The Washington times., 1915-05-24

Secretary Of the Treasury McAdoo
sounded the keynote Of the Pan-Ameri-
can conference this afternoon when he
delivered an address at the second gen.
eral session at 2:3O o'clock in the Hall
of the Americas.
1t Is not from selfish motive or sor-
did desire for material gain that this
conference draws It's inspiration" he
said. 1T has a deeper and a finer
meaning. We meet for the purpose OF
considering how and In what manner
tho great republics Of the Western
Hemisphere, representing as they do
common ideals OF liberty. justice, and
self-government, and dedicated as they
are to the highest and best interests Of
| humanity may, through common action
and interest not only conserve their
| material welfare, hut become a great
| homogeneous and powerful moral force
| for the preservation of peace and the
good of humanity.
Wholesome Material Basis.
"A wholesome material basis. which
| implies the prosperity and happiness
of the people OF a nation. Is essential
to the perfection and realization OF
| those high ideals and moral principles
| which profoundly influence the course
and progress of humanity. Through a
| better understanding Of the economic
| needs OF our respective countries let US
hope that we may be able to establish
| common basis OF material prosperity
| which shall make increasingly apparent
| the essential community of interest OF
| the nations OF the Western Hemisphere
| I'VE owe II at least to ourselves to
| initiate those measures and polcies
which will make the nations OF the
| Western World self-contained and IN
dependent Of the disastrous conse'
| quences OF future collisions between
the nations OF the Eastern Hemisphere
and capable Of helping the suffering
people of Europe in the time OF theii
we are in large part financially de
pendent upon the nations of Europt
for our internal development and eco
nomic stability. so long are we exposed
to the hazards OF their internal STRIFE
and external wars.
For Continental Solidarity.
This seems to be- tho opportune tim,
for tho development OF the spirit. a
least. OF continental solidarity.
THE nations of the western hemi
sphere cannot make greater contri
button to the cause Of civilization thai
Ito effect that kind of continental soil
darity which. resting upon wholsom
material interests. political accord. com
mon ideals. and mutual helpfulness. vii
give them a commanding influence 10
1.-The peace Of the world and the servic
OF mankind.
I'VE are all anxious to achieve practi
cal results. We do not wish this con
ference to culminate in mere debate
| We, Of the United States earnestly de
sire that you shall give to us the mos
complete and authentic Information con
cerning the financial and economic need
every problem which you think We ma
consider to your and our advantage
We realize that each country has II
own distinctive problems: that the prob
lens Of one country probably do nc
relate to those OF its neighoors; tina
such problems may concern govermer
| tai or public financing: tariff laws a
they AFFECT United States" trade; CON
mercial credits and direct exchange wit
the United States: ocean transportation
and various other things.
Would Concert Efforts.
Secretary McAdoo expressed the al
probation and qualification Of II
United States at the response the COZ
A ference call had received. and said thu
r nothing could more eloquently testii
s to the Importance Of the gatherin
n than the distinction impressed by II
g character and quality ''of our foreis
n guests"
q Never before has there heen asser
= bled an international conference
such signifcance as this one." he sa
referring to the world war.