping project and
took no part In the disposal OF Che quss-
ton.
DR.. Alzemora, Peruvian delegate, con-
Cured with Senior Vergara, but was un-
able to sign the report, since he had been
accredited by cable and had no instruc-
tions from his government. DR.. Con
zalez, Ecuadoran delegate, withheld his
signature for similar reason. Because
of the non-participation Of the countries
named II was generally agreed that
there should be only two lines of steam
ships, one to serve the ports OF Brazil
Uruguay and Argentine and the other
to serve Ecuador, Peru and Chile, on
the west coast.
Senior Calderon, of Bolivia, suggested
that a central agency for Pan-Amer1-
can trade Information be formed In
the Chamber of Commerce of the Unit
ed States. that South and Central Amer
leans coming to the United States would
know where to go for Information and
trade aid. He told of his experience
in coming to America to finance a rail-
one man-Frank A. Vanderlip. of New
York.
Two distinct corporations for the
financing of the crops Of Central
American republics. and possibly the
%as proposed at the na SESSION tedsy
One Of them is the central bank
proposal which has been discussed
formally and informally during the
conference: and depends principally
though vital element lies in the pos
sible distribution of the stock holding
interests throughout the countries to be
served by the bank.
The other is a proposal for the estab-
lishment Of corporation to finance
public works in these countries.
Short Time Loans.
Briefly the plan comprises the es-
tablishment of a bank especially fitted
to take care of the short time loans. the
agricultural credits. and the business
Of financing the output of the Central
Americas and contiguous countries.
The bank would make a speciality of
turning over it's capital quickly on
loans to planters and producers, while
the other corporation would go In for
building railroads, public Buildings and
such.
Much Of the capital. estimated at s1o.-
C00000 would have to be raised in the
United States. Another proposal from
the Salvadorean group was TO estab-
lish a national chamber of commerce
iii Salvador.
The last general session Of the con-
ference was called to order by Chair
man McAdoo promptly at 10 o'clock this
morning. and reports were received
from the group conference committees.
Secretary McAdoo will deliver the clos
ing address.
All Of the delegates will be the guests
of Secretary McAdoo at a banquet to-
night in the Hall Of the Americas. The
last gathering will be at "Woodley.'
the home Of Assistant Secretary of the
Treasury Peters, in Woodley lane, to-
morrow morning. when they will be
guests at a breakfast given in their
honor by the Assistant Secretary and
Mrs. Peters.
Unanimous action was taken by
the conference in favor Of the pro-
posal of DR.. Pedro Cosio, head of the
Uruguyan delegation. for a return
visit from the United States delegates
to the conference to the various par
countries Of Central and
South America. The delegates will be
entertained by the respective gov
ernment. chambers Of commerce and
other organizations A special COM
mittee of the Latin-American coun-
tries had been formed to arrange for
this return visit.