The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-08

r.sNe6 NN'bTS were entertained a.
nos, continuously by the American Am.
hssssdor. Nv Stimson, and other Amer
lears residing hcre.
while pointing out the tinclinc7- of
NJ discussion Of tho commission dur
'-r ire last two weeks and urging tho
a.Strahih'v of tho objects sought the
Argentine nov are unanimous in
treating those goals as Ideals which ~
o-esn' are beyond attainment. The
'onS programme Of ~hancucts aud en-
'sr'sinments and the short programme
~ husirese almost suggest that tho or
ssnizer- nf the conference realized th,s
h,'orc tive task was undertaken. ~
s-y rate tn" difference has hecr owe
~ 'he srcat,Gt International society
succcsses 81 recent years.
No I inform N%Ou~tNrs S,stcn
fhe establishment OF = uniform none
~ 6 ten VA. ia" opening theme. Its
Introduction N South America L. not
-osl ri,1 =. feasible at the present time.
cuhiu monetary reform was possible
,rlr c,u- &" u correspondence OF en-
rh.ncc between the United States cur
-er', md tn" Old luis and Centenc~.
tlth"ush ~ argentina tho standard Is
gold and 'rore IL actually much coined
.o'i IN c\I-teucc hearing tho Argentine
,'arr. tho - cent dollar as represented
hv the paper note Is the true currency
- the country. AS the late Charles
, rcrant stated at the first financial
-o---c>a uniform units cannot he In
s:i'l'ed sav" after a lengthy study Of
0lir'cs and prices n the countries
nm nfned, II ONLY the creation OF an
International standard we're necessary
re matter wuuid he simpler. hut un-
or iratciy there j. no correspondence
S'reen tn, exchange" par Of the Nari-
49, South American republics.
Nor u there much hop" ~ any prac-
zeal outcome 10 tho discussion Of un!-
'ornit. "t legislation dealing WITH IN
s'-lments of cred :. 'omrnerc" cniploS
slndry Documents whicl, ~ a fiduclary
ss'rs stand tor value. n 'hcS" are
'sgs'ly guaranteed and protected in
'he'- character. Rut earh country
ls~ciei.'ss MORE particularly for it's
nru immediate needs. though broadly
speaking there are two methods Eener-
ally in r-o. IA. Law Merchant 81 the
Anrlo-SaAon races and the Roman law.
a.'s;~c ou' Of tho lustin'ai code. ~
me Hague conferences Of 1910 and lal2
tho question NJ uniformity was dis
cussoc. tho majority of the nations there
represented drawing up "A protocol based
N the tructs Of Roman law. Great
Britain and the United States stood
ASIDE and IN the other countries sigma
or, 70 the protocol no notifications in
NUrisDfudeu"c can be traced 10 their
HsElA agreement. In respect of GUS
toms, '.,t1s aud legislation II is prac-
'ra.ly admitted that little can be done
save 80 arupllfy tn. stidy Of the sub
i'ot begun AZ thc customs congress held
n New York in 1908.
Trade travellers status.
L,s important. Yet ot moro immedi-
M practical interest, is the discussion
~ the status Of commercial travellers.
and IN" suggestion that their control
and taxation be unified. In many cases.
Argentina hong ono Of them. the Fed
fal toN'rnnent u override the
autonomy of the provinces in 80 far
&c 'hclr sources of revenue arc rom
r'rnod. Hence here too ne actual re-
suits can no looked for, though tho
report Il the High Commission may
"'onmond liberal treatment and rca-
sorahl' taAcs on these commercial
srerts
Wherc fcUcst difficulties are to he
FOUND and where something practical
may he t"ne H. IN respect TO postal
'arlffs some States in need Of money
hr'" suggested raising existing postal
arms. forgetting that increased service
always attends cheap rates. The ac-
tal rates dat" from the Rome conven-
ION Of 1906. hui, may be altered BY
consent ~ the high contracting parties
10 me EXISTING agreement.
n.o section ~ the commission devoted
good deal OF attention to studying
'arcel posts arrangements. Under the
%'scer'ly ratified convention between the
Im'ed States and Argentina, South
american parcels pay a higher entry
zee than those from the United States.
ana the costs are much greater than
nose on an Argentine parcel entering
we United States. In respect TO social
'sis'"i'on there is no denying that
shle IN tais republic and a few other
state labor laHs based OH modern ideals
nave been introduced, In the majority
=" cares such action would be prema-
ture.
Inc Introduction Of the question of
r'folcuir. hrough; about at the request
A" the Argentine Government, Ii a deli
ss'" ma'ier. Two-thirds Of the oil in
".Stry OF the world is in the hands
4 powerful company and the in
,"''sts OF the Industry as "A whole lie
me direction OF not forcing produce
LVn Yet II II very evident that an
.-'eHH"d Argentine output would be OF
VI. greatest possible benefit to the re-
~" theme ~ improved transport
,r'Iiitics ia" must he cIassed az ara-
wNno at tho present time. given the
haN Of the freight market. Not so.
.~oFc'cr, * the question OF credit or
sahlZation, which concerns the United
na'es very closely. One OF the FIRST
meps taken to strengthen the financial
Ses between Argentina and tho United
o,a'es was the opening of o local branch
VI one OF the most powerful American
.a.hs' and this event has had NJ small
"rnuence on the granting of sundry
recent national loans.
Aalitional cabling facilities available
through the use OF Government stations
=, ordinary business also are con-
,uerea feasible projects and would tend
/" Inc oiieapcning OF the service. thus
,.uucIng the charges of the formcr sys-
ten' which has long paid for itself,
oe,hs capitalized 10 deal with u much
mailer service than actually passes over
"e wires at the present day.