The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-05-30
NATIONAL CITY BANK
BACKS BRYAN'SI IDEA
FavOrs Suggestion for Inter.
change Of Credits With
Latin America.
CALLS PLAN BRILLIANT

The National City Bank in n pamphlet
sent out yesterday discusses at great
length and with approval a suggestion
made by Secretary OF state Bryan at a
dime during the financial conferences
in Washington at which delegates from
South n Central American republics
were present. 1t was that the United
states n the recDblics to the south
interchange credit 80 that South and
Central American countries would not
be hampered by having TO pay s per
cent. or more for their money.
Mr.. Bryan's idea was that this coun =
try should take from n Sout American
nation its obligations bearing per
cent. interest and give such country an
equal amount OF . per cent. United
states bonds. This Government instead
OF benefting by the I per cent. differ
ence In interest would devote the gain
to the amortization Of the South Amer
lean bonds, which would take forty
seven Years II the sinking FUN were IN
vested at ; per cent.
The National City Bank sees in this
a daring and really brilliant convention.
and thinks It is no more visionary nj
first glance than some OF Lloyd Georges
schemes. which have causcd England to
do him homage as n %financier.
SEES VieldiaG oS Beneats.
EVERY dollar wisely expended i'm the
development of these countries will yield
benefits 10 the United States" saws the
National City Bank An essential part
of such a programme OF course, although
Mr.. Bryan did not touch on II in his
brief presentation. would he that our
Government should be entirely satisfied
with the purposes for which each loan
was to be incurred. that those PURPOSES
should be designed for the internal de-
~velopment If the countries borrowing.
and that that development should be OF
n character, generally speaking. which
would tend TO Increase their m
and make them more prosperous and
valuable neichbors."
tngrudgins credit H. extended 10 Sec
rotary McAjoo for the idea of holding
the conference, which has been de-
cidedly the most serious and business
like conference upon Pan-Amer ican
affairs ever assembled
The bank deplores the lack Of a duly
constituted authority FOR defining inter
national 'aw. in speaking a the Lusi-
tania.
No Belief That War IL Possible.
1T Is not believed that war will
come between the United States ana
Germany IL says. because IL is be-
llsy"d that both Governments sincerely
desire TO void 1t and that ground will
br found upon which they can meet.
The issues involved are serious, however.
and 1t Is possible that the negotiations
may he ~protracted. which In itself is
TO he regretted. as there is always the
chance Of new complications. II is very
much to he hoped that nothing will b.
said or written tn increase irritation
or promote the war spirit. which through
the public press Is quickly reflected from
one country to another"
About American business the hank
says: The general business situation
must be regarded as slightly better thar
a month ago, notwithstanding the dis
'urbing influence Of the great ocean
The middle Wes; is optimistic,
Influenced 10y the prosperous condition
Of the farming population and the pros
poets for another good crop"